Everton: according to an impartial multi-millionaire

[Matt Damon]

It is if it spends £85m

It depends for how long it spends £85 million.

 

[Matt Damon]

What if it's outgoings are £80M with say £50M debt on top, and the bank has cut off it's credit?

Its still in not as bad a position as Aston Villa. With £120million of debt.

 

[Chang Elephant]

Does my font look good in this ? btw

 

[steken1]

I agree,

 

[steken1]

Its still in not as bad a position as Aston Villa. With £120million of debt.

Good job we don't support them then eh?

 

[Matt Damon]

Good job we don't support them then eh?

Very good job.

 

[Goat]

Its still in not as bad a position as Aston Villa. With £120million of debt.

Aston Villa dont have any debt, stop spreading lies.

 

[Matt Damon]

Aston Villa dont have any debt, stop spreading lies.

* entered into the Vaults.

 

[Goat]

Well I was also talking to a Multi-Millionare and when we started discussing Everton he said to me, "Why do you still support that sh1te, you should do like I do and support whoever wins the League".

Actual true story.

The boy changes his team every week.

 

[Blue_Berry]

You're completely missing the point (and original post).


Disconnect, one of the causes preventing us from generating more money.

I'm not missing the point - I'm disagreeing with it. Please explain how 'disconnect with fans' = unable to generate money. Do you expect the Board to 'connect' with us by giving us a running commentary of what negotiations are being had? Do you believe that will help the investment process, or hinder it? Do you see any other teams doing the same?

I honestly don't know what specifically is preventing us from gaining investment, and it certainly involves Bill being very precious about who our suitors are and probably wanting to realise what he deems to be 'full value' for the club. I guess another point is that he has never done this before - sold a football club - so is inexperienced in this aspect of business. He may or may not be taking on advisers (he bloody well should be), but he's also got his own personal principles and a vision for the club that presumably are guiding his actions.

Either way, it certainly isn't anything to do with the level of communication with the fans.

If anything, his propensity to connect with the fans (eg. Destination Kirby, Fortress Fund, etc) has positively impeded investment because of the noise it has provoked about the club in the public domain.

 

[Reidy's Bottle Of Grecian]

Ignoring the fact that they are already wringing the fans dry, and that it is said that it is the corporate squid that matters.

or has all that about lack of corp. facilities been brushed aside now ?

cos we won't need a new stadium if that's the case.

 

[Blue_Berry]

Unfortunately you need money to create and set up those corporate facilities, so that you can generate more money to re-invest. If there's no money in the first place, you can't start the process.

Now you could argue that this is a business proposition that could be put to an investor (or to a bank as a lender), and that would be a very fair argument - ie. why hasn't that been done / achieved?

Tha management quality of the Board has proven time and again to be poor, and I agree 100% with Matt on his point from another thread that the club's PR is, well, absolutely dire (Hatton etc). But to come back to the original point of this thread, I don't see that the club's parlous financial state is anything to do with 'connection' with the fans. It's mostly just p*ss poor management.

 

[njligernj]

The Glazers seem pretty disconnected from the Man U supporters and they do okay. I don't know that Citeh's owners (or Chelsea) are exactly on the same wavelength as their supporters. I don't deny there is a disconnect -- unquestionably there is a disconnect -- I just don't know if it's a major problem if we had people in charge who were either rich or intelligent (preferably both).

 

[Matt Damon]

The Glazers seem pretty disconnected from the Man U supporters and they do okay. I don't know that Citeh's owners (or Chelsea) are exactly on the same wavelength as their supporters. I don't deny there is a disconnect -- unquestionably there is a disconnect -- I just don't know if it's a major problem if we had people in charge who were either rich or intelligent (preferably both).

That is all ready to kick off again, due to the Singapore share issue. With two tiers of shares, meaning that fans shares have less influence (essentially giving Glazers a free hand and keeping them in power)

Also there wasn't a disconnect, when they were making their charge post 1993. That disconnect only became apparent post - Glazer.