Takeover bid by Peter Kenyon

[Zatara]

Saw someone quote it a while back.

Hard to see his stock options at GS (where he was CEO?) from 20 years ago not being worth a fair bit now.

Think I was pretty clear that I have zero idea, was just a comment I read on here which means it's highly likely to be nonsense.

I think you’ll find it was £3 Billion ?

He'll be loaded...but i dont see how Esk would be right that hes worth more than Usmanov.

If hes worth say $100-200mil from work...and lets say a huge amount from stock options then thats surely not going to be anywhere near Usmamov.

Maybe close to Moshiri but id be surprised.

I saw that mate. The lad was saying we could write of our FFP - 105 mill over three losses and start from scratch - ive no idea how we could do that - or if we can - i doubt it.

My take is any new owners will still be governed on what they can spend on players, by our current FFP limits. Even if they have billions to throw at us (they wont) they wouldn't be able - so nothing is going to change in the playing recruitment end of things.

They would have to have a huge commercial deal for us up their sleeve - like City.

There’s really no concrete information around their net worth that I can find online, this worries me.

These Yanks are so well connected its ridiculous.

If they are planning to use Everton as a Flagship commercial project to act as a marketing element to all their 'boring' business activities then we'd probably have the worlds best owners.

Seriously speaking these guys look (on paper) like they are the real deal business and connection wise.

If they were anything but American Id be excited.

 

[brieverton]

I saw that mate. The lad was saying we could write of our FFP - 105 mill over three losses and start from scratch - ive no idea how we could do that - or if we can - i doubt it.

My take is any new owners will still be governed on what they can spend on players, by our current FFP limits. Even if they have billions to throw at us (they wont) they wouldn't be able - so nothing is going to change in the playing recruitment end of things.

They would have to have a huge commercial deal for us up their sleeve - like City.

Are there limits on that also? - fair value and such forth? At least there used to be, though it's absolutely nonsensical and ridiculous. City can justify bumper sponsor deals even though most of theirs seem to be with UAE companies in which the state has an interest in, anyway.

We can certainly be run better commercially but it seems there are natural limits on that whilst we perform so badly. Stake.com are another example of the ceiling on this.

 

[Neiler]

But surely it’s about the long game. Do we think this club gets better off the pitch anytime soon?
And just by running the club properly with the right people and an owner not meddling in the running of the whole thing, would be a huge step forward

We're essentially going back to what we were during Bills time, the sums are bigger due to inflation, but we haven't suddenly become a money making machine.

The bigger concern is the landing. You cant just assume that a new regime will come in and nothing will change structurally and we will just be better managed. We have an owner right now we are utterly dependent on, year in year out to write blank cheques - putting in about 200mill a year - who is paying that if hes not here.

In "being well run" by new owners those blank cheques disappear and the short fall comes from somewhere - either selling assets - or debt. We've been very cosseted and to a degree protected in our ownership in living memory.

Id argue that - how do we know they are right people? How do we know if they will run the club properly - given the above - it could be a fire sale or a heaping of debt on the club. They will also definitely meddle in how the whole thing is run -they'd be stupid not to as owners.

The whole run the club better thing - is massively naïve to my mind - no personal offence intended i mean that generally, but - it seems to be the main argument in favour i.e. Looney Moshiri fatigue - hes a loon but hes a loon who writes big massive cheques with no consequence to us - these lads are different - there will be consequences. Our losses aren't just going to disappear over night because we are taken over, and have a new board with snazy titles, the losses still need to be funded - whos paying for that.

 

[Wizard]

I know it's not an exhaustive list but neither is on Forbes' Rich List. I find it hard to believe there would be an American out there worth $10bn+ that wouldn't be on this list.

https://www.forbes.com/billionaires/

 

[Toffeelover]

Cannot say I am keen on this. I have no faith in having Americans take over, for it just seems they are after valuing assets and getting their hand in the till. At Burnley there was something about the Yanks borrowing the money for the takeover and then using the clubs finances/assets to pay it off. They have put no money into the club to finance transfers.

Cannot blame Moshiri for wanting to sell but to what Yanks and how many, think it will be a disaster for our club. Another question out of this who owns the new stadium, and what will happen to the community work in Walton and the future of GP ?

 

[Bluestar]

We're essentially going back to what we were during Bills time, the sums are bigger due to inflation, but we haven't suddenly become a money making machine.

The bigger concern is the landing. You cant just assume that a new regime will come in and nothing will change and we will be better managed. We have an owner right now we are utterly dependent on, year in year out to write blank cheques - putting in about 200mill a year - who is paying that if hes not here.

In "being run" by new owners those blank cheques disappear and the short fall comes from somewhere - either selling assets - or debt. We've been very cosseted and to a degree protected in our ownership in living memory.

Id argue that - how do we know they are right people? How do we know if they will run the club properly - given the above? They will also definitely meddle in how the whole thing is run -they'd be stupid not to as owners.

The whole run the club better thing - is massively naïve to my mind - no personal offence intended i mean that generally, but - it seems to be the main argument in favour i.e. Looney Moshiri fatigue - hes a loon but hes a loon who writes big massive cheques with no consequence to us - these lads are different - there will be consequences. Our losses aren't just going to disappear over night because we are taken over, and have a new board with snazy titles, the losses still need to be funded - whos paying for that.

The losses would be reflected in the sale price. As would any stadium costs that Moshiri is bearing.

I don’t think they would be an issue other than they limit what can be invested no matter who is in charge because of FFP.

 

[Neiler]

The losses would be reflected in the sale price. As would any stadium costs that Moshiri is bearing.

I don’t think they would be an issue other than they limit what can be invested no matter who is in charge because of FFP.

No mate, our losses are annual - thats the problem, your confusing debt and losses. For example, our wage to turnover was 90+% in our last accounts. If Moshiri sells us today, we still have those contract obligations - every year and they are the main driver of our losses.

 

[Axlswhk]

Can we have a poll?
@GrandOldTeam

 

[Kev The Rat]

But Saudis will !

Actually yes, mainly because they dont have the geopolitical ambitions that the Chinese do.

 

[Kev The Rat]

These Yanks are so well connected its ridiculous.

If they are planning to use Everton as a Flagship commercial project to act as a marketing element to all their 'boring' business activities then we'd probably have the worlds best owners.

Seriously speaking these guys look (on paper) like they are the real deal business and connection wise.

If they were anything but American Id be excited.

you know absolutely nothing Zat, as per usual its better you pipe down before you make a fool of yourself

The final straw for me was when you said Russia was going to collapse within a week of sanctions being announced in Feb, on the grounds of Apple Pay being unavailable on the metro..

 

[MrGrumpy]

Man city is funded by a mega rich Arab billionaire as a vanity project. Americans are leveraging.

Can’t believe you didn’t realise that after 77 pages.
@Zatara

Everton have nothing to leverage… our current total income is instantly given bk out to players.
90-95% of all income is taken up by wages.
So buying Everton for that would be pointless as they don’t have any spare cash and almost no sellable assets. We have the stadium but no idea how we are paying for it. The club require money putting in to keep it running till we lower wages and improve income

 

[witchdoc187]

hopefully they will stop building the new stadium and build a megabowl out in Arizona or something for us to play against chinese teams.

 

[neil999]

you know absolutely nothing Zat, as per usual its better you pipe down before you make a fool of yourself

The final straw for me was when you said Russia was going to collapse within a week of sanctions being announced in Feb, on the grounds of Apple Pay being unavailable on the metro..

True, but... didn't you say the Ukraine war would be over in a few days after Russia invading? Can we trust you here, is all Im asking

 

[davids]

We're essentially going back to what we were during Bills time, the sums are bigger due to inflation, but we haven't suddenly become a money making machine.

The bigger concern is the landing. You cant just assume that a new regime will come in and nothing will change structurally and we will just be better managed. We have an owner right now we are utterly dependent on, year in year out to write blank cheques - putting in about 200mill a year - who is paying that if hes not here.

In "being well run" by new owners those blank cheques disappear and the short fall comes from somewhere - either selling assets - or debt. We've been very cosseted and to a degree protected in our ownership in living memory.

Id argue that - how do we know they are right people? How do we know if they will run the club properly - given the above - it could be a fire sale or a heaping of debt on the club. They will also definitely meddle in how the whole thing is run -they'd be stupid not to as owners.

The whole run the club better thing - is massively naïve to my mind - no personal offence intended i mean that generally, but - it seems to be the main argument in favour i.e. Looney Moshiri fatigue - hes a loon but hes a loon who writes big massive cheques with no consequence to us - these lads are different - there will be consequences. Our losses aren't just going to disappear over night because we are taken over, and have a new board with snazy titles, the losses still need to be funded - whos paying for that.

That is the main question, underpinned by Moshiri using his personal wealth or mortgaged to the hilt by new owners?

 

[blueblue]

An interesting time to look at investing in Everton.

The negative is that the time barely escaped relegation and there are questions about FFP.

The positives are the fanbase , where the support of the club and team would be seen as a big asset.
The new stadium already being well underway offers huge earning potential in the future.
Because of Usmanov being sanctioned it may be that Moshiri may be forced to sell for sell than he would like.