I am simply a lifelong supporter, who has been attending the match for four decades and who happens to be in a position of information regarding a deal to buy Everton Football Club. The fact that the deal has not been completed leads me to the conclusion that it will not happen.
For what its worth, I will provide you with what I know on the takeover situation. When I posted six months ago, the situation was that the prospective buyers were going through due diligence, meeting the asking price, and providing proof of funds, All of this was carried out and all boxes were ticked.
From the information I have, not only was the full asking price agreed, all debts were to be paid off and a large war chest of funds provided, amounting to tens of millions of pounds (they are rich but not billionaires). The reason the deal has yet to be concluded is THE question that needs to be asked.
I am totally frustrated that details of this deal have not come out into the mainstream media, forcing the board into some sort of transparency over the sale. When pressed to answer questions on whether there was a deal on the table, it amused me to hear Bill Kenwright come out a few months ago and say "Yes, someone has come forward today..."
I totally understand the scepticism about someone coming on here with information of this nature but if someone at the EGM could pose the question: Is there as deal on the table? ... and, if so, Why has it not been accepted? I would love someone to dare the Chairman to deny there is a deal on the table. I look forward to someone bringing this up at the upcoming EGM on Wednesday evening.
How long do we have to accept this incompetent, inadequate, incapable Board of Directors who are not fit for the purpose of raising funds, growing revenue, and building foundations for now and the future of Everton Football Club? In the richest era in English football history, we seem to be in our worst ever financial position. The new media rights deal that comes into effect this season will save their bacon once again, as did the sale of Arteta, Rooney, Lescott, Rodwell...
We have operated at the right end of the Premier League in spite of this Board of Directors — not because of them. If ever one man was the salvation of a football club, it has to be David Moyes. We may have had issues with some team selections but overall, could anyone have done more with resources available?
The fact that two of the three main shareholders are lifelong Everton supporters should not be reason enough to accept the cannibalism of assets, the lack of commercial value in deals struck, the lack of vision for the future, and the devaluing or Everton Football Clubs image. If a foreign owner(s) had taken over Everton 14 years ago and sold off the training ground, leased the new training ground under crippling terms, sold off the rights to future season ticket sales, lumped a £45 million overdraft on to the club, and strangled any borrowing ability... How would we feel?
In an era of billion-pound sports rights deals, we have a Board of Directors and executives with a Sunday League football mentality and ability. Premier League football, like it or hate it, is now a global monster and it requires the personnel with the commercial savvy to obtain the best possible deals. Does the last 14 years of operating Everton as a business give you the confidence that this current regime are the people to drive us forward??? Er.... you have probably worked out my opinion.
I do believe that Bill Kenwright has worked to his maximum ability for Everton, but so did Brett Angel and Glenn Keely. Sometimes your best is just not good enough for Everton Football Club, as many have found out over the last 130-odd years...
Please stand aside, Bill — you are not fullfilling the remit of an Everton Chairman — and please do not tell us that there is no-one out there. Even if it is not a billionaire, I will take my chances elsewhere.
Reader Comments (56)
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2 Posted 24/06/2013 at 15:30:44
3 Posted 24/06/2013 at 15:36:46
4 Posted 24/06/2013 at 16:28:56
Seeing that you are in a position to know the details of the proposed bid then you must also know why the board are reluctant to accept the offer.
5 Posted 24/06/2013 at 17:03:41
This makes perfect sense while waiting for the next retail enabled ground move.
But Bill's a blue, so it's all ok.
6 Posted 24/06/2013 at 17:04:44
I can only second what Brian Harrison has said – if you know this much, then you know why it has not gone through – so tell us...
You do not know and therefore it is just more hearsay.
Michael/Lyndon, I am all for free speech but surely the site should perhaps impose a no source/authentication = no publishing of article/letter?
7 Posted 24/06/2013 at 17:10:48
Although this could be 100% true, it's no better (as it is) than what the rags are saying about who we might buy this summer. Which makes it great craic. Keep it coming.
8 Posted 24/06/2013 at 17:14:01
9 Posted 24/06/2013 at 17:18:13
10 Posted 24/06/2013 at 17:20:56
11 Posted 24/06/2013 at 17:25:45
This thread is losing its way.
12 Posted 24/06/2013 at 17:28:26
Fragrant Bullshit wins hands down...!
13 Posted 24/06/2013 at 17:32:10
Don't know why this is even on the site TBH.
While I am posting, the new TV money won't land in the bank until May 2014.
14 Posted 24/06/2013 at 17:42:35
15 Posted 24/06/2013 at 17:58:54
Here is a suggestion, which I have made before.
Privately email Michael and Lyndon, who I am pretty sure will respect the confidentiality. Give them the details or describe (without naming if need be) your source or authentication. I trust them to make an assessment as to whether your credibility is there or not. They can then relay this to the rest of us without compromising the details.
Otherwise without hard evidence there is very little reason to believe you as things stand.
16 Posted 24/06/2013 at 18:22:18
To be honest to you though, that was a really good sell for the first 6 paragraphs. And then we get to paragraph 7, and a familiar theme seems to appear. It just stinks of somebody deliberately trying to increase the discontent by suggesting there is a buyer ready who will not only buy the club, but also wipe out the debts and fund squad improvements. How convenient for this to surface the week the EGM will take place eh? Its almost as obvious as the suggestions of takeovers when season tickets are going to be renewed....
If this is true and we get taken over with tens of millions to spend, I will have never been happier in my life to be wrong, and will gladly take how wrong I was being rammed down my throat day in day out....
17 Posted 24/06/2013 at 18:43:13
Did someone actually say that? That is awful! I don't know about anyone else, but I have never and WOULD never accuse ANY Evertonian, even if I disagreed with them on EVERY Everton-related issue, of living in a bedsit in Salford.
18 Posted 24/06/2013 at 19:39:42
There has been plenty of rumour over the last decade suggesting that due diligence was done by at least one interested party from the Middle East four years ago but, again, there's nothing substantive to back it up.
So, we return to the question: Why have we not been sold?
Is Bill merely holding onto the train set? Is he beholden to other, less transparent individuals seeking too high a price as a return on their investment or loan? Has there just not been enough interest from the right kind of buyers - i.e. too many Venkys-types and not enough Fenway Sports Groups (the latter, it should be said, were incredibly reckless with their cash at the outset, what with the ridiculous sums forked out for the likes of Carroll, Henderson and Downing)?
We're no closer to knowing after 13 years of the Kenwright reign.
19 Posted 24/06/2013 at 20:00:18
20 Posted 24/06/2013 at 20:32:10
21 Posted 24/06/2013 at 20:30:16
22 Posted 24/06/2013 at 20:07:46
Sorry Richard, but you posted 6 months ago just before that joke of a window opened and here you are again a week before the next. Not to mention the AGM.
If what you say is true, the Blue Union, KEIOC folks, even Michael and Lyndon would have gotten at least a whiff of something in the wind regarding the Club near to sale. And the indisputably-connected local press haven't said ANYTHING?
How about this? You been going to the games for 40 years. A season ticket-holder? Where do you sit at the games? Must have a favorite spot. There are plenty enough match-goers in here who either know or can ask friends if you even exist.
23 Posted 24/06/2013 at 21:02:48
http://www.liverpoolecho.co.uk/news/liverpool-news/260m-anfield-regeneration-plans-revealed-4705912
24 Posted 24/06/2013 at 21:36:45
25 Posted 24/06/2013 at 21:18:24
Simply put, Kenwright could give a completely unrealistic answer and the questioner has no back up in facts so would be stymied. More to the point, this is probably the sort of response Kenwright is looking for in not granting an AGM.
As much as I would love the question to be asked, if it were me asking the question I would certainly want some facts to back up any follow up question rather than an unsubstantiated article on ToffeeWeb.
What Richard is asking is for someone to put their head in the noose while he sits back knowing there will be no comeback on him.
I am not suggesting that the article is a fallacy. Far from it. Kenwright has sufficient history to back up Richard's allegations but I think without the necessary facts, Richard doth ask too much.
26 Posted 24/06/2013 at 21:49:34
Why Richard isn't coming forward with whatever proof he's got, might be because, he's got none or it might be because he'll drop someone in it... maybe himself.
But, whatever the truth is, the question could be asked. "Is there a bid on the table for EFC and if so, why hasn't it been accepted?" I don't know how many times in the last few months Kenwright has come out and said there is someone interested in buying our club. Then it all goes quiet again.
Perhaps, as someone has suggested, Richard could come forward to Michael and Lyndon and submit whatever facts he has, in strictest confidence and let them make of it what they will. If there is any substantive evidence, then it would hopefully show up this bunch of chancers who are strangling any chance of our club challenging up at the top end.
27 Posted 24/06/2013 at 21:47:42
Unbelievable that someone agreeing £120 million and wiping the debt going through due diligence etc could slip under the radar – just not feasible.
28 Posted 24/06/2013 at 22:01:12
(Yes or No).
"If Yes, why did you not sell it?"
29 Posted 24/06/2013 at 22:04:00
He then compounds his cock up over the King's Dock, with lies over the Kirkby debacle. I do not trust this man whatsoever, to do his best for Everton. He'll only do it (should the opportunity ever arrive) after he has trousered megabucks for himself,
30 Posted 24/06/2013 at 22:12:35
We would only receive the stock answer, "We are in the process of talking to interested parties, as we always are, in fact, someone came forward only recently."
From the floor: "Who are these interested parties?"
Elstone: "Well, we can't say as we don't want to jeopardise any future sale, and we have both signed NDAs."
Floor: "You're a bunch of lying twats."
Elstone: "See, that's why we stopped these meetings in the first place."
31 Posted 24/06/2013 at 22:30:51
Phineas Taylor Barnum was an American showman, businessman, scam artist and entertainer, remembered for promoting celebrated hoaxes and for founding the circus that became the Ringling Bros. and Barnum & Bailey Circus
32 Posted 24/06/2013 at 22:38:50
Showman indeed Kevin. Heaven forfend that good old Bill would have anything whatsoever to do with scam artists!
33 Posted 24/06/2013 at 22:57:37
34 Posted 24/06/2013 at 23:33:39
35 Posted 25/06/2013 at 01:45:16
This sentence proves it's bullshit.
Unless Richard turns up at the EGM himself and asks the question and is prepared to show the board are lying if they say no.
36 Posted 25/06/2013 at 06:58:23
37 Posted 25/06/2013 at 07:14:02
38 Posted 25/06/2013 at 07:47:04
It's like the boy who cried wolf,one day it will happen.When that day is?Who knows but it will happen.
39 Posted 25/06/2013 at 08:06:47
40 Posted 25/06/2013 at 08:45:57
41 Posted 25/06/2013 at 08:56:28
42 Posted 25/06/2013 at 09:08:15
BTW I'm in your area this coming weekend for about 10 days get in touch so we can meet up.
43 Posted 25/06/2013 at 09:11:14
Sounds like a press release from the master himself. Well done that man.
44 Posted 25/06/2013 at 09:47:58
cant believe for one second that a supposed deal to take over a top EPL side would not've been leaked after 6 months. Even the supposed buyers would of come out in frustration by now and have exposed King Billy. Sorry it's absolute bollocks.
45 Posted 25/06/2013 at 12:13:28
46 Posted 25/06/2013 at 12:34:09
They didn't seem to care when they ran up the debt, and financed us in the BVI, but we are expected to believe they won't sell because they are hugely concerned about the financial planning after they leave the club????
Sorry, just doesn't make any sense whatsoever, does it?
47 Posted 25/06/2013 at 14:13:46
48 Posted 25/06/2013 at 14:16:39
49 Posted 25/06/2013 at 14:28:23
50 Posted 25/06/2013 at 15:59:53
At best (and I mean best), investing in property would have yielded him about £5M; keeping it in the bank less than that... So roughly an extra £500k per year of ownership on the basis that (as we are informed) he receives no remuneration. To me, a fair deal.
51 Posted 25/06/2013 at 17:29:28
Best you don't post for another 6 months.
That should give you enough time to make up another "snippet" of info to add to the no facts pieces you contribute
52 Posted 25/06/2013 at 19:04:34
53 Posted 26/06/2013 at 03:16:13
What a steaming pile of crapola.
If media coverage is the goal, Tolman should deliver his evidence not to Michael and Lyndon but to any reputable sports journo in England, His identity would be protected and it would ignite a firestorm of competing coverage from every sports page in the country.
Why hasn't that happened?
Because there is no evidence.
For all I know, there is no Tolman.
54 Posted 26/06/2013 at 10:13:41
I believe Kenwright will be at the club until the day he passes away. Not that I wish him harm. I base my opinion on what I have heard and seen and the rhetoric that comes from him and the club.
55 Posted 27/06/2013 at 00:30:56
If, as some people claim, you are just mischief making – to what ends? I, like many on TW, look forward to hearing your reasoning.
56 Posted 27/06/2013 at 11:51:26
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1 Posted 24/06/2013 at 15:23:27