The Mail Bag
Portsmouth takeover
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With the breaking news that Portsmouth are being taken over by Sulaiman Al Fahaim, the voice behind the Man City deal, you have to wonder exactly what Kenwright is doing to sell this club. There can be no question that we would be the better investment for any group.
However, hopefully Kenwright will never sell to this sort of person. We continue to plug along very nicely without selling our soul. I also went onto the website of the Peter Reid investment group, the sports fund is a cold-blooded profit making idea only. Hope we stay away from this to...
Tony Sinclair, Posted 27/05/2009 at 15:56:27
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I mean who?s the better proposition, us who have a better ground, on verge of a new one and becoming regular qualifiers for Europe, or Pompey who have a shithole of a ground and have struggled this season and past seasons too and are in worse debt than us I believe but are in talks to be bought out?!
It's a no-brainer for me, these millionaires and billionaires who want to buy into clubs should really be looking at the likes of us, a club in real progression, not clubs like Pompey! It makes me wonder wether Kenwright really wants to sell us on?!
The fact is Kenwright won?t sell until he knows the decision of the Kirkby inquiry, which could potentially double the clubs value and his returns. "Lookiing for investment 24/7" my arse.
What is the right person for Bill?? A scouse billionaire that lives on Goodison Road and has been going the game for all of his life? I'm not saying sell to the first buyer but I am concerned that we will eventually burn out to the likes of lesser clubs like Portsmouth, Sunderland, City etc.
Whilst I really want investment into the club, I only want it if it will benefit Everton in the long-term. For me, the investment is in the main needed to build a new stadium and not to be heavily spent on improving the squad.
Football is a very difficult business to make a profit in. However this is what we know the majority of investors want eventually. Randy Lerner seems to be a very steady eddy at the head of Aston Villa. However, he has even stated that by 2013 he wants to sell Villa for a profit.
I want Everton to be able to compete but if that money in any way upsets or destabilises the team spirit and camaraderie that embodies this current squad, or pressurises Moyes into making signings he doesn’t want, then I want us to steer clear of it at all costs.
I am no great fan of Kenwright. I do think if another investor came along who really had Everton’s interests at heart, he’d find it difficult to sell up. He enjoys his current status- and who wouldn’t?
However until I hear of us being linked with an owner who cares about Everton, then I wouldn’t change the status quo.
Realistically we could get by without a takeover with regards to the stadium issue. Not wanting to start the whole issue again, we can build a shared stadium.It’s funny that as early as 20 years ago this idea wouldn’t have been dismissed if both clubs were wanting to find new stadiums. The only thing preventing this option being taken up is the soured relations that sadly exists between the two Merseyside clubs. It would be great if we could show the class and quality that the two clubs in Manchester sorely lack!
Tesco knew that the cost of such an application would be substantial in terms of design, planning advisers, legal fees, feasibility studies, etc. They would never have entered such a venture without this guarantee from BK and Earl, as otherwise they would risk losing millions if there was a possibility of the club being sold to a new owner who could pull the plug on the whole deal. Whilst DK is still a possibility the club will never be sold.
I don’t know how this affects us, but I’m fairly sure that a a few thousand here or there on the costs of a possible development in Kirkby isn’t a long way up their worry list.
As for the attractiveness of EFC to a new investor, there will be people out there who want in at a price but any deal will not have strings attached (nor should it) that they must be Evertonians, passionate about football and committed to the club rather than the balance sheet.
For that mix we have, for better or worse, to leave that in the hands of BK. I suspect that if DK is dropped then suddenly a buyer will have emerged from nowhere and BK will sell. I think if Kirkby gets the nod then it will be a harder sell, I can?t see an investor dismissing all the issues of Kirkby quite so easily as the Everton board.
Time will tell...
Man Utd are rich because they have a long history of success over the SAF years and sell merchandise, tickets and earn lots of TV money from the Champions League. Their American owners didn?t put money in, they borrowed hundreds of millions to buy United and that is now United?s debt.
Liverpool ditto. Merchandise and ticket sales and TV Money. Huge debts.
Arsenal are relatively rich for the same reasons ? success, sales and TV money.
Randy Lerner has just said that Villa aren?t going to spend big this Summer.
Abramovich achieved success quickly on the back of huge investment and two fantastic managers ? Ranieri and Mourinho who managed to build teams quickly, but is that going to last now they can?t find another "golden manager"?
City have a good manager in Mark Hughes, but just like internet start-ups, it?s incredibly difficult to buy quick success. Impatience can result in an almighty screw-up more than a roaring success. City? Newcastle?
Be careful what you wish for. Big money investors that don?t understand the game will keep switching managers looking for the elusive "special one". Utd, Liverpool and Arsenal took years ? decades ? to build success. It won?t be bought overnight.
On the broader point, and overlooking the confused nature of the original article, I’ve moved a long way from my views about our need for takeover / billionaire / investment etc etc. Sure, I would like some investment to be available to the manager to enhance our possibilities for next season, but I’m totally content with Everton building it rather than buying it.
I’m more than content with Kenwright’s stewardship of our club because, contrary to semi-popular myth, it has been successful by most measurements. Who the hell wants some bigged up sheik masquerading as a footy fan and turning the club into a circus. Erm, not me.
Moyes and Kenwright have done good for us. If we keep improving then we’ll get there eventually.
Oh yes, and wasn’t that the most beautiful exhibition of footy for many a long year in Rome tonight? Titter ye not, but seems to me Messrs Moyes & Round have been steadily moving our game towards keep ball & fast interchanges over much of this season. Who needs Xavi and Iniesta (gods admittedly) when we already have Arteta, Pienaar, Fellaini, Neville and Rodwell.
Given the coice between money and Moyes I know which one I’d choose.
The guy who is selling Portsmouth won’t give the club a second thought once its sold. Bill (whether you see him as a good or bad owner) is a lifellong support of the club and wants to say in charge/involved.
As a business, to make a safe and sustainable profit from a football club it is best buying a mid to lower-mid table Premier League football club. Wages are significantly lower, transfer fee?s are significantly lower, and every time you get a player of high quality you can sell him for a high profit, and replace him with a cheaper version. You get the continuous Premier League television income, without the unwanted cost of trying to break the big-4 etc.
Fans may get annoyed by the lack of ambition, but you just sack the manager and get a new one to appease them, while continuing the same business model.
That is our main problem, we want someone who is willing to lose money in order to make us a better team, in the hope that maybe in 10 years or so the investment might pay off. This is also what BK will be looking for, which makes the search much more difficult.
Portsmouth will be a mid-table football team for years to come, along with Blackburn and Wigan that is all the owners want them to be.
For god's sake, who gives a fuck how much money Portsmouth etc get? They are never gonna be nothing, ever!! Now we may be nothing at the moment but at least we have the potential to be something. Bill may not have the money but I'd rather he owned us than any Yank, Arab or Russian! Trust me, Bill will sell to the right person and none of these coming in at the moment are the right person.
I for one won?t be watching the embarrassing debacle this weekend and instead will be hoping someone other than Kenwright will be in charge next year.
It takes this club a long time to make positive change like in the late 80?s when Mark Walters from Rangers became the first African-American to join us or when we finally accepted reality that Goodison is a derelict dirt pile. Now we need to accept that Kenwright is a crock and go back to what we had.
Portsmouth must be going dirt cheap at the moment, no ground, no money and where in danger of having to sell off their prize assets over the usmmer to survive - not a club with a huge asking price!
Everton on the otherhand, making progress on and off the field, whilst being good for the club also increases the asking price somewhat.
We know we need investment to go any further, Davey knows it, Bill knows it, but that doesn’t mean that billionaires want to come and give you cash just cos you know you need it!
A lot of other clubs and managers are looking to Moyes and Everton as a good example of how to progress. We have a team of players who love the shirt. We shouldn’t be wishing for a big money take over to watch a load of overpaid mercenaries who couldn’t give a shit.
’It takes this club a long time to make positive change like in the late 80?s when Mark Walters from Rangers became the first African-American to join us’
Mark Walters isn’t African-American (he was born in Birmingham and the only time he has ever been to the US was probably on his holidays) and didn’t join ’us’ - he joined Liverpool.
Unless by ’us’ you mean Liverpool, in which case it puts a rather different slant on your bizarre views? The only connection Mark Walters has with ’us’ is that his middle name is Everton!
I prefer to do things the Everton Way, with honesty, dignity and hard work.
"It?s a no-brainer for me, these millionaires and billionaires who want to buy into clubs should really be looking at the likes of us"
No they shouldn?t - they SHOULD be looking at ?the likes of? Portsmouth.
Why?
Because UNLIKE Everton, Portsmouth DO want to sell.
Simple.
Oh sure we?ve heard all Bill?s "searching 24/7" drivel.
But we?ve also seen Tesco legal documents that stated that NO member of the Everton Board has ?any intention, whatsoever? of selling their shares.
They can?t BOTH be right.
That there are those who still believe in Bill is proof to me that circus legend PT Barnum was spot on when he said there?s a sucker born every minute.
"Ladies n? genelmenah, may I present, the amaaaaazing Thomas Pepper!!"
I saw Sky News when they announced the Portsmouth takeover and sat dumbstruck wondering how the fuck he could not buy us....


1 Posted 27/05/2009 at 20:19:15
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Kenwright either did the right thing not selling or he didn't - which is it?
Ever considered Kenwright (actually being an Everton fan) is looking for the right sort of buyer rather than the 1st one to pay the money, rape the club and sell up after a few years?