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Elstone tells all?
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So, via his blog on the OS, Everton CEO, Robert Elstone, has decided to come clean on his assertion that ALL the money obtained for Lescott was utilised in the signing of new players in the summer window. Indeed, says Elstone, this and more, if you take into account the more recent addition of Lucas Neill, the bank manager's bonus and the cost of millions of telephone calls he and the chairman made in vain pursuit of earlier targets.
I, for one, believe this to be an accurate calculation of the summer's investment although it again begs the question of where Moyes would have been without the enforced sale. Did they know of its likelihood all along...? — for, if not, how on earth did they hope to finance the targets that they all agreed to pursue as long ago as March?
It also prompts me to believe that, unless some inward investment is acquired soon, the likes of Pineaar and Rodwell will not be long at our club.
So it was good of the CEO to 'front up', but to me it was more what he didn't say that painted the true picture of Everton's fragile finances!
Brian Noble, Posted 22/09/2009 at 06:11:39
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It's not all doom and gloom, Moyesie has done well regards transfers, even if it was left late (due to our dickhead board). SACK THE BOARD!!! COYB!!!!!
Every time we look like making the "next step up" they take us down a step and the process starts again.
It seems that whoever comes in has to follow the culture of bullshit that has been so evident under Kenwright - Wyness, Ian Ross, Elstone in fact the only one who didn't want to play left after a few weeks.... Trevor Birch.
Got it about right, methinks!
Can't stand the man and hope someday he will be driven out, unfortunately there are a number of fans who lap up his lies and bullshit.
Picture the scene. It’s the year 2050 and the super-fit Robert Elstone has finally passed away. Surprisingly the 86-year old is made to queue outside the pearly gates for 40 days and 40 nights.
Eventually Mr Elstone is granted an audience with the Almighty. ‘Have you ever told a lie?’ asked God. ‘I don’t think so. Let me check with my secretary. No, I haven't. Why?’ queried Mr Elstone.
The All Powerful answered: ‘Well up here in blue heaven every Evertonian is assigned a clock which shows the number of times they have told a lie. This includes deceptions, falsehoods, misrepresentations, white lies and Goodison whoppers. Look over my shoulder at the blue wall.
The clock on the left belongs to David France. As you know Dr France is one of the most respected Evertonians of all time. He is a blue saint and has never ever told a lie. Therefore the hands on his clock have always been on zero.’
God continued: ‘Now the clock on the right belongs to David Moyes, another great Evertonian. As you know, the Moyesiah is an honest man but was required to tell a fib or two during every transfer window. The hands of his clock are on number eight.’
Mr Elstone looked shocked: ‘Wow, it’s in your son’s special room?’
God laughed out loud: ‘Yes, Jesus is using it as a ceiling fan!’
It is not misleading in the slightest to suggest that an unplanned increase in wages counts as expenditure. It’s all current expenditure, none of this is capital investment. It’s not trickery, it’s just how it is.
The observation that we were somehow chasing Naughton, Delph, Elm etc, and yet had no obvious way of paying for them is an astute one. The truth is somewhat simpler. Man City’s courtship of Lescott began last season. It was public knowledge. One assumes that the signs were there with Lescott somewhat before it came to a head. And I think it’s stating the bleedin' obvious that we had anticipated a non-trivial bid from City.
The (mock) indignation from Moyes and Kenwright had clearly one aim in mind, to boost the fee for Lescott. And nothing wrong in that whatsoever. But I believe indignation was anything but false in relation to City’s timing and opening offer. To leave it so late in the window and to bid so much below the final fee was pathetic. And Moyes and Kenwright were quite right to say, "if you’re going to take the piss in the way you have then you can fuck right off".
Lescott had his price all along and Moyes and Kenwright saw an opportunity. And so they should. It’s a fucking business. IMHO they wanted £30m. That would have helped us big time. But £24m or thereabouts ain’t bad trade. Lescott was a good player and a good guy, but Beckenbauer or Bobby Moore he was not.
THE REAL ISSUE
I have previously defended Kenwright when these threads are polluted with offensive and often disgusting insults, often personal. I’ve also played devil’s advocate in the interests of a debate rather than a KKK feeding frenzy. But something isn’t quite right, and it’s this:
Robert Elstone, perhaps inadvertantly, revealed that Bill Kenwright is almost always the driver in our transfer negotiations. And even, it seems, with the players themselves.
Now I can understand the value of someone like Bill Kenwright, with is business experience, acumen and contact network. That’s how much business is done. But I wonder what a Chief Executive Officer is for if it isn’t to manage & negotiate club business valued in the millions.
The idea of Abramovic, or Statler & Waldorf, or Randy Lerner getting involved in transfer negotiations or speaking with players & agents is ridiculous. And frankly so it should be with Bill. This seems to be enthusiasm gone mad. It undermines Elstone for a start. If he can’t be trusted to front up such transactions then what’s he doing as CEO?
Perhaps... and WTFDIK? But perhaps Wyness was of stronger mind than Elstone is right now. Now I’m of the view that Bill Kenwright does do good for Everton. To many people in the game, he’s the highly acceptable face of club ownership or chairmanship, albeit one who doesn’t invest tons of his own money (which, for the record, is not something I think should happen, but that’s a different thread).
So I thank young Robert for his candour. One can muse as to his motivation in being SO candid at this point. But it brings into question who does what at EFC. An executive officer should be just that. I think Elstone has the makings of a good guy. It will be a good thing if Bill starts to plan for the future right now. His first task is to hand over full running of the club to Robert Elstone and to begin the de-personalisation of the club.
It’s not exclusively Bill’s. But nor is it ours either.
If you think that’s all that’s not right, the mind boggles ...and you’ve some balls, intimating that David Moyes is a two-faced liar
I strongly disagree Alan..
I read Alan’s opinion as being that Moyes’s mock indignation was a deliberate ploy to screw a few extra million out of City — well, that’s my reading of it, but I’m sure Alan will agree.
Of course, whether or not that’s true is a different matter, and I guess only Moyes/Kenwright/Elstone know the truth on that one. IMO though, it worked pretty well.
Some of the comments on here are so naive as to be unbelievable. The Lescott affair between us and City was a high stakes negotiation between adults - not teaching children good behaviour in a kindergarten.
I think the almost pathological hatred of BK has turned some Evertonians minds. I’m not a BK apologist, but I recognise that he hasn’t got the financial clout to take us to the next level, but as I continue to say on these threads, nobody wants to buy us. If there was someone out there they would have made it known and it would be splashed across every paper, the fact that BK didn’t want to sell (as the conspiracy theory goes) wouldn’t stop the potential buyer — have none of you heard of a hostile buy-out?
“There is no way that we are going to be letting any players go … I would like money to spend, but I certainly wouldn’t give up any of my players to raise that money.”
July 2009
On the other hand, David Moyes, he of utmost integrity, was adamant... ADAMANT that he was not going to be letting ANY players go. Was that a conviction? Or just a negotiating position?
Now Elstone says things changed when the player himself broke ranks... which makes you wonder: what if Lescott had said all along he was staying...???
All hypothetical, I know. I just find it hard to respect Moyes’s integrity if back in June/July he knew Lescott would eventually go, but was making public statements, from behind those intense blue eyes, that he knew at the time to be false.
Obviously there comes a tipping point in the saga... was it really the written transfer request? Or was it (as some said at the time), when the deal was first mooted publicly and Lescott’s silence was "deafening"?
That last one fits with Moyes’s final statement along the lines of "If you’d come to us in June with a proper bid, you could have had him then and avoided all this silliness" (paraphrasing).
I doubt if Ebay would’ve been successful without the feedback system being used to prevent ’it’s OK to lie where money’s concerned’ sellers ripping people off
2 questions to the ’don’t be naive’ people
1. If Kenwright and/or Elstone told you a ’fact’ and Moyes differed, who would you tend to believe?
2. Sheff Utd renaged on an accepted bid and Leeds Utd honoured their agreement with Villa... one got extra cash, the other lost an opportunity to gain extra cash; whose behaviour do you admire more?
Contract Cost
Wages
Agents Fees
Legal Fees
All this crap with undisclosed fees should be binned. As far as I am concerned, ’agents’ should be paid by players and players only, if clubs are paying agents then there is something rotten in the football world - and I am convinced that there is. I am sure that if the public knew how much money went to these agents from clubs then there would be a public outcry.
That said, I am not convinced by the ramblings of Elstone about how much the club spent, but it is possible that more than the Lescott money was spent if all things are considered; unfortunately, the club lost all its credit with me over their atrocious Kirkby campaign and I no longer believe a word Kenwright says. Shame that a public trust gaining exercise could backfire so stupendously - at least in my mind.
People do not usually say things to provide information. They say things to achieve outcomes that they want.
When Moyes says to the media for public consumption, "I’m not letting anyone go", by far the least important thing he is doing is telling us what he thinks.
So what IS he doing? He is signalling to various people: probably Kenwright ("don’t sell my players cheaply!"); his own players ("I value you and want to keep you here!"); and of course Man City or other wannable buyers of our stars ("you will have to pay top dollar!").
The truth vs. lies debate is naive and irrelevant. That is simply not what is going on with the vast majority of public utterances. They have other much more important purposes.
We should criticise Kenwright much more for saying stupid and unhelpful things, than for saying things which are not strictly ’truthful’. Like all the public figures and all the public utterances, up and down the land, truth is not primarily what they are about. Private psychotherapy is for truth, not pronouncements on the OS.
I thought Moyes was addressing Everton fans (including prospective season ticket buyers), current players and potential targets. What a dummy!
Just tip me off if you ever put your house or car up for sale
Oh, and, if you ever sign up for Ebay, please let me know your ID
1. It would depend on the circumstances and my judgement as to why they might be saying what they are saying. The recent transfer example makes my point perfectly.
Elstone says, "We spent all the Lescott money" (he wants most of all to signal that the club is very much behind Moyes, and to reassure the players as well as fans). I totally understand why he is saying this, given the outcomes he wants.
Moyes says, "We spent less than Lescott". He wants to put pressure on the Board to keep coming up with more money, so wants to send the signal that he is not satisfied. I totally understand why he is saying this, given the outcomes that he wants.
Who do I believe? Neither. Any child can see through the self-interest of both statements. I suppose the truth is somewhere in between.
2. Obviously Leeds are more admirable. But that’s not the most important issue. Who is going to achieve more over time with their behaviour? Difficult one. Sheff Utd obviously got more money this time, but they also got a reputation for being much more difficult to deal with than Leeds, so that may make people tougher with them in the future.
Obviously, lying and acting badly can sometimes be to your interest, sometimes not. Case in point: Ferguson and Wenger (and Moyes when he gets the chance) say all manner of ridiculous and ’untruthful’ things to influence referees. If you push it too far, it will probably rebound against you (not going to be many referees playing over the minimum extra time at Old Trafford the rest of this season...).
1. It would depend on the circumstances and my judgement as to why they might be saying what they are saying. The recent transfer example makes my point perfectly.
Elstone says, "We spent all the Lescott money" (he wants most of all to signal that the club is very much behind Moyes, and to reassure the players as well as fans). I totally understand why he is saying this, given the outcomes he wants.
Moyes says, "We spent less than Lescott". He wants to put pressure on the Board to keep coming up with more money, so wants to send the signal that he is not satisfied. I totally understand why he is saying this, given the outcomes that he wants.
Who do I believe? Neither. Any child can see through the self-interest of both statements. I suppose the truth is somewhere in between.
2. Obviously Leeds are more admirable. But that’s not the most important issue. Who is going to achieve more over time with their behaviour? Difficult one. Sheff Utd obviously got more money this time, but they also got a reputation for being much more difficult to deal with than Leeds, so that may make people tougher with them in the future.
Obviously, lying and acting badly can sometimes be to your interest, sometimes not. Case in point: Ferguson and Wenger (and Moyes when he gets the chance) say all manner of ridiculous and ’untruthful’ things to influence referees. If you push it too far, it will probably rebound against you (not going to be many referees playing over the minimum extra time at Old Trafford the rest of this season...).
However, it’s goodnight from me ’cos I’m off to the Lord Daresbury now as I’ve finally got a potential buyer for the Runcorn Bridge
I’m not sure why you are picking me out for not having the morals of a boy scout, Phil. Like all the rest of the world does?? To see how people actually behave you might want to: turn on the TV; read a newspaper; open a history book.
As it happens Phil, all my friends know that I am a terrible negotiator, so you’d be lucky if you got me as a car or house seller.
Man City didn’t make us such an offer and Lescott was staying at Goodison until he made it clear that if he didn’t get his move he was going to throw a tantrum. Faced with this Everton got the best deal they could. Moyes was simply stating the reality that if Man City had come in with a realistic bid earlier and Lescott had indicated that he wanted to go then the deal could have been concluded a hell of a lot sooner.
Alan would you accept Elstone including the lecky bill in the list of what was spent out of the Lescott money?
We are a selling club.
Without the sale of Lescott, Moyes would have been unable to bring in new faces.
The debate on this subject seems a bit more rational since the team won a couple of games!
Without the big investments from outside we are likely to need to sell a top player every now and again, and frankly if the richer clubs (of the time) come poaching there is nothing we can do about it other than extract the best price possible.
In truth it was always thus — Ball to Arsenal; Lineker to Barca; Trevor and Gary to Rangers etc.
Of course, neither apparently do Man Utd (Ronaldo) or Liverpool (Alonso).
We take players from the likes of Portsmouth and Middlesbrough; Man City and Man Utd take players from us, and Real Madrid take players from Man Utd and Liverpool.
We all have our places in the financial pecking order. And, no, we are not at the top anymore.
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It is however misleading to treat it as money spent in terms of transfer fees...
For a start, it’s future outgoings... and secondly there’s no mention of wages that were cut from the wages bill... only those that were added.
Have a bit of sense.
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A little homework required: start by going and finding out what kind of company Everton is...
At the moment, I would say that there are only four English clubs we would really have difficulty resisting if they came after our players with sensible offers: Man Utd, Chelsea, Man City, and Arsenal (and not Chelsea right now...). Liverpool are of course a special case (I would be shocked if Rodwell or Arteta went there, but stranger things have happened). Spurs maybe. The bigger threat for a number of our players is Spain or Italy.
It’s same old same old: at the moment, we sit below the ’top five’, about level with Spurs and Villa, and above the others.
Ciaran — yes and no. I’m sure you are right pointing out that we are a privately held and not a publicly listed company. So a ’hostile bid’ cannot be made directly to the shareholders, irrespective of current management.
On the other hand, if someone wanted us badly enough, planting a story in the media would put a lot of pressure on the current owners and almost certainly do the trick. And if — as many of you seem to believe — Kenwright is mainly in it for the money, why wouldn’t he sell?
And I don’t think there’s much likelihood of this media tactic being emplyed anyway....
The people who buy football clubs don’t seem to be too picky about who they buy... why go through all that hassle Neil, when they could simply try another club... like, er... Notts County?
And I think you over-estimate how difficult it would be to acquire Everton if a sufficiently rich person put their minds to it. Anyway rich investors are very used to going through a bit of hassle to get what they want. It’s actually all part of the fun for them.
"Speaking on the Daily Post website last week, I was challenged about how much we've spent. Are we continuing to support the Manager to the limit? Are we looking to build on the successes of 2008/09? The answer is absolutely yes. The answer is that the Lescott proceeds, after the sell-on fee payable to Wolves, and after funding the not unsubstantial agents' fees, transfer levies, solidarity payments and financing charges, and after picking up a significant increase in our player wage costs has been more than fully spent. In fact there's been an 'overspend' by more than the original budget we set when we were trying to sign Naughton, Delph, Elm and others, in June.
"All our efforts have been directed at maximising our investment in players and negotiating skilfully to get the best talent at the best price. Current Dutch, Russian and now, Australian internationals along with a proven and experienced Premier League centre half have replaced yes, an England centre half but also Van der Meyde, Castillo, Jacobsen and Nuno. It does feel like a summer well spent."
After some of the comments such as 'I used to trust him' or 'just another BK puppet', does it not seem rather reasonable what he has actually said? Personally, hats off to the guy for setting this straight.
To suggest Kenwright and Moyes were playing a game and had masterminded what happened with Lescott is ridiculous. Kenwright flies by the seat of his pants and just makes things up as he goes along. It’s why his statements always contradict each other. Everton realy could do with some lessons on how to operate in the transfer market.
The only definite plan Kenwright has is to move to Kirkby and that is what he is saving for. Elstone last year said we accounted for a bottom half finish and no cup success so the eatra revenue from success in the league and cup must have been put towards Kikrby. The fact that Lescott was sold meant Kenwright could save some more. Had Lescott not been sold, some of the Kirkby money, I suspect, would have been used for transfers instead similarly to the Fellaini transfer last year.
"Speaking on the Daily Post website last week, I was challenged about how much we've spent. Are we continuing to support the Manager to the limit? Are we looking to build on the successes of 2008/09? The answer is absolutely yes. The answer is that the Lescott proceeds, after the sell-on fee payable to Wolves, and after funding the not unsubstantial agents' fees, transfer levies, solidarity payments and financing charges, and after picking up a significant increase in our player wage costs has been more than fully spent. In fact there's been an 'overspend' by more than the original budget we set when we were trying to sign Naughton, Delph, Elm and others, in June.
"All our efforts have been directed at maximising our investment in players and negotiating skilfully to get the best talent at the best price. Current Dutch, Russian and now, Australian internationals along with a proven and experienced Premier League centre half have replaced yes, an England centre half but also Van der Meyde, Castillo, Jacobsen and Nuno. It does feel like a summer well spent."
After some of the comments such as 'I used to trust him' or 'just another BK puppet', does it not seem rather reasonable what he has actually said? Personally, hats off to the guy for setting this straight.
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The alternative point being - that we’re none the wiser...
A altogether unecessary sound bite from the CEO - in my opinion.
If not please stop going on about it.
Most deals are done behind closed doors and people with a lot of money prefer it that way apart from the fact they will have signed confidentiality agreements.
I don’t know about “hostile” but didn’t Hick’s & Gillette reject a bid for Liverpool from Dubai International Capital a while back & this made the papers. Also with respect to your confidentiality argument surely this only applies to sensitive commercial information exchanged between the parties during negotiations. It wouldn’t preclude the other party from coming out and confirming that they had been in negotiations but Kenwright wasn’t seriously interested in selling.
How do you tell the difference between the pres cooking a story and an agressive would-be owner planting one?
The bottom line is that you’ve no idea how those stories came to fruition...and who was responsible.
Please stop guessing.
But do you really think 100% is made up? Do you think 0% of the DIC and Usmanov stories came from DIC and Usmanov?
You don’t have to guess to believe that SOMETIMES people who want to take over clubs go public.
That disproves Jay’s claim.
The DIC negotiation was made public by one ex chief executive of Liverpool at the behest of Hicks and Gillette who wanted to take the pressure off themselves with the supporters and DIC’s interest had been known about since before Hicks and Gillette took it over in fact they had an agreed deal on the table.
Usmanov already had a 25% share in Arsenal before talking about a rights issue therefore is not the situation we’re talking about.
So neither of these examples is relevant to Kenwright and buddies position.
common sense would tell you that the interested party would not want it made public because that would alert other parties.
It’s similar to buying a player if you’re interested in buying you keep it quiet until the deal is done.
If you’re the selling club it is in your interests to make it public.
The DIC stories were no doubt fuelled by Waldorf and Statler’s wrongly predicted financial doom...
..And Usamov was an existing owner...not a potential owner. That’s a different kettle of fish altogether...
Your argument remember is that NO ONE ever goes to the media to place stories to put pressure on current owners. And therefore it is quite possible that Kenwright has received dozens of good bids but he has turned them all away and we have never heard about them.
My case: this is a bit unlikely to start with. We’ve never heard a whiff of ANY of these bids over all these years? Hmmm... Secondly: we have plenty of examples of non-owners placing stories in the media to try to improve their chances of becoming owners.
QED.
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Of course Jay - it’s a closely guarded secret that Kenwrigts looking for a buyer!!
Jay, you are getting a bit desperate now with your ’not alerting other parties’ point. Remember: the person we are talking about has been TURNED AWAY by Kenwright under your assumptions. They are getting absolutely nowhere in this scenario in their desire to purchase our football club. They have nothing to lose by going public!
Maybe you can also try to answer this one. Do you two seriously contest that if a rich Arab or Russian went public tomorrow, it would not put ENORMOUS pressure on Kenwright? Please tell me: if they seriously wanted the club, why on earth wouldn’t they do this?
Remember again: these are people VERY used to doing contested deals and putting up with a bit of hassle.
Re Fulham your memory of the Radzinski affair is a little different from mine, to be fair he was upset that Rooney was getting more of a look in but he was offered higher wages there and off he went, same with Collins, Johnson was a forced sale to balance the books as with Lescott, Davies well who cares!! we have been out-muscled by them on a couple of occasions when looking to buy Murphy, Geera and Bullard spring to mind.
Three points
1. Randy Lerner was interested in Everton before he pursued Villa because "He was given no encouragement by EFC".
That was 4 or 5 years ago and has only just reached the public domain.
2. If a top entrepreneur like BK (not IMO but in many others) is looking for investment 24/7 for over 9 years while the likes of Portsmouth and City change hands twice dont you think something doesnt stack up.
3. There are things I know which I can't and won't say on here but you’re a management consultant. Put a call in to Keith Harris and enquire about the sale. Trust me, he will speak to you and you might be surprised what you find out if you ask the right questions...
Kenwright is stating publicly that he wants to sell but trust me he CANNOT sell until Kirkby is resolved.
Read my answer to Neil.
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1 Posted 22/09/2009 at 13:47:14
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I don’t believe that for a second. The fact that he’s deliberately subtracting new player wages from the Lescott money received - simply makes it another bit of financial gerrymandering... He should’ve quit while he was ahead.