Season 2011-12
The Mail Bag
Another take on That Meeting
25 Comments: Sorry about another post on that Blue Union meeting with Bill Kenwright but I have read and re-read the transcript and there are a couple of points I would like to highlight. I would also add that I have been calling for Kenwright to go for at least 5 years.
The first:
The Chairman was aware that information from the meeting would be supplied to supporters. The only confidentiality exercised surrounds matters concerning the chairman?s private and family life, which he is clearly entitled to expect and we are equally happy to respect.
How can he ever have thought that a transcript of the meeting would not be published? A number of times he encouraged the three Blues to "write this down" and "Make Sure that you get this down"
Second.
?Of course Keith Harris is involved?.Keith Harris is involved on a daily basis."
My only comment on this would be, well, why is he still involved? He has produced nothing, indeed according to Bill the only interest if believed was from The Inventor and the ICI impostor The next comment really had me scratching my head...
Bill, ?Well I?m speaking on behalf of Robert, Jon, Arthur and Philip; we?ve got the club, we own 75% of the Club.
He then later on in the interview goes to great lengths to say that Phillip Green is just an advisor and is not interested in owning any part of the club. Very Strange.
I Think publishing the transcript of the meeting was the right thing to do in the present circumstances. BK is doing again what he did so cleverly and successfully with the failed Kirkby Project. He is dividing the fanbase, for that he he should be totally ashamed.
The one clear impression I got from reading his comments was that he clearly is delusional.
For me, well done Blue Union.
Steve Sweeney, Posted 24/08/2011 at 18:24:51
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I don't think it matters anymore, he has show his true
colours, he is fast becoming even more of a joke.
Everyone and his dog knows we have no money.
What we do have is great tradition and potential.
An astute businessman with vision and a will to take the club forward is out there. But Mr Harris it seems is unable to find them,
Great win tonight tho.
http://themondaysupplement.co.uk/headline/everton-to-announce-major-new-investment7654/?
Lets hope we find a real buyer very soon.
Nelly #2 I suspect you are 100% right and that it is Philip Carter
Gavin #3 Philip Carter does not control the voting rights of more than 10% of shares and therefore qualify as a Shareholder of "Significant Investment" (same as me!) - so I think your statement is correct but your implication/conclusion is wrong
I think you have missed the point: Messrs Kenwright, Woods and Earl as the Significant Investors total only ~68% of the equity. BK points out that he, "Jon, Robert and Phil" control 75% of the equity, which is a significant percentage under the Companies Act in that this is the threshold to effectively control the Company in its entirety. This therefore suggests that "Phil" (Carter I presume) owns between 7-10% of shares - not enough to be named but enough to form the controlling group referred to.
Even if it was taped, it wasn't illegal and wouldn't you prefer to know what Kenwright said? I actually think it's these idiots with their ridiculous morals, getting on their high horse about 'taping' that are splitting the fan base. It's clear from the transcript Kenwright is an absolute clown and completely out of his depth. The Blue Union's transcript should act to unite us all to force some change and get Kenwright out rather than split us into diferent factions.
Do some fans really want to see Kenwright stay in charge becaue they'd rather focus on things being taped than what was actually said? What a shame that we have such an idiotic section of the Everton fanbase.
If one of the "major" shareholders were to sell their shareholding the shape of the board would most definitely change too
Now I'm a bit naive on such matters so you need to help me out. Apologies for my simplistic view but I'm a scientist ... not a businessman. As far as I know Bill Kenwright is majority shareholder. So for him to 'walk away' someone needs to buy his shares, right? Unless there is someone willing to buy those shares he is 'lumped with' the club.
I find myself in a similar situation ... I'm trying to move house at the minute (desperate in fact, as I'm starting a new job 300 miles away in 13 days). However as nobody has put an offer in to buy my house, I am 'lumped with it' and obviously can't just walk away from it especially with an outstanding mortgage, can I?
If Bill has a fault it`s relying on Ross and his clowns to advise him `on publicity`. Over and over again, they have either given our Chairman the wrong steer or uttered garbage themselves. He should sack the lot of them!
BK is on record as saying there has been interest in buying Everton but for various reasons a deal could not be finalised.
The main question is, not who will buy his shares, but how much is he asking for his shares.
The reason that he cannot sell is perhaps that the price
is too high. Just like the guy with the house for sale
it will never sell if it is deemed to be overpriced.
From reading the transcript I really wonder now if
Blue Bill has any real control over what is happening
or is he a muppet of Green who has bankrolled him and is wanting more back for his investment in Bill.
Hence the huge increase in Operating Costs.
Whatever- this clown and his ADvisor need to be forced out.
And again, your point about True Blue or any other alliance is factually correct but again not relevant.
If a group is a formal alliance or individuals with a common purpose it doesn't really make any difference does it so long as there is common purpose? Clearly the four shareholders named making up a 75% holding are politically aligned and in agreement. Anything else is semantics.
This is obviously what Bill means when he says "we own the club", formal TUC type block vote or not.
How the club can justify Ian Ross?s employment is totally and utterly beyond me.
For me, his continued employment by Everton is proof that that the club treats its supporters with a ?total lack of respect?. (See what I did there?!)
The man is a 24 carat gobshite, and is the perfect example of the disgraceful, disgusting and despicable attitude the club has towards its fan base.
In fact, you could say, he is just an un-educated drunken nobhead :-)
*DISCLAIMER* This is just a play on words from alleged viewpoints of his which he has allegedly said, and in no way do I suggest that Mr Ross Esq. is a gobshite, un-educated, drunken or a nobhead.
In fact, fuck it, my solicitor is better than yours! ;-)
(Sorry Michael, you?ll probably be receiving an email soon telling you to take this post down or face legal action)
I would love to have a one-on-one meeting with him and hear his justification for some of the things he has done.
On the contrary, I think that the Everton PR department has been superb over this issue.
The Blue Union interview for me was dynamite: a clueless chairman without a grip on what is happening at this club, meandering around with no clear strategy to get us out of the mess he has presided over the creation of.
Yet what are we and everyone talking about?
Not the content but the fact that the meeting was taped. All because that was the chaff that the PR dept threw up to mis-direct Evertonians away from the real issues. It was fantastic PR - and it worked, talking to people at the QPR game. Three times I was told "the Blue Union was out of order" or "they've lost my respect now". Three times I had to guide the conversation back to Kenwright's failings.
That transcript was a PR disaster for Kenwright and it was skilfully turned to his advantage by Messrs Ross et al.
Listen, I am all in favour of BK/the board calling a press conference or making a public statement to state that the club is officially for sale (if that hasn't been done already). However, calls for 'Bill Kenwright Out' or saying he should just walk away seem as impossible as they are naive.
He could retain his shareholding but announce the appointment by the board of a new chairman, someone with business acumen, ideas, experience and imagination, and someone who would have the authority to seek a buyer for the club (clearly the shareholders would retain the right to veto the buyer).
The appointment to the board of an outsider would possibly require endorsement at an AGM/EGM but hey, we have those all the time, don't we?
Owning the shares and running the club are two separate matters.
BK has stated that there have been several enquiries (I believe earlier this year he said he was talking to 4 different parties), but when it comes to producing the cash, the investors become very aloof. Now we now know that some of breakdowns was down to a lack of due diligence on the part of Everton but not all of them.
An asset is only worth what someone is willing to pay, no matter what price is assigned to it.
Chris, that's fine mate, and I appreciate your answer - that is why I asked the question after all. I'm still not entirely convinced though, I can't see many people who would be prepared to take on that responsibility as it not a salaried position. Regardless, my understanding of Bill's role (especially following the Blue Union meeting) is that he doesn't 'run the club', he has chief executive officers and whatnot to do that. So if he stepped down it would be the same people running the club.
I would suggest that they address the main problem, forget the personalities, and look at the bigger picture. The banks who are the biggest creditors are asking for the money to be paid back quicker. We might get a stay of execution in this transfer window but come January they will demand that players are sold or even worse as happened at Liverpool they could put their own man in charge with a remit to sell Everton.
Make no mistake, they don't care for the future of Everton, so any asset stripper will suit the banks, then we will really have something to worry about
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1 Posted 24/08/2011 at 21:28:19
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