The Everton Board Thread 2014/15

[Visitor22]

There must surely come a point where the greatest living Evertonian and his mates accept that they're not going to make a 400% profit on an investment they've added nothing to.

They paid £20m for 68% of the club, their shares are probably now worth about 500% of what they paid for them. And only going to go up so long as the club remains in the PL. There really is very little incentive for them to invest any more of their own money - it adds risk and will not return much more than they get for doing nothing

 

[Toffeelover]

Laughing all the way to the bank Bill?

 

[GwladysBlue]

Laughing all the way to the bank Bill?

I'd love to know where them other operating costs go. Hard to imagine being penniless whilst running the 20th richest football club in the entire world...

 

[MickA]

Sunderland binning off Kitbag and doing their own little mackem thing

http://www.safc.com/news/club-news/2015/may/retail-operation-set-for-relaunch

 

[royvernon39]

I have just read a fantastic piece in the 'Fans Articles' section of this Forum called 'Mr. Kenright - In quotes' by Chris Feeley.

Well-written and well-researched.

In my eyes at least it could conclude this thread.

 

[mrb85]

Kenwright is in bad health. Can't see him wanting to have any more active involvement though I guess he could still choose to retain his shareholding. it's not obvious who would take over the Chaimanship though. It's hardly the case that other Board members have shown any inclination to have a bigger involvement.

 

[sageyefc]

Kenwright is in bad health. Can't see him wanting to have any more active involvement though I guess he could still choose to retain his shareholding. it's not obvious who would take over the Chaimanship though. It's hardly the case that other Board members have shown any inclination to have a bigger involvement.

Elstones the one running the place, Bill just does the signing off on things now

 

[mrb85]

Elstones the one running the place, Bill just does the signing off on things now

You're right in regards to day-to-day operations but BK is still at the helm on the strategic stuff.

 

[jaycee]

You're right in regards to day-to-day operations but BK is still at the helm on the strategic stuff.

you mean we have a strategy?

 

[sageyefc]

You're right in regards to day-to-day operations but BK is still at the helm on the strategic stuff.

What do you mean by 'strategic stuff'?

 

[joey_macmo]

Can anything "strategic" even be done atm with only 3 on the board?

 

[marty mcfly]

They paid £20m for 68% of the club, their shares are probably now worth about 500% of what they paid for them. And only going to go up so long as the club remains in the PL. There really is very little incentive for them to invest any more of their own money - it adds risk and will not return much more than they get for doing nothing

The problem is that if you stand still in football you go backwards. There's a very real possibility that if other teams like Spurs, West Ham, Liverpool and then add in Swansea and Southampton go past us we will quickly find ourselves fighting relegation every year. I also don't think the TV money is likely to continue to improve much. That market is satuated and once the broadband market share war dies down there's a good chance that will decrease not increase.

Right now without investment their shares are probably as valuable as they're ever going to be. They do have a reason to sell.

However I don't think that's the reason they are holding on. I think they can't find a buyer that wouldn't put the club at risk. Call me naive.

 

[The Esk]

I think they can't find a buyer

...that is prepared to pay the price demanded for the equity.

 

[marty mcfly]

...that is prepared to pay the price demanded for the equity.

I think thats the basic requirement.

If they won't pay the money for the equity stake what makes you think they have the money to pump into the club. You would be swapping one skinflint for another except the new one wouldn't be a fan and would probably place the club in danger. I'm sorry I don't understand why you think that would be a good thing.

 

[The Esk]

I think thats the basic requirement.

If they won't pay the money for the equity stake what makes you think they have the money to pump into the club. You would be swapping one skinflint for another except the new one wouldn't be a fan and would probably place the club in danger. I'm sorry I don't understand why you think that would be a good thing.

I don't think it is a great thing at all, you misunderstand my point.

The asking price for the equity is too high regardless of the buyer's ability to fund it and the development capital required over and above the purchase price for a new stadium and squad improvements.

If I priced my house at twice the market value (for example) I could search 24/7 for a buyer but I'll never find one.