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

[davek]

From the Government Inquiry:

'Committee member Damian Collins, MP for Folkestone and Hythe, said the fact neither the FA nor the Football League knew who owned Leeds was a "fairly shambolic state of affairs". The FA have sent a clarification to the committee admitting they do not know the identities of the people behind the three offshore trusts that own the Championship club. Robertson agreed that the rules should be changed to force transparency of ownership. The minister said: "It's patently absurd that people save up every week to go through the turnstiles and cannot find out who owns the club. It's perfectly reasonable for fans to expect to know who the owners are of their football club and that's something that should be corrected sooner rather than later."'


http://www.independent.co.uk/sport/...lams-running-of-english-football-2274999.html

 

[BlackToffee]

really? who? i know one has stated that they will not invest while BK is in charge, apart from tweedle dee and tweedle dumb i cannot think of anyone else with the financial clout to invest.

I've heard that rumour. Its supposed to have come from Grantchester, but its still an unsubstantiated rumour. My point is that we need more than rumours and a lot of frustrations come from unsupported "logical" rumours or conjectures. There appears to be a near complete lack of facts.

 

[Sharpys top lip]

Kenwright is boss................

 

[davek]

Well documented? source, not conjecture. We already know that Kenwright and Green are good mates. Kenwright has said so. Is this your well documented source? We already know that Green facilitated the purchase of Greggs M15 or wikileaks stuff. Its public knowledge.

Also, the law on ownership is a Premier league law, not a criminal offense. So its got nothing to do with him.

Incidentally, I've just heard some of the proceedings with this forthright MP. Asked directly what he would do to reform the FA, like all politicians he started to um and ah. You'd have more chance of Katie Price jumping on you than the MP doing anything significant. And if Green is acting as a shadow Director, we are agreed, it needs investigating. But proof not conjecture would be useful and you have no proof, which the Daily Post two clearly did not have.

There's more than enough evidence to look into the connections between Kenwright and Green. Earl's offshore BCR vehicle needs investigating to cast light on who exactly is behind it. You'd be naive in the extreme if you didn't think Green was using Earl as a proxy. That's what an Inquiry is for: to get to the bottom of such issues. I think you've got it a bit arse about face: you dont investigate something you know for cast iron certainty to be true.

 

[BlackToffee]

From the Government Inquiry:

'Committee member Damian Collins, MP for Folkestone and Hythe, said the fact neither the FA nor the Football League knew who owned Leeds was a "fairly shambolic state of affairs". The FA have sent a clarification to the committee admitting they do not know the identities of the people behind the three offshore trusts that own the Championship club. Robertson agreed that the rules should be changed to force transparency of ownership. The minister said: "It's patently absurd that people save up every week to go through the turnstiles and cannot find out who owns the club. It's perfectly reasonable for fans to expect to know who the owners are of their football club and that's something that should be corrected sooner rather than later."'


http://www.independent.co.uk/sport/...lams-running-of-english-football-2274999.html

I don't have the source on me, but the rules for the Football League and the Premier League are different. The Football League have stated that they actually have no rules which require a club to identify the real owner. The Premier League have stated that they do have such rules and if Leeds are promoted, they will be required to provide the proof.

Your talking about two different "leagues" with two different rules on ownership disclosure. Best not to confuse the issues.

 

[BlackToffee]

There's more than enough evidence to look into the connections between Kenwright and Green. Earl's offshore BCR vehicle needs investigating to cast light on who exactly is behind it. You'd be naive in the extreme if you didn't think Green was using Earl as a proxy. That's what an Inquiry is for: to get to the bottom of such issues. I think you've got it a bit arse about face: you dont investigate something you know for cast iron certainty to be true.

There is not enough "evidence", you are presenting a prima facie case for further investigation. By your own logic, if the evidence is already there you don't need to investigate. You simply gather that evidence and charge. The fact you have to investigate implies that there is a case to answer, not that there is a proven case. Surely even you know the difference.

Even if he was a proxy, he's a very poor one. He adds nothing to the club (except that brief episode of Stallone), and unless the club is sold (which is what we want) he gets nothing from it. Beside, this proxy (Robert Earl) has his own independent wealth and does not need to rely on Green. Again, conjecture over real facts. Simply not good enough.

 

[Reidy's Bottle Of Grecian]

I've heard that rumour. Its supposed to have come from Grantchester, but its still an unsubstantiated rumour. My point is that we need more than rumours and a lot of frustrations come from unsupported "logical" rumours or conjectures. There appears to be a near complete lack of facts.

when the car park is busy I ALWAYS park in Grantchesters space, anyone that see's me must think he's a right handsome sod.

 

[CahillsCornerFlag]

This has probably already been asked and/or answered but trawling is no fun and you can answer with a simple yes or no if you wish (although I'd take a more in depth answer)

Does Granchester actually WANT to buy/own the club? I don't think I've ever read that he does. All I've heard is that he wont do anything whilst Kenwright is in charge. Which will seemingly be forever.

 

[Silas]

Everything I have heard about grantchester is he doesn't want the stress of owning the club.

 

[Mutzo Nutzo]

This is my take on the whole sorry episode

It's well documented that Green publicly said that he did not want to own a football club back in 2006 - why? simply because he did not want to be controlled or regulated by city financial reporting restrictions. Like a lot of major shareholders in private equity firms they want to own the stock, put someone in the public role to improve the business, and inflate the market value, then sell-off with a nice fat profit from minimal time or business commitment, as most major shareholders such as Green have fingers in many more lucrative pies, that require their full and diligent attention.

In short Green liked the financial opportunity that owning Everton presented but did not want to get involved in the financial/time based dealings of the club...His master-plan was to move to Kirkby, get a shoite stadium part-financed by good ol Terry, and then hawk his shares to the first Asian chicken farmer who wandered past his office. Making a handsome profit for essentially doing f-all. There appears to be complete confusion now within the “Pseudo Board” about what to do next!!! In order to make us more attractive to investors/buyers, he and his chums are gonna have to invest some of their own capital – however the bad bunch of belters are not willing to put their hands in their pockets. This is why we have failed to attract a major investor, and Kenwright can do nothing about it, he is just a puppet.

So going back to 2006 Green pushed Robert Earl forward, and between them they founded BCR Sports, which operates as a holding company

Earl fronts up this "company" that holds Green's shareholding in Everton, with a minimal risk to Green as any downturn or financial irregularities in relation to financial figures could have a knock-on effect to Greens core business the "Arcadia Group", and this in my opinion is the major reason Green has set this whole thing up.
Again it's common practice for Private Equity firms to operate this way, ie set-up a holding company to minimise risk to possible investors.

Another thing you should ask yourself is why if Green was just a friend of Kenwright’s, did he make an emergency dash with Earl on his yacht to the med, just to meet with Keith Wyness, who reportedly was unhappy at the time about "outside influences" on the club? The upshot of this meeting was that Wyness resigned immediately and has since said nothing...that I consider strange - (Pay-off? who knows just another conspiracy theory hey)

I did post this theory originally on kipper, but it got ugly very quickly after that...But I stood my ground and ripped those beauts apart

 

[davek]

There is not enough "evidence", you are presenting a prima facie case for further investigation. By your own logic, if the evidence is already there you don't need to investigate. You simply gather that evidence and charge. The fact you have to investigate implies that there is a case to answer, not that there is a proven case. Surely even you know the difference.

Even if he was a proxy, he's a very poor one. He adds nothing to the club (except that brief episode of Stallone), and unless the club is sold (which is what we want) he gets nothing from it. Beside, this proxy (Robert Earl) has his own independent wealth and does not need to rely on Green. Again, conjecture over real facts. Simply not good enough.

I'll try and be more precise with my language this time....the just cause for an investigation is there: one of the directors hold his shares via an offshore financial vehicle: BCR Sports based in the Virgin Islands. We have no idea who is behind that other than Earl's statement that its his family. We do know that Green has taken a close interest in Everton and introduced Earl to Kenwright to sort the Gregg shares out. In the context of what's been said today about Leeds' situation, all of that merits an inquiry that can provide compelling evidence either way concerning BCR and Earl's (and anyone elses) relationship to it.

 

[davek]

This is my take on the whole sorry episode

It's well documented that Green publicly said that he did not want to own a football club back in 2006 - why? simply because he did not want to be controlled or regulated by city financial reporting restrictions. Like a lot of major shareholders in private equity firms they want to own the stock, put someone in the public role to improve the business, and inflate the market value, then sell-off with a nice fat profit from minimal time or business commitment, as most major shareholders such as Green have fingers in many more lucrative pies, that require their full and diligent attention.

In short Green liked the financial opportunity that owning Everton presented but did not want to get involved in the financial/time based dealings of the club...His master-plan was to move to Kirkby, get a shoite stadium part-financed by good ol Terry, and then hawk his shares to the first Asian chicken farmer who wandered past his office. Making a handsome profit for essentially doing f-all. There appears to be complete confusion now within the “Pseudo Board” about what to do next!!! In order to make us more attractive to investors/buyers, he and his chums are gonna have to invest some of their own capital – however the bad bunch of belters are not willing to put their hands in their pockets. This is why we have failed to attract a major investor, and Kenwright can do nothing about it, he is just a puppet.

So going back to 2006 Green pushed Robert Earl forward, and between them they founded BCR Sports, which operates as a holding company

Earl fronts up this "company" that holds Green's shareholding in Everton, with a minimal risk to Green as any downturn or financial irregularities in relation to financial figures could have a knock-on effect to Greens core business the "Arcadia Group", and this in my opinion is the major reason Green has set this whole thing up.
Again it's common practice for Private Equity firms to operate this way, ie set-up a holding company to minimise risk to possible investors.

Another thing you should ask yourself is why if Green was just a friend of Kenwright’s, did he make an emergency dash with Earl on his yacht to the med, just to meet with Keith Wyness, who reportedly was unhappy at the time about "outside influences" on the club? The upshot of this meeting was that Wyness resigned immediately and has since said nothing...that I consider strange - (Pay-off? who knows just another conspiracy theory hey)

I did post this theory originally on kipper, but it got ugly very quickly after that...But I stood my ground and ripped those beauts apart

This.

 

[Mutzo Nutzo]

I'll try and be more precise with my language this time....the just cause for an investigation is there: one of the directors hold his shares via an offshore financial vehicle: BCR Sports based in the Virgin Islands. We have no idea who is behind that other than Earl's statement that its his family. We do know that Green has taken a close interest in Everton and introduced Earl to Kenwright to sort the Gregg shares out. In the context of what's been said today about Leeds' situation, all of that merits an inquiry that can provide compelling evidence either way concerning BCR and Earl's (and anyone elses) relationship to it.

funny thing about offshore companies registered in the BVI is that company accounts, shareholdings, and financial statements do not need to be disclosed

So my question is why would this type of company have been set-up to manage Robert Earls investment in Everton FC? Why all the smoke and mirrors? In my experience...this type of Company is set-up when you want to limit the risk to the investors who hide behind this framework....once again I ask the question why?

Why didn't Robert Earl simply purchase the shareholding from his Plant Hollywood company framework?

 

[Phenom]

Meh, too many paragraphs to read.

 

[davek]

funny thing about offshore companies registered in the BVI is that company accounts, shareholdings, and financial statements do not need to be disclosed

So my question is why would this type of company have been set-up to manage Robert Earls investment in Everton FC? Why all the smoke and mirrors? In my experience...this type of Company is set-up when you want to limit the risk to the investors who hide behind this framework....once again I ask the question why?

Why didn't Robert Earl simply purchase the shareholding from his Plant Hollywood company framework?

It's dodgy as %$£&.