Season 2011-12 Fan Articles
In Response To Mr Kenwright...
By Charlie Percival :: 20/08/2011
12 Comments (»Last)
Well I?m not impressed. I?ve made some comments as I?ve read through the first link.
1.Derek Hatton has not got a good reputation and I?m surprised he?s named as an ally. That?s not good and I don?t think and reputable company would want to buy Everton if Derek Hatton was in the picture.
2. Why don?t they involve someone reputable like BBC pundit John Parrot instead?
3. Paras 13, 14 - Man City were also sold. Also, taking over a debt is part of a sale. Liverpool owners bought the club which includes taking over any debt. Not sure why Kenwright is saying this. It?s a stupid thing to say.
4. He keeps saying he doesn?t know why the club isn?t sellable and yet he says he?s the best person to sell it. This is a huge contradiction and a stupid thing to say. A man at the head of a business knows why his business won?t sell better than anybody. It?s common sense.
5. He?s saying he won?t give exclusivity. But that?s exactly what he?s doing by doing everything himself, which I think is very little. He?s hanging on to his shares until they increase in my opinion. Also he can get his mortgage money back immediately he resigns his directorship. He may have mortgaged his house but did he lend the club any of the money? Where did it go? If he did then when he sells or resigns Everton will have to repay the loan to him, probably with interest.
6. ?Theres a guy in Italy and Abu Dhabi?. It says nothing. Who do they represent and who are they? What?s the value being put on the club. Is it too high?
7. By saying there?s no money out there is utter rubbish.
8. He then evades the shares question.
9. EBITDA is an accounting model I don?t think a football club should be using. It?s more aligned to Telco?s who have to invest millions in hardware for networks, for example, which take years to complete before they can use the network and get a return on their investment. Football's not like that, it?s much more short term. I think Kenwright is trying to baffle them with science and he?s unclear of the mechanics himself.
10. When he says I?m not going to get angry means he is getting angry. When people get angry it?s often because they feel guilty and go on the defensive.
11. Re the cash-flow statement, I think it?s nonsense. He needs to re finance the club with another bank. There are loads of banks out there who would help. If the current bank won?t help then move. The whole statement is full of contradictions. Why would Sky money be anything else but a positive? I don?t see what that?s got to do with borrowing.
12. I think Bill's going a bit mad. He?s obviously feeling threatened and making very awkward remarks and statements. He?s meeting someone at 8 tonight ???.. his doctor ?. And so on. He?s gone mad!
13. Next it?s a disgraceful answer to say he doesn?t know what Other Operating Costs are ? "it?s just a heading" ... that?s incompetence. A chairman should know what every entry is in the clubs accounts particularly when its £24M!
14. He?s very defensive and they?re right he should know what this money is. He is now becoming threatening. Not good.
15. I?d have asked who audits the accounts. Who are the accountants and who are auditing the entries to ensure they stack up? If the money is going to the board under operating costs that?s all legal so possibly that?s where it?s gone. But of course he won?t say.
16. I do accounts with my accountant with my company and it?s not rocket science. The only government obligations are that accounts should be presented to Companies House (completed by a qualified accountant) once a year, 3 months after the end of year closes. As director, I am obliged to know what all the figures are. It?s also a legal requirement that all entries are supported by adequate records which must be kept for 6 years I think it is. To say he doesn't know is bordering on illegality (if he said that to a government inspector).
17. You don?t need to be a shareholder to get hold of any company?s accounts so not sure why he is saying that. It costs a pound to get them from the government centre based in Cardiff. You can also do due diligence on Dunn and Bradstreet. Don?t have to be a shareholder and it?s too expensive anyway. Everton shares are about £1,500 each (nominal shares).
He is an actor and this interview is pure theatre, that?s all.
Reader Comments (12)
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2 Posted 20/08/2011 at 20:57:49
3 Posted 20/08/2011 at 22:42:11
4 Posted 21/08/2011 at 03:52:03
5 Posted 21/08/2011 at 07:49:12
A patronising, delusional, bullshiter of the first water. If he ever got real power this Club would end up like Syria.
6 Posted 21/08/2011 at 08:01:16
All clubs divide revenue into three streams - matchday (inc corp hospitality), broadcast, and merch. I've seen the breakdown for clubs in England, Germany and Spain. All are different profiles for a variety of reasons I won't bore you with now.
For Everton, the limitations of Goodison with respect to matchday income is well documented. 13 corporate boxes is tiny. To have publicly stated that we used to lose money on merch is shocking. To outsource everything and claim that as success is also poor.
My real concern for Everton stems from the fact that we are not capitalising on the opportunities that the global broadcasting has brought in. Our deal with Thai Bev is up this season, and I don't doubt that another deal will come in along the same lines and be trumpeted as the biggest in our history, yet will still be about half what Aston Villa have.
So much opportunity, we should be an attractive proposition for an investor surely? Hmmm, perhaps not when you realise that some of our primary revenue streams for the future have been mortgaged off.
If they can't sell the club, it's because they've made it unsaleable. Mission accomplished.
Beneathus was right. We are a small club. We certainly operate like one.
7 Posted 21/08/2011 at 08:42:27
8 Posted 21/08/2011 at 09:36:16
9 Posted 21/08/2011 at 16:37:31
10 Posted 21/08/2011 at 22:29:32
11 Posted 21/08/2011 at 23:53:20
The more I think about this bloody meeting, the more I think it was an attempt at a set-up. Derek Hatton, that well known trustworthy individual, sets up a meeting between a newly formed group and our beloved leader. That should start alarm bells ringing right away!
I think this was a deliberate attempt to discredit the representatives of Blue Union. What on earth were they supposed to do?? Sit in front of the great man and listen in awe as he agonises with them his hopes and fears for his beloved club? My fucking arse. The man is either a total dreaming incompetent or he's a liar.
He states, does he not, in response to the pronouncement of Ross, "Who said that... tell me"; when told who it was, he replies with a "Oh, I didn't know that." He does it again when the Chief Executive's words are read out to him , about the stance that the board took during the DK hearing. "No director is willing to sell their shares in the club" "Who said that? says Bill, "Your chief executive" was the response.
As far as I understand, the meeting wasn't taped. But whether it was taped or not... probably not, those three lads would have a duty to report back to the folks back at home (the joint membership of three organisations. What were they expected to say?? "It's okay, lads, Mr Kenwright has it all in hand, so don't worry your pretty little heads.
What is worse, is we now have Moyes coming out and saying that they showed a lack of respect. This to me has now drawn the line on exactly which side of the fence Moyes is on. I've never really criticised him over his managerial qualities, suffice it for me to know that he is the manager of our football team. I've often thought, however, that he is a boring, cautious and extremely stubborn man who wouldn't know how to have our team playing exciting football unless he had a brain transplant.
This now though, is different. Instead of keeping quiet over a meeting he didn't attend (I assume) he has jumped on the Kenwright bandwaggon and sullied then name of the lads who wenty to meet thaty bloodyb charlatan, in good faith.
I swore last season that I would not go again until that bastard who is killing our club, fucks off and takes his Spurs supporting mates with him. Awful that Blues should have to make decisions like this but that is all we have left. Stay, support the team, and don't ask awkward questions (as if we don't support our club anyway) or make a protest.
I really hope I'm wrong but the crew who have got a strangle hold on Everton Football Club, are doing just that. Strangling the life out of our club. Not only our club, but our fathers', our grandfathers' and our great-grandfathers. What the fuck is going to be left for our children? Wake Up, Blues!!
Brilliant post, Charlie.
12 Posted 26/08/2011 at 20:31:18
"There are loads of banks out there who would help. If the current bank won?t help then move".
Whilst I agree with most of your post,you are in cuckoo cuckoo land regards the above. The banks are NOT lending money if there is any risk of defaulting on any loan.
If you were a bank manager would you lend any money to Everton in the current environment?
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1 Posted 20/08/2011 at 19:23:51