Everton Fans Conference 2012 Tonight Recap - Elstone, Jags, Baines, Sharp

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I like Elstone

Robert-elstone.jpg


Just look at that face. Dreamey
 
It was more than simply just threatening to repeatedly call EGMs (which causes great disruption and is expensive) though. The dissenters wanted to change the voting system from one vote per share to one vote per shareholder so that the more numerous minority shareholders could run the club instead of the majority shareholders.


They had no choice - have been forced into it.

If I was one of 3/4 people who had spent tens of millions buying something then I wouldn't let a few hundred people who had spent £1,000 each tell me what to do with my investment either,

Yeh fook the fans....... they're only the mugs who turn up week in week and keep the whole ship afloat, in the words of a now defunct tory whip they're "plebs" and need to know their place.

Lets have it straight if the grounds were empty the TV MONEY WOULD EVAPORATE PRONTO.

BK and co would be manning the phones cold calling any fooker who wore blue kex offering as many GMs as they wanted as long as they turned up.

Tail wagging the dog here mate.
 
I see - so let's follow the logic of what you are saying....

Everton have 35,000 shares.

Let's say that someone crazy enough to want to buy us buys up all the shares for say £100m. That is, all but two shares because the two people who bought them ages ago for £1,000 don't want to sell. So he has 34,988 shares.

Under your system the two minority shareholders would be able to tell the fella who has spent £100m what to do because their two votes would outvote his one vote.

It is a patently bollocks idea and is why it does not happen in any business around the world.

You started this bit of posting about holding, and the process of, GMs NOT selling the club.

Kenwright had better get those 30% of shareholders onside though just in case someone wants to buy the club as those people he has managed to shunt up the sidings will kick his plans to sell into the long grass.
 
What did he have to say about the new sky/bt deal?
Its pathetic that our debt hasnt lowered, pathetic.

He said we could have lowered the debt by having a major fire sale selling major players (you know, like Villa have done selling £80m of players over the last 4 years and have only spent about half that since), but we haven't, because Moyes wants to keep everyone if he can and be a top 6/top 4 side. He said the debt isn't being lowered because costs never stay static, we have to try to keep up with our competitors. Money is also extremely tight too. He said as an example, Hitzlsperger signing was drawn out because Kenwright was arguing with Hitzlsperger's agent over how much we should pay him.

About the Sky/BT deal, he said there will be a big increase in money, and in an ideal world, they'd like to use this increase to improve the club, lower the debt, improve the ground more, etc. It all depends on what others are doing, because we don't want to be left behind on the field. He said 'on the field' is the number one priority right now.

Is he? If I was someone who'd let my own house fall into such disrepair I'd been openly telling everyone it was falling down around my ears and I had no chance of moving to anything better, I certainly wouldn't dream of looking smugly over the fence at a neighbour who'd maintained their home but failed to move to a bigger house. It just underlines how bankrupt this regime is that they have the brass neck to do exactly that.

Me and my mate are both skint. I'm going to tell him and everyone else tomorrow that I'm going to buy Buckingham Palace, even though this is total bulls**t. That automatically makes me better, right? Because I have announced a plan, whilst he hasn't? Pretty sure that is Elstone's point. You can criticise/hate someone all you like, but he's entitled to point out the folly of others actions if it's being used as a stick to beat him with.

We can't do anything without investment AND help from LCC. Investment is one thing, a debatable topic, but help from LCC? It's a disgrace that they don't do more for us. You can blame Kenwright and co. all you want, and I'm sure you will, but LCC are clearly favouring LFC, because they bring in the tourists and we don't. They're looking after their revenue makers, whilst we're the poor relations who they tolerate. Not everything in the world is the Kenwright regime's fault, although yes, they have made lots of mistakes.

Nothing will change until we get investment. And again, you can't force someone to buy a football club. As Elstone said, most new owners are driven by ego, and want the ready made package wrapped up in a shiny new stadium. That's not us.
 
It was more than simply just threatening to repeatedly call EGMs (which causes great disruption and is expensive) though. The dissenters wanted to change the voting system from one vote per share to one vote per shareholder so that the more numerous minority shareholders could run the club instead of the majority shareholders.

How were the dissenters going to engineer this change of the company articles btw, given that would require a vote using the current voting procedures of one votes per share.

By gunpoint revolution ?

#bull****
 
How were the dissenters going to engineer this change of the company articles btw, given that would require a vote using the current voting procedures of one votes per share.

By gunpoint revolution ?

#bull****
No change was necessary. Normally it is one vote per share but the articles allow for those calling an EGM to specify whether or not the vote was one vote per share or a show of hands. Grayson and Bennett missed this, didn't get what they wanted in their first EGM and so wanted to call a second to be decided by a show of hands instead. Naturally the majority shareholders put a stop to that.
 
Thanks for the report Bluesinblue,really good report and well put across,for myself i thought the whole occaision by the club should be applauded, appreciating solid evertonians.
For my own opinion its good the club communicate with the fans, and Elstone does seem to give honest answers, even if they are not want we want to hear.
I also thought that the Liverpool "good news" was them actually saying they were not prepared to invest in a new ground.Make no mistake about it Liverpool are in decline.
 
You started this bit of posting about holding, and the process of, GMs NOT selling the club.

Kenwright had better get those 30% of shareholders onside though just in case someone wants to buy the club as those people he has managed to shunt up the sidings will kick his plans to sell into the long grass.
No you started with the idea that it was not democratic for the majority shareholders to have more votes than the minority shareholders. I am merely pointing out the stupidity of that position - no-one in their right mind would buy us if your system of corporate governance was in place. Who on earth would spend £100m and just totally give up control fo their money like that? It is just bollocks.
 
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