The Mail Bag
Who has sold 290 shares to Bill?
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Even though it's all doom and gloom at Goodison, I was thinking about buying a share in Everton and was looking on the official website of how to do it. I was under the impression that there were 35,000 shares available in EFC. Can anyone confirm this?
Can anyone spot the difference here http://www.evertonfc.com/assets/_files/documents/feb_10/efc__1265113120_Everton_Annual_Report_and_Acco.pdf (PAGE 9 - No. of Shares that BK owns was 8,754). Compare with http://www.evertonfc.com/club/everton-shareholders.html which now means that there are 35,290 shares in Everton FC with Bill owning 9044.
Can any shareholders confirm if they have sold 290 shares to Bill, or were these new shares created? Or is it just a mistake on the website and sack the web designer?
Tony IAnson, Posted 02/01/2011 at 11:34:49
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I will contact the club and ask them to correct the website figures and ask how I can go about buying a share in EFC.
I just don't understand why he would want to buy extra shares just for the sake of it though, or am I just being naive? I don't know what's worse, trying to understand the business of football or football itself.
The list is endless and we keep doing it.
Many comments on here over this festive period suggest there are lots of fans who have basically given up. I just hope the team haven't because the thought of relegation does not bear thinking about.
I'm far from being a Bill Kenwright fan, but why overlook the most simple and likely of scenarios? I know little about corporate business, but IF Bill is looking (24/7) to sell, wouldn't it be better to sell a larger share of the club?
I haven't a clue who owned that many, unless the Shareholders Association have sold up en masse? But I'm sure we would have heard about that.
Alternatively if you want a couple off the proverbial back of a lorry, so to speak, contact me privately and I?ll show you who it is that even directors have to ask to get hold of additional shares; probably do you a few hook shirts and jumpers into the bargain!
They've succeeded in bringing the club to its knees, if their pernicious influence continues for much longer, I hate to think of the consequences.
I also say you are wrong in that BK will personally own shares but the Company pays wages and maintains the pipes etc.
Tony, thanks for your comments and Colin for the means to buy should anyone want to.
The shares are bought and sold on what is called a matched bargain basis which is the broker has a list of potential sellers and matches that to the list of potential buyers.
Now I don't know the price of the shares just now, but have a rough idea and even the purchase of 290 costs a fair few quid. So back to the original query, why would someone with control buy more?
Control is defined as either owning or being able to exert a controlling influence over 20% or more of a Company. BK is in that position.
The same reason anyone or anything would want more; power and/or greed.
I suppose it doesn't really matter who he bought them off, but is it a sign that the buyer he has been looking for since he became Chairman been found at last? I think that's the question every Evertonian across the world should ask themselves.
What i do know is that the club/board/BK or whoever seem to intimate there is no money.
290 shares will have cost an awfull lot (at my level) of money for what appears to be no real gain. Control remember is established already and there are no known plans to pay dividends.
The shares trade at variable levels but somewhere between £1,200 and £1,500 each is not wide of the mark.
So back to your question. What is going on?
I do remember last year a shareholder with a large number of shares wrote to all shareholders via email stating he wanted to sell and asking if any interest - think this was well over 100 shares, so maybe Bill stepped in.
Craig - Not yet.
Club came back to me with a thank you for pointing this out. On http://www.evertonfc.com/club/everton-shareholders.html the small shareholders figure has now been adjusted to 11,188 and Bill's remains at 9044.
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1 Posted 02/01/2011 at 15:00:50
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To me, it looks like Kenwright?s newly acquired shares haven?t been subtracted from the minority shareholders total. There's only one person I know of who had this amount and we?re back to the murky deals that enabled Kenwright to become chairman.
Amazing how our oh so poor chairman can?t find a plan to generate money for lagging pipes or paying overtime or supporting our manager with a single penny but he can find the money to increase his shareholding, which ? come the weigh-in on selling day ? will pocket him another £1M if things go to plan.
On the other hand, it could just be another fuck-up on figures... Everton have form there!