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

[davek]

Bill and his mates in financial mess shocker.

I wonder how long it'll be until the usual crew pipe up and defend this economics of the mad house? They'll no doubt say the board are being creative and sensible.

Lol!

 

[daz4matty]

Bill and his mates in financial mess shocker.

I wonder how long it'll be until the usual crew pipe up and defend this economics of the mad house? They'll no doubt say the board are being creative and sensible.

Lol!

I think they have left town now reality has hit.

 

[davek]

I think they have left town now reality has hit.

They always turn up. They'll say we'd be worse off with a foreign fly by night owner and point to a few examples.

*chuckles*

 

[neonleon]

This is scary. I can't believe that people still support kenwright as he sends this club into oblivion.

Just a couple of thoughts on the debt we have. How much was run up by wages and how much of it was interest on loans that where taken out to buy the club or loans to pay that interest. And was it a leverage buy out by Kenwright in everything except name. He says he has never taken a penny from the club but the club has to have paid the interest on loans he took out to buy the club.

And the reason the board will not put a penny into the club is because it's a failing business and it's better to just asset strip.

For those who think he saved us from Johnson need to remember he was on the board and said nothing. I think we can take the agent Johnson moniker of him and say "job done agent Kenwright"

The board would sell Baines, Jags, Heitinga, Fellaini, Cahill, Rodwell, Barkley, Bily, Coleman and Saha if they were in the process of asset stripping.

Over 100 million there. Then sell the club on for whatever and you're quids in. This is not what the current board are doing. Although if we sold it to the first shyster full of promises to come along (see portsmouth) this is highly likely to happen. I can see no other way for an investor to make profit from EFC at the moment, unless he or she is willing to invest hundreds of millions with little chance of ever getting it back.

 

[ricardobee]

Isn't mortgaging our future tv income more commonly known as "doing a Leeds"? except they did it to try and remain in the champions league, we're doing it to remain in the premiership.

That is grim, grim reading. We're hamstrung forever unless we sell off the crown jewels.

 

[DualityNSNO]

If i had 1 billion I would definitely buy Everton.

I wouldn't. I'd just invest a lot, really.

 

[neil999]

if you did buy them, is there anyone here who WOULDNT register themselves and put themselves on the subs bench?!

 

[davek]

The board would sell Baines, Jags, Heitinga, Fellaini, Cahill, Rodwell, Barkley, Bily, Coleman and Saha if they were in the process of asset stripping.

Over 100 million there. Then sell the club on for whatever and you're quids in. This is not what the current board are doing. Although if we sold it to the first shyster full of promises to come along (see portsmouth) this is highly likely to happen. I can see no other way for an investor to make profit from EFC at the moment, unless he or she is willing to invest hundreds of millions with little chance of ever getting it back.

As sure as night follows day....

They cant help themselves. *sigh*

 

[BlueLlama]

If we are comfortably palced come Xmas i think we can safely say DM wont be getting the Arteta money to spend. We will hear how the current squad is the strongest etc etc and then someone else we be sold.
Should we be down in the brown stuff then we might gamble a bit based on the fact that it is in our financial interest to stay in the Prem.
Very depressing stuff, no light at the end of the trunnel is there?

 

[ricardobee]

The light at the end of the tunnel is actually a tunnel fire.

 

[neonleon]

As sure as night follows day....

They cant help themselves. *sigh*

Here we can see Davek failing to either:

1. disprove my assertions or engage with the point of my last post.
2. Explain why I am mistaken, using evidence, facts, statistics etc.
3. Come up with a counter argument or supporting evidence to question my assertions.
4. Contradict me in any, even remotely, factual way.

In fact his post is completely meaningless because its not even transparent what he is referring to. Presumably the bold, the emoticon and the legend, As sure as night follows day...means he is cynical that this would happen. Perhaps this is what he means although he skirts the issue of how many egregious new owners there have been and how unlikely it is for any investor in Everton – faced with debts, a new stadium requiring finance, investment in the squad, a global recession and the outlay to buy the club in the first place – to ever make a profit out of the club without asset stripping it.

It's Bill asking for loads of money, this is the reason the club hasn't been sold, according to your logic, isn't it? Not that EFC represents a really poor investment opportunity (which is the truth).

As for, they can't help themselves. I don't know whom the 'they' refers too. Non-BU supporters? Potential new owners? Forum members, such as my myself?

Most of the anti-Kenwright posts are like this. A few emoticons followed by a perfunctory dismissal of your arguments with some poorly articulated gnomic utterance that illustrates the emotion but not the logic inherent in your position. I see you've added a sigh in asterix. Bless. How about a few pictures comparing Kenwright to Mussolini while you are at it?

Perhaps you can explain how an investor/new owner(s) can make money out of EFC compared to any other business opportunity? Then we'd be getting somewhere.

It may just turn out that contrary to the emotions of fans, there just isn't a queue of legitimate business people who see EFC as a great investment at the moment.

 

[davek]

Here we can see Davek failing to either:

1. disprove my assertions or engage with the point of my last post.
2. Explain why I am mistaken, using evidence, facts, statistics etc.
3. Come up with a counter argument or supporting evidence to question my assertions.
4. Contradict me in any, even remotely, factual way.

In fact his post is completely meaningless because its not even transparent what he is referring to. Presumably the bold, the emoticon and the legend, As sure as night follows day...means he is cynical that this would happen. Perhaps this is what he means although he skirts the issue of how many egregious new owners there have been and how unlikely it is for any investor in Everton – faced with debts, a new stadium requiring finance, investment in the squad, a global recession and the outlay to buy the club in the first place – to ever make a profit out of the club without asset stripping it.

It's Bill asking for loads of money, this is the reason the club hasn't been sold, according to your logic, isn't it? Not that EFC represents a really poor investment opportunity (which is the truth).

As for, they can't help themselves. I don't know whom the 'they' refers too. Non-BU supporters? Potential new owners? Forum members, such as my myself?

Most of the anti-Kenwright posts are like this. A few emoticons followed by a perfunctory dismissal of your arguments with some poorly articulated gnomic utterance that illustrates the emotion but not the logic inherent in your position. I see you've added a sigh in asterix. Bless. How about a few pictures comparing Kenwright to Mussolini while you are at it?

Perhaps you can explain how an investor/new owner(s) can make money out of EFC compared to any other business opportunity? Then we'd be getting somewhere.

It may just turn out that contrary to the emotions of fans, there just isn't a queue of legitimate business people who see EFC as a great investment at the moment.

All that effort spent deconstructng my post to make your point. I dont have to set forth a battery of information to make mine - I'll just let you and others struggle to make the distinction between the potential threat posed by carpet baggers taking over Everton and the continued destruction of the financial base of the club by Bill and his unholy band of brothers.

*waves goodbye to season 2012/13 tv revenue*

 

[neonleon]

All that effort spent deconstructng my post to make your point. I dont have to set forth a battery of information to make mine - I'll just let you and others struggle to make the distinction between the potential threat posed by carpet baggers taking over Everton and the continued destruction of the financial base of the club by Bill and his unholy band of brothers.

*waves goodbye to season 2012/13 tv revenue*

Looks like we had one load of mortgages removed to be secured by another, losing two years worth of TV money in the process. Not good by any stretch of the imagination but this kind of financial plate spinning has been going on for years now (not that it excuses it). We can't raise prices as that's unsustainable. We are forced to sell players if no credible investors or new owners emerge.

It's just reality. I don't doubt the club could be managed better same as I don't doubt it could be managed much worse. I just don't believe there's a multitude of investors and potential new owners waiting to buy the club if only BK (or Green etc) would drop the price or sanction the deal. Neither do I believe we are asset stripping the club. We've lost some assets, but we could be in a position like Pompey were the whole squad had to be sold in one transfer window to pay debts.

Current problems are exacerbated by the global recession and banks calling in debts and overdrafts. As far as debts go, we aren't in that much trouble.

 

[Sheedy's Third]

Same old same old ....Board and Kenright out and ......errrmmmm then what?Do you care?Or do you just want them out ?Will anyone do as long as they go?But then what would you do Davek?Were would you channel your pointless,endless moaning. It´s always the same dull, pointless ,toothless story. We´re doomed,the sky is falling ,or is it the grass is always greener?Protesting outside the ground . Rediculous behavior for any Evertonian.Lets just force the club into crisis .Then when it all comes tumbling down Davek et al can finally say "I told you so."

 

[mjohn06]

The board would sell Baines, Jags, Heitinga, Fellaini, Cahill, Rodwell, Barkley, Bily, Coleman and Saha if they were in the process of asset stripping.

Over 100 million there. Then sell the club on for whatever and you're quids in. This is not what the current board are doing. Although if we sold it to the first shyster full of promises to come along (see portsmouth) this is highly likely to happen. I can see no other way for an investor to make profit from EFC at the moment, unless he or she is willing to invest hundreds of millions with little chance of ever getting it back.

Your right we do have a 100 million worth of talent which will be sold off over the next couple of years to maintain the yearly payments to Earl and Green. Asset stripping dosen't have to happen in six months it can take 10 to 15 years.
Remember this board has given Moyes nothing to spend in 10 years when you add it all up and invested nothing of their own money. If we didn't have the talented Mr Moyes or Kirkby had come in, this board would have sold what was left and be long gone.