The Mail Bag
How much is EFC worth?
Comments (19)
Having just seen the article on the BBC website concerning the move by some LFC fans to try to raise enough money to buy their club, I am moved to raise an issue which I have wanted to raise before yet had only hinted at when posting in favour of the 'No' vote earlier this season.
One of the principal reasons behind the move to Kirkby ? as opposed to staying at Goodison or inside the boundaries of the City of Liverpool ? is given by the club as that of money. As such, it has always struck me as strange that the club have not asked the fans for any.
The last price I was quoted was £1,750 for a share in EFC, and just what power does that give a shareholder and how does it benefit EFC? The LFC proposal is that for £5k one of 100,000 fans can own a part of the club ? just how many EFC fans would do that? And just think of the stadium EFC could build for £500million......
Rupert Sullivan, Posted 31/01/2008 at 03:01:16
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Gavin Ramejkis
1 Posted 31/01/2008 at 07:10:35
1 Posted 31/01/2008 at 07:10:35
Many seasons ago it was rumoured that Everton would use a share rights issue to inject some badly needed cash into the club just the same way that Tottenham had. Unfortunately the whole story and rights issue like so many stories of investment came to nothing with Bill Kenwright unwilling to dilute his share holding as he was unable (potless) to buy more newly issued shares himself. The use a of share rights issue was even used by his former chairman Agent Johnson back in 1994 - http://corporate.practicallaw.com/0-100-5389. An investment opportunity into the club’s coffers in one of it’s simplest forms but one ignored and clearly unwanted by "True Blue Bill"
Jimmy Crack
2 Posted 31/01/2008 at 08:24:31
2 Posted 31/01/2008 at 08:24:31
Don’t worry, everyone!
Someday I’m going to win the lottery and buy the club and redevelop Goodison and sign the world’s best players and get myself a new prescription of antidepressants and win the Champions’ League and the FA Cup and the Premiership and it’ll be wonderful I swear
Someday I’m going to win the lottery and buy the club and redevelop Goodison and sign the world’s best players and get myself a new prescription of antidepressants and win the Champions’ League and the FA Cup and the Premiership and it’ll be wonderful I swear
Brian Noble
3 Posted 31/01/2008 at 08:23:27
3 Posted 31/01/2008 at 08:23:27
It won’t happen at Anfield and it sure won’t happen at our club.When it comes to finding that kind of money,common sense kicks in -and so it should! I guess anybody hoping to take over Everton would need to come up with at least £250M. That’s £60M for the shares,£40M to cover the debts and £150M to bring a ground move to reality.
Oh,I nearly forgot, Blue Bill and Bilboa’s mate would want to turn a profit on their shares.Make that total figure £300Million!
Oh,I nearly forgot, Blue Bill and Bilboa’s mate would want to turn a profit on their shares.Make that total figure £300Million!
Eric Myles
4 Posted 31/01/2008 at 09:09:14
4 Posted 31/01/2008 at 09:09:14
The problems don’t only stop when you’ve raised the money to buy the club, that’s just the beginning.
Where are you going to get the money to buy new players? Pay salaries etc? And then you’re stuck in the same position that Kenwright now finds himself in, bought the trainset but can’t afford the upkeep.
Where are you going to get the money to buy new players? Pay salaries etc? And then you’re stuck in the same position that Kenwright now finds himself in, bought the trainset but can’t afford the upkeep.
Chris Briddon
5 Posted 31/01/2008 at 09:13:03
5 Posted 31/01/2008 at 09:13:03
Share issues do create extra cash - in the short term, but cause difficulties long term.
Remember Newcastle United, their problems started when they floated ont he stock market, cos all of a sudden you have lots of shareholders & banks etc being interested in running the club as a business rather than a football club. The end result is usually a limited spending budget and a tighter budget
Remember Newcastle United, their problems started when they floated ont he stock market, cos all of a sudden you have lots of shareholders & banks etc being interested in running the club as a business rather than a football club. The end result is usually a limited spending budget and a tighter budget
Barry Bogflush
6 Posted 31/01/2008 at 09:13:01
6 Posted 31/01/2008 at 09:13:01
Michael simplifies matters - share capital does not equal value.
Sadly we are only worth what anyone would pay. At this moment in time there doesn’t appear to be much appetite for leveraged finance deals for clubs with poor infrastructure, medium sized turnover and a hefty slice of debt. What we need is a phoney shirt wearing millionaire?.
Sadly we are only worth what anyone would pay. At this moment in time there doesn’t appear to be much appetite for leveraged finance deals for clubs with poor infrastructure, medium sized turnover and a hefty slice of debt. What we need is a phoney shirt wearing millionaire?.
Mike Hughes
7 Posted 31/01/2008 at 09:13:19
7 Posted 31/01/2008 at 09:13:19
I’m not a financial expert but can’t see it happening. Also, regarding the RS issue I think it still has many problems. Let’s just say they do raise £500m. By then, the price of the stadium may have increased further; Hicks and Gillette may not want to sell and, when it comes to buying new players, what do they do - have a collection down the local? I can just see it in 5 years: "Hey, lads, Stevie G is past his best. We need a new midfielder. Here’s twenty quid, pass this round and get us a pack of pork scratchings." Long live G+H and Rafa.
Jay Campbell
8 Posted 31/01/2008 at 11:21:35
8 Posted 31/01/2008 at 11:21:35
Your wasting your time even talking about it because EFC is a dictatorship headed by Saddam Kenwright.
Doug Ellis hasn’t got a look in when it come’s to Kenwright. We are stuck with this idiot
Doug Ellis hasn’t got a look in when it come’s to Kenwright. We are stuck with this idiot
EJ Smythe
9 Posted 31/01/2008 at 11:35:55
9 Posted 31/01/2008 at 11:35:55
I don’t know about you guys, but hey .. I rather be stuck with Big Bill then with Shite Peter Johnson.
EJ Smythe
10 Posted 31/01/2008 at 11:38:59
10 Posted 31/01/2008 at 11:38:59
Ok .. before I get slammed for having no asperations.. I would like to stake that I would love to see Everton being bought by someone rich, and who can give us 100M to buy new players every season .. BUT .. i still want someone who breathes and lives Everton ..
Dan Parker
11 Posted 31/01/2008 at 11:42:08
11 Posted 31/01/2008 at 11:42:08
I don’t think we should be complaining too much about investors and ownership at the moment. I think we have one of the best deals in the league and have reason to be content where othersr cannot.
Will Mitchell
12 Posted 31/01/2008 at 12:27:47
12 Posted 31/01/2008 at 12:27:47
Do we really want a leveraged buy out of EFC; or a sugar daddy for that matter?
MUFC and LFC have been turned into highly geared businesses. If things go wrong on the pitch the consequences could be financially catastrophic.
As for Chelsea, they?re owned by a criminal, whos money belongs to the Russian people.
So EJ Smythe is correct: Kenright should entertain offers only from the right sort. And if there?s no one suitable, whatever will be?
MUFC and LFC have been turned into highly geared businesses. If things go wrong on the pitch the consequences could be financially catastrophic.
As for Chelsea, they?re owned by a criminal, whos money belongs to the Russian people.
So EJ Smythe is correct: Kenright should entertain offers only from the right sort. And if there?s no one suitable, whatever will be?
Neil Mappin
13 Posted 31/01/2008 at 12:42:27
13 Posted 31/01/2008 at 12:42:27
I can’t see anybody being interested in Everton at c£300M.I think most of these international wheeler-dealers are beginning to find out that there ain’t much fun and even less profit in owning a Prem club.The aspirations of the fans, the demands of the players and the need to plough ’profits’back in just to ’keep up’ makes it all a thankless task.
On balance I think we’re best served by the’local luvie’we’ve got-even if he is a self-serving twat!
On balance I think we’re best served by the’local luvie’we’ve got-even if he is a self-serving twat!
Harry Meek
14 Posted 31/01/2008 at 12:51:52
14 Posted 31/01/2008 at 12:51:52
I think Neil Mappin has it right.When Beneathus threw his toys out of the pram and then orchestrated a revolt against the RS Board,he set in motion a chain of events that may well cost ’the other side’ more than they ever bargained for.
Like Neil,I have my reservations about Blue Bill (and his too cosy relationship with Moyes)but at least they appear to be singing from the same hymn sheet which is as it should be.I’m happy to leave well alone!
Like Neil,I have my reservations about Blue Bill (and his too cosy relationship with Moyes)but at least they appear to be singing from the same hymn sheet which is as it should be.I’m happy to leave well alone!
Mike Hardman
15 Posted 31/01/2008 at 13:21:55
15 Posted 31/01/2008 at 13:21:55
Ah, but just think,if Mike Ashley had taken over Everton instead of the Barcodes we could have Dennis Wise in charge instead of that pillock Moyes!
Gerard Madden
16 Posted 31/01/2008 at 14:43:57
16 Posted 31/01/2008 at 14:43:57
I think its fair to say that most of us are satisfied with our clubs current custodians - particularly when you compare our stable solid situation with the...lets just say..chaos at one or two other clubs. ;)
Jay Campbell
17 Posted 31/01/2008 at 15:09:31
17 Posted 31/01/2008 at 15:09:31
Gerard Madden you are kidding yourself if you think Moyes is satisfied with the club’s board.
Moyes come’s across very streetwise so he won’t be that stupid or childish to rant or moan live on telly like other managers do.
He has said it for many years that MONEY is needed at Everton. His interview the other day when he mentioned "Missing Ingredient" after the Chelsea semi loss. I bet my life he was referring to a Cash injection like Chelsea have had. It won’t be Stewart Downing that’s for sure!!!
Understand this we will never win major honours while Kenwright is at the club because he hasn’t got a carrot to his name. Moyes will only be able to work miracles for so long.
Sheppard’s hook for Kenwright i’m afraid.
Moyes come’s across very streetwise so he won’t be that stupid or childish to rant or moan live on telly like other managers do.
He has said it for many years that MONEY is needed at Everton. His interview the other day when he mentioned "Missing Ingredient" after the Chelsea semi loss. I bet my life he was referring to a Cash injection like Chelsea have had. It won’t be Stewart Downing that’s for sure!!!
Understand this we will never win major honours while Kenwright is at the club because he hasn’t got a carrot to his name. Moyes will only be able to work miracles for so long.
Sheppard’s hook for Kenwright i’m afraid.
chris bailey
18 Posted 31/01/2008 at 16:32:05
18 Posted 31/01/2008 at 16:32:05
Iam an exiled lifelong Evertonian living overseas. For sentimental reasons Ive always been interested in owning shares of the club. Any idea how you would go about buying a share(s). The club were their usual helpfull selves when I enquired, hence this posting.
Doug Walters
19 Posted 01/02/2008 at 14:10:59
19 Posted 01/02/2008 at 14:10:59
Just talked to a friend that lives in Dubai and he tells me that one of the sheiks is going too buy the RS. With all this confusion with them it will leave us in a good position in regards to our stability for 4th spot.
COYB
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But the 'problem' for Blue Bill at least, in heading down this road, is the dilution effect. Bill currently owns 25% of EFC ? that's worth £15M at the quoted price... however, if more investors take a piece of the action, his percentage of the pie gets diluted... and it's at that point where we hit the impass (even though, one m,ight expect that the total value of teh beast would increase....
But the short answer is No. It's not happened at Everton. And chances are it never will. That's not just me being cynical ? don't you think the oportunity has been there? Investors in Everton, to name but one fan-based initiative to increase investment in EFC... it went nowhere. Something to do with money and power, methinks!