Blue Lou
Player Valuation: £750k
Fellow shareholder letter
The Directors/Company Secretary
Everton Football Club Limited ("the Company")
Goodison Park
Liverpool
L4 4EL
Dear Sirs
We, the undersigned, being not less than one-fifth in number of members of the company as at the date of this notice REQUIRE you forthwith to proceed to convene a general meeting of the Company for the purpose of
1. Obtaining from the Board of Directors their comments on the financial performance of the club over the past eight years and under the chairmanship of Mr Kenwright and his fellow directors, specifically;
1.1 the effect on the football club of the decision to implement a policy of outsourcing commercial activities.
1.2 the effect and current status of implementing a policy of asset disposal and utilization.
1.3 the current level of debt and the club’s ability to service that debt whilst operating as a football club in the English Premier League.
1.4 the effect of relocating or not relocating in respect of the club’s ability to generate sufficient funds to meet current financial commitments.
1.5 the ability of the board to generate sufficient revenue to enable Everton Football Club to be competitive in a transfer market dominated by wealthy football club benefactors.
1.6 clarification concerning the sudden departure of both Trevor Birch and Keith Wyness from their role as CEO of Everton Football Club.
2. Obtaining from the Board of Directors actual details and a full account of past, present and future investment in the football club, specifically;
2.1 the level of actual investment into the club made by each individual member of the board directors above and beyond their acquisition of shareholding.
2.2 actual details and a full account of the search for additional outside investment undertaken in recent years in relation to the aforementioned financial performance of the football club.
2.3 clarification of approaches made to the board concerning any interest to acquire a major shareholding in the club and also clarification of the board’s interpretation of investment and whether or not the club is genuinely open to offers of external investment.
2.4 the extent of Sir Philip Green’s involvement in Everton Football Club.
2.5 an overview of the financial strategy that the club intends to implement over the next three years in relation to the aforementioned financial performance in recent years
3. Obtaining from the Board of Directors clarification of the situation to secure the services of David Moyes beyond his current contract in light of media statements that Mr Moyes wishes to work at a club that can match his ambition.
4. Obtaining from the Board of Directors further comments on the stadium issue, specifically;
4.1 the benefits of the exclusivity deal that is preventing the club from fully exploring alternative solutions to the stadium issue.
4.2 the concerns raised and potential effects on the clubs business strategy due to anticipated problems with the proposed transport plan at Kirkby which may deter supporters from attending football matches.
4.3 in light of the chairman’s comments that Goodison Park may soon struggle to attain a safety certificate.
5. To have a show of hands to pass a resolution, on receipt of the answers given by the board to the aforementioned questions, in relation to the shareholders confidence in the ability of the board to act in and secure the best long term interests of Everton Football Club.
New EGM Petition
The Directors/Company Secretary
Everton Football Club Limited ("the Company")
Goodison Park
Liverpool
L4 4EL
REQUISITION BY MEMBERS OF EXTRAORDINARY GENERAL MEETING
(Section 303 Companies Act 2006 and Article 10.3 of the Company’s Articles of Association)
(Section 303 Companies Act 2006 and Article 10.3 of the Company’s Articles of Association)
Dear Sirs
We, the undersigned, being not less than one-fifth in number of members of the company as at the date of this notice REQUIRE you forthwith to proceed to convene a general meeting of the Company for the purpose of
1. Obtaining from the Board of Directors their comments on the financial performance of the club over the past eight years and under the chairmanship of Mr Kenwright and his fellow directors, specifically;
1.1 the effect on the football club of the decision to implement a policy of outsourcing commercial activities.
1.2 the effect and current status of implementing a policy of asset disposal and utilization.
1.3 the current level of debt and the club’s ability to service that debt whilst operating as a football club in the English Premier League.
1.4 the effect of relocating or not relocating in respect of the club’s ability to generate sufficient funds to meet current financial commitments.
1.5 the ability of the board to generate sufficient revenue to enable Everton Football Club to be competitive in a transfer market dominated by wealthy football club benefactors.
1.6 clarification concerning the sudden departure of both Trevor Birch and Keith Wyness from their role as CEO of Everton Football Club.
2. Obtaining from the Board of Directors actual details and a full account of past, present and future investment in the football club, specifically;
2.1 the level of actual investment into the club made by each individual member of the board directors above and beyond their acquisition of shareholding.
2.2 actual details and a full account of the search for additional outside investment undertaken in recent years in relation to the aforementioned financial performance of the football club.
2.3 clarification of approaches made to the board concerning any interest to acquire a major shareholding in the club and also clarification of the board’s interpretation of investment and whether or not the club is genuinely open to offers of external investment.
2.4 the extent of Sir Philip Green’s involvement in Everton Football Club.
2.5 an overview of the financial strategy that the club intends to implement over the next three years in relation to the aforementioned financial performance in recent years
3. Obtaining from the Board of Directors clarification of the situation to secure the services of David Moyes beyond his current contract in light of media statements that Mr Moyes wishes to work at a club that can match his ambition.
4. Obtaining from the Board of Directors further comments on the stadium issue, specifically;
4.1 the benefits of the exclusivity deal that is preventing the club from fully exploring alternative solutions to the stadium issue.
4.2 the concerns raised and potential effects on the clubs business strategy due to anticipated problems with the proposed transport plan at Kirkby which may deter supporters from attending football matches.
4.3 in light of the chairman’s comments that Goodison Park may soon struggle to attain a safety certificate.
5. To have a show of hands to pass a resolution, on receipt of the answers given by the board to the aforementioned questions, in relation to the shareholders confidence in the ability of the board to act in and secure the best long term interests of Everton Football Club.
New EGM Petition
