FYI: Talksport Everton Special

[Carlito]

Oh yeah I understand that Kenwright is 'Everton' as it were... but as the guys on TalkSport were trying to point out to people who were Tweeting calling Kenwright a monster etc he's not the only major shareholder. Yet the others seem to get under the radar. Earl has nearly as many shares as Kenwright and as far as I can tell does absolutely nothing for the club, it might be different behind closed doors but in the forefront he's contributed nothing. But there isn't a @EarlOut Twitter account or anything.

Makes you wonder why Kenwright invited Earl to buy shares in the club, knowing full-well there was no chance of him investing further.

 

[nsno-chris]

Makes you wonder why Kenwright invited Earl to buy shares in the club, knowing full-well there was no chance of him investing further.

Earl was brought in solely for DK; the same way Gregg would have benefited from Kings Dock. Both men are experts in retail and both would have totally cleaned up if either proposal would have went through

 

[Carlito]

Earl was brought in solely for DK; the same way Gregg would have benefited from Kings Dock. Both men are experts in retail and both would have totally cleaned up if either proposal would have went through

I find it incredible that these successful businessmen were so easily blagged into backing a project which, judging by the result of the planning application, didn't even meet basic legal requirements.

 

[Steve Wigan]

Earl was brought in solely for DK; the same way Gregg would have benefited from Kings Dock. Both men are experts in retail and both would have totally cleaned up if either proposal would have went through

Almost right. Gregg used to buy run down theatres and it was predominately Bills touring versions of West End shows that made Greggs theatres profitable. Thus it was comparitively easy for Bill to sell Gregg the idea of a super stadium. Subsequently when Bill forced Gregg out after Greggs unsuccessful coup, it was (allegedly) Sir Phil Green who brokered the deal for Earl to buy Greggs shares. Again, not difficult for Bill to sell the dream of retail pickings with a stadium in the middle of a retail park! Earl now wants a top return on his investment(possibly because he needs the money?) and this causes Bill an immense problem. I'm sure at this point (or very, very soon!) Bill would be prepared to take a small profit on his shares, but Earl wants top dollar, and I can't hazard a guess were Jon Woods stands in all this...he is a great friend and practical supporter of BK.
Isn't there some sort of rule at Everton that a board member cannot sell shares unless the rest of the board approve the purchaser. If Earl went out on a limb, and tried to sell his own shares, would this 'rule' be tested in court?

 

[magicjuan]

I find it incredible that these successful businessmen were so easily blagged into backing a project which, judging by the result of the planning application, didn't even meet basic legal requirements.

There was an email fought for and released under FOI that showed a secondary deal in
place between Earl and KMBC.
They don't play with a straight deck, even Tesco weren't doing this for a laugh, had they succeeded it would have set a precedent that would have knocked the planning process all over the place.
Everton were ragged, bagged and shagged all over the place over knowsley yet some still aren't willing to see it.

 

[magicjuan]

Almost right. Gregg used to buy run down theatres and it was predominately Bills touring versions of West End shows that made Greggs theatres profitable. Thus it was comparitively easy for Bill to sell Gregg the idea of a super stadium. Subsequently when Bill forced Gregg out after Greggs unsuccessful coup, it was (allegedly) Sir Phil Green who brokered the deal for Earl to buy Greggs shares. Again, not difficult for Bill to sell the dream of retail pickings with a stadium in the middle of a retail park! Earl now wants a top return on his investment(possibly because he needs the money?) and this causes Bill an immense problem. I'm sure at this point (or very, very soon!) Bill would be prepared to take a small profit on his shares, but Earl wants top dollar, and I can't hazard a guess were Jon Woods stands in all this...he is a great friend and practical supporter of BK.
Isn't there some sort of rule at Everton that a board member cannot sell shares unless the rest of the board approve the purchaser. If Earl went out on a limb, and tried to sell his own shares, would this 'rule' be tested in court?

Was once the case with TBH, but don't think it applies after it was dissolved.

 

[davek]

I find it incredible that these successful businessmen were so easily blagged into backing a project which, judging by the result of the planning application, didn't even meet basic legal requirements.

If they'd lodged that scheme now they'd have got it through with these Tory ****s tearing up planning laws and waving on projects.

It's like when the Nazis were defeated a couple of months before they developed the bomb.

 

[magicjuan]

Can you say when this Jain Group interest was?

Its only that I assume it must be pre-2009. Since then there is now way there's money to be made from such a wide-redevelopment of a poor city like Liverpool. There is zero commercial interest and the government has long since stopped handing out big regeneration cheques.

Outside the West End and the City of London you can pretty much buy anything you want for a fraction of what it was before the recession.

If these guys had money to focus on a development project then they'd do what the Chinese, Malaysians and the Middle East investment boards are doing and focus on picking up trophy projects in London, Paris etc and making a killing with next to no risk.

May 2011 iirc

 

[dannyr2811]

I wasn't able to catch this, is there anyway of listening online?

 

[magicjuan]

To just add to the post above before I get ****ged off. I love the city and you couldn't find a prouder man of his heritage. I'm just saying - in business terms - nobody in their right mind would see money to be made from a big regeneration project.
If they did why bother with Everton when you could pick up any part of the city centre, Docks, Peel Holdings' new waterfront project for a fraction of its paper valuation? Same too for any part of regional Uk and it goes without saying anything at all in Ireland.

Before I get slated, and to reply to your question, Peel holdings now have local and national planning permission for a project circa 5bill this side of the water and 19 to 15bill over the water. Money is there for projects, always will be.

 

[nsno-chris]

Almost right. Gregg used to buy run down theatres and it was predominately Bills touring versions of West End shows that made Greggs theatres profitable. Thus it was comparitively easy for Bill to sell Gregg the idea of a super stadium. Subsequently when Bill forced Gregg out after Greggs unsuccessful coup, it was (allegedly) Sir Phil Green who brokered the deal for Earl to buy Greggs shares. Again, not difficult for Bill to sell the dream of retail pickings with a stadium in the middle of a retail park! Earl now wants a top return on his investment(possibly because he needs the money?) and this causes Bill an immense problem. I'm sure at this point (or very, very soon!) Bill would be prepared to take a small profit on his shares, but Earl wants top dollar, and I can't hazard a guess were Jon Woods stands in all this...he is a great friend and practical supporter of BK.
Isn't there some sort of rule at Everton that a board member cannot sell shares unless the rest of the board approve the purchaser. If Earl went out on a limb, and tried to sell his own shares, would this 'rule' be tested in court?

They where both brought in (Earl via Green more nastier, by forcing Gregg out). However, it still does not negate the fact that the expert retail knowledge that both men had and would have cleaned up.

Gregg admitted he had no knowledge of football and, has BK personal friend, sold on the idea about the Kings Dock venture; after all he was the one who wanted it pushed through at all costs (not that there was anything wrong with the project), the guy was on for a massive windfall.

And Earl, via Green, had no intention of investing in Everton. He would have handled the retail side of DK and his return on outlay (or Greens) would have massive if that venture would have went through

 

[BadWool76]

i agree there mate,

He doesn't like blondes though eh

 

[Steve Wigan]

Was once the case with TBH, but don't think it applies after it was dissolved.

Thanks,I wasn't sure.

 

[TheFinnFan]

MJ seems to know his ****
ace

 

[Ratkiller]

There was an email fought for and released under FOI that showed a secondary deal in
place between Earl and KMBC.
They don't play with a straight deck, even Tesco weren't doing this for a laugh, had they succeeded it would have set a precedent that would have knocked the planning process all over the place.
Everton were ragged, bagged and shagged all over the place over knowsley yet some still aren't willing to see it.

I take it that's why earl was dealing with sheena ramsey directly instead of elstone?

Can you say what the secondary deal was?