club up for sale for 100 million?

[TX Bill]

Bill paid roughly £850 per share when he was part of True Blue Holdings. He's got 9000 of them. Under £8M he paid or borrowed from the bank for his shares. By the above calculation, he's now looking for roughly £33M for all his good work: selling all the fixed assets, knocking back the Kings Dock, trying to punt Everton out to Kirkby, increasing debt to levels banks are wanting to kill us.

What a nice man.

Ok, I'll bite.

How much do YOU think he should realistically receive for selling the club?

 

[The Esk]

Ok, I'll bite.

How much do YOU think he should realistically receive for selling the club?

Bill, he should receive exactly the same price every other shareholder receives - there's not a shareholder in the Company who does not want the highest possible price !

 

[TX Bill]

Bill, he should receive exactly the same price every other shareholder receives - there's not a shareholder in the Company who does not want the highest possible price !

Well those are my thoughts as well but I'm perceiving that some thing he should just sell at some totally unreasonable number (well below what he paid) to get the club into the hands of another owner.

Those people don't inhabit the real world.

 

[Goat]

Ok, I'll bite.

How much do YOU think he should realistically receive for selling the club?

£35m.

 

[TX Bill]

£35m.

If that is at or above what he paid for his shares of the club, then I'd say that's along the lines of "reasonable."

 

[Goat]

If that is at or above what he paid for his shares of the club, then I'd say that's along the lines of "reasonable."

I wish to review my postion.

I thought he owned 26k, but he owns 26%.

He paid around £800 a share, I recall that they are now selling for around £1400 a share.

So I make that

9000 x £1400 = 12.6m

 

[Chang Elephant]

Bill paid roughly £850 per share when he was part of True Blue Holdings. He's got 9000 of them. Under £8M he paid or borrowed from the bank for his shares. By the above calculation, he's now looking for roughly £33M for all his good work: selling all the fixed assets, knocking back the Kings Dock, trying to punt Everton out to Kirkby, increasing debt to levels banks are wanting to kill us.

What a nice man.

Well Dave he is a "rich businessman" and many on here feel he's therefore entitled to whatever profits he can make on the asking price irrespective of the damage this is causing to their club ....because he's a businessman.

Even though most businessmen can only profit by improving the performance of the business they own/manage, Bill is even allowed a boys pens pass on this.

"Well done Bill, take the money, we're lucky you owned the shares when Sky pumped the money in"

 

[whiteshadow]

Villa got bought by Lerner for 62.6 million in 2006.

Factoring in the fact that Villa are a team from the 2nd largest city in the country and I'd say £100m is overpriced, especially as I don't believe Villa were in debt at the time.

 

[davek]

Ok, I'll bite.

How much do YOU think he should realistically receive for selling the club?

Well, it's a complicated matter for Bill. BK is proud about his not taking a red cent out of the club, so I'd expect him (a very wealthy man, by the way) as custodian of Everton to not want to exploit the situation. Obvously, when the time comes to sell, he cant take less than the other shareholders, but if he's put in £8m then he should be looking to take away whatever £8M looks like now adjusted for inflation over the past dozen years. Maybe he could ask future owners if could reinvest his surplus into the club; or donate that amount to improving the academy so it's helping out whoever comes in to shoulder the burden of debts and a stadum that needs sorting out. It's for his conscience at the end of the day. If he's honest about saying that the club governs everything else in his existence I dont think that would be too much to ask.

 

[CahillsCornerFlag]

Just got off the phone to Bill, my offer of 2 lion bars and a deluxe copy of Les Miserables was rejected, as the inside sleeve containing the lyrics was dog eared slightly. Sorry all.

 

[Allezfan]

Bill, he should receive exactly the same price every other shareholder receives - there's not a shareholder in the Company who does not want the highest possible price !

If I buy something then, yes, I want to sell it for a profit. But if it's become damaged in my care then I'm not going to be able to do that. You don't often sell a car far more money than you paid for it. And Everton have a huge debt now, and the gap between us and the top clubs has grown bigger due to the injection of money at the top level so it's a less attractive prospect to buy us now then it was when Kenwright bought us.

Now Kenwright can either stick to his asking price and make a huge profit (if he can find someone willing to meet it, which he hasn't in around about five years which should hint that it's not a realistic price) or he can bit the bullet, realise that he's not going to se;l at that price and take what money he can and chances are he'll at least get his money back.

Now it's entirely up to him what he decides, but if his concern is about his profit then he should stop telling everyone that his only concern is what's best for the club. I don't mind him wanting to make money but if he is then he could at least be honest about it.

 

[BlackToffee]

So £100m is required for the shares in Everton Football Club
£40m is required to pay off the debt
£100m minimum is required to invest in the squad
£250m is required for a new stadium

In the current investment climate which investor is going to put up £500m to buy Everton? Realistically there are very few potential investors, and why would they pay such a premium?

The current campaign by Blue Union whilst admirable in its objective is perhaps not so realistic in its assessment of the chances of success. Here lies the danger of de-stabilising the club more, yet not being able to provide the solution desperately needed.

The interesting thing about the discussions so far is that some people have moved from discussion the price for Bill's shares, rather than the price of the club. My minimum price would have been around £80m for the club alone and my maximum would be £120m, any more is taking the piss.

It does depend on how any new owner wishes to organise the clubs finances, but the figures above are good ball point figures. Which is why the best type of owner for us is more likely to be a consortium of millionaires as with the RS rather than a mythical billionaire. Not read the story but unless someone has obtained this private prospectus, its likely to be as much a quess as we are doing now.