Came across this little snippet on the NSNO Facebook page.
Apparently (allegedly), Bill is preparing to sell up, the rumoured new owner is supposed to be one of the parties who where formerly interested in buying out LFC but see us as a better investment.
Has anyone else heard anything about this?
Franny Porter, Posted 24/04/2010 at 20:53:28
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1 Posted 24/04/2010 at 21:30:56
2 Posted 24/04/2010 at 21:47:40
3 Posted 24/04/2010 at 22:00:10
4 Posted 24/04/2010 at 22:34:54
But I just can’t get my head around why anyone would want to put in money. If the Evertonian billionaire fan existed, he would already have appeared. So anyone else is doing it for a financial return and that could mean RS or Manure-style debt.
And while we aren’t a Portsmouth, we don’t really have the international brand currently which could protect the club in case someone starts loading us with excessive debt.
5 Posted 24/04/2010 at 23:06:45
So, unless we are looking at a Chelsea/Manchester City type scenario, I can't see anything too dramatic happening. Perhaps if the current Board take a reasonable pay-off, we may see a simple change in control to new owner(s) who feel they can run the business better than it has been over recent decades & enable the club to gradually progress, but it's all what-ifs & maybes.
6 Posted 24/04/2010 at 23:57:35
7 Posted 25/04/2010 at 00:26:42
8 Posted 25/04/2010 at 00:32:21
9 Posted 25/04/2010 at 00:29:48
10 Posted 25/04/2010 at 01:15:24
I didn't realise coming 5th last year and 8th this year with a higher debt was progress!
11 Posted 25/04/2010 at 01:14:59
12 Posted 25/04/2010 at 01:47:14
There are many different reasons why (as an example) Asia-based investors eye the Prem. A CEO of an airline here (also a principal of an F1 team, Chairman of a Basketball team etc.) wanted to get West Ham. No co-incidence he'd set up a low cost airline from Asia to Europe. It's about marketing exposure, as the PL is a global brand. And whether you hate language like "leveraging the brand", it's here to stay.
But countering that, you have the situation at Notts County, Portsmouth, and across the park. I've no idea what Hicks & Gillett's strategy was, given their other sports investments (though I suspect they eyed a quick-flip after the new stadium started for a vast profit), but hypothetically, if Liverpool had had a great season, would they be in dire straits?
As mentioned above - the leveraged buyouts tend to be focused on the teams at the top (who cost more to acquire). We ain't that.
As also mentioned before, we don't do well commercially in terms of local fanbase buying merch, or globally. But therein also lies an opportunity.
13 Posted 25/04/2010 at 03:17:55
14 Posted 25/04/2010 at 03:50:46
15 Posted 25/04/2010 at 10:15:24
Given what Everton cost and it's current debt, I'd not be surprised if it's similar here and there was always the claim that he wanted to keep some board membership too... bit of a pisstake really.
16 Posted 25/04/2010 at 10:18:28
17 Posted 25/04/2010 at 11:16:42
18 Posted 25/04/2010 at 11:17:04
19 Posted 25/04/2010 at 12:00:51
20 Posted 25/04/2010 at 12:16:59
How exactly would he do that?
He's already proved he' a financial munchkin.
21 Posted 25/04/2010 at 12:40:51
As sadly the 3 o clocks kick offs on Sunday are usually sandwiched between two more lucrative games... and overlap with these kick off and end times.
Normally I can get these game broadcast on Romanian, Hugarian or Albanian stations... but today these aren't even showing it...
It is on one of the Swedish stations though which means it'll be available on the net...
22 Posted 25/04/2010 at 12:53:29
Bill Kenwright is not George Soros, but he has run his own business successfully for a number of years, in the process becoming a millionaire. This is all idle speculation of course, but if he were to stay on as a member of the Board, he would presumably continue to hold some shares, and would therefore be in a position to influence decisions.
23 Posted 25/04/2010 at 13:05:21
24 Posted 25/04/2010 at 13:07:27
Actually some might argue that under Kenwright, we’re still here. I wouldn’t give him an A+ for taking things forward, but if I think back to Agent Johnson and state we were in (e.g. Ferguson’s sale), I think we could have done a lot worse.
25 Posted 25/04/2010 at 13:18:30
A clean break would be a favoured option for me...
26 Posted 25/04/2010 at 13:23:34
I'd agree with Ciaran that a clean break would suit me from Everton's own Peter Swales.
27 Posted 25/04/2010 at 13:33:03
28 Posted 25/04/2010 at 13:31:00
I have heard it's supposedly on ESPN2 in the US... and Cairan, US bars have typically 2 to 4 or more TVs showing more than one game.
Tony, perhaps you could help me: name some bars in El Estor, Guatemala, where I could watch it? Coz that is where I am right now.
29 Posted 25/04/2010 at 13:42:12
I was merely saying that todays game was not being broadcast on a lot of stations in Europe, Africa and Asia....
But if it's on ESPN2 then I suppose my post is obsolete
30 Posted 25/04/2010 at 14:31:35
We need financing from somewhere and “24/7” has not brought it yet. That has to count as some sort of failure. However, we could be a lot worse off, as I’ve said. Anyone fancy the sort of Johnny-Come-Lately profiteers we have seen in other places?
31 Posted 25/04/2010 at 16:00:45
32 Posted 25/04/2010 at 16:03:42
I literally pissed myself when i read;
"What he (Bill) lacks in funds he makes up for in understanding"
In Terry Tibbs style;
Kings Dock...talk to me!
Russain Millionaire...talk to me!
Swiss Financiers...talk to me!
Keith Wyness...talk to me!
Evertonian Billionaires...talk to me!
Destination Kirkby...talk to me!
Looking 24/7...talk to me!
33 Posted 25/04/2010 at 17:30:21
Sorry, Danny, I don't know any of those details, just heard that the interested parties are European.
34 Posted 25/04/2010 at 17:48:05
Other than the participants involved, no-one really knows the “truth” about the various claims and counter claims. As a lawyer might put it, recollections vary and the facts are in dispute.
What we and the birds in the trees do know is that Everton have been formally for sale for some time, and at the very least since our Chairman announced it at the Everton Supporters’ Club in London meeting in the Summer of 2008. I know that much for certain; I was there.
And if Lord Granchester, Lord Haw Haw or even Lord Lucan want to stump up some cash and make a bid now, I guess they could. But what really matters is getting the right sort of owner. I actually asked BK at the aforementioned meeting how he would make sure of this. He answered that it would be done by carrying out a proper due diligence on whoever came forward.
I guess that like Kirby, Coleman and Cahill, there will always be issues which split Evertonians. And the merits or otherwise of Kenwright’s tenure will forever be one of them.
35 Posted 25/04/2010 at 21:28:58
36 Posted 25/04/2010 at 22:48:48
No-one knows at the time of the BK and Gregg's takeover who was in the running to buy Everton as, technically speaking, the For Sale sign never went up and BK was a Board member who arranged a quick way out for Johnson, so your statement is supposition at best.
By the way, due dilligence is performed by a buyer not a vendor, the idea is a nonsense; does BK block the sale because he says the buyer lives in the wrong country, isn't an Evertonian, can't speak English or won't give him a seat on the Board? The only thing a vendor can demand is that the buyer has the readies to meet the asking price.
37 Posted 26/04/2010 at 00:10:45
I was lucky enough to be in Paris this weekend, hotel by the Louvre, walk down the Seine, Freud at the Pompidou, snails, grilled sardines, wine, cognac and expresso, 22 degrees and beautiful women everywhere.
But something was missing. I've been home for an hour or two, watched MOTD2 (get in Miky) and you've got it in one.
Summer is definitely here. Nice one.
38 Posted 26/04/2010 at 00:02:31
Club is playing good football and appears to be solvent (just). Manchester City will never generate the money they are spending, Chelsea never did either. A mega rich new owner is just bullshit. Where is the real achievement in buying what you can't afford or hope to recoup?
The more clubs who do 'a city' the more unrealistic the EPL is and more sorry will be the end.
I do not know Kenwright or the business dealings of the club, so I have no opinion of him, I just get tired of listening to people demanding a billionaire in shining armour to purchase the title.
There is always something attached to billions of pounds and that is a ruthless bastard who would leave your club to pay a vast unsustainable wage bill the day your club no longer suited them. Not worth it.
39 Posted 26/04/2010 at 04:26:29
I for one would be happy for someone or some group to come in with sufficient funds to clear our debt (which is negligeble compared to some of the clubs above and below us in the league). Then build on the good foundation we already have. A few quality addtions to the side and development on our ground would do us a world of good.
Not all foreign investment is a bad thing. Look at what has been achieved at Villa... It would be foolish to expect instant success, but it would surely reduce the parity between ourselves and the clubs with money flowing out of their arses!
40 Posted 26/04/2010 at 11:00:36
If Kenwright was a yank there would have been a massed protest to get rid of him years ago: he tells lies, is incompetent and our business model consists of selling players to finance the running of the club. His saving grace (whether you think he's great or not) has been Moyes.
41 Posted 26/04/2010 at 11:16:22
If – as hypothesized greatly in recent times – Phillip Green (and by extension, Robert Earl) is really the man making the decisions, then the death of Desperation Kirkby will surely have been the end of his interest in Everton Football Club?
I think the club might actually REALLY be up for sale for the first time in a long time (as Kenwright himself said in the past – it wasn't really "for sale" when they bought it) simply because the man with the money has finally decided he wants out?
42 Posted 26/04/2010 at 12:20:46
I haven't see a single person on this site "waiting for a billionaire". The only person I can think of currently doing this is Bill Kenwright himself.
Spot on! Our debt is a lot smaller than that of City or West Ham or Newcastle's was.
We could renovate GP stand by stand for a lot less than the cost of building elsewhere. The bonus being our stadium would then be a substantial asset on the balance sheet. Which it probably isn't now. Thereby the money spent on the ground increases the club's value and revenue.
With £50M we could buy the 3-4 top players we need to compete with the Top 4. Which is a lot less than City/Chelsea/Spurs have all spent.
43 Posted 26/04/2010 at 13:21:39
Phil, agree with you totally.... way to go!
44 Posted 26/04/2010 at 15:05:28
In posts before on this site I am certain that there have been demands for wealthy Russians/Arabs/Martians to buy Everton. In fact, everytime a club gets bought by anyone, there are people who can't see why it wasn't us.
I am sure, in time, something will come along, good or bad... but it is not controlled by the fans and not even influenced by the fans, so, whatever happens........
45 Posted 26/04/2010 at 18:17:14
In other words, it's as pointless to speculate on who has been or is interested in buying the club as it is to claim that nobody is or has been interested in doing so. As always, we live off scraps of rumours & any "truth" that may emerge will certainly be less than whole.
I'm surprised that Kenwright would be announcing that the club is for sale as he doesn't own it entirely, or even a controlling interest. Was he just talking about his shares or speaking on behalf of the whole Board? Why has the club issued denials of seeking a new owner if the Chairman is happy to admit that's just what they're doing? Although you were present to hear it, that does not make it fact that it's actually happening, sadly. I'm sure it's at Board level that we need some change(s), whether or not that includes the departure of Kenwright.
46 Posted 26/04/2010 at 19:26:21
47 Posted 26/04/2010 at 20:49:00
The following link summarises what BK said on this subject at the ESCLA meeting which had taken place a few weeks previously:
The article implies, as he did on the day, that he was in the driving seat as regards the sale. What his fellow directors’ and shareholders’ current requirements are, post Kirby, and the change in the global financial climate, is anyone’s guess.
What we do know is that BK has been saying consistently that he has run out of financial road. We are about to hit another Summer and our further progress could be hampered by lack of funding. If BK goes as part of a sale of Everton, then so be it. But I would be as, or more, worried about the possible motivations of any new buyer as many people on here seem to be worried about the motivations of Bill Kenwright.
48 Posted 26/04/2010 at 21:34:58
As recently as 11 March, Kenwright is quoted on the Everton website as searching for an "investor" — does this mean that the club is for sale? Would any potential investor gain complete control? Would they replace one or more of the current Directors? It all seems somewhat unclear — whether as a matter of commercial sensitivity or whether we're being fed more bullshit, I don't know.
However, I feel it would be possible to have a Board that performs better than ours currently does — if that can be achieved by the current Board, or as a result of a change or two, or even a complete clean sweep makes no difference to me.
By the way, you made me smile with the slight understatement "progress could be hampered by lack of funding" — that could be our motto for the Kenwright era!
49 Posted 26/04/2010 at 22:09:19
I suspect you’re probably on a safe wicket with that one.
50 Posted 26/04/2010 at 22:32:30
51 Posted 04/05/2010 at 23:16:52
These links may help:
With the following bar listed as an Everton Supporters' venue:
You can e-mail them for more info: firstname.lastname@example.org I would expect, however, that every sports bar in NYC will be showing the opening England game of the tournament (the locals may be a little more interested than usual in the beautiful game for some reason). There is, of course, the risk that the commentators will be talking US soccer jargon (also known as 'bollocks') which really, really grates.
Greetings from Vermont/NH border. (Tony too.)
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