The Everton Board Thread (Inc. Bill Kenwright / Blue Union)

[Cena]

I dont want to be unkind, but I think the saying is: 'cap in hand gets kick in teeth'. They take an alternative anti-fume approach - which is interesting like, but they're dealing with people who - if they cant exploit them - will ignore them or worse.

As I say, I dont think it's the way forward. You and I both know what the situation is with Everton supporters. If there isn't a knife at the throat it's a shrug of the shoulders and a bit of a grumble. A game changer might be a bottom half finish or Moyes jibbing it and finally walking out in frustration - the mass frustration would spill over, and, tbh, I dont think we need any vanguard organisation to get rid of kenwright and co when that point arrives.

That point is close, i really believe that. The majority our close to the edge, only a matter of time i reckon until it goes into fume mode

 

[best little spaniard]

That point is close, i really believe that. The majority our close to the edge, only a matter of time i reckon until it goes into fume mode

Put it one way, if we spend less than we make this summer, I will fume.


Spending what we make is fair enough. But as soon as we have to start siphoning money off, is when I will really not be happy.

 

[davek]

Ha ha glad you agree with the rest of my points,

In Johnsons last year in charge mate, turnover was 22mill - with a debt of 20 + mill. Bills first year was 30 mill mark in turnover. Do the maths.

That 20 mill + didnt evaporate into thin air, our current debt and need to take out the securitization deal, was due to True Blue Holdings inheriting 20 mill debt from Johnsons reign. So argueably the current regime have clocked up 20 mill of their own debt over 10 years, + the interest annualy. But they have increased turnover and at the same time we have improved leaps and bounds in terms of PL position annualy and quality in terms of playing staff.

Johnson left at the very end of 1999. You have to look to the 2000 accounts to see the last turnover figures under his regime, which were £28.1M.

Lolling at the £20M debt figure you attribute to the Kenwright regime, btw.

God loves a trier like!

 

[davek]

That point is close, i really believe that. The majority our close to the edge, only a matter of time i reckon until it goes into fume mode

If Fellaini or Baines were sold and we finished bottom half this season it might be a turning point. I detect little appetit for anything other than a big grumble at the minute, tbh.

 

[Cena]

If Fellaini or Baines were sold and we finished bottom half this season it might be a turning point. I detect little appetit for anything other than a big grumble at the minute, tbh.

Yeh i agree at the minute, but i think a Moyes leaving or a major player sale like you say, may be the straw that breaks the camels back. I think it's a matter of time before either/or happens and then that'l be it.

 

[kenada_blue]

Yeh i agree at the minute, but i think a Moyes leaving or a major player sale like you say, may be the straw that breaks the camels back. I think it's a matter of time before either/or happens and then that'l be it.

If we didn't have Moyes wed be like Wigan and scrapping relagation every season, pretty much like the Johnson era, due to how the board works hand to mouth.

Reason why we are not is because of his shrewdness with players and deals. But as you say, how long can it be till all he has left is to sell his key players before he says enough is enough?

 

[kenada_blue]

The key issue that might unite those for and against the board is the issue of sale or investment of the club. If only we could get a broad consensus then we could campaign around that issue in practical terms. What will happen in reality is that we will get hot under the collar, and by the second game into the season, the heat will die down, especially if we are doing well.

I just wonder how many of these internet warriors will do more than bash out missives.

But what if we had the same start as last season? The heat won't die down then.

No matter how misguided or bullish the protests are....its a sign to the board to do something.

I honestly don't think we can have another season with bill in charge after this if we want to break the shackles of being a "almost" team punching above our weight.

 

[Goat]

Im laughing that some fans still think we have debts of only £40m, it would laughable if it wasnt so sad.

 

[thebluefox]

If we didn't have Moyes wed be like Wigan and scrapping relagation every season, pretty much like the Johnson era, due to how the board works hand to mouth.

Reason why we are not is because of his shrewdness with players and deals. But as you say, how long can it be till all he has left is to sell his key players before he says enough is enough?

if we didn,t have moyes ,there would be no kenwright.

 

[Neiler]

Johnson left at the very end of 1999. You have to look to the 2000 accounts to see the last turnover figures under his regime, which were £28.1M.

Lolling at the £20M debt figure you attribute to the Kenwright regime, btw.

God loves a trier like!

Lol thats a stretch mate hahaha!

Lets let people do their own research.

 

[davek]

Lol thats a stretch mate hahaha!

Lets let people do their own research.

Well they better had if you're telling them porkies!


By the way, from the accounts year-on-year net debt/turnover comparison (rounded up/down to nearest million; blue under Kenwright regime):


1993 £4M/£8M

1994 £4M/£9M

1995 £3M/£14M

1996 £15M/£17M

1997 £4M/£19M

1998 £5M/£23M

1999 £16m/£25M

2000 £15M/£28M

2001 £30M/£32M

2002 £28M/£38M

2003 £31M/£47M

2004 £43M/£45M

2005 £20M/£60M

2006 £22M/£58M

2007 £26M/£51M

2008 £38M/£76M

2009 £38M/£80M

2010 £45M/£75M


As you can see, the ratio of debt to revenue isn't better under the Kenwright regime is it?

 

[Neiler]

Think we need some details of the securitisation deals that those clubs have that compare with ours with Bear Stearns (originally before they went bust).....ID's of the loan company, the amounts, dates taken out, and interest rates. I'm finding it hard to believe UTD would need one and if they did that their financial standing would allow them to take one out at terms five times worse than ours.

Educate yourself mate, the internet is your friend.

Id start with Utd debt in google.

 

[Chang Elephant]

I'm off out....shopping with the missus, not golfing.

Just thought you might have some detail based on what you said. Seemed a little unusual that other clubs are paying "five times" the interest we are on "securitisation deals".

 

[The Equaliser]

Well they better had if you're telling them porkies!


By the way, from the accounts year-on-year net debt/turnover comparison (rounded up/down to nearest million; blue under Kenwright regime):


1993 £4M/£8M

1994 £4M/£9M

1995 £3M/£14M

1996 £15M/£17M

1997 £4M/£19M

1998 £5M/£23M

1999 £16m/£25M

2000 £15M/£28M

2001 £30M/£32M

2002 £28M/£38M

2003 £31M/£47M

2004 £43M/£45M

2005 £20M/£60M

2006 £22M/£58M

2007 £26M/£51M

2008 £38M/£76M

2009 £38M/£80M

2010 £45M/£75M


As you can see, the ratio of debt to revenue isn't better under the Kenwright regime is it?

Good work sir , anyone can see from that how Rooney's sale saved his bacon

 

[teppic]

If Baines and Rodwell we sold for 20 million a pop and all the money put into paying off the debt, would people find this unacceptable?

The board seem determined to not put any of their own money into the club and we are sinking year on year.

Clear the debt and bite the bullet over two top players?

This is a nuts idea and should never ever happen, but does the board have any plan to get us out of this hole?

To paraphrase Mony Python, what has Kenwright ever done for us? (except for selling Rooney and putting us in huge debt and trying to move us to Kirkby).