TheFinnFan
Finners
Naturally new owners will share their plans with current owners who then decide if these are worthy of our club.
- Status
Bluesnapper
Player Valuation: £10m
What was the attraction of the stills photographers taking pictures of people in the main stand before todays game?
Dario Terracotta
Player Valuation: £70m
Our new signing Matty Foulds was there
lol
Fans?
Looking for aiden mcgeady he has been lost for 3 months now
That won't even get you to El Cajon
ijjysmith
Calm
They're reading the club's finances mate. It's basically the same in the end.
quasi modo
Player Valuation: £50m
This crap all gone quiet again.
Blue Cheese
Mental Patient, GOT Ward
I think it will now until they are ready to make an announcement either way.
If I was comparing your literary skills to an artist, Rembrandt would spring to mind. Similarly the bloke who paints the lines on our local pitch, when I read Chico's guff
billytoffee
Player Valuation: £20m
Bit harsh on the line painter that!!! Its not easy keeping it straight and getting the measurements right you know!!
The Esk
Player Valuation: £70m
Dario Terracotta
Player Valuation: £70m
Still trying to catch up with this thread after Christmas break but one of the main questions that arises is how this group would work with a passionate fanbase like Everton's. That would be a big difference from their ownership of the Padres which has one of the more relaxed, less committed group of fans in baseball. I think Fulham would be a fitting parallel.
njligernj
Player Valuation: £15m
I've been out of the loop here for the past week but it seems likely the (potential) deal is leveraged?
If so I am 100% out.
If BK thinks "they aren't much richer but they know sports better" well it's true but the degree to which they are better at managing sports teams is NOT worth selling the club to attain.
Honestly if they don't have money then he just needs to hire a better, fully empowered, CEO. A CEO he takes as seriously as he did hiring Moyes or Martinez. Then let that person loose. A competent CEO could find MILLIONS extra from a brand like Everton.
If all the new owners might bring is an extra 5m a year for instance I genuinely believe we have that just sitting around waiting to be picked up.
For all the bad things I've said about him, I am still surprised BK would be looking at it if that's the case. Not going to speculate about why he may have changed his tune but the one positive thing I have ever said about him is that he loves the club and I didn't think he'd sell us out.
Anyway not going to get too worked up about speculation about a deal that will never happen but once again 100% out if they are looking to leverage part or all of the acquisition.
I avoid talking about this stuff too much here but I say this as someone who has in previous roles participated in a leveraged buyout of a multi-million dollar company -- we showed up, fired almost everyone, took money they *should* have made themselves and used it to pay them for their own property and now they have nothing (bar a "fair" fee of course). Nobody who does this stuff has any intention bar making a crap load of money off people who weren't utilizing their assets effectively enough. Essentially smart people with no or limited morals show up and take advantage of dumb people -- and there are a LOT of dumb millionaires out there. Way more than you'd think. Almost nobody seems to know how to run a business effectively and a lot of people, even people with tens and hundreds of millions in sales, have wafer thin margins and are one bad year away from getting a call from a vulture. It's horrifying ... I think it's my next career move actually -- it's so damn easy and the money is just insane. Either that or House of Lies consulting. Straight and narrow is for suckers.
EFC definitely doesn't leverage its assets well enough and are therefore a prime candidate here. It doesn't mean the new owners will destroy everything of course (that doesn't make sense) but if they're looking at it through that lens then they are in it ONLY for the money.
If you guys want a billion dollar US equity firm to come in and buy the business I can have three more knocking on Bill's door tomorrow morning but they all want the same exact thing and none of them would be good for us.
If so I am 100% out.
If BK thinks "they aren't much richer but they know sports better" well it's true but the degree to which they are better at managing sports teams is NOT worth selling the club to attain.
Honestly if they don't have money then he just needs to hire a better, fully empowered, CEO. A CEO he takes as seriously as he did hiring Moyes or Martinez. Then let that person loose. A competent CEO could find MILLIONS extra from a brand like Everton.
If all the new owners might bring is an extra 5m a year for instance I genuinely believe we have that just sitting around waiting to be picked up.
For all the bad things I've said about him, I am still surprised BK would be looking at it if that's the case. Not going to speculate about why he may have changed his tune but the one positive thing I have ever said about him is that he loves the club and I didn't think he'd sell us out.
Anyway not going to get too worked up about speculation about a deal that will never happen but once again 100% out if they are looking to leverage part or all of the acquisition.
I avoid talking about this stuff too much here but I say this as someone who has in previous roles participated in a leveraged buyout of a multi-million dollar company -- we showed up, fired almost everyone, took money they *should* have made themselves and used it to pay them for their own property and now they have nothing (bar a "fair" fee of course). Nobody who does this stuff has any intention bar making a crap load of money off people who weren't utilizing their assets effectively enough. Essentially smart people with no or limited morals show up and take advantage of dumb people -- and there are a LOT of dumb millionaires out there. Way more than you'd think. Almost nobody seems to know how to run a business effectively and a lot of people, even people with tens and hundreds of millions in sales, have wafer thin margins and are one bad year away from getting a call from a vulture. It's horrifying ... I think it's my next career move actually -- it's so damn easy and the money is just insane. Either that or House of Lies consulting. Straight and narrow is for suckers.
EFC definitely doesn't leverage its assets well enough and are therefore a prime candidate here. It doesn't mean the new owners will destroy everything of course (that doesn't make sense) but if they're looking at it through that lens then they are in it ONLY for the money.
If you guys want a billion dollar US equity firm to come in and buy the business I can have three more knocking on Bill's door tomorrow morning but they all want the same exact thing and none of them would be good for us.
- Status
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