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

Is it time for Change...???

  • Kenwright an the Board out, We need Change.

    Votes: 503 80.0%

  • Im Happy with the way thing are. Kenwright an the Board should stay

    Votes: 126 20.0%
  • Total voters
    629
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Neiler said:
Would doubt it to be honest, there is .7% intrest on many of their loans. Intresting to see payments to directors at 1.112mill.
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True...but it seems a better model for them as they have better prospects than us so, more avenues to grow be filling their 49k stadium, marketting exposure, europe, TV deals etc - their revenue is less than ours but have more going for them. So for the owner to take a gamble on pumping £30million into the club, interest free, and the club does well..he has added value to his club. When he wants to sell, and Sunderland are attractive to buyers, he can ask for his money back, sell his shares in the club and step back in profit or even break even. Now, it may fall on its arse but the point is that they can sell up easier.

We on the other hand cant. We can look at Villa's and Sunderland's finances and go "eeep" but they will never go bust because they have business men at the helm who will strike a deal with the bank/investors/buyers...sell up and get out making the club secure. Look at the RS.

The big problem is what lies ahead. Sunderland have things in place, the RS are the RS (a megabrand) and Villa are still in the top 20 world rich list and they havent even been in the champions league...
 
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kenada_blue said:
True...but it seems a better model for them as they have better prospects than us so, more avenues to grow be filling their 49k stadium, marketting exposure, europe, TV deals etc - their revenue is less than ours but have more going for them. So for the owner to take a gamble on pumping £30million into the club, interest free, and the club does well..he has added value to his club. When he wants to sell, and Sunderland are attractive to buyers, he can ask for his money back, sell his shares in the club and step back in profit or even break even. Now, it may fall on its arse but the point is that they can sell up easier.

We on the other hand cant. We can look at Villa's and Sunderland's finances and go "eeep" but they will never go bust because they have business men at the helm who will strike a deal with the bank/investors/buyers...sell up and get out making the club secure. Look at the RS.

The big problem is what lies ahead. Sunderland have things in place, the RS are the RS (a megabrand) and Villa are still in the top 20 world rich list and they havent even been in the champions league...
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Thats fair enough mate, i have said and maintain, that Learner is an awfull owner and will be found out. Equally Sunderlands financial situation isnt sustainable. If you want a short term thrill for long term pain thats the model to follow, im not for either Sunderlands or Villas models creating a false bubble and drip feeding the club - which is the main will peter out - if you look at each clubs potential for growth you will see they are at their limits in terms of buisness and generating their own cash, infact despite dropping over 50 million Sunderlands attendances are down.

The RS are a fantastic investment, they have a terrific buissness there to be honest when you look at what they can do without debt, their mistake was whats happening midpoint at Sunderland and the skids Villa are hitting - they were victims of levraged buy outs.

Im not against invertment in us - far from it - but creating organic revenue is the only show in town, what Villa and Sunderland are in is an unsustainable bubble.
 
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keverton said:
where are we getting that figure from goat
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Believe its the fixed interest on the Bear Stearns securitisation loan which is 35m to 40m over the 25 year loan term- added to our latest publish debt amount up to May 2010- that fixed interest amount has to be paid I believe regardless of whether or not the loan is settled before the 25 year term is up.
 
Neiler said:
Thats fair enough mate, i have said and maintain, that Learner is an awfull owner and will be found out. Equally Sunderlands financial situation isnt sustainable. If you want a short term thrill for long term pain thats the model to follow, im not for either Sunderlands or Villas models creating a false bubble and drip feeding the club - which is the main will peter out - if you look at each clubs potential for growth you will see they are at their limits in terms of buisness and generating their own cash, infact despite dropping over 50 million Sunderlands attendances are down.

The RS are a fantastic investment, they have a terrific buissness there to be honest when you look at what they can do without debt, their mistake was whats happening midpoint at Sunderland and the skids Villa are hitting - they were victims of levraged buy outs.

Im not against invertment in us - far from it - but creating organic revenue is the only show in town, what Villa and Sunderland are in is an unsustainable bubble.
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If they carry on, yes it's unsustainable....but they'll be savvy enough to reign things in.

No model is perfect. Not every club can be self sustaining, and there are only a select few. In regards to us...we won't get an investor. The club doesn't look like it will bother to self sustain itself with the board. Any massive self originated financial change will take years, maybe a decade.

I think we've left it too late to do anything. We've got nothing to move with or use compared to the clubs mentioned.
 
FinchFarmBlue said:
Believe its the fixed interest on the Bear Stearns securitisation loan which is 35m to 40m over the 25 year loan term- added to our latest publish debt amount up to May 2010- that fixed interest amount has to be paid I believe regardless of whether or not the loan is settled before the 25 year term is up.
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Yep, it's the *gift* that keeps on giving!!

"Other loans include £25,600,000 of loan notes (2009: £26,317,000) which are repayable in annual installments over a 25 year period at a fixed interest rate of 7.79%. The first payment under the agreement was made on 30th September 2002 amounting to £1,588,000 with subsequent annual payments of £2,767,000 (including interest) starting on 30th September 2003."

Thanks Bill.
 
davek said:
Yep, it's the *gift* that keeps on giving!!

"Other loans include £25,600,000 of loan notes (2009: £26,317,000) which are repayable in annual installments over a 25 year period at a fixed interest rate of 7.79%. The first payment under the agreement was made on 30th September 2002 amounting to £1,588,000 with subsequent annual payments of £2,767,000 (including interest) starting on 30th September 2003."

Thanks Bill.
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Our first mistake we should have borrowed far more on the securitisation loan.
 
kenada_blue said:
If they carry on, yes it's unsustainable....but they'll be savvy enough to reign things in.

No model is perfect. Not every club can be self sustaining, and there are only a select few. In regards to us...we won't get an investor. The club doesn't look like it will bother to self sustain itself with the board. Any massive self originated financial change will take years, maybe a decade.

I think we've left it too late to do anything. We've got nothing to move with or use compared to the clubs mentioned.
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At what gain, the buissness isnt growing, the team seems to be hitting the skids, attendances are down, as we know Europa League isnt the crock of gold that gets anywhere near that level captail required. Eventually the owner runs out of fiscal paitence and the club needs to stand on its own to feet, by the time that happens the club has accumalted massive debts. Its exciting i give you that for fans, but its important we dont react to these type of figures with our own frustration, we would never survive this type of model as i beleive others wont. Now if someone wanted to give us money ala City thats different, but yet fundementaly unhealthy.

I have to disagree to be honest self sustainability is the only successfull model in terms of longevity, but it requires investment in growth of infrastructure and there in lies the problem for us.
 
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Neiler said:
At what gain, the buissness isnt growing, the team seems to be hitting the skids, attendances are down, as we know Europa League isnt the crock of gold that gets anywhere near that level captail required. Eventually the owner runs out of fiscal paitence and the club needs to stand on its own to feet, by the time that happens the club has accumalted massive debts. Its exciting i give you that for fans, but its important we dont react to these type of figures with our own frustration, we would never survive this type of model as i beleive others wont. Now if someone wanted to give us money ala City thats different, but yet fundementaly unhealthy.

I have to disagree to be honest self sustainability is the only successfull model in terms of longevity, but it requires investment in growth of infrastructure and there in lies the problem for us.
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I don't think that would ever happen with us. Most teams want that model but you need a starting off point.

We missed our boat to do anything when we qualified for the champs league
 
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