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

[kenada_blue]

*claps bill on big screen*

 

[Mvflusk]

He hasn't even been sold yet for ****s sake. Who said this on Merseyside, Dave Kelly?

 

[Sharpys top lip]

Not sure was/is allover twitter and FB.

 

[njligernj]

Would you really, given that the likelihood of making any money back, (the likelihood is you'd hemmorage money and lose a hundred million or so) is next to nothing - short of asset stripping the club (and nobody wants that, although I acknowledge that it kind of looks like that's happening anyway under BK, its nowhere near proper real asset stripping) - invest in Everton. Chances are if you said yes you'll never have that kind of money anyway.

Well chances are nobody will ever have that kind of money no matter how they answer that question.

It's a common misconception that football teams are an investment and that they are run like a business. Neither is true despite the odd outlier (Man U.) which might potentially be used to turn a profit for an investor.

I do agree that Everton is a terrible investment -- I just don't think there are any football teams out there right now which would represent a good investment (unless you wanted to go the asset stripping rout). So unless no team is ever going to be taken over again we're not a horrible choice (and yes I am aware we don't have a new stadium).

high tech medical facilities and some of the league's best rehabilitation facilities

Yeah thanks to those we have Saha and Anichebe healthy and ready to start every game!

 

[thebluefox]

elstone has been on merseyside saying moyes will get the billy money ,is there a B,U meeting tomorrow

 

[Mvflusk]

elstone has been on merseyside saying moyes will get the billy money ,is there a B,U meeting tomorrow

Is there a transfer window open or something? Typical isn't it, allowing transfers around BU meetings!

 

[thebluefox]

Is there a transfer window open or something? Typical isn't it, allowing transfers around BU meetings!

you shagging kenwright lad ,theres a transfer window every fuken jan we never spend a meg thou. open your mince pies

 

[Basil Fawlty]

I'd be more inclined to believe what Foxy said than some kopite hack. Will watch this space though. The board can't be so blind to the fans opinions as they've seemed of late

 

[milks]

obert Elstone is constantly telling us Evertonians that 85p of Every £1 goes towards Finch Farm; the main reason why we are operating on such a tight budget. Regardless of what Finch Farm has at its disposal its still crippling the football club, and why its it crippling the football club?? Becuase our board sold it off for a quick cash injection only to be tied into a long standing lease which is now crippling the club. Im fed up of hearing Bob say '85p in every pound' when it was the CEO's business decision to do this. Would anyone on here seriously buy a car for £5k, spend £2 doing it up and then selling it for £10k only to rent it back over a number of years costing you £35k???? The answer will be no.

The main problem the BU have with this board, CEO and senior management is there incapable ways of promoting the brand, exploring new avenues of income, instead they are more interested in quick fix, fire fighting exercises to balance the books there and then, only to harm us in the long term. This is coming to a head now, club assests are disappearing quicker than that Italian Captain, and the only thing left will be the players, who will soon need to depart to balance book because all our commercially income is tied up or sold off.

Even the Kitbag deal stunk of incompetence; rather than venture into markets and try and make a killing by being commercially savy they have just sold of the rights for a pitence, just to make the budget line of the annual report show a profit, £2.5m a year for PL club is ridiculous. But again, we are tied into this deal for 10 years with no means of growth; Sky Money, Season Ticket money all gone.

No, because your comparisons are way out. Sale and Leaseback is a hugely common transaction within commercial real estate. Very few assets are owner-occupied by enterprise business.

I do agree entirely about the general commercial lethargy. The Kitbag deal is a prime example of a business 'washing their hands' of a revenue stream they don't want to invest time/expense in.

 

[nsno-chris]

No, because your comparisons are way out. Sale and Leaseback is a hugely common transaction within commercial real estate. Very few assets are owner-occupied by enterprise business.

I do agree entirely about the general commercial lethargy. The Kitbag deal is a prime example of a business 'washing their hands' of a revenue stream they don't want to invest time/expense in.

Yes the comparisons are way out, but alot of people don't understand what has gone on with Finch Farm, using the car analogy was the only way i could think of to transmit the message in laymans terms. I do agree with your statement about sale and leaseback, but its different circumstances especially when your CEO is banging on that 85% of the budget is being spent on servicing this arrangement

 

[somuchfun]

Yes the comparisons are way out, but alot of people don't understand what has gone on with Finch Farm, using the car analogy was the only way i could think of to transmit the message in laymans terms. I do agree with your statement about sale and leaseback, but its different circumstances especially when your CEO is banging on that 85% of the budget is being spent on servicing this arrangement

To be fair the .85 for every pound to Finch Farm means in addition to the facility itself the coaching and playing staff.

 

[froggyted]

*claps bill on big screen*

The next time Big Brother appears on the screen he should be soundly booed.

But most fans have been brainwashed by the Machine and wouldn't dare.

 

[milks]

Yes the comparisons are way out, but alot of people don't understand what has gone on with Finch Farm, using the car analogy was the only way i could think of to transmit the message in laymans terms. I do agree with your statement about sale and leaseback, but its different circumstances especially when your CEO is banging on that 85% of the budget is being spent on servicing this arrangement

somuchfun beat me to the punch here. Don't read into this too literally. 85% of our income does not go to paying the rent on Finch Farm or 'servicing this arrangement', more that it's supplementing the salaries and investing in the coaching and development aspects of the club.

I have the particulars for Finch Farm here. It was being remarketed as an investment opportunity at a guide price £15m last year. Not sure if it transacted as I'm out of the property industry these days and have lost touch with many of my contacts. EFC pay approx £1.2m pa and this is paid directly out of the Sky TV revenue to offer a guarantee to the buyer.

 

[froggyted]

somuchfun beat me to the punch here. Don't read into this too literally. 85% of our income does not go to paying the rent on Finch Farm or 'servicing this arrangement', more that it's supplementing the salaries and investing in the coaching and development aspects of the club.

I have the particulars for Finch Farm here. It was being remarketed as an investment opportunity at a guide price £15m last year. Not sure if it transacted as I'm out of the property industry these days and have lost touch with many of my contacts. EFC pay approx £1.2m pa and this is paid directly out of the Sky TV revenue to offer a guarantee to the buyer.

Surely, though, 85% of our income is a crippling amount of our income regardless? It leaves precious little to invest in other infrastructure such as the ground, or new players. You would think the Board would be desperately looking to increase income revenue under the circumstances in order to bring the 85% down. It sounds like a bum deal to me regardless of the quality of the facilities.

 

[milks]

Surely, though, 85% of our income is a crippling amount of our income regardless? It leaves precious little to invest in other infrastructure such as the ground, or new players. You would think the Board would be desperately looking to increase income revenue under the circumstances in order to bring the 85% down. It sounds like a bum deal to me regardless of the quality of the facilities.

Can't disagree with much of this. My concern at the pishpoor commercial management of EFC is all over here. However, given that the playing assets are our most valuable asset, and given that we have a far superior track record than any other club of producing Premier League talent, then perhaps such a high investment in the academy and player training is warranted?

I'd love for us to be able to increase that revenue stream sufficiently to reduce the "85%" figure, but where we are at the moment is telling, and buying cheap and selling high remains the current board's income stream.