The Mail Bag
Thank you, Mr Kenwright
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Thank you Mr Kenwright and for landing us in our current situation. While we scowl at our latest performance and run of inconsistent performances, blaming the players and/or Moyes is just futile. To change a manager (even if we could afford to) is merely treating the symptoms of a more serious underlying problem.
Last year, some argued, "If things are so bad for Moyes, why didn't he speak out?". Well, he has this year... several times. Speaking about our injuries before the Bolton game he said:
"I knew it would happen, but finances dictated what went on in the summer and that was evident in that most of our business was done in the last four days of the transfer window."
Yet some believe our current board are still good for our once great club. Sure it's Moyes and the players that actually go out and win games. But when they're injury ravaged, tired and running low of confidence, what hope do we have when our board can't put ANY money into the pot to help out?
We bemoan a lack of quality football but I can guarantee outside of the top 5, no-one really plays attractive football, it's a fucking myth. Maybe Spurs and Villa play slightly better than us but then again they've spent £60-100M more than us over the last few years... so its expected!
The fact is, this is the watershed year for Everton. Kenwright and Co have talked and talked for several years but always failed to deliver. Our top players (and their agents) are under no illusions about Everton's board and its ambition for the club. I wouldn't be surprised to see Arteta, Pienaar, Yakubu all leave next year. Moyes might not be too far behind too.
Where are you now, Bill? Or do you only come out when we have something to cheer? Take your useless friends and leave our club before we totally implode.
Phil Martin, Posted 26/10/2009 at 08:26:09
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I’m sorry but Everton haven’t had any money for a long period now and the only money we can generate is by either increasing revenue on match day, selling players, or by obtaining better sponsorship. In credit card terms, we are at the limit with no other companies wishing to offer us any other cards.
Everton’s financial state has been clear for while so why is the Chairman to blame when he has been bleating on for years he doesn’t have the financial clout to take us further??? Unless Everton find a new buyer or investor then all we can expect is mid-table at best.
The problem we have is clear: nobody is interested in us because we don’t generate sufficient income to sustain growth or move on to a new stadium or re-condition GP. Get used to Status Quo as this is the best we can hope for.
Bbefore you or any other anti-BK person wishes to slag him off or create a mutiny, you must have a person to take over that has deeper pockets... we have NOBODY INTERESTED!!!
Your rant is a waste of time unless this basic hurdle is overcome. Everton’s future is not about BK — like him or not — it’s about generating income to compete at the top level. Understand the mathematics involved and its pretty clear we are mid-table at best. One in, one out will be the scenario moving forward. COYB
The BK issue cannot be discussed in a single thread such as this and really if your view is biased then its not really a discussion.
But your final comment of "one in, one out" is worrying. We have lost Lescott and acquired what exactly. We only have several players with Lescott’s value, so once they are gone we are in deep shite. So Jags and Arteta out then a trio of shite in. "One in, one out" - yep we are fucked.
Forgetting the board membership prior, it is the responsibility of the Chairperson of a company to define and ultimately agree and sign off on that business's short- and long-term strategies and employ the correct staff to realise those and basically make them happen. The roles such as CEO and marketing etc should then be deployed in the day-to-day activities to achieve or hopefully over achieve those targets.
BK has thus presided over some very suspect CEO appointments; Trevor Birch then Keith Wyness; he has also failed to identify a glaring business opportunity of Liverpool winning the European Capital of Culture and even creating a short-term one-year expansion in the city centre to profit from the increased tourist trade — instead, reducing the club's presence in the city centre.
I have read many a posting of this website extolling many business virtues including several off field activities which the club has failed annually to embrace.
So, your honour, there rests the case for the prosecution, if the Chairman isn’t accountable for the running of the club — as one of his stupendously ignorant soundbites, "Don’t ask me I’m just the Chairman" goes — then who is?
The two things that really piss me off about him are the way he hog’s the limelight when things go well, face all over TV, papers and doing endless radio interview’s embarrassing us with his ridiculous soundbites... yet he hide’s when things are going tits up; and the pathetic support he gets off the local media riles me too.
When are the likes of Prentice going to question this clown? Our club is crying out for a change of direction. KENWRIGHT AND HIS CRONIES OUT!!!
I would have thought that after making a complete Horlicks of the pre-season before last in terms of preparation and signings, that the mistake wouldn’t have been repeated a second time: Moyes and Kenwright are both culpable for that.
A change of ownership and new broom has been sadly wanting for a long time.
Nice one Alan
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Who is to blame then?
Totally agree with everything you said - wish we still had Peter Johnson
However, how can you possible forsee an injury list like ours, our sqaud is capable of delivering towards the top end of the table, should all be fit, Arteta, Pienaar, Bily, Yak, Jag’s are all quality players on top of those playing at the moment who Spurs and Villa would give their right arm for.
Villa and Spurs seem to have money to burn and splash the cash readily, let's take 11 players out of their first team sqaud and see how they get on..... How many of their fans will be screaming for the chairman’s head...
We are an ambitious set of supporters, and all want success, we all have the frustrations about Kenwright’s limitations, and I for one cannot wait until he hands over the reigns to a super-rich owner, but even when that day comes, if you are unlucky with injuries and have to turn to a second string and playing players out of position to get 11 on a pitch, sometimes we have to just take it on the chin!!
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So do I...at least his bollocks wouldn’t be tolerated with such apathy and acquiesence..
besides the commercial opportunities that have been missed over his reign
there is a very quick and easy solution to our lack of finances and that is for Kenwright to dilute his shareholding and put more money into the club to beef the squad up.
The shareholding his consortium got for 20 million is reportedly being hawked around for 180 million now so if he loves EFC so much why doesnt he issue a rights issue or dilute some of his holding.
You and many others patently cannot see the devious side of Kenwright.
Read your post again it is hugely flawed.
"I’m sorry but Everton haven’t had any money for a long period now."
Yes and whose fault is that? Who is ultimately responsible for looking after our business/commercial performance?
"Everton’s financial state has been clear for while so why is the Chairman to blame when he has been bleating on for years he doesn’t have the financial clout to take us further?"
So why are there several stories of interested parties being given the brush off from BK and co? Why does the Tesco Stadium planning application state "current owners are not looking to sell"?
"nobody is interested in us because we don’t generate sufficient income to sustain growth or move on to a new stadium or re-condition GP"
So why do clubs like Notts County, Birmingham, Portsmouth, West Ham all get bought out? They all have old stadia, inferior history, support and potential. But you are suggesting EFC is fundamentally totally uninvestable/fucked simply because we are EFC?
"Your rant is a waste of time unless this basic hurdle is overcome. Everton’s future is not about BK — like him or not — it’s about generating income to compete at the top level."
Maybe i am wasting my time. Maybe we all are. Maybe its too late and Everton has already begun the inevitable slow, slippery, slide into oblivion. But who is the custodian of our club? Who has overseen monumental fuck ups and embarrassments and yet failed to address our most urgent of requirements during his reign?
Alan (or Bill?) you are incorrect, or perhaps you’re just deluded.
When did this sinking begin? How long has it been going on for? If it’s recently then how long have you been a blues supporter because the current situation is like dreamland to not-so-long ago?
Sure two 5th place finishes is better than a relegation fight. But let's not pretend having less money than Stoke, Bolton, Wigan, Birmingham etc is dreamland. The bottom line (Mark) is that the club is maxed out already. We’ve peaked and without further investment we can only go down NOT up.
Look at the Top 4, now consider City, Villa, and Spurs. Top 8 is a good placing for us now. But then what happens next year? When we fall even further behind these, how long before West Ham, Sunderland, overtake us?
How long can we rely on Moyes bagging £3-4M unknowns and turning them into internationals? How long before our current star players get tired of the false promises and seek new employers?
You honestly call our current situation dreamland?
The problem EFC Co Ltd has is the expectations of its patrons/customers who want the club to compete with cash-rich companies or companies that generate or have superior assets and income. We all want us to spend big but we or the Chairman don’t have the above so we have to cut our cloth accordingly.
You all need to have a very, very big reality check and appreciate just how much we have to spend every year; once you work this out, then it makes sense. Until we pay back some of the long-term borrowings then, year on year, the pot will get smaller — it's simple.
Either the whole board dilutes its shares, which is unlikely and unrealistic... then the only hope is a buyer. So you can moan as much as you wish about BK but, unless you have a plan B that stands up in fiscal terms, then accept what we are, a mid-table club at best. I get no pleasure in seeing us skint but that’s a fact that is published every year with company house.
As I said in my post, the future of EFC is not about BK but about our ability to generate revenue and profits. Any investor would need to pump in close to £300 million to get a small return and we are not worth that investment as a BUSINESS!! For us as supporters, in our hearts we are the richest club in the land... but that doesn’t pay the bills every month. COYB
All I read on this site is excuses, about the team, the board the manager. They get it easy at our club as we are stuck in the past as we have no future as winners. As somebody said above, the yanks have thrown millions in the last 2 years that we could only dream about but their fans still want them out and they’ll get a rich arab because the fight for it.
We’ll just moan how we are not a small club as we battle Fulham & Stoke for 10th but be happy because we have not been relegated and Liverpool didnt win the league. Kenwright won't change this club only the fans will.
We have to get one thing straight though: Everton are in trouble and the buck rests with the chairman and nowhere else.
I’m working abroad at the moment but I read somewhere that the main reason that Everton aren’t of interest to any investor is that for the money they all want ownership (quite understandably) and Everton want only an investor. I’d say that the reality is that we are destined to remain a small club.
The Premier League is a very hard life for small clubs who only have one aim and that is to stay up. What a very depressing future with nothing to hope for.
When you think of the disgrace of moving a proud City club to a place like Kirkby, I’d say that it’s Everton FC RIP. They really don’t deserve the wonderful fan base that they have and you all have the absolute right to be negatively critical of the club. The players too.
So no, Alan, I don’t agree the club should be being ran as a business and not an old boy’s club, it is merely the supporters and fans that treat it as an emotional blanket, the chairman uses falsetto after falsetto claiming his apprenticeship in the boys pen, etc ad nauseam yet has seen year after year of growing debt — how is that a successful business? — and yet again the buck stops at his door and nowhere else.
If he goes, who is waiting in the wings to be the next owner(s) of our great club? I don’t want to hear one more rant about lost sales or he wants to fuck us over to Kirkby/Tesco — just the name of potential buyers please.
BK has used the word 'investment' for years and not 'for sale'... now I would personally entertain anyone with the slightest bit of business acumen over a lying, failure of a businessman that is in control over the club right now, be that any colour or creed, a businessman or woman with the cajones and acumen to address the obvious and breath life into the club and business where BK has tried and failed abysmally. Does that answer you?
BILL KENWRIGHT is a LIAR who has made us a small club. Unforgivable, get the twat out!
Our plans at Kirkby look utterly pathetic compared to Spurs. Villa, the other club we deem to be in our league, are redoing the stand opposite the Holte End; Villa Park is already big... it's gonna be huge in a few years. And where will we be? In the Shampionship playing in that shit-arse shed.
Sam, so true... even Sheff Wed are turning the Leppings Lane into a great large stand and yet we hear the same old shite; Villa too built their ground in an area smaller than ours, the Trinity Road stand is proof of that... and yet we get filled with these scaremongering lies and people still believe these compulsive liars.
Let’s make Gavin Chairman and see how long before the administrators arrive at GP. Let’s have a mature debate on EFC finances without looking back but looking at the balance sheet, the future of our club doesn’t lie with who we place as Chairman but how healthy the institution is cash flow, assets (players too), borrowings and brand ability. If as a fan you interrogate this area then that is why we haven’t been taken over.
Without investment the brand can’t improve, BK has failed to do this but clearing him out doesn’t change a tap, we still starve major invest close to £300 million (stadia improve or new, player purchase, overdraft, purchase of shares).
That’s the reality of our situation; in fact if you look at what City and Spurs have invested my estimate could be out buy a further £2/300 million!!! Now can anybody please tell me who would invest between £300/600 million in EFC??? Exactly…….I think we all know the answer. COYB
Lets remember this conversation, and when the time comes. When Billy and co finally fk off. Providing they haven’t already lead us to DK and left us to rot. Lets see how much interest we get then. I bet you my mortgage when that day comes we will hear more stories/ articles/news about potential new owners than we’ve heard in the last 9 years. Why? Because until that day we aren’t for sale, and therefore no-one can buy us.
Alan before you respond answer my previous question;
So why do clubs like Notts County, Birmingham, Portsmouth, West Ham all get bought out? They all have old stadia, inferior history, support and potential. But you are suggesting EFC is fundamentally totally uninvestable/fucked simply because we are EFC?
When we hear of other clubs it’s "takeover talks" or "new owners" etc. We hear "investment" and there is a big difference. I get the impression the club want someone to pump a load of money without taking total control of the club. If clubs are approaching us, it shows there are interested parties out there, we don’t have to name them! Our CEO has admitted there are people out there, but for some reason the talks don’t progress.
Why? Debt levels? Asking price? Unrealistic demands from the selling party?
If Kirkby gets the nod, the fans who are against it need to take action. It’s no good whingeing on here. The RS organised protests and we should do the same. They only had a 1000 as most of them had flights or ferries to catch. I would expect at least 10,000 blues, we can’t just accept it as we will forever regret it.
Why do all BK apologists always tell others "to name the investors who want to buy EFC"?
As if that proves something about being realistic?
A simple analogy incase your brain is having a day off.
If I put my car for sale in autotrader. I dont know who’s going to look and potentially buy it. Does that mean no-one wants it?
If people then contact me and say "Can I buy it", but I say "no I wish to still own it, but you can invest in it.". Do you think potential buyers are going to continue the conversation? Or are they going to look elsewhere where they can have full control?
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Haha... contradiction of the week!
Alan... Bill Kenwright IS to blame for the current finances of the club, whether you accept that fact or not.
The answer to your question is cleverly hidden in Elstone's words... I’ll paraphrase for the hard of reading:
’We’ve had a steady stream of investors looking to ’BUY’ the club... 5% of them were serious — but they didn’t come to frutition because we are looking for investment — not a sale.’
West Ham's owners went bust, nobody knows who owns Notts County, and Portsmouth are likely to be up for sale again soon as the last 2 owners ddin’t actually have any money.
Birmingham I wll reserve judgement until any evidence is displayed, but would you really want to be in the situation of most of these clubs having to take out loans to pay wages and not sure if you will be in adminsitration in the next few weeks?
It is a very unfortunate reality that we are being passed by teams in terms of spending power and we are seeing that reflected in the current table positions. Like it or not, to survive as a football club you need money, lots and lots of money, and it is BK’s responsibility to find it — that’s it, nothing else — he needs to get us investment.
Whether they are buyers or investors, he seems to balls up every step of the way making our club a commercial laughing stock. King’s Dock, Fortress Sports Fund... all of it makes me cringe to just remember.
You’ve clubs like Sunderland, West Ham and Villa that are receiving significant investment and they are making moves forward on the field as well as off. Simply put, Moyes in my view works miracles but I just can’t see him putting up with this shit for much longer.
As an example, look at Newcastle, the asking price is reportedly less than £100m, they have a big stadium, and vast potential, yet nobody wants to pay the money!
Its ok saying you want Bill to sell up, but he needs somebody to sell to who will actually make the club better, not just maintain the status quo or worse.
However that should not prevent 2 things which would help our finances.
First of all BK could dilute his holding through either a rights issue or the sale of some of his shares (that is if they are not hocked to Green already).
Secondly in the medium to long term we need a sound marketing plan to exploit the commercial opportunities.The reason Spurs have so much money to throw around is that they get around 40 million a year from commercial activities we get around 3 million and thats despite Spurs only having a capacity of 35800 and regularly finishing below EFC in the league.
I have constantly criticised Kenwright on here for not being more interested in the club with his stupid "I’m only the chairman what do I know about what goes on at the club" and "Only Newcastle supporters buy shirts".
I really dont believe we need a billionaire owner just some savvy businessmen like Spurs.
What was it Earl said at the shareholders forum... "Bill looks after everybody's interest"...
Yeah, apart from Everton's.
The point you’re conveneintly missing is that most people think Kenwright is the problem and that he shouldn’t be here...
While you continue to scramble around inside the acceptance of his tenure for a valid reason why HE can’t provide the necessary funds...
It is not a matter of accepting he can’t provide the funds....It is a matter of stating that if that is indeed the case...then why the fuck is he still here...nevermind the question of why he bought the club in the first place...
I hope your first class business mind can appreciate this argument without too much fuss....
Gavin, your hatred of the man clearly gets in the way of a good story or post, as I keep on saying but you all forget or choose to not answer we need a new owner not a new chairman. The future of this club is not about BK it’s about a sound business model which EFC is not because we are cash poor!!
Blame BK if you want but one thing that has been consistent with him is he doesn’t have the financial backing to invest in to the club, we live hand to mouth in terms of outlay and this will never change until new investment arrives and nobody is interested in us.
I too run a business and sit on the board of a company with three times the turnover of EFC we are cash rich but lots of our competitors are not and they are sadly falling away or approaching us for takeovers. I understand exactly BK and EFC situation, they need cash in the bank to look at long term objectives but they can't so all their energy is wasted on short-terms issues which eventually will run dry and we will have to sell assets or players.
As a business, we are poor — that is why we are up for sale!! Last night I went to Spurs, both Jo and Heitinga were dreadful and they are new additions/investments. We can’t afford to be at the bottom of the league, we have budgeted for a 7th place finish so, if we fail, expect less money next year too!! COYB
When you can’t even admit that Kenwright is the major shareholder...or realise that Hostile takeovers do not apply to private companies..
Then I guess it’s time to stop...
Hostile takeovers, well you’re being extremely pedantic when we all know he and the CEO have openly said the club is up for sale. If a mystery buyer was willing to make an offer, they could go public via the press and call their bluff.
EFC has employed consultants to find a buyer and it has been offered around the city via many investments houses and is still doing the rounds. The fact is for many people they like the idea that BK is refusing to sell and holing on to his power and ignoring the reality of the situation. I know this is not true!! We are up for sale.
BK's failure is down to the fact he has no money, all EFC problems come back to this every time: Kings Dock, which just breaks my heart every time I stay in the Hotels opposite... all failed because we couldn’t raise the money.
BK is and will be history sooner rather than later, EFC's future is based on the P&L not the CEO or Chairman’s love for media sound bites. COYB
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1 Posted 26/10/2009 at 14:25:39
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I prefer it when the dope is not to be seen or heard and long may that be.