Stadium impasse emerges as key talking point
Chairman Bill Kenwright was absent from the meeting
The 2015 edition of Everton FC's Annual General Meeting took place the Liverpool Philharmonic Hall this evening where Chief Executive Robert Elstone updated the club's shareholders on the latest financial accounts.
The proposed new stadium at Walton Hall Park was a central theme of Elstone's address, both in terms of the significance to the club's future in the CEO's opinion and the impasse that has developed between the club and Liverpool City Council over funding of the project.
Elstone made it clear to the gathered shareholders this evening that Everton needed the partnership of the Council in order to proceed with the development and that without it, the club would not be able to build a new stadium. He asserted that what he was offering LCC was an eventual return on their investment together with "social development" and regeneration for that area of north Liverpool.
Main highlights from the meeting
With Bill Kenwright and Robert Earl absent, the meeting was chaired by Jon Woods and led by Elstone, the only two Board members present, who covered four broad topics before manager Roberto Martinez took to the stage.
Performance & Commercial Income
Elstone began by acknowledging that the huge increases in boradcast revenue mean that, the financial landscape has changed dramatically. We now have a friendly bank manager. That hasnt always happened.
He also said that the club has organisations offering to lend the club money now, which is in contrast to a few years ago when lenders were tightening their belts.
"Debt levels are declining year on year," the CEO continued. "[They] are manageable and under control. [Our] wages to turnover ratio remains reasonably in control. The TV deal has given the club spending choices." He explained that Everton have been able to put money into new players, the retention of existing players, staff and resources, reducing debt and investing in young prospects.
"In the past three years the net spend on transfers has increased by £40 million," he said. "Salaries have increased by a similar figure." He outlined how the board feel that Everton, point per pound, the best performing side in the Premier League with an average league finish in the last five years of 6th with an average wage spend of £62m which he better than the likes of West Ham, Newcastle and Aston Villa.
The CEO said that Everton rank 9th in the Premier League in terms of commercial income and described a new stadium as key to bridging that gap. He also addressed the much-discussed Kitbag retail deal and the abortive Power8 sponsorship arrangement.
It wouldnt be a general meeting without a comment about Kitbag," he said. "It is a really robust commercial deal. We test it regularly. We need to improve our commercial performance. The Umbro and Kitbag deal's are right for the club. Power 8 paid 2 years money before it went wrong [but] it was brokered by a reputable agent."
Elstone says the focus going forward is on growing future revenues in four key areas: Enhanced commercial income, support from marketing and PR, compelling and differentiated sales proposition and a bigger international footprint.
Elstone went on to express the club's emphasis on adhering to "an Everton way; being a progressive, fan-centric football club. We have a great manager, great backroom, great academy and were great at training footballers.
Nobody across the league is batting harder than Everton to get fairer [ticket] prices in the Premier League. Our young fan base in growing rapidly. 1 in 6 home supporters at the Watford game was under the age of 16."
Walton Hall Park
A theme of Elstone's presentation was his assertion that the proposed new stadium at Walton Hall Park would be "a game changer" for the club and remains "a key board priority. It will future proof this football club and deliver a powerful state of intent [if we can do it]." He said that £2.5m had been ring-fenced for the planning application once the club had the go-ahead.
While he admitted that "it's challenging to get the right funding model," the CEO appeared to counter Mayor Joe Anderson's recent assertion that there had been a lack of concrete progress from Everton's end or that the club were reliant on handouts from the local council.
There hasnt been a lack of progress on our part," Elstone said. "Lets be clear: this is not about Everton asking anyone for money. We have offered a solution which will offer cash, and social development [to the council]. The onus cannot just be on the club; we have to do it in partnership.
Re EFC, CEO comments at AGM that they are ready on stadium.I am looking forward to receiving their planning and financial proposals tomorrow Joe Anderson (@joeforliverpool) November 23, 2015
"The biggest risk in my opinion is the failure to grasp collectively the belief in the transformational possibilities of Walton Hall Park, but we need help. We need a true partnership approach.
Elstone also played down the notion that there was any viable "plan B" to the Walton Hall Park proposal, explaining that it remains the best site and option after all the retail sites like the one that was proposed in Kirkby were rejected.
He also said that engineers had visited Goodison Park recently to investigate the possibility of redeveloping the existing ground but it remains the Board's belief that rebuilding on the existing footprint would pose logistical challenges that would not be sufficiently offset by the benefits.
"There is very little we can do around the main stand and Gwladys St that would make any sense," he contended. Its hard to think of something that is economically viable. The only other option is simply expanding the Park End but doesnt feel that would deliver worthwhile benefits."
Borrowing & Investment
The CEO concluded the opening presentation of the meeting by detailing Everton's three existing lending sources as being Prudential, Barclays and JG Funding. "There is NO other lending," he said. "JG funding is a private limited business that does a lot of funding with other clubs. There is no connection with that company and any directors of Everton Football Club.
He also said that "there have never been more people out there looking [for investment in the club]. "There have never been more people interested in investing in Everton and the Chairman is confident [investment] will be secured in the near future."
Comments from the manager
Roberto Martinez took to the stage next and began by describing the two pillars of his recruitment policy: "That young players are given a chance and continuity. We've been brave to improve squad with new senior signings, new contracts and new junior signings," he said.
"We should be extremely proud with the young talent we have, [for example] John Stones, Ross Barkley, Romleu Lukaku, Gerard Deulofeu and others." The manager explained that Everton have the sixth youngest squad in the top flight with an average of 26.
"Bill Kenwright doesn't get the credit he deserves for what he's done for Everton."
Martinez touched on the fact that his team is the only one not to have scored from a set-piece in the first 13 games of the season but trumpeted the fact they have, conversely, scored the most from open play: "We have to work on set-pieces but [the number of] goals from open play is the magic number and it allows [us to] control [our] own destiny.
Questions from the floor
Elstone began by expressing his disappointment at some of the 41 questions that were submitted for consideration for the evening and he would later describe some of them as "disgraceful" and "should not have been asked."
There were some positive questions on the list of questions from Everton shareholders," he said, "but some that were disappointing. If you want to know why they were disappointing you can consult the efc shareholders association website.
He then addressed the first question from the floor by restating his position on the proposed ground at Walton Hall Park: A new stadium is a challenging prospect until we get in a real true partnership with Liverpool Council it will be hard to do. The Mayor is saying the onus is on Everton for plans for WHP. This is a regeneration project.
We are not working on the new stadium on the premise of getting new investment. New investment and a new stadium are not linked. Would new investment help that? We dont know. Is it being factored into the new stadium funding model? No.
The second questioner, Mark Denny, also touched on the Walton Hall Park issue, asking if it was realistic given the opposition to a stadium development on the green space from local residents. He urged the club to redevelop Goodison Park to which Elstone responded: If Walton Hall Park does not progress as we want then maybe we will look at [redevelopment] as an alternative."
Its not just an Everton stadium with a few nice things around it," the CEO reiterated. "Its a vision for North Liverpool that includes a stadium, and at the moment in my view the council doesnt see it like that.
Reader Comments (113)
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1 Posted 23/11/2015 at 20:08:09
2 Posted 23/11/2015 at 20:11:19
"I refuse to answer on the grounds my answer..."
3 Posted 23/11/2015 at 20:13:46
Elstone spins better than even Alastair bloody Campbell!!
4 Posted 23/11/2015 at 20:17:39
It's always been clear that it has to be a partnership approach, but I don't see any support from "The Council" other than the land offer. Mr Anderson, make it absolutely clear if there is no financial support from the Council or Developers or Infrastructure Investors then we can all go home!!
5 Posted 23/11/2015 at 20:21:49
It's a non-starter and has always been a non-starter unless new investment is found by Everton FC and that shouldn't include taxpayers money.
6 Posted 23/11/2015 at 20:23:05
Ball, court, etc.
7 Posted 23/11/2015 at 20:40:18
8 Posted 23/11/2015 at 20:45:28
I'm not saying use Taxpayers' money, what I'm saying is that this should be a Council-run project as part of a plan to redevelop Walton. It's crying out for someone to develop a business, residential and leisure plan to revamp County Road, City Road, Goodison Road, Walton Lane etc.
I've just retired after the last 10 years involved in land/area regeneration programmes led by councils wanting to get investment into their cities, towns, county etc. They get investors, developers in to provide the funding. I just feel that Liverpool Council is once again light years behind other City Councils.
9 Posted 23/11/2015 at 20:50:39
Unless Everton produce some real money and a proper plan, why should the council spend a penny of taxpayers' money on something that the club may never have the wherewithal to fund?
10 Posted 23/11/2015 at 20:58:57
11 Posted 23/11/2015 at 21:13:19
As for the money to build it... well, as the late great Shoeless Jackson(?) once said, "Build it and they shall come".
12 Posted 23/11/2015 at 21:13:30
1. Takeover by billionaire, not while Bill K is still chairman.
2. Investor; lack of control over investment makes that doubtful.
3. Piecemeal development of Goodison.
4. Raise funds for item #3 by flogging players.
13 Posted 23/11/2015 at 21:22:21
Whilst Leeds and Brum have crap teams despite these advantages, Manchester and London get ever bigger and richer. That's going to continue. Teams from those two cities have to be overcome over a whole season in order to get to 'the promised land' of the Champions League.
This season, so far, it might just be that someone other than the usual four gets into the top four. That's why we need to press on, as we just failed to do two years ago, to get into the Champions League proper. But if we do this I'd be dismayed if (and in truth more likely 'when') BK and whoever else then up the price to interested parties.
In the meantime, given the widening gap afflicting our city, any financial advisor would continue to advise that, in order to compete with Manchester or London, the best business model would be for the city's two teams to share a stadium. I know how I'd feel about that but, to repeat, as a business model, it's glaringly clear, and that is how football clubs are solely seen by would-be owners.
Our board, together with Leahy, Green and the rest, all state how devoted they are to 'our'ÃÂ best interests but we're a worldwide laughing stock as a result of decades-long inertia in terms of investment or development, allied to the preposterous asking price now being put forward. Whenever any interested party has been invited in to do 'due diligence'ÃÂ whilst BK has been where he is, they have all, repeat, all, withdrawn their offers within a day or two of beginning that process.
14 Posted 23/11/2015 at 21:38:16
Is there a single more yawn-inducing topic (as an Evertonian) than the mysterious list of unknown Billionaires being wickedly thwarted by BK?
Phillip Green, Richard Brandon, Sheikh Yabooty, Santa Claus... yawn, yawn, yawn.
15 Posted 23/11/2015 at 21:50:24
16 Posted 23/11/2015 at 22:03:36
There was an excellent article in today's Telegraph based on an extended interview with Palace's chairman Steve Parish who appears to be on the point of doing just such a deal.
If Palace can do it, why not us? Would we object to such a deal which introduced a new minority shareholder with a buy-in to the traditions of the club?
Part of the challenge for Everton, of course, is that we are not based in London. The article includes details of corporate covers: West Ham are aiming for 3,000 a game whilst Spurs are looking for 10,000. Further, he talks of each of those generating ٣k per season.
Does anyone out there know what the market is like on Merseyside compared to London in terms of size and willingness to spend? I noticed that the owners across the park appear to have changed their tune recently in this area.
Originally they were talking of all the new seats going corporate but they are now saying that an unspecified number of seats will be allocated to names on the waiting list. If they have overestimated what can be generated at LFC, we must admit that their presence is greater than ours "out there"; what chance us having greater or equal success in any development within a large increase in corporate, whether it be at Goodison Park or elsewhere?
17 Posted 23/11/2015 at 22:13:56
Do the board do any investing themselves ?
We did not spend any money on big names although we supposedly had the money for Yarmolenko.Is this money still available to Martinez ?
18 Posted 23/11/2015 at 22:18:21
19 Posted 23/11/2015 at 22:22:10
A golfing friend of mine involved in large investment company in London. Lots of corporate entertainment, football and cricket. Interest from abroad centres on clients wanting to watch (in order):-
Lords Cricket matches
Followed though in no great demand by Chelsea, Spurs (but insufficient tickets).
There is no demand for Liverpool, Everton, even Man City and his company reckon West Ham moving to the Olympic Stadium will generate lots of interest in the future. London is the pull other than the "world famous Man Utd"
I can't see it ever changing unless we win multiple Champions League trophies.
20 Posted 23/11/2015 at 22:37:08
I'm not stupid, I know it's the capital with probably more money than the rest of the country combined, but we are talking about The EPL here.
Manchester, like Liverpool, isn't London, but these clubs have no problems with the corporate side of things, and I'm sure it would have been the ultimate piss take if Liverpool FC, would have completely ignored their fabled waiting list.
Our City has never been so popular since the sixties with regards to tourism, and has got to be one of the reasons that Everton's gates are getting better.
I know I've gone on, but this should be a debate for another day, because, until we find money, it's all immaterial at the minute.
21 Posted 23/11/2015 at 22:39:38
It only seems to happen in towns or cities where they are backing the ONE project for one club such as Leicester, Derby, Middlesbrough, Southampton, Huddersfield, Wigan etc etc.
On that basis, I can't see Everton ever finding the funding or backing off either the local council, investors or public for that matter.
22 Posted 23/11/2015 at 22:59:04
23 Posted 23/11/2015 at 23:16:24
24 Posted 23/11/2015 at 23:37:02
As others have inferred, the reality is that we're basically perceived around the world as the Osasuna team as per the city of Barcelona; so, given the extraordinarily massive price currently being asked for our purchase, I confidently expect to never leave Goodison Park... for good or, probably, ill.
I'm no fan of the council but how the hell can they be expected, as their money is cut and cut again from Whitehall to the cost of providing genuine service to many afflicted individuals in the city, to put one red cent into creating a stadium for us, certain as they are that, the moment it's built, Blue Bill and his pals will bugger off having trousered a fortune in comparison to their actual investment?
25 Posted 23/11/2015 at 23:53:02
"Hey he's alright Elstone y' know. Yeah ok he's a bit of a bullshitter like but.."
It's funny (to me) the idea that some questions are out of order or insulting or disrespectful, as imo, the tone and 'content' of 98% of everything uttered by Elstone I find incredibly insulting.
Personally, each time he opens his grid, all I hear is 'listen, you mugs, you fucking hapless dupes - buy your tickets, shut the fuck up and don't even think of questioning me.'
The man deals in flim-flam, deflection, semantics and verbal sleight-of-hand.
What he is would be less obvious if he had the words 'self-serving chancer' tattooed on his forehead.
His interest is him - that's it.
26 Posted 23/11/2015 at 23:59:06
Elstone is even worse than the bloke before him, tubby Wyness, and he was bad enough.
Our CEO is a blagger, but not a very convincing one.
Only snippet for me was they may look at redeveloping Goodison... after being told for years it couldn't be done.
27 Posted 24/11/2015 at 00:27:17
Is there any Evertonian who can take us out of present misery? We are going nowhere at the moment and there doesn't seem to be anyone who can make the change to make us prosper in the immediate future.
28 Posted 24/11/2015 at 00:32:46
Look at our state now compared to our recent times; we haven't had a rich UAE/Russian golliarch ploughing bundles in and we are still mixing it with them... they want our players and we're not having it.
We have the best support in the land see how many tickets are available for the away games and it's been like that for years. We are renowned for our loyalty and Kenwright is as loyal as there ever was. It could be better but it ain't that bad now.
29 Posted 24/11/2015 at 00:34:45
We make a long term plan that involves strategic sale of players, on our terms, combined with Champions League qualification. It would take an inspired coach and an ambitious, confident board.
That should be the aspiration. That you should be the aim and the plan with total focus involving coach, players and supporters. Failure will mean we are, well, where we are now.
30 Posted 24/11/2015 at 00:56:34
I've had a few drinks, so forgive me, but I know hundreds of Bluenoses who love and support the club more than that phoney bastard.
I wish you could meet the Evertonians I know: they would make you realise what an Evertonian is; Kenwright doesn't come close, nowhere even close to the Blues I know.
He is nowhere near to being one of us, and can never, ever be one of us.
31 Posted 24/11/2015 at 01:26:48
I've been to games from the late sixties, the ups and downs; since Peter Johnson (he was good, wasn't he ?) was offed, we have been on the up under his financial restraints, have we not?
32 Posted 24/11/2015 at 01:44:50
Everton is controlled by a man who loves the club but he and the other owners don't have the money needed to deal with the City Council or anyone else. We have a club with poor owners so to speak.
Here's where I think Everton is at as a club: We have an owner who truly bleeds Blue but does not have enough money to make big things happen. If Roberto had to get him to buy Lukaku for more than one year's worth of transfer money, how can we expect him and the board to fund a stadium?
Based on what I read in the Wall Street Journal, we would be lucky to get a billionaire to buy this club because that new owner would have to spend to build a new stadium. Very few investors will buy a club when they know the first thing they have to do is spend hundreds of millions building a new stadium. That is not value for money.
At this one moment in time, we have a plethora of quality youngsters, with the full backing of Roberto, playing attacking, aggressive football. As like Belgium, this may be our "Golden Generation"; let's enjoy it like we should and support them as much as we can.
33 Posted 24/11/2015 at 06:15:46
Money is the big thing we are lacking, we have a good fan base, an excellent squad and we still cannot attract anyone because we need a new stadium or massive investment in our present shed.
I believe we would generate a lot of cash by shares issue but the major shareholders obviously do not want to dilute their share in the club.
Ever decreasing circles coupled with half season tickets up for sale and then early bird sales and the next AGM.
Yawn, yawn when it comes to the board, and being bored with it, lets just enjoy our relative good run, hope it keeps going and stay united in backing the blues irrespective of what dick owns it - at least until we can actually do something about it, which we won't because we are not like them over the park, bring shame on our club in the media just to oust its owners and get a nice big stand that dwarfs our shed, yardie yar, yawn, moan.
This is what its like being a blue, deal with it!!!!!!
Unless anyone has a few million tucked away?
35 Posted 24/11/2015 at 07:38:46
I'm with Dave Abrahams regarding the actor who allegedly runs our club. I hope one scheme or another becomes possible, has Colin Glassar (#11) got a point regarding Stanley Park?
36 Posted 24/11/2015 at 07:41:05
Council: "How much money have you got?"
Everton: "Errr, not very much to be honest."
Council: " What do you propose?"
Everton: "Can you pay for it please?"
37 Posted 24/11/2015 at 08:16:33
1. Find serious investment into the club.
2. Find and deliver a new stadium to move the club forward.
3. Improve our commercial income streams to match our league positions.
They have failed on all three. It would at least be honourable if they could admit their failures rather than constantly passing the buck with "It's the Council's fault" etc.
38 Posted 24/11/2015 at 08:22:55
39 Posted 24/11/2015 at 08:30:19
In that situation, who monitors the actions and performance of the executive? Who determines the business strategy and overall policies of the Club?
Nobody! And in those circumstances, Elstone has the job to die for. Does as he pleases and accountable to no-one. I wonder if he sets his own remuneration?
40 Posted 24/11/2015 at 08:58:18
Bill Kenwright, Earl & Woods do not want to dilute their shareholding. Therefore, they won't find investment. Trevor Birch is on record as saying they won't even let anyone who may be prepared to invest, have a place on the board.
Last night, the board basically confirmed to the world they want a Council that are making drastic cuts to fund their stadium plans. A board worth a combined £350m no less.
That's it. No need to go any further with this discussion. Now we can just shuffle off and watch the game in peace from behind the 32 columns that hold our ground up.
They have been lying and covering up their own incompetence and intransigence since the day they took control of this club. Why would they change now?
41 Posted 24/11/2015 at 09:14:30
How can a major shareholder fail to attend, especially knowing that his mate is too ill to be there?
Maybe that should be the next directive, we need to have a new share issue, and maybe the people that care the most can get involved. If it doesn't happen soon, the best squad we have had in 25 years will be slowly dismantled, Sam @36, thanks to Liverpool City Council!
42 Posted 24/11/2015 at 09:33:48
If you're not prepared to invest yourself, and have probably taken the money out of Everton in the first place to pay for your shares, you wouldn't want anyone coming in and spending brewsters because it might make you look like a fool. Better to fool most of the people and look like the hero, especially when you consider this was the same man, who once had a front page headline in the echo, declaring he would buy Everton, a new centre-forward with his own money!!???
Sorry it's gone down the same road as so many before, this thread, but only for the prudence of Moyes in the transfer market, and now the money from TV, where do people think we would be with these jokers in charge of "OUR CLUB?"
43 Posted 24/11/2015 at 09:44:13
Once again, they've been exposed for what they are, a bunch of lying fucking wankers!!
44 Posted 24/11/2015 at 09:52:08
Elstone must be aware of this. So let him now stand up and publicly target his fire at the real culprits.
45 Posted 24/11/2015 at 10:00:25
I really hope that Bill has got Everton's best interest at heart, because only a totally egomaniac eccentric could possibly think they are the best man for Everton... Seriously.
46 Posted 24/11/2015 at 10:00:33
We stand on the threshold of a dream with this brilliant group of players we have now. I believe we have a team/squad that could possibly spearhead the biggest revival in the club's history.
Sickening, though, that side by side with this scenario in my opinion is a club hierarchy of utterly incompetent, parasitic self-interested charlatans; we might well rue one day that we didn't hound them to hell out of it.
Good on all those fans that tirelessly work away at highlighting the bastards. As for the fool that wants to thank him...
47 Posted 24/11/2015 at 10:18:43
Can we just win a friggin' trophy this season please and finally banish our Anfield hoodoo good and proper! I'd pretty much class that as a season to remember.
You can keep all your beating around the bush at AGM's listening to the same stuff being spouted every year.
48 Posted 24/11/2015 at 10:33:15
We are a club playing well for the money we have. But no billionaire after us and the Board do not have that money and we have no new candidates for Board who would necessarily be better.
City Council - less money since it was created
So what can LCC do ? Help with EU application on regen grounds.
Now that takes work and long planning meetings and EU specialists .
But it can be done.
EFC and LCC cannot do it alone.
Joe's tweet was a self preserving disgrace. (Oh ...he is hoping to be new City Region gaffer )
49 Posted 24/11/2015 at 10:35:14
50 Posted 24/11/2015 at 10:39:07
I have to look back to when I thought Walter was taking us down and I thought here we go doomed to years in the lower tiers like Leeds, Sheffield Wednesday and Sheffield United etc Moyes came in and changed everything.
I now watch "the Fab Four" tearing into Villa and Sunderland, 10 goals in two games. A team that has gone behind on many occasions and fought back rather than give up. No one likes an obstructed view but I'll put up with it all day long rather than have to suffer the dross offered up to the likes of Newcastle Villa etc in their shiny new stadiums! No denying "The Old Lady" needs a revamp but under the lights for a big game it's a bit special...
The existing board don't have an economic formulae to solve the new stadium and so it would appear neither does a buyer it's a 𧶀M+ problem!
51 Posted 24/11/2015 at 10:59:58
Kenwright is a puppet first, a businessman second, and an Evertonian third. Sad but true. But if we can't reduce the asking price, I don't know how things can move forward off the pitch for Everton FC.
Sorry if I'm being harsh to our chairman but, after all these years, surely a suitable buyer should have been found by now. Read Kev Tully @39.
52 Posted 24/11/2015 at 11:05:34
We never really get to the bottom of our financial state, but I find it very distasteful when Mr Kenwright ( t hurt me to write that) is described as one of us; it is patently obvious, to me anyway, that he isn't.
53 Posted 24/11/2015 at 11:08:33
Everton FC need to come up with a sound business plan before this can proceed any further. To do that, they need to bring in a competent businessman who knows what he is doing. Surely this can be done for less than the salary of one fringe player?
54 Posted 24/11/2015 at 11:20:27
Then going on, in the second last paragraph he admits that if WHP fails (which is what is going to happen), they will look into redevelopment options for GP.
Seems a bit contradictory to me and would suggest that redevelopment is actually possible. Anyone know what these 'logistical reasons' are, other than buying up houses to be able to expand? My understanding was that LCC would be amenable to moving the primary school. Is St Luke's Church a problem?
55 Posted 24/11/2015 at 11:53:05
56 Posted 24/11/2015 at 11:54:26
As far as I'm concerned, they already put themselves in a difficult situation with Finch Farm.
Elstone should put on the table how much the Club will put in plus the enabling partners they are bringing in. Elstone is just setting up a scapegoat when it officially goes tits-up.
57 Posted 24/11/2015 at 12:04:09
The other problem is the angle which Goodison Rd makes with the stadium resulting in the strange shape of the main stand... both this one and its predecessor.
In my view, any meaningful redevelopment of Goodison Park would require either turning the footprint around by 90 degrees, and acquiring the land now occupied by the school, or shifting the stadium back towards Stanley Park and using the land currently occupied by the car park.
58 Posted 24/11/2015 at 12:04:44
Maybe us scousers have gone soft, and Joe Anderson better be careful that people don't start voting Tory, the way we have accepted the current regime for so long!!!
59 Posted 24/11/2015 at 12:19:57
And so it ever was!
60 Posted 24/11/2015 at 12:39:11
RE is only a mouthpiece for Kenwright. I have criticised Kenwright for years and been criticised for it by people who even now think he is doing the best in the circumstances. The circumstances over the past 20 years have been created by BK and his inability to manage the club's finances.
I am sure LCC will be even more determined NOT to partner up with EFC as what is said by both the Chairman and CEO are depending on your goodwill either a) hot air or b) complete lies. Nothing will change as long as BK is around.
61 Posted 24/11/2015 at 12:59:24
63 Posted 24/11/2015 at 14:25:45
EvertonÃÂ¢Ãâ¬Ãâ¢s net debt rose ١ million from 㿈 million to 㿋 million, but the gross debt was actually cut by ٧ million from 㿝 million to 㿔 million with the real driver being the 㾸 million reduction in cash balances, which fell from 㿁 million to ٧ million. Thanks to higher TV money, not to mention the funds from the Fellaini sale, net debt has improved considerably from the Ãâ㿙 million level in the years up to 2013, which Elstone explained thus: "our pursuit of success has stretched our finances."
There are basically two elements to EvertonÃÂ¢Ãâ¬Ãâ¢s debt: (a) 25-year loan of 㿁 million, which bears a high interest rate of 7.79%, leading to annual payments of ٠.8 million; (b) an annual loan of 㾿 million renewable every August, securitised on Premier League TV money, at a stonking 8.2% interest rate.
These interest rates are ridiculous and mean we are paying around Ãâ٣m every year just to service the debts. How they have not been paid off or renegotiated, I do not understand.
64 Posted 24/11/2015 at 14:47:01
If it's £2.5M to go through the planning process and I can believe it then it's a waste of money and time 'cos all Anderson'll do is put the mockers on it once he's seen us spend the money.
He's a stitch-up artist. Elstone's got his number. Good man.
65 Posted 24/11/2015 at 15:01:09
As far as I can tell, any other ground move hasn't boosted the club involved at all and in a lot of cases it has been a disaster. Has a bigger ground done Sunderland any good? How about the Barcodes 55,000 all seater? Are they thriving in the upper reaches of the EPL?
I've just read the the owner of Bolton Wanderers has agreed to write off £185M worth of loans just to sell the club debt-free and they have a new ground.
We have to walk before we can run. Decisions that should have been taken decades ago were not taken. So it seems pretty pointless blaming Kenwright now for things that happened before he owned the club. When Man Utd were enlarging their ground, we were happy to plod on in Goodison as is. Now it's become a game of catch-up.
Everton cannot afford to build a brand new ground from scratch without a partner who is prepared to put up almost the entire cost. To try to do so without such a partner would no doubt bankrupt the club and send us into a Leeds-like spiral we would never recover from.
We have to get into the Champions League on a regular basis to heighten the profile of the club to make it attractive to potential buyers. Until this is done, whether we like it or not, we have to put a new ground on the back burner and get on with improving the squad and our position within the EPL.
66 Posted 24/11/2015 at 15:07:04
Why do the club still borrow against future TV money every summer when the annual turnover has virtually doubled?
67 Posted 24/11/2015 at 15:38:49
I do agree about getting on with life; however, BK has been Chairman since 1999 and fucked up big style with the Kings Dock opportunity which it appears comes around about once in a lifetime.
68 Posted 24/11/2015 at 16:15:07
69 Posted 24/11/2015 at 16:23:32
Sunderland averaged 20k in their last season at Roker Park. They failed to stay in the Premier League and moved to the Stadium of Light starting in the then Division 1 (Championship today).
They averaged 33k in their first season in the Stadium of Light. They got beat in the play-offs (I think???) and averaged 38k in Division 1 the following season. They then entered the Premier League in the Quinn, Phillips heyday and were filling out 47k.
They have been abysmally managed on the football side of things and that is the reason for their woes. They are awful.
Last season, they averaged 43,000. They have developed the club and have the infrastructure.
Newcastle developed their club and went from pathetic gates to full houses of 55k. They gave people something to get behind and people got on board. They have had to do everything that they've done to BECOME Everton.
Meanwhile, all this club does is repeatedly slap its fans in the face. All people are asking for is something to get behind. The new stadium effect is proven it can last seasons; if we built a 50k stadium, we would fill it no problem.
71 Posted 24/11/2015 at 16:31:23
Straight question. Who's current position would you rather be in currently as a football supporter?
Everton, Newcastle or Sunderland?
72 Posted 24/11/2015 at 16:33:52
First, your claim that "as far as I can tell any other ground move hasn't boosted the club involved at all and in a lot of cases it has been a disaster." And then you list Sunderland, Newcastle and Bolton as examples to back up your point.
This ignores the fact that Sunderland and Bolton, who both languished many years in the lower divisions, were promoted to the PL AFTER moving stadiums, whilst listing Newcastle (who simply expanded their stadium) has nothing to do with your original claim.
It further ignores other clubs that have seriously improved their finances, attracted investment and attained PL status by doing exactly what you seemingly scorn: moving to a modern stadium.
From today's PL you can add the current leaders Leicester to that list, plus Southampton, Stoke and Swansea. All of them - like previously mentioned Sunderland and Bolton - spent years languishing in lower leagues before having a long term vision to improve their standing in which moving to a modern stadium was a major cornerstone in their ambitions.
The conclusion you leap to, that the likes of Bolton are in the dire straits they are now because they moved to a new stadium is a non-sequitur. I would suggest. In your two examples of Bolton and Sunderland, their current plight has more to do with poor managerial appointments, which in turn led to poor transfer policies and high player turnover, which directly impacted on the team's ability on the pitch to retain their PL status.
You go on to say "it seems pretty pointless blaming Kenwright now for things that happened before he owned the club."
Frank, BK has been a member of the Everton board since 1989, before the formation of the PL. He has been the majority shareholder and club chairman since the True Blue Holdings buyout of 1999. That is 26 and 16 years respectively. Jon Woods has been a director for 15 years.
How can you so flippantly dismiss as 'pointless' the blame directed at our current chairman after more than a quarter of a century sat on the board?
And then you conclude "Everton cannot afford to build a brand new ground from scratch without a partner who is prepared to put up almost the entire cost." Yet, some of the above mentioned clubs have done just that, with the club's board funding or securing loans to construct a new stadium, or (in other cases) refurbish their traditional homes.
Our board has done neither, other than oversee two failed ground moves (soon to be three..?) and steadfastly refuse to entertain the idea of redeveloping our traditional home.
And your solution...? "We have to get into the CL on a regular basis to heighten the profile of the club to make it attractive to potential buyers."
Phtt! Easy-peasy, innit?
73 Posted 24/11/2015 at 16:43:00
Absurd question that has nothing to do with the stadium issue and this board's inability to address it for 15 years.
74 Posted 24/11/2015 at 16:50:14
I have always said our Board's greatest failure is not achieving a new stadium but in support of Frank it is not the holy grail.
There is a big difference in the aspiration of the clubs you mention and our own.
If you take Sunderland, Leicester, Sunderland, Stoke and Swansea with their new stadiums, not one of them generates more turnover or match day revenue than we do.
And, other than Swansea, they all have significantly more debt than we do.
I would also say we have by far the strongest and most valuable squad of all despite Leicester's superb performance this year.
A number of posters claim the problems of some clubs has been footballing mismanagement, well who exactly is responsible for the appointment of managers and has ultimate sanction for transfer activity?
75 Posted 24/11/2015 at 16:56:24
It makes me sick to think that the club will consider every other option as feasible, except to redevelop the old ground. And the thought of that shower across the park, getting the whole park to themselves, just sickens me too.
I think we should do a fly over banner saying "Redevelop Goodison!!!!"
76 Posted 24/11/2015 at 16:56:51
Why is it absurd? You cite Newcastle and Sunderland as examples of models of governance we should be following.
So I just ask would you rather be in their position currently or ours? You may not want to answer but let me tell you I would certainly rather be in ours.
77 Posted 24/11/2015 at 17:12:32
The thing is though, once all the players' wages catch up with the current level of tv income (and it won't be long!)... We're back to the very same position whereby the very poor stadium generated revenue and merchandising leaves us in the shit every year.
78 Posted 24/11/2015 at 17:15:02
Rather, my post refutes (with supporting evidence) his claim that moving to a new stadium is, oft times, "a disaster."
In addition, my post calls attention to a number of factors which impacts on a team's overall standing and performance. It's called balance, Graham, which Frank clearly failed to present.
Similarly, I did not make ANY comparison to Everton's 'aspirations' in contrast to the examples I gave, or to the respective values of their squads, or questioned BK's ability in appointing good managers for the club.
79 Posted 24/11/2015 at 17:15:55
80 Posted 24/11/2015 at 17:24:12
Never has a comparison been more inappropriate.
At the start of the Premier League we were level pegging with Man Utd in titles won and Chelsea and Spurs didn't even come close.
They all have shown or are showing ambition whereas we have not and do not.
We get the same bullshit regurgitated every year. Poor little Everton need a charitable donation as we have no money while money pours out in the form of interest payments and other "unexplained" operating costs.
For God's sake, Elstone, instead of claiming to not be up to no good, come out and prove it.
Instead of saying we have ambitious plans which can't be achieved without "white knight" funding, develop a fucking plan that can be funded and makes commercial sense.
For 15 years we have allowed GP to rot away constantly claiming it was not viable despite expert proof to the contrary.
81 Posted 24/11/2015 at 17:27:11
So quite why you broaden the scope of the discussion to multiple unrelated issues when I focussed on one particular question, I don't know.
Oh! And both your posts to Bobby are absurd. I would go as far as to say they are unworthy of you, Graham. You're better than that. Claiming as you do in your 2nd post to him that he cites Newcastle and Sunderland as examples of models of governance we should be following is nowhere close to what Bobby actually wrote.
83 Posted 24/11/2015 at 17:47:14
84 Posted 24/11/2015 at 18:14:59
If the likes of Lukaku & Stones could see progress off the pitch, then surely they would view this club as somewhere to stay and develop their careers?
The current state of affairs on the pitch has been fairly stable for a decade or more. That's fine if 6th floats your boat. To me, it just demonstrates that there is still untapped potential left in the club.
The manager has only just stated that only a top four finish will ensure the current crop of players stay at the club. Ambition is required at the top of any organisation, not stagnation and the acceptance of mediocrity.
85 Posted 24/11/2015 at 18:48:57
1) If we had a 50,000-seater, could we fill it, as per Newcastle?
Ignoring London and the Manchester clubs who generally have bigger catchment areas than Liverpool and higher profiles etc, and can therefore attract bigger crowds, Newcastle with a 55k-seater and Sunderland averaging 47k a while back are fine from a numbers point of view, but they are both cities with a single club.
2) Without an underlying knowledge of the council in Liverpool, and their political persuasions or development policies (having worked for a council in the past who look at each project and see if it's of benefit to an area as a whole), apart from the perceived lack of ability for Everton to assist in the funding, is there an element of the council thinking that if they assist Everton in funding redevelopment or a new stadium they have to be seen to help any other large club that just might happen to share the City's boundaries? I assume they are already helping the other lot along the line.
86 Posted 24/11/2015 at 19:03:00
They have already had the council bail them out by buying Finch Farm while they (the council) have made hundreds redundant (including my wife) and cut major services. To ask anything from anybody else while we have some of the richest men on our board, I find a total embarrassment, to be honest.
There has never been so much money in the game as there is now; due to our poor commercial activities and poor leadership, we haven't got a pot to piss in.
87 Posted 24/11/2015 at 19:12:34
The question was that, in September 2014, at our last AGM, Robert announced (albeit reluctantly) that Everton and its partners are in discussion regarding an exciting development that would regenerate the whole North End of the City. That the club would be working in partnership with three key stakeholders. They named Liverpool City Council (LCC), Everton in the Community (EiTC), and Liverpool Mutual Homes (LMH)
Fast forward to November 2015 and our partners are now: Liverpool City Council and Everton in the Community. Not a mention of Liverpool Mutual Homes. WHY???
A full 14 months later and all we are told is that one of our partners are no longer... To then attack the only independent partner was careless to say the least.
The other thing I found strange was that, for the first time in my memory, no votes took place to endorse the accounts or to re-elect a Director as per rotation.
I understand that this may be subject to a legal challenge, but even if it doesn't it leaves us asking "Is Everton Football Club rudderless?"
Never mind... maybe the only partner solidly on board will sell even more scratch cards and rattle the buckets ever louder to fund our new stadium.
88 Posted 24/11/2015 at 19:34:44
Read the posts; he spent his post (#67) telling us how fantastic Sunderland and Newcastle had done "to develop the club and infrastructure" yet neither are significantly outperforming us in terms of turnover or matchday revenue and they both have significantly more debt than us and most importantly weaker playing squads.
So, if it is "unworthy'" of me to point out we are in a much better position than either of the teams he pointed out... so be it.
89 Posted 24/11/2015 at 19:36:40
In terms of running the club, the current board have actually done a very good job outperforming virtually all comers on performance versus income. We are in an infinitely better position now than when the current board took over, surely nobody can dispute that?
Where they haven't achieved progress is taking us to the next level but which other club has managed this transition even on multiples of our spending? The answer is none, and we must stop these ridiculous assertions that the board should be putting their own money into the club. They are businessmen not idiots and sugar daddies.
We can't afford a new ground but, then again, nobody else in the EPL can, not even Spurs who are looking for £400M from private sponsors. We won't make WHP work because unless we find a retail leveraged solution we just can't afford it so it won't happen. The board could be more transparent about it but they'd consider any information as business sensitive even though we feel that we have a right to know.
We are unfortunately a second-tier, low-revenue club in a league that is dominated by money and just one of many clubs hoping in vain to be able to make the next step up. Incredible things have happened at the club though as we have developed a young and talented side with players in every position who are high value and a buzz that I haven't seen in years.
Everybody in the football business, except for a tiny minority of our own fans, are giving us massive kudos for how the club is doing so well despite its revenue limitations. The board are responsible for this transition from the deep depression of the Johnson era and we should give credit where it is due.
90 Posted 24/11/2015 at 19:46:48
But with only three of that ilk and one chronically sick that's hardly surprising, is it ?
However, there are clubs with a roomful of businessmen who do no better than Everton both on and off the pitch.
The simple truth is that, for all the bleating about commercial failings, without a new stadium these figures are as good as it gets and without moneyed partners, we are stuck at Goodison. And, unless all the planners on here find some way to re-site a school and a whole street of houses, we are stuck with the Goodison of today.
But the team is doing OK so I'm just going to enjoy that aspect. After all, it was the team that attracted me to become an Evertonian in the first place!
91 Posted 24/11/2015 at 20:00:54
If that doesn't come to pass, our first need is a successful winning team; our only chance of that happening is to keep hold of all our top players.
The problem is, even if we could keep them at Goodison, it's still a long shot that we will be on par with the likes of Man City, Arsenal, Man Utd.
The owners will need to stump up a further £100M on two or three stars for us to be a serious contender to the above! On past history, I'm getting into the realms of fantasy I'm afraid.
Another factor working against us is we can't afford the wages that the money clubs can wave under Stones, Lukaku, Barkley and Deulofeu's noses.
In short... I've stopped hoping for miracles.
92 Posted 24/11/2015 at 20:06:43
We have never recovered from that fiasco and never will. Dream all we want but we ain't getting a new ground not now, not ever.
93 Posted 24/11/2015 at 20:27:03
We have always had the anti-Kenwright/anti-Board groups but the increasing anti Joe Anderson/Liverpool City Council diatribes, to put it mildly, miss the point.
I am talking particularly about ;
40 Tony Abrahams
47 Ged Simpson
57 Tony Abrahams
62 Gareth Scott (this one takes the biscuit – talking up neo-liberal economically minded Elstone against a mayor trying to protect the city against neo-liberal devastating cuts).
We have, in the section of the Lower Gwladys where I have been a season ticket holder for yonks, intelligent, passionate discussions/arguments. But there is a positivity about them.
The type of stuff on this thread is just sub-agenda negativity.
94 Posted 24/11/2015 at 20:28:09
I suggest you read Bobby's post again before insisting "he cites Newcastle and Sunderland as examples of models of governance we should be following."
He does no such thing. Like me, he simply counters Frank's post by detailing how Sunderland grew their average gate from 20k in the final season at Roker Park to today's 43k with some seasons touching 47k with the move to the Stadium of Light.
Like me, he gives a reason for their woes which are not related to 'moving to a new stadium' syndrome' which was the basis of Frank's post Bobby and I contested. I quote Bobby verbatim:
"They (Sunderland) have been abysmally managed on the football side of things and that is the reason for their woes. They are awful."
Similarly, Bobby describes how Newcastle went from pathetic gates to regular full houses of 55k, thanks to the initiatives of the board in re-developing the ground. Again, to quote Bobby verbatim, "They (Newcastle) have had to do everything that they've done to BECOME Everton."
So yes, Graham, your posts mocking Bobby are absurd and your charge against him that "he cites Newcastle and Sunderland as examples of models of governance we should be following" is a complete invention on your part.
ps: I notice you did a body swerve to my own rebuttal of your post directed towards me. Funny that, from someone given to incessantly repeating a question to another poster, as you do again in this thread.
As previously mentioned, I enjoy your posts and ability to defend a contrarian position to popular beliefs on TW. I never took you to be someone who resorted to fabrication and distortion in a reasoned debate if your opinion was challenged, rather than concede you might be wrong. I might have to review that belief based on this curious sequence of posts by you today, Graham.
95 Posted 24/11/2015 at 20:51:30
Remarkable indeed that the alleged partnership with LMH has conveniently evaporated leaving, apart from the council, a rather pathetic claim that the intrinsic charitable arm of the club is a key stakeholder in a major redevelopment project.
To then, as you point out, attack their only supposed partner, the council, was a grave error of judgement, to say the least; however, you know we both have had much experience in dealing with an organisation built on lies... lies which are necessary to conceal that the whole club is a lie from top to bottom.
The icing on the cake is that the Mayor of Liverpool has revealed that the project doesn't actually exist save in the minds of club employees tasked with the unenviable and undeliverable assignment of finding a solution to Everton's stadium problem. Two days a week, Elstone said he was working on WHP, didn't he? Laughable.
The escapade that Elstone presided over last night, let's not pretend Jon Woods was chairing the meeting, was nothing short of a PR disaster. No business was conducted, a director did not retire by rotation enabling the shareholders to, impotently I admit, register their approval or disapproval of the director's role, it was nothing but a faux game, nothing but a PR opportunity to present their fantasy world; they couldn't even get that right.
Elstone proved to everyone that he is totally out of his depth. The directors are worse, Woods does nothing, Earl does less and Kenwright, even when healthy, simply lives in a fantasy world in which he's happy to play at being a Premier League Chairman.
I had my fill of them all over Richard Knights' disgraceful treatment, I don't know how you keep it up; Evertonian's don't deserve you.
97 Posted 24/11/2015 at 21:00:41
I think you will find it's the same chairman who has employed the sleeze-bag CEO we all admire...
98 Posted 24/11/2015 at 22:12:05
What he is saying is we would fill a bigger newer stadium, even if we were on the same level as the teams you mention, we need an improved stadium.
99 Posted 24/11/2015 at 23:34:29
100 Posted 25/11/2015 at 11:53:42
Sorry I can't always be positive, but when Joe Anderson called WHP, a run down park, in the north end of Liverpool, did you want me to agree with him?
I just think it won't be an easy job, getting planning permission so easily, even if something can be sorted between Everton and the council.
I happen to think it's the only genuine park, for miles around and the local residents will put up one hell of a fight to save it. Something that might just suit the present regime, because although I'd love to be positive, I'm not sure even a divi could be with the position our great club finds itself in once again.
101 Posted 25/11/2015 at 12:01:44
Incidentally though, Bill, did say that publicly when he played a very clever game in hocking Everton. The fact that he has never gone through with it, must be sub agenda positivity!
102 Posted 25/11/2015 at 12:52:30
Why Elstone and the board just don't admit that they either can't or won't raise the capital for the project to go ahead? Do they seriously want us to believe that it is now the responsibility of the LCC to fund our new ground? They have already in my estimation over-stepped the mark in buying Finch Farm and renting it back to us at a knock down rate.
So, never mind the new stadium debate, I would like Anderson to tell me were he had a mandate from the electorate to bankroll Everton's training ground?
103 Posted 25/11/2015 at 13:25:54
I would love to see the club spending big money on the team, and really pushing for Champions League football, than being in a new 50,000 capacity stadium with a mid-table team, after selling our best players.
104 Posted 25/11/2015 at 15:06:57
Following my point regarding the stadium issue at #67, in response to Franks post directly preceding it, your asked me this at #68:
Straight question. Who's current position would you rather be in currently as a football supporter?
Everton, Newcastle or Sunderland?"
Your question was a preposterous, agenda-driven attempt to swerve the substance of the stadium issue. You chose to ignore the points I had made. Indeed you have referred to them subsequently, dismissively and childishly at #71 as "telling us how fantastic Sunderland and Newcastle had done".
Well, that's because when it comes down to rebuilding their clubs' infrastructure, massively increasing their fan bases, building 21st Century facilities that are key to attracting future investment and adding value to the clubs, generating revenue and providing home and away supporters with facilities that aren't from the '50s and '60s, they have done fantastically.
You dismiss the fact these, and other clubs, have developed their infrastructure with ambitious projects that have motivated, re-energised and grown their fan bases during the biggest boom football has ever known. Both Sunderland and Newcastle have increased their average gates by 2.5 times. Both clubs have won nothing during this period and have both dropped out of the Premier League and returned in the last decade. They also had no track record of success prior to undertaking their development plans. Look at the league positions.
Your main reason for dismissing these facts is that "not one of them generates more turnover or match day revenue than we do". You also qualified this by stating "neither are significantly outperforming us in terms of turnover or matchday revenue."
This misses the point entirely. It's completely irrelevant. These clubs, in terms of turnover and matchday revenue, are our direct peers, as our West Ham, for now. As I said, Newcastle and Sunderland have had to achieve everything they've accomplished to become us.
We, on the other hand, have done nothing. Zero. Zilch. And that is what we need to focus on. At Goodison, matchday revenue is essentially capped. We cannot grow that important aspect of our income, especially important when everyone is receiving huge, broadly similar levels of TV revenue. It is also now proving to be an issue that is a direct handicap to investment in or selling the club. It is also, increasingly becoming a factor in not attending the match. £45 to see 70% of the pitch? I can understand someone swerving it. Yet we still sell out 12 of 19 league games.
This city is football mad. Football is still booming. We sell out away everywhere and anywhere. We've done nothing for 25 years. After all this time, can you actually imagine the good will an inventive, competent, achievable, deliverable plan for redevelopment or a new stadium would generate?
We have offered nothing to get behind, slapping our fans in the face, failing to provide an adrenaline shot to the existing fanbase and expand it. We exploit the goodwill of our support. We don't embrace it. We propose undeliverable schemes that tease of a better future (Kings Dock), split the fanbase and waste millions of pounds (Destination Kirkby), that we can't get done and then bullshit about it (Park End), or that I am now beginning to believe we have never been serious about in the first place (WHP).
This club has massive untapped potential. It's there. If we built a 50k stadium, we would fill it. If we redeveloped bigger and better, we would fill it. The latter isn't an option as that involved spending money. In the biggest football boom ever known, when everyone else has either redeveloped (some more than once) or built new stadia, and after 16 years of total bullshit, smoke and mirrors and amateur night, I don't think it is beyond the pale to ask "Where is the plan?"
It's time to acknowledge there isn't one. This lot aren't even serious. And no amount of agenda-driven, selective drivel from you can mask that, Graham.
105 Posted 25/11/2015 at 16:27:55
Why is this? Well, it's emotional; it's personal. To everyone of us, Everton is a love affair that in many cases started on conception one Saturday night after a win, we were made you see.. so Everton was probably the reason many of us were conceived...
Laugh, yes, but I bet you there are an awful lot of kids born as a result of a thrashing of LFC by the boys in blue. We live a life with a love affair running parallel to any partner we may find... it lasts until our final breath.
So the point? To many of us, it's serious, it's part of us; to lie to us, to attempt to con us? Well, you cheated on us, you lied to us, the trust is gone. ThatÃÂ¢Ãâ¬Ãâ¢s what has happened to the so-called custodians of our club.
We support the team, love them with a passion, but despise the business called Everton FC because it continues to lie, continues to mock us, continues to stretch credibility beyond the realms of reality. They blame others before being honest with us and themselves.
We no longer know the truth anymore, we no longer believe todayÃÂ¢Ãâ¬Ãâ¢s version.
Of course, the team is also dependent on successful business; without the team, they donÃÂ¢Ãâ¬Ãâ¢t have a business. So its success is vital but a lack of commitment, the inability to commercially attract investment, buyers or negotiate a stadium deal, a lack of a coherent future business plan... the list goes on.
Stadium proposals have never been concrete since the Park End was done. Every single one of them since the Kings Dock fiasco, the search for other dismissed sites: DK, WHP Every single proposal has been thwarted by a club that promotes 'cannot do', rather than 'can do', such is the lack of intent.
There is an old saying, "Where there is a will there is a way" Ãâ there never has been a will. There will never be the will until a new owner wants to do it.
106 Posted 25/11/2015 at 17:02:09
I certainly seemed to have yanked your chain such is the frothing indignation of your post.
Let me clarify something as it may help. I do not defend the record of this administration in regard to improving and developing our playing facilities. It is quite frankly indefensible. Missed opportunities, blind alleys and still at square one it appears.
However, the point I was making is that, even with a 50,000-seat stadium, it would not necessarily transform the fortunes of the club in the way many imagine. I don't doubt we would be close to filling it but I suspect we would have to continue the policy of discounting for families and children. The main reason our attendances have been up but actual cash through the gate has decreased in the last few years.
I don't believe there is an investment proposal that would fly that involves the Club financing a development themselves through existing revenues and balance sheet. And even if I was proved wrong, I'm sure it would have implications on funds to continue strengthening the squad.
Sunderland and Newcastle have developed their stadium but in terms of football achievement it counts for absolutely nought, or, to quote your good self: 'Zero, Zilch'. They are both in seriously poor shape, treading water and in danger of relegation. So, in reality, 10 years on or so, what has this building of 'infrastructure' actually achieved? Well they both have significantly more debt and weaker playing squads than we do.
The best examples of stadium developments for me are Stoke and Swansea who have cemented a place in the PL as a result; however, cementing a place in the PL is way below our aspirations, having been in the top tier for over 60 years.
So yes, I want to see improved matchday facilities... but, if that is at the expense of the playing squad, then that's not a trade-off I would choose. That's why we need creative solutions to funding which I fear are beyond the capabilities of Elstone.
107 Posted 25/11/2015 at 17:36:00
108 Posted 25/11/2015 at 17:50:51
You are correct in the most recent accounts there has been a re categorisation.
However, I was referring to the few years prior to this were attendances have increased whilst revenues have decreased.
109 Posted 25/11/2015 at 18:20:22
Two standout results: lost 6-2 at Man City, won 5-1 at Bolton. Given the up and down (oo-err missus) nature of my relationship with Everton FC, my money is on the first of those results....
110 Posted 25/11/2015 at 19:02:20
Good game. I just checked myself and we lost 4-2 to West Brom.
I then checked my own three kids. Two defeats to Forest and one to Norwich.
However, I have a different theory. I never watch MotD when we lose so maybe I was otherwise engaged.
111 Posted 25/11/2015 at 21:07:56
Whilst such a theory is an undoubted stretch of the imagination, it would explain why Evertonians are born, not manufactured!
You could always say that although Everton actually lost that day, you needed consolation, but I wouldn't admit that to your better half... Not unless you wanted to end a bloodline. :-)
112 Posted 25/11/2015 at 21:38:02
114 Posted 25/11/2015 at 22:53:29
I got the info from the wonderful Evertonresults.com website.
However my first child was conceived during one of our Championship seasons - I think I'll be looking at great grandchildren for a repeat. Alas!
115 Posted 26/11/2015 at 05:58:04
With one or two available stadiums (White Hart Lane and Stamford Bridge when Chelsea get relegated and move to the Russian Premier League), possibly in or around the outskirts of London, couldn't a buyer work out a stadium deal and then buy Everton and move to London?
After all, the value of the TV contract is what drives the bus for the teams rather than historical loyalty to a geographic region. This plus the player values and the Everton name will follow with the club. The old grounds can be sold for some other development such as a school for teaching Liverpool FC fans manners or some such lofty endeavor.
The stadium might not sell out initially but with the TV revenue and selling a player or two the lost revenue could be made up for. Granted it is probable that aspirations for top 4 or even 7 finishes might have to be shelved for a while. In the long run a new ticket-buying fanbase would develop, the TV money will increase, and the club could regain its form and push for the top in the city most likely to attract tourists and investors.
Only asking because I worry about a buyer trying to do just this scenario. I understand that the question is simplistic and possibly naive but what, aside from historical references, are the ties that bind, so to speak, Everton to Liverpool?
Could our current ownership, without selling outright, decide Liverpool as the site for attracting a new investor or building a new stadium is a no-go and just bring on a London based financial sugardaddy and move?
116 Posted 26/11/2015 at 06:39:09
I lived in London when the move was finally announced I worked with Wombles Season Ticket holders. They were livid, but there weren't enough voices, and an unsupportive Borough Council.
Plus, Milton Keynes had been trying to get a football club for donkeys years. (I actually met the guy who designed Milton Keynes in 1995, and asked him why he spoke as if he was proud of it. He told me his original plans were watered down and they were when you saw them but he was still proud of his role in the "bigger vision".) WImbledon FC had been associated with relocation out of London several times. Even to Dublin.
Anyway, it was an unusual set of circumstances that basically saw an "unwanted" club move to somewhere it was wanted. I think even the most ardent LFC fan would be opposed to Everton relocating down south (even if it would be an easier away fixture to get to for most of them).
However, let's just say it was allowed to happen by the authorities, and our new owner wanted it to, then yes I believe it would happen.
The only way our fans would unify and oppose it is if it turned out he was a former LFC season ticket holder...
117 Posted 26/11/2015 at 09:24:01
118 Posted 26/11/2015 at 11:36:04
119 Posted 26/11/2015 at 17:22:33
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