Chang Elephant
Forum God
Share transactions, even at Everton, are not buy now pay later.
<awaits next cunning* attempt to avert the suspicion of incompetence rapidly gathering around this board>
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Share transactions, even at Everton, are not buy now pay later.
<awaits next cunning* attempt to avert the suspicion of incompetence rapidly gathering around this board>
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BlackToffee
Guest
While this pointless anti board wankfest is continuing I'm thinking of learning serbo-croat.
Until they come up with a way of selling the club to a non existent investor I think the serbo thing is the best I can do.
i would love to understand the loyalty of some people on here to this board, and BK in particular,
just because we have not gone bust?
just because he employed moyes?
and this is supposed to make up for all the cock ups and bad decisions they have made?
the lies that cost us Kings dock?
the disaster that was Kirkby?
we laugh at the Rs and the mancs, the way they act against owners, i find the way some on here kowtow to this shambles of a board no laughing matter.
just because we have not gone bust?
just because he employed moyes?
and this is supposed to make up for all the cock ups and bad decisions they have made?
the lies that cost us Kings dock?
the disaster that was Kirkby?
we laugh at the Rs and the mancs, the way they act against owners, i find the way some on here kowtow to this shambles of a board no laughing matter.
Chang Elephant
Forum God
Nah, this diversion just won't do it. Make something up, like the NTL deal being a rumour, or we'd have given them the shares pre payment. 3/10
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BlackToffee
Guest
Seriously, catching up on visual basic 2010 is much sexier, really.
There's even a procedure in it where it reiterates the same stuff again and again, again, again, again......
Come up with something different then I'll engage, in the meantime, carry on with the wankfest...at least you enjoy it.
taken from another thread, succinct and on the money.
Here's my take on that bollocks...
First of all it does not break down the fact that we have no assets left because of this administration, other than the squad, and it does not (for obvious reasons of space) break down the conditions an repayment charges of the loans and various financing deals we have.
It doesn't for example take into account the fact that we have used Goodison as security and remortgaged it 2 or 3 times meaning that we don't actualy legally control the land around it, meaning we can't press on with the Everton Place development behind the Park End and compete.
That incompetence has not been pointed out as it is an overall flat look at debt and wages versus income.
Everton is ran as a tight ship and it doesn't look as bad as other clubs, because it has to be. Other clubs can run up more debt because they have assets and enviable lines of credit. The banks give us no choice and effectively in the summer you will see that our transfer policy will be dictated by a kind of "soft administration" (which means not that the club will go into administration, but that the banks will administer debt repayment by forcing the club to sell assets, which is the squad as we have NOTHING else).
The most disturbing thing to me is not that we won't be able to afford additions to the squad unless we sell, that is just a fact of life we will have to live with until new ownership....it is that this board cannot get a line of credit for capitall investment projects, meaning that we are reliant on a retail led cheap, mid range stadium option going forward, OR NOTHING!
This board is treading water. The club is rumoured to be having to pay 10 million to the banks this summer and will have to sell (the soft administration that will avoid insolvency I was talking about). Already we've got out next player-manager laying down the smooth rap on Kenwright and co's behalfs about how we're going to have to sell and the Echo having been banned from Finch Farm for a few weeks is now fully compliant. We're getting the usual managed lowered expectations stories coming out and this will increase over the summer.
This club has been mismanaged for a generation by complete incompetents who have fouled up every single opportunity for investment, any decent business plan and two groundmoves. It's business model is totally unsustainable (see Bill Kenwright - "We can't go on like this, we need a billionaire". We have ZERO capital assets left and it is even a possibility that we would get nothing from flogging Goodison if we moved due to the securitisation on it.
....yet some people STILL want these people in charge.
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Here's my take on that bollocks...
First of all it does not break down the fact that we have no assets left because of this administration, other than the squad, and it does not (for obvious reasons of space) break down the conditions an repayment charges of the loans and various financing deals we have.
It doesn't for example take into account the fact that we have used Goodison as security and remortgaged it 2 or 3 times meaning that we don't actualy legally control the land around it, meaning we can't press on with the Everton Place development behind the Park End and compete.
That incompetence has not been pointed out as it is an overall flat look at debt and wages versus income.
Everton is ran as a tight ship and it doesn't look as bad as other clubs, because it has to be. Other clubs can run up more debt because they have assets and enviable lines of credit. The banks give us no choice and effectively in the summer you will see that our transfer policy will be dictated by a kind of "soft administration" (which means not that the club will go into administration, but that the banks will administer debt repayment by forcing the club to sell assets, which is the squad as we have NOTHING else).
The most disturbing thing to me is not that we won't be able to afford additions to the squad unless we sell, that is just a fact of life we will have to live with until new ownership....it is that this board cannot get a line of credit for capitall investment projects, meaning that we are reliant on a retail led cheap, mid range stadium option going forward, OR NOTHING!
This board is treading water. The club is rumoured to be having to pay 10 million to the banks this summer and will have to sell (the soft administration that will avoid insolvency I was talking about). Already we've got out next player-manager laying down the smooth rap on Kenwright and co's behalfs about how we're going to have to sell and the Echo having been banned from Finch Farm for a few weeks is now fully compliant. We're getting the usual managed lowered expectations stories coming out and this will increase over the summer.
This club has been mismanaged for a generation by complete incompetents who have fouled up every single opportunity for investment, any decent business plan and two groundmoves. It's business model is totally unsustainable (see Bill Kenwright - "We can't go on like this, we need a billionaire". We have ZERO capital assets left and it is even a possibility that we would get nothing from flogging Goodison if we moved due to the securitisation on it.
....yet some people STILL want these people in charge.
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Can we just put either KenISRIGHT or KenWRONG as our signatures and have done with it?
Are we Wright or Wrong today.
TheFinnFan
Finners
lets not play with the thing called mutiny
Ako te pojebem u guzicu majki æeš na grobu govoriti kako ti je lepo bilo
kenada_blue
Welcome to Barcelonaton FC
Aint it true we could've bought eden hazard last season? Or one of the lads like defour that fellaini knows but cos we are skint it never went anywhere? Lcab or tht mentioned this in January....
Add that to the board masterstrokes
Add that to the board masterstrokes
neonleon
Player Valuation: £35m
I could've bought Everton and then bought Messi and Aguero and Fabregas etc. But cos I was skint it never went anywhere.
Sorry lads.
neonleon
Player Valuation: £35m
Say what you like about Kenwright but if you'd ever stood next to him at the urinals you'd know he's pretty talented in one department.
Within close circles he's known as KENWANG.
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