ToffeeWeb - Season 2007-08

The Mail Bag

Shame on KEIOC

The latest KEIOC attack on Keith Wyness is totally shameful and, I suspect, not far short of actionable. What is forgotten is that Wyness took on the task of re-constructing Everton`s business affairs after a much higher profile figure had taken one look and proclaimed the Club `a basket case`.

The fact that we are now on an even keel with the debt re-arranged and totally manageable is a direct result of the CEO`s expertise. That this has enabled the Board to support the manager as none has been able to do for 30 years is a tribute to his undoubted financial acumen.

OK, expedience has required assets to be sold and leased back but show me a major company which did not latch on to the tax benefits of this device! OK, there was no Plan B on the ground issue; however, the man could have presented a plan for every letter of the alphabet but without lines of finance they would have come to nothing. So what was the point?

When I read daily of the turmoil and debt which inflicts so many clubs - particularly three of the Big Four, I thank God for an Evertonian chairman and a CEO who sees the way ahead and goes about getting us there.

Rather than the brickbats that the self-appointed pressure group are hurling at him, I think Mr Wyness deserves our heartfelt thanks at the forthcoming AGM!
Sebastian St Clare, Harrogate Posted 04/12/2007 at 16:40:30

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Declan Brown
1 Posted 04/12/2007 at 21:33:11

Seb we’re £68m in the red, owe £50m in long term loans and we haven’t got any assets left to sell because we sold them all off. And we haven’t included in that the cost of moving to Kirkby (£50m and going upwards?) yet.

All this during an era where the Premiership is awash with money (Sky give at least approx £30m-£50m a year to each club) and our debts are still getting worse?

Steve Ryan
2 Posted 04/12/2007 at 21:36:18

Please tell me you’re having a laugh...surely you cant be serious.

Paddy Coyle
3 Posted 04/12/2007 at 21:34:48

Here,here!
Reading the submissions on this site makes you wonder which Club some of the so called supporters do support!!
As Everton CEO he is governed by Company Law and surely nobody can believe he is lining his pockets!! Get real some of you!! As a supporter of 43 seasons it shames me to read some of your garbage!!

Jez Clein
4 Posted 04/12/2007 at 21:54:34

Our CEO doesn?t have to line his pockets, he gets paid more than enough just from Everton.
I doubt any other CEO/employee gets paid 1% of their companies turnover especially as he contributes very little to that turnover,
I think its fair to say that even without a CEO our turnover would be about £45m just through Sky money and season ticket sales so he is getting paid nearly half a million on generating a turnover of £5m. Not a bad salary/turnover ratio

As for our board supporting the manager you may want to look at 1/ player sales in the last 3 years and 2/ recent £25m loans that have been taken out - it is certainly not due to any income or investment found from our CEO.

Meanwhile our debt creeps towards £100m as our turnover reduces and our assets diminish - yeah great job Mr Wyness

Mike Licoln
5 Posted 04/12/2007 at 22:46:03

Ahem..how many of you have access to Everton’s account books? Sorry, none of you? Ah.

Really. You really don’t know what goes on behind the scenes when you say ’we’re £100m in debt’. The club’s not gone under yet, we’re not doing a Leeds and overspending frivolously year on year. We must be the most frustrating fans to work with for any CEO! We are basically given a stadium, albeit not perfect, we move into a state-of-the-art training complex, there’s money being freed up for good signings and we’re STILL not happy. Un-bloody-believable..

Alex May
6 Posted 04/12/2007 at 22:49:04

’The latest KEIOC attack on Keith Wyness is totally shameful and, I suspect, not far short of actionable’.

No need to read further than that. If it is inaccurate then it is/may be shameful. If it is inaccurate, then it will be actionable. If it is not actionable, as I suspect to be the case, then it is not shameful.

Given that he tried to sue a residents group in Aberdeen (where he told many of the same (proven) lies as he has told in this ground move debate), for calling him a ’dictator and a Nazi’, I’m sure we’ll hear from him if he can prove a case against KEIOC. I doubt they’ll be losing any sleep.

Tom Hughes
7 Posted 05/12/2007 at 00:24:04

Mike,
everyone has access to the accounts! I’ve got a copy if you want it.

Rich Jones
8 Posted 05/12/2007 at 00:37:21

it always amazes me how nieve some Evertonians can be and Seb, Mike and Paddy have just gone to the top of the list. Come on fellas if the cub told you black was white I think you’de convince youselves they were telling the truth.

Charles Grant-Whittingdale
9 Posted 05/12/2007 at 01:06:05

Got to agree with Seb, Mike and Paddy here, our CEO has done a wonderful job in difficult circumstances and the club is in a far far better state than many of our rivals.

Dave Wilson
10 Posted 05/12/2007 at 03:48:57

Quite simple Seb
all he has to do is publicly prove the points raised are inaccurate
bet you he cant, if this was actionable, be of no doubt he would be taking action

Paddy Coyle, I’ve watch everton for 45 years too and what is shameful is the inability of Evertonians like you to see what’s staring you in the face
Mike Licoln
Its ignorance on the scale you’ve just displayed that could be the death of our club, there is so many people like you backing this guy to the hilt when you clearly dont know what your talking about, the amazing thing is, you then feel fit to call the proper Evertonians who care enough to take the trouble to find out facts "unbelievable" Your the unbelievable one mate, follow blindly if you want, but dont expect the rest of us to do the same

Alisdair Denny
11 Posted 05/12/2007 at 04:13:28

I would like to make a small point about the spin they put on the ground move vote, where they are claiming that the fans who didn’t vote are against the ground move - actually claiming them as part of the "no" vote. I was always told that if your argument is strong enough, there is no need to embelish it, the facts will speak for themselves. Every time they use these tactics, I feel they weaken their case as it leaves them open to ridicule. Stick with the facts please, if your argument is strong enough, it will show through.

Jay Campbell
12 Posted 05/12/2007 at 13:46:08

Shame on Wyness!!!! Out with Wyness!!!!

Steve Lyth
13 Posted 05/12/2007 at 13:58:05

Are you Richard Lewis in disguise ?