The Peter Johnson Years 1994-1998

[nsno-chris]

Arteta was being valued at at least 20 million the summer before. Arsenal got an absolutely brilliant deal through getting him at 10 million, he was worth far more imo. Everton needed to sell Arteta to appease the banks. You are seriously naive if you think Everton hadn't already agreed the fee with Arsenal. The 'transfer request' is used so that the player doesn't get his loyalty bonus, and it is also used as a way of appeasing fans. Arsenal took the piss that day, they knew that Everton were in no position to bargain and that we had to sell to balance the books.

The quality of the deal and/or the player being sold isn't the issue, it's the fact that players have HAD to be sold in order to balance the books and appease the banks because we had spent beyond our means. Which is exactly the same thing as what Peter Johnson has been so vilified for. Rodwell was sold to cover our annual loss.

Are you really trying to pass off Joau Silva and Magaye Guaye as frst team players? If you are then can you tell us whether you consider them to be inferior or superior to the likes of Carl Tiler, John Spencer and Mitch Ward?

I think you might be confusing me with someone who is a fan of Peter Johnson? I am not surprised that he was serving his own interests whilst simultaneously injecting cash into the club through a share issue, nor do I consider it to be the biggest crime in the world. My point is that Kenwright and Johnson's tenures at Everton have been remarkably similar in a number of ways. I think they are both as bad as each other.

Remember Peter Risdale and Leeds??? Thats what almost happened with us under Johnson, his business practices were completely flawed to the point it almost bankrupt the club. I know its hard to understand because people just think that the rights issue was away of putting a cash injection into the club, when in fact it was a quick fix to the balance sheet, its a way of hiding the truth. All sales were underwritten against outside influences, if they failed the lending ability of the club was ruined, our problem was they did fail. Johnson tried to hide is mistake, it got to bad and he sold assets, the crowd turned and he walked away instantly leaving us with a debt

Now Kenwright tried to go the other way, first off he bolloxed everything up with NTL which added to 'manageable' debt; a stupid mistake which we are still paying for. What Kenwright has done compared to Johnson is that he has removed assets from the club (i.e. outsourcing etc) to face up to the debt, instead of trying to bury it.

They are both awful Chairmen, but we edged closer to the edge with Johnson than you can ever imagine.

And no I wasn't trying to pass Silva and Guaye off as first team players, i was just being an arse and trying to prove a point ;-)

 

[Chang Elephant]

John Collins was bought in under Peter Johnson.

So your not making much sense at all.

Who gives a flying one who bought him. You said there was a fire sale but Kenwright sold him. Retard.

 

[Chang Elephant]

The rights issue enabled the Johnson to avoid the mandatory bid provisions of the Takeover Code. Businesses normally use rights issues to pay down debt and use it has quick fix for balance sheet which is trouble.

The man was worth £150m but he used Park Foods, Everton FC and other has collateral against any purchases, literally underwriting our sales and putting our financial performance against the sustainability of performance of these companies. It went tits up, he cut his losses and went.

He gambled with our future, our existence and it almost went very wrong

Absolute crap.

 

[Chang Elephant]

The rights issue enabled the Johnson to avoid the mandatory bid provisions of the Takeover Code. Businesses normally use rights issues to pay down debt and use it has quick fix for balance sheet which is trouble.

The man was worth £150m but he used Park Foods, Everton FC and other has collateral against any purchases, literally underwriting our sales and putting our financial performance against the sustainability of performance of these companies. It went tits up, he cut his losses and went.

If I owned this site I'd ban you for spouting complete bollocks passed off as truth. misleading the more gullible on here

 

[lmurkder]

Who gives a flying one who bought him. You said there was a fire sale but Kenwright sold him. Retard.

There you go again. You're obsessed with mentioning Kenwright.

Like you have tourettes or something.

'Kenwright'

'Kenwright'

'Kenwright'

 

[milkshock]

Johnson would not have tolerated 4 years of murder under Walter. He fired Royle a year after he won the cup FFS.

He was hounded out by a certain section of fans obsessed with the fact that he once had a Liverpool season ticket.

 

[chicoazul]

Royle resigned mate.

 

[nsno-chris]

If I owned this site I'd ban you for spouting complete bollocks passed off as truth. misleading the more gullible on here

Please tell me how any of that is bollocks.

 

[school_of_science]

The Johnson era can be summed with his deals with 3 goalkeepers.

He bought Simonsen for a record for a teenage keeper £3million from the other club he owned and ripped himself (everton) off and got himself (Tranmere) the deal of the century in one move.

He arranged to meet Martyn to discuss a deal, kept him waiting for hours didn't meet him and his Secretary gave him directions to elland road to sign for them.

He then agreed a deal for Myhre where we paid 200k after each 20 games (or something similar) and we were so skint that we couldn't play him.

He was in charge of the missed opportunity, he took us from one of the big 5 when the premierleague was formed and as United, Arsenal and even Newcastle were going global we built a corner shop and built up unmanageable debt.

He bought the club via a rights issue, squandered the money, built up debt, crippled the club and opened a chasm between us and our rivals and in return sold his shares to get his money back for his failure rather than giving a rights issue so the new owners didn't get the same cash injection to fix his mess.

 

[Neiler]

Remember Peter Risdale and Leeds??? Thats what almost happened with us under Johnson, his business practices were completely flawed to the point it almost bankrupt the club. I know its hard to understand because people just think that the rights issue was away of putting a cash injection into the club, when in fact it was a quick fix to the balance sheet, its a way of hiding the truth. All sales were underwritten against outside influences, if they failed the lending ability of the club was ruined, our problem was they did fail. Johnson tried to hide is mistake, it got to bad and he sold assets, the crowd turned and he walked away instantly leaving us with a debt

Now Kenwright tried to go the other way, first off he bolloxed everything up with NTL which added to 'manageable' debt; a stupid mistake which we are still paying for. What Kenwright has done compared to Johnson is that he has removed assets from the club (i.e. outsourcing etc) to face up to the debt, instead of trying to bury it.

They are both awful Chairmen, but we edged closer to the edge with Johnson than you can ever imagine.

And no I wasn't trying to pass Silva and Guaye off as first team players, i was just being an arse and trying to prove a point ;-)

Finally someone who speaks English. Great and accurate objective post mate.