Elstone refusing to allow shareholders who are also Blue Union members into meetings

[Stend]

OK let's pictorially describe the situation using an analogy.


I have one of these:

I publicly tell the world I want to sell my Twix. I invite people to buy it from me.

A fat kid then wants the Twix. He's really hungry, so if need be he'll spend one of these to get it:

I tell him that before he says anything to me, he's got to promise to keep it a secret. He agrees.

So he then offers £1 for the Twix.

I say no outright, because I want this much for it:

The fat kid laughs and thinks I'm joking. But I'm not.

He then decides he's not that hungry after all and goes and buys another chocolate bar for a fair price.



That's pretty much Everton.

To which the fat kid runs off buys someone else's twix and publically mocks the other kid for trying to
Sell something beyond its worth..... Or do you think everyone signs confidentially agreements. It doesn't work like that Tubey. I firmly believe nobody has even made an offer.

 

[D410]

If this was the case the board would have been ousted by potential buyers as not negotiating on a ridiculous price. It hasn't happened and I don't even think we've had one genuine offer.

The board are going to want at least their money back.

minus the debt they loaded onto the club.

 

[Tubey]

To which the fat kid runs off buys someone else's twix and publically mocks the other kid for trying to
Sell something beyond its worth..... Or do you think everyone signs confidentially agreements. It doesn't work like that Tubey. I firmly believe nobody has even made an offer.

In this type of business, yes, absolutely. I myself am bound by about twenty of them. They're common practice.

Everton wouldn't entertain a bid without one, neither would any other club.

 

[Stend]

http://en.wikipedia.org/wiki/Non-disclosure_agreement

If that's the case then so be it. But things like that never stay hidden. Someone will always blow the whistle.

 

[Tubey]

If that's the case then so be it. But things like that never stay hidden. Someone will always blow the whistle.

In which case, nobody would be able to display any documentation to back up any claim, and no newspaper in the land would run with the story, so at best it ends up being a rumour.

And we all know there's been MANY takeover rumours regarding Everton.

 

[Foot Long Hot Dog]

If this was the case the board would have been ousted by potential buyers as not negotiating on a ridiculous price. It hasn't happened and I don't even think we've had one genuine offer.

The board are going to want at least their money back.

Anyone who's got anywhere near the accounts, has had to sign a confidentiality agreement, so unless they wanted to buy the club so badly that they'd be prepared to risk a breach of this agreement, then we'd never hear about their interest.

The board would get their money back within weeks imo if they wanted to sell at anywhere near that level, but they don't, so they still own it & will for some time to come, unless they lower their aspirations in terms of price. It really is that simple.

 

[Ihaters]

This is nothing to do with the BU though is it? This is a small shareholders association asking to have a specific individual, who is a shareholder himself, as part of their committee. The BU did totally burn their bridges with the club, but by Elstone refusing to allow Kelly to form part of shareholders forum, he's scored a massive PR own goal, as it looks like he's running scared of having to have any dialogue that he might find challenging.

The meeting will have many people in attendance, so there can be no misrepresentation of the facts as everything will be minuted & there could be no selective editing of transcripts.

He's chairman of the BU, the BU were set up purposely to oppose the board, they used a meeting to do as much damage to the credibility of the chairman as possible (easy task because he's a tw@), the board now don't want him at their meetings. Still don't see why anyone would expect a different response.

 

[D410]

If that's the case then so be it. But things like that never stay hidden. Someone will always blow the whistle.

Do you not recall your leader telling the media he had over a dozen NDA,s out to buyers.

 

[D410]

He's chairman of the BU, the BU were set up purposely to oppose the board, they used a meeting to do as much damage to the credibility of the chairman as possible (easy task because he's a tw@), the board now don't want him at their meetings. Still don't see why anyone would expect a different response.

Can,t you see we have moved past the BU meeings. We are in a place now that has no referance to that time.

 

[Stend]

Well if that is the case I agree that it's shocking. If they don't want to sell, what are they holding out for - a miracle.

 

[Stend]

Anyone who's got anywhere near the accounts, has had to sign a confidentiality agreement, so unless they wanted to buy the club so badly that they'd be prepared to risk a breach of this agreement, then we'd never hear about their interest.

The board would get their money back within weeks imo if they wanted to sell at anywhere near that level, but they don't, so they still own it & will for some time to come, unless they lower their aspirations in terms of price. It really is that simple.

But nobody has even came out and said they are interested. Not one billionaire or group.

 

[Moomin]

Well if that is the case I agree that it's shocking. If they don't want to sell, what are they holding out for - a miracle.

Not quite a miracle, but a 500% return on a business they have not invested a single penny into, and basically asset stripped it as well.

 

[Foot Long Hot Dog]

He's chairman of the BU, the BU were set up purposely to oppose the board, they used a meeting to do as much damage to the credibility of the chairman as possible (easy task because he's a tw@), the board now don't want him at their meetings. Still don't see why anyone would expect a different response.

It's not the boards meeting though is it? it's the small shareholders meeting. People who are also equity holders in EFC, the fact that one of them has previous in terms of his relationship with the club heirachy, shouldn't be relevant to the small shareholders wanting him as part of their number. If he turned up & was abusive or derailed the meeting etc, then Elstone would have every right to moan, but he's just dodging the man because he knows he'll get a hard time in terms of the depth of questions asked.

 

[D410]

Well if that is the case I agree that it's shocking. If they don't want to sell, what are they holding out for - a miracle.

Well, they hoped that someone with more money than sense wanted to get in on the ground floor but after 13 years it appears that the plan failed.

 

[Moomin]

But nobody has even came out and said they are interested. Not one billionaire or group.

Every working day, there is companies secretly trying to hammer out deals. Who would deal with a company if they publically let everyone know what they were upto it??