Season 2011-12
The Mail Bag
Champions For Sale: £1
52 Comments: Those who believe that the answer to Everton?s problems may be solved simply by setting the asking price low enough should take a close look at Glasgow Rangers? predicament.
Sir David Murray sold the club for just £1 in return for a promise to settle debts and invest in the club. Perhaps somebody even said to him, ?If you love this club, Sir David? let go!?
It?s the kind of move that some who post on this site would have welcomed from Kenwright, no doubt ? just take over the debt and club is yours. However, the £1 price tag made Rangers vulnerable to predators ? who wouldn?t buy a perennial competitor in the Champions League for just £1 and a promise?
Now it turns out that not only did Craig Whyte, the new owner, not invest as he promised, he didn?t even pay the PAYE taxes he withheld from the players wages. Now Rangers face all kinds of restrictions on their activities during administration and they could be expelled from Europe next season.
The lesson here is that there is no short cut to solvency. Yes, Kenwright should be pressured to sell, but the best assurance that Everton is being sold to the right person is their ability to pay a fair free-market price, not one that has been artificially deflated.
The current restrictions that have been imposed on Everton by the banks are difficult to live within but we will ultimately be stronger over the long term if we control spending and debt. Not every new buyer is a saviour... as Rangers fans just learned to their cost.
Jack Molloy, Posted 14/02/2012 at 22:02:23
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Yep.
I have to agree with your logic Jack. I know the main arguement from some quarters is that BK is asking too much but we don't really know exactly the detail involved in a sale and what his asking price is.
To be honest even though it may be lip service from BK I do believe when we are sold it should be to the right organisation/people.
I have to agree with your logic Jack. I know the main arguement from some quarters is that BK is asking too much but we don't really know exactly the detail involved in a sale and what his asking price is.
To be honest even though it may be lip service from BK I do believe when we are sold it should be to the right organisation/people.
Tony, I doubt the noises made by the BU had any impact on the clubs transfer window.
My opinion only.
My opinion only.
Apparently there are EIGHT Premier Clubs who have been using the same players pay tax dodge that has scuppered Rangers i.e not paying players just giving them loans that they dont have to repay and of course theres no tax on a loan 'cos its not really income. HMRC are also investigating them too so lets hope Billy has not been hiding that little secret from us.
Couldn't agree more, Jack. Sobering times indeed. A case of, "Be careful what you wish for..."
Maybe reality will finally catch up with the cloud cuckoo land where the majority of clubs have been living for so long?
Maybe reality will finally catch up with the cloud cuckoo land where the majority of clubs have been living for so long?
On Radio 5 they were talking about how Revenue & Customs are owed money by Rangers relating to the time when David Murray owned them, so it would seem the practise of witholding funds was before the current owner.
Of course it may have been part of the sale that this debt was cleared, but I suspect not.
Of course it may have been part of the sale that this debt was cleared, but I suspect not.
I wondered how long it would take for someone to apply the strange logic that a team in another country, playing in a different league going into administration means that Bill Kenwright is doing a good job at Everton. Even stranger logic that Kenwright should ask for a high asking price not to line his own pockets but to keep the vultures away!
It's also worth reminding people when it comes to reassuring us about selling to the right people, Kenwright nearly sold us to some con-artist living in a 1 bedroom flat in Manchester. Long live our great owner, King Kenwright.
It's also worth reminding people when it comes to reassuring us about selling to the right people, Kenwright nearly sold us to some con-artist living in a 1 bedroom flat in Manchester. Long live our great owner, King Kenwright.
Rangers, despite being the second biggest fish in thier respective pond, make only £40m a year.
Their fans will not accept them losing ground to Celtic and they have to be seen to compete.
They do not have the global pull that Celtic have.
Their ex-chairman was also desperate to sell in a climate where people are not buying and the asset in question has no real means of growth.
Nobody was really interested in Rangers and that's why he sold for peanuts.
I've no doubt that Bill Kenwright would do the same if Everton became a similar burden to him and our real owners. Clearly we aren't.
We also operate in a league that gives untold exposure and automatically ensures there is almost unlimited means of growing income, depending on how much you want it. For that reason alone Premier League clubs will always attract interest.
Still this does highlight how dangerous selling a club to the wrong person can be.
Perhaps the BU suggestion of an independant group of professionals to sell the club is becoming more plausible by the day. That way we probably won't have to be too careful with what we wish for.
Their fans will not accept them losing ground to Celtic and they have to be seen to compete.
They do not have the global pull that Celtic have.
Their ex-chairman was also desperate to sell in a climate where people are not buying and the asset in question has no real means of growth.
Nobody was really interested in Rangers and that's why he sold for peanuts.
I've no doubt that Bill Kenwright would do the same if Everton became a similar burden to him and our real owners. Clearly we aren't.
We also operate in a league that gives untold exposure and automatically ensures there is almost unlimited means of growing income, depending on how much you want it. For that reason alone Premier League clubs will always attract interest.
Still this does highlight how dangerous selling a club to the wrong person can be.
Perhaps the BU suggestion of an independant group of professionals to sell the club is becoming more plausible by the day. That way we probably won't have to be too careful with what we wish for.
Christ Jack and the BK love in crowd reckon the anti lot clutch at straws? Different league, pittance in TV rights from it, the SPL title used to be worth £1m compare that with £750k per place in the EPL and the TV rights.
Try comparing like for like, complte with facts and not speculation to suit your agenda.
Roll out the benefits of keeping BK despite the best part of 12 years worth of evidence to the contrary and complete lack of business acumen to run a football club, our current debt levels compared to when he took the club over, his attempted sale to a con man in a one bedroomed flat. Allowing him to sell for more - do you just not get it over tha sale of shares? A major shareholder sells their Everton shares for millions and those millions only see the faces of the previous and next shareholders with not a penny coming to the club itself.
Try comparing like for like, complte with facts and not speculation to suit your agenda.
Roll out the benefits of keeping BK despite the best part of 12 years worth of evidence to the contrary and complete lack of business acumen to run a football club, our current debt levels compared to when he took the club over, his attempted sale to a con man in a one bedroomed flat. Allowing him to sell for more - do you just not get it over tha sale of shares? A major shareholder sells their Everton shares for millions and those millions only see the faces of the previous and next shareholders with not a penny coming to the club itself.
http://www.telegraph.co.uk/sport/football/news/9082870/Premier-League-sides-forced-to-pay-back-millions-of-pounds-in-tax-after-crackdown-on-image-rights-deals.html
I would raise the question of which bright spark first suggested the Employee Benefit Trust payroll solution ( http://www.offshore-contractors.co.uk/employee-benefit-trust/ ) as a way of players keeping more of their income? I?ll call my agent.
I would raise the question of which bright spark first suggested the Employee Benefit Trust payroll solution ( http://www.offshore-contractors.co.uk/employee-benefit-trust/ ) as a way of players keeping more of their income? I?ll call my agent.
Apart from the odd billionaire-owned club, football is in a bit of a financial hole just now. Plenty of clubs are struggling and this should be taken into account when discussing Everton too.
It may be that this is part of the reason why nobody is buying our club ? and certainly why we can't buy players for £20 million ? but we are not alone.
I would love to be a team at the top winning constantly but that isn't happening... but I would rather be where we are now than where some of the other clubs are!
It may be that this is part of the reason why nobody is buying our club ? and certainly why we can't buy players for £20 million ? but we are not alone.
I would love to be a team at the top winning constantly but that isn't happening... but I would rather be where we are now than where some of the other clubs are!
I don't agree; who is to say that Everton have not got the same business plan under Kenwright's stewardship? We also seem to have mortgaged everything, just like Rangers, and initially it was stated that of all money we earn 80% goes into Finch Farm... now we understand we don't own this either so I smell a rat and he is our chairman.
Jack, why are you so certain that a free market wouldn't determine Everton to have no intrinsic value?
Significant debt (just like Rangers), borrowed against season ticket income (just like Rangers, but a much bigger deal), off balance sheet debt, involvement of non-doms in the club.
The fact is that Rangers were doing something that HMRC declared illegal. The fact that they continued to do so once the takeover was completed had nothing to do with the sale price of £1.
If the free market decides that Kim Jong Bill's asking price of £150m is on the button, then he'll get his several hundred percent return for doing nothing.
Actually, credit where it's due. I don't believe for one minute he's gone down the EBT route yet, preferring instead to operate within a limited loss.
Oh and Peter - it's eight Premier League or former Premier League clubs. You can bet one of them is Portsmouth.
Significant debt (just like Rangers), borrowed against season ticket income (just like Rangers, but a much bigger deal), off balance sheet debt, involvement of non-doms in the club.
The fact is that Rangers were doing something that HMRC declared illegal. The fact that they continued to do so once the takeover was completed had nothing to do with the sale price of £1.
If the free market decides that Kim Jong Bill's asking price of £150m is on the button, then he'll get his several hundred percent return for doing nothing.
Actually, credit where it's due. I don't believe for one minute he's gone down the EBT route yet, preferring instead to operate within a limited loss.
Oh and Peter - it's eight Premier League or former Premier League clubs. You can bet one of them is Portsmouth.
......and I hear Craig Whyte borrowed that £1 from Phil Green!
Whoever invented the phrase "be careful what you wish for" wants shooting. A glib phrase which I find intensely patronising.
I "wish" for a well managed Club both on and off the pitch. A Club which is capable of competing and playing attractive football that fills the stadium. Pretty much none of which has been exhibited by Everton FC for some considerable time now. If the current incumbents can't give me my "wish", why do I have to be "careful" in demanding they allow an independent team to find a buyer who can ? Then sell to said buyer after due diligence has been done ?
Life is a risky business but, if you don't like risk in your life, staying at home all day and watching Jeremy Kyle is for you; rather than seeking structured change to help Everton's progression.
I "wish" for a well managed Club both on and off the pitch. A Club which is capable of competing and playing attractive football that fills the stadium. Pretty much none of which has been exhibited by Everton FC for some considerable time now. If the current incumbents can't give me my "wish", why do I have to be "careful" in demanding they allow an independent team to find a buyer who can ? Then sell to said buyer after due diligence has been done ?
Life is a risky business but, if you don't like risk in your life, staying at home all day and watching Jeremy Kyle is for you; rather than seeking structured change to help Everton's progression.
Steve, you may have it now but it's perhaps too close for you to see it?
Martin it's been proven in court that we definitely haven't got it now. Perhaps your not looking hard enough?
Martin. Are you implying that we are already having structured change ?
Right now with this present Board ?
Right now with this present Board ?
I agree with Steve, can people please stop saying "Be careful what you wish for"?! It is patronising and about 12 years too late if you ask me!
Jack if you do your research I think that you will find that it was Sir David Murray who chased the dream, spent beyond his and the club's means, chose not to pay HMRC and then handed over the reigns to Craig Whyte. The leaked e-mail gate from last summer wold indicate that Everton also came and continue to be perilously close to administration and the prospect of not being able to trade. Until either Club's find a way to increase their turnover / revenue or address the obscene wages that are currently being paid to average / journeymen player's then I expect to see the problem that has plagued Rangers will be replicated in many more clubs up and down the country. It may be a bit of a wild guess but I expect that when Harry Redknapp leaves Spurs that we storm clouds on the horizon at WHL ?
I'm not havin' that it was ALL Blue Union that brought Jelavic in - it was surely the fact that we got him at half price, after selling Billy and Arteta.
If BU want to keep on and on and on at BK, that that's up to them...
The simple fact that Everton FC are still in business is testament to the way the club is run, bearing in mind that we've got no spare cash at all.
I wonder if the Blue Union would tale any responsibility if BK sold the club to some fuckin' clown - like happened to Rangers - and we ended up in Administration.
Saturday was fuckin' great; made all the travellin' worth it. Let?s just be thankful we're not up Shit Street (yet) like Rangers and beat Blackpool this Saturday......
If BU want to keep on and on and on at BK, that that's up to them...
The simple fact that Everton FC are still in business is testament to the way the club is run, bearing in mind that we've got no spare cash at all.
I wonder if the Blue Union would tale any responsibility if BK sold the club to some fuckin' clown - like happened to Rangers - and we ended up in Administration.
Saturday was fuckin' great; made all the travellin' worth it. Let?s just be thankful we're not up Shit Street (yet) like Rangers and beat Blackpool this Saturday......
There are reported 8 premier league clubs who are doing something similar to Glasgow Rangers:
http://uk.eurosport.yahoo.com/15022012/58/premier-league-paper-round-prem-clubs-rangers.html
http://uk.eurosport.yahoo.com/15022012/58/premier-league-paper-round-prem-clubs-rangers.html
John, Stephen.
I do believe that we have been badly managed not just in BKs term but really since 1970 when we were one of the best teams in the world. I also believe that we are being well run now, by necessity of course, and that is the best reason for doing something.
We're running a sustainable model now, we're making some fantastic buys and loans and we have begun to play well. For me it's more reason to be cheerful than gloomy. If Donovan was staying I'd say getting into the top 4 would be possible perhaps next year. 40k gates, European football and possibly the sale of Rodwell (I hope not though) could see us out of debt and thriving.
If Trust Everton can get off the ground and be successful say in buying Finch Farm then the sky's the limit for us eventually. We have to break out of the current malaise though and that means as fans we need to get behind the club, even Kenwright. The club is not going to be sold because the idiot who would buy us doesn't exist; there will be no investment because EFC are a basket case with no chance of return so we have to make the best of what we have.
I disagree that "be careful what you wish for" is patronising in any way. It is very appropriate for many circumstances especially ownership and management of soccer clubs.
I do believe that we have been badly managed not just in BKs term but really since 1970 when we were one of the best teams in the world. I also believe that we are being well run now, by necessity of course, and that is the best reason for doing something.
We're running a sustainable model now, we're making some fantastic buys and loans and we have begun to play well. For me it's more reason to be cheerful than gloomy. If Donovan was staying I'd say getting into the top 4 would be possible perhaps next year. 40k gates, European football and possibly the sale of Rodwell (I hope not though) could see us out of debt and thriving.
If Trust Everton can get off the ground and be successful say in buying Finch Farm then the sky's the limit for us eventually. We have to break out of the current malaise though and that means as fans we need to get behind the club, even Kenwright. The club is not going to be sold because the idiot who would buy us doesn't exist; there will be no investment because EFC are a basket case with no chance of return so we have to make the best of what we have.
I disagree that "be careful what you wish for" is patronising in any way. It is very appropriate for many circumstances especially ownership and management of soccer clubs.
Martin,
On one hand you say the club is well run and with a few relatively minor happenings we could thrive.
Then you describe us as a basket case and no one would have a chance of a return.
Which is it?
We aren't running sustainable model at all. We have systematically assest stripped ourselves to the point were the only assets are now on the pitch. In fact scrub that we've been selling those off too. We still haven't spent any money not generated through sales for three years.
We may have paid the interest but the credit card bill remains.
On one hand you say the club is well run and with a few relatively minor happenings we could thrive.
Then you describe us as a basket case and no one would have a chance of a return.
Which is it?
We aren't running sustainable model at all. We have systematically assest stripped ourselves to the point were the only assets are now on the pitch. In fact scrub that we've been selling those off too. We still haven't spent any money not generated through sales for three years.
We may have paid the interest but the credit card bill remains.
Your'e dead right there lads.
We might end up with a new owner who will sell all our assets to pay off the banks. Someone who cannot borrow from high street banks, they will have to go abroad for loan after loan. A whole board of Directors who will refuse to invest a single penny. We may get a board who will not sign a player for over two years. We could end up with someone who's idea of forward thinking is to paint Goodison in the summer.
We wouldn't want that now - would we?
We might end up with a new owner who will sell all our assets to pay off the banks. Someone who cannot borrow from high street banks, they will have to go abroad for loan after loan. A whole board of Directors who will refuse to invest a single penny. We may get a board who will not sign a player for over two years. We could end up with someone who's idea of forward thinking is to paint Goodison in the summer.
We wouldn't want that now - would we?
Steavey (123), it's eight current AND former EPL clubs. Like I said earlier, I'd bet my bottom dollar one is Portsmouth, except their current owner would take that as an offer to purchase it.
Martin (124) our last published accounts were spun out to make it look like break-even, before you add in the cost of £5m servicing debt. Very sustainable. EFC is not a basked case, and in the right hands, sold for the right price, could easily see its secondary revenues transformed. The ineptitude of the current management team in this regard may actually help us find a buyer.
Martin (124) our last published accounts were spun out to make it look like break-even, before you add in the cost of £5m servicing debt. Very sustainable. EFC is not a basked case, and in the right hands, sold for the right price, could easily see its secondary revenues transformed. The ineptitude of the current management team in this regard may actually help us find a buyer.
Few points
1/ jack this debt relates to prior to craig whytes acquisition of the club. I'd suggest you do a bit of research before coming on here scaremongering about efc and comparing situations re potential buyers.
2/ Peter !arry, Tony I'anson, Rangers paye issues with HMRC do NOT relate to EBTs
3/ Claire Cavendish - the sale was on the basis of craig whyte assuming responsibility for the debt not paying it necessarily.
1/ jack this debt relates to prior to craig whytes acquisition of the club. I'd suggest you do a bit of research before coming on here scaremongering about efc and comparing situations re potential buyers.
2/ Peter !arry, Tony I'anson, Rangers paye issues with HMRC do NOT relate to EBTs
3/ Claire Cavendish - the sale was on the basis of craig whyte assuming responsibility for the debt not paying it necessarily.
James 129, re no2, can you quote your sources because according to todays papers they are.
Gavin #97
Can't believe you come out with:
"used to be worth £1m compare that with £750k per place in the EPL and the TV rights.
Try comparing like for like, complte with facts and not speculation to suit your agenda."
Used to be when? Prize money for winning the SPL is circa £2.7m
You can't have a go at someone and do exactly the same yourself.
Hypocrite:
1. a person who pretends to have virtues, moral or religious beliefs, principles, etc., that he or she does not actually possess, especially a person whose actions belie stated beliefs.
2. a person who feigns some desirable or publicly approved attitude, especially one whose private life, opinions, or statements belie his or her public statements.
Can't believe you come out with:
"used to be worth £1m compare that with £750k per place in the EPL and the TV rights.
Try comparing like for like, complte with facts and not speculation to suit your agenda."
Used to be when? Prize money for winning the SPL is circa £2.7m
You can't have a go at someone and do exactly the same yourself.
Hypocrite:
1. a person who pretends to have virtues, moral or religious beliefs, principles, etc., that he or she does not actually possess, especially a person whose actions belie stated beliefs.
2. a person who feigns some desirable or publicly approved attitude, especially one whose private life, opinions, or statements belie his or her public statements.
Michael what part of the "used to be" did you fail to understand, if you are going to try semantics try harder and realise you cardinal error in a piss poor effort to be a smart arse.
Could try to give you the definition of an arsehole but assume you already know.
Could try to give you the definition of an arsehole but assume you already know.
Steve - several sources within the game yesterday.
I must apologise as having been on a train all morning, I hadnt read this mornings reports and would appear Im incorrect to apologies to Peter and Tony.
I must apologise as having been on a train all morning, I hadnt read this mornings reports and would appear Im incorrect to apologies to Peter and Tony.
Steve and Les. All these people wishing for a world where people don't speculate on the caution they should show when wishing should be careful what they wish for.
Everyone can come up with examples of good and bad takeover of clubs.
Rangers situation has nothing whatsoever to do with EFC.
For a start the controlling interest i.e 51% would not be sold for £1 because it is not all owned by Kenwright(in fact it may not be owned by Kenwright at all if stories of Green's involvement is correct).
However it should be sold at fair market price (which is not £150million).
Everybody knows that the current modus operandi is unsustainable so Kenwright and "friends of Everton" need to quickly establish a "new" plan or sell up before EFC goes into administration.
No club can continue on losing £5 to 10 million very year while selling off whatever players they can.
Anyone who supports this Kenwright regime is totally deluded.
EFC has nothing to do with any other club's take over and those who say "be careful what you wish for" need to take a hard look at what is currently going on.
Rangers situation has nothing whatsoever to do with EFC.
For a start the controlling interest i.e 51% would not be sold for £1 because it is not all owned by Kenwright(in fact it may not be owned by Kenwright at all if stories of Green's involvement is correct).
However it should be sold at fair market price (which is not £150million).
Everybody knows that the current modus operandi is unsustainable so Kenwright and "friends of Everton" need to quickly establish a "new" plan or sell up before EFC goes into administration.
No club can continue on losing £5 to 10 million very year while selling off whatever players they can.
Anyone who supports this Kenwright regime is totally deluded.
EFC has nothing to do with any other club's take over and those who say "be careful what you wish for" need to take a hard look at what is currently going on.
Sorry Gav, maybe I didn't explain myself well enough.
You quoted a random "fact" and backed it up with the line "Try comparing like for like, complte with facts and not speculation to suit your agenda"
So when you quoted that the prize money for winning the SPL has been £1mil, at some point in the past, and compared it to the current approx £750k per premier league place. It almost looked like you were using a non-like for like comparison to suit your agenda.
I may be wrong but that just seemed a little bit hypocritical to me.
You quoted a random "fact" and backed it up with the line "Try comparing like for like, complte with facts and not speculation to suit your agenda"
So when you quoted that the prize money for winning the SPL has been £1mil, at some point in the past, and compared it to the current approx £750k per premier league place. It almost looked like you were using a non-like for like comparison to suit your agenda.
I may be wrong but that just seemed a little bit hypocritical to me.
Stephen, we are both. Being "run well" was not a good description of where we are but I'd say that now we are getting back towards living within our means as we must. We can still be a basket case from an investment point of view and yet still run well if we can do that in the end, they aren't exclusive. I can't think of many worse investments than a football club especially Everton.
What the fuck has the Rangers demise got to do with Everton? If you couldn't see that happening to them about 15 years ago when they were buying Flo and De Boer etc for huge fees with no income coming in in return then you're blind. That shouldn't make people think that super Bill (NOT) shouldn't sell up just because Rangers have fucked up ? it's not the new owner that's caused this it's the old one.
Sure did a similar thing not happen to Celtic in the 90s?
Sure did a similar thing not happen to Celtic in the 90s?
Type or paste your comment here. No txt-speak, please try to use proper grammar, all-lowercase posts are likely to be deleted
Isn't the bottom line on this that Rangers got a new owner who said he'd bail them out and who's sold their key striker and watched them go into administration.
If that isn't a salutory lesson for those advocating gambling on any new owner who strolls along christ knows what is. We are in decline from our peak a few seasons ago but, so far, we've managed about 3 good halves of football all season and were still mid table. There is no need for the frantic, hysterical clamouring from some on this site. The key is to get the right people in...not get people in right now yeah?
If that isn't a salutory lesson for those advocating gambling on any new owner who strolls along christ knows what is. We are in decline from our peak a few seasons ago but, so far, we've managed about 3 good halves of football all season and were still mid table. There is no need for the frantic, hysterical clamouring from some on this site. The key is to get the right people in...not get people in right now yeah?
Martin,
I can think of loads worse. Most of them have changed hands over the past decade too.
With the Shinawatra take over of City he got a brand new ground for free but inherited a side who were crap. He spent £150m on getting that team to a level where they were barely competing with Everton.
If he'd have come into Everton and spent that kind of money on infrastructure and players he may well have ended up with a CL quality side, playing in a top drawer stadium with a fanbase that far outweighs Man City's.
That's just one.
Living within our means has got nothing to do with how well we are run. It just means the director's aren't spending more than we make.
If we never find a way to bring additional income into the club, or worse, sell assets to maintain a certain level of income then we are a million miles away from being well run.
I can think of loads worse. Most of them have changed hands over the past decade too.
With the Shinawatra take over of City he got a brand new ground for free but inherited a side who were crap. He spent £150m on getting that team to a level where they were barely competing with Everton.
If he'd have come into Everton and spent that kind of money on infrastructure and players he may well have ended up with a CL quality side, playing in a top drawer stadium with a fanbase that far outweighs Man City's.
That's just one.
Living within our means has got nothing to do with how well we are run. It just means the director's aren't spending more than we make.
If we never find a way to bring additional income into the club, or worse, sell assets to maintain a certain level of income then we are a million miles away from being well run.
Stephen 177
you say that living within our means has got nothing to do with how well we are run.It just means the directors arent spending more than we make.
That is one of the basic business lessons, you shouldnt spend more than you make. Otherwise you end up like Portsmouth and Rangers and go into administration. The only way a club can afford to spend more than they make and not end up in administration is if they have billionaire benefactors who will personally bankroll the club.
you say that living within our means has got nothing to do with how well we are run.It just means the directors arent spending more than we make.
That is one of the basic business lessons, you shouldnt spend more than you make. Otherwise you end up like Portsmouth and Rangers and go into administration. The only way a club can afford to spend more than they make and not end up in administration is if they have billionaire benefactors who will personally bankroll the club.
Kenwright & Co. cannot spend more than we make for one simple reason.
They are not credit-worthy. This board refuses to put up any of their own money, so any loans are taken against future revenues. It is well documented they have pawned our future Sky T.V. money.
We are surviving, if the banks don't foreclose.
They are not credit-worthy. This board refuses to put up any of their own money, so any loans are taken against future revenues. It is well documented they have pawned our future Sky T.V. money.
We are surviving, if the banks don't foreclose.
Brian,
When the amount you make is severely compromised by the action of those running the company you cannot claim the company is well run.
When the amount you make is severely compromised by the action of those running the company you cannot claim the company is well run.
Alan Clarke, Gavin - nowhere in the OP is there a single word suggesting I think Kenwright is doing a great job as you would know if you actually read past the first couple of words. It even says - if you had read the post - that it's right Kenwright should be pressed to sell. The fact however, is that the buyer has to be the right buyer. For every arab billionaire out there there are ten Craig Whytes and the the lower the price gets the more Whytes there are likely to be circling around.
Many clubs` supporters have wished for a new owner and have come to regret their wish was granted.
Most owners sell up when the affairs of their club are getting out of control and the debt level becomes unmanageable. Then it`s a hot potato and they sell to the first fool who will take it on.
Whilst I agree that Kenwright is not the man to take us to the next level, he`s done a good job of keeping us in business and deserves more time to find the right investor.
Most owners sell up when the affairs of their club are getting out of control and the debt level becomes unmanageable. Then it`s a hot potato and they sell to the first fool who will take it on.
Whilst I agree that Kenwright is not the man to take us to the next level, he`s done a good job of keeping us in business and deserves more time to find the right investor.
I would prefer to battle on as we are rather than sell out to a profiteer or money launderer.
From what I can make out, Rangers current owner Craig White was/is more concerned with turning over a quick quid than he was/is about the birthright of that clubs loyal fans.
He wants said fans to believe that when he paid one pound to buy the club he was unaware of the depth of its financial problems.
Pull the other one Craig that has got bells on it.
Any chance that of hearing the thoughts of an Everton/Rangers fan.
From what I can make out, Rangers current owner Craig White was/is more concerned with turning over a quick quid than he was/is about the birthright of that clubs loyal fans.
He wants said fans to believe that when he paid one pound to buy the club he was unaware of the depth of its financial problems.
Pull the other one Craig that has got bells on it.
Any chance that of hearing the thoughts of an Everton/Rangers fan.
Jock,
You better get used to being misrepresented on here mate.
One sensible piece of logic about the sale of the club and immediately you are labelled a "BK Lover".
And be careful not to compliment Moyes if he does somthing good because you will be labelled an "Apologist".
You better get used to being misrepresented on here mate.
One sensible piece of logic about the sale of the club and immediately you are labelled a "BK Lover".
And be careful not to compliment Moyes if he does somthing good because you will be labelled an "Apologist".
Peter Laing, agree with what you're saying about having to raise revenue and decrease wages, but it isn't just the players' wages that need reviewing. If you have a look at Moyes' coaching/support staff, there are a lot of people employed that either aren't doing their job, or have cloudy jobs at best. Motivational coach? Why do they need to pay someone for this? And what is a player liaison manager? Isn't there enough insulation around players with managers and agents anyway?
These are just two examples, but I'd hazard a guess that there's a lot of people employed by the club that don't need to be - I'd put money on Bill Kenwright's driver being paid by the club rather than by the man himself.
These are just two examples, but I'd hazard a guess that there's a lot of people employed by the club that don't need to be - I'd put money on Bill Kenwright's driver being paid by the club rather than by the man himself.
Roman.. I got a load of stick for suggesting BK's Merc and driver we paid for by EFC a few weeks ago when the BU had a go in the car park...
'what do you expect him to drive etc..'
Well his 'big theatre company' profit was £2m and his 'big football club' lost countless millions...
Taxi for Bill... too easy a shot, I grant you.
'what do you expect him to drive etc..'
Well his 'big theatre company' profit was £2m and his 'big football club' lost countless millions...
Taxi for Bill... too easy a shot, I grant you.
Steve #170 "Isn't the bottom line on this that Rangers got a new owner who said he'd bail them out and who's sold their key striker and watched them go into administration...........The key is to get the right people in...not get people in right now yeah?"
Which is exactly why BU suggest that independent experts be called in to handle the sale of the Club because BK can't be trusted to sell to 'the right person'.
Which is exactly why BU suggest that independent experts be called in to handle the sale of the Club because BK can't be trusted to sell to 'the right person'.
Brian #187 we ARE spending more than we make, by a substantial amount unless we sell assets.
The only assets now remaining are players and who will go out onto the pitch every week when there's none of them left to sell?
The only assets now remaining are players and who will go out onto the pitch every week when there's none of them left to sell?
Loads of times on here, some of the great and good/bad {you choose} have said, anybody, just anybody, would be better than what we've got now.
It seems that selling football clubs is more of a minefield than most of us think.
Apart from Chelsea and City, I can't think of any others that have been a success. Even the "sensible" ones like say, Randy Lerners takeover at Villa, they're doing so much better with him aren't they? The Shite, another £100M spent and no better off than they were under H & G apart from writing off some debt by conning the previous owners.
Kenwrights a dick, and so are the rest of our board, but perversely {some might think on here at least} maybe he is the best man to sell the club, my reasoning being that most of these clubs sold by "independent" institutions don't really seem to be doing that well do they ?
It seems that selling football clubs is more of a minefield than most of us think.
Apart from Chelsea and City, I can't think of any others that have been a success. Even the "sensible" ones like say, Randy Lerners takeover at Villa, they're doing so much better with him aren't they? The Shite, another £100M spent and no better off than they were under H & G apart from writing off some debt by conning the previous owners.
Kenwrights a dick, and so are the rest of our board, but perversely {some might think on here at least} maybe he is the best man to sell the club, my reasoning being that most of these clubs sold by "independent" institutions don't really seem to be doing that well do they ?
I've read that as many as eight English Premire League teams could be in similar trouble to Rangers in the near future. If that is the case then you can bet Everton will be one of them so don't be too smug. Rangers are losing 10M a year, well, its common knowledge that Everton are losing 5M.
Everton finances stink to high heavon. Evertonians have been coming on here for years trying to fathom out were the money goes and why we are so skint considering the Sky money and gate receipts etc. I know first hand from a good source that Everton will do just about anything not to disclose their books, including payouts to explayers after the Police have been brought in. So it may not be just Rangers who are in the shit. This may just be the start.
Everton finances stink to high heavon. Evertonians have been coming on here for years trying to fathom out were the money goes and why we are so skint considering the Sky money and gate receipts etc. I know first hand from a good source that Everton will do just about anything not to disclose their books, including payouts to explayers after the Police have been brought in. So it may not be just Rangers who are in the shit. This may just be the start.
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085 Posted 15/02/2012 at 05:32:48
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Stories like this may well scare a lot of people as to what they want from the club, but then again it may be just BECAUSE of the Blue Union, that we had such a positive transfer window and are now experiencing a crumb of positivity.
It just seems like if someone doesnt make a noise, it will just all carry on the same.