Seasons2021-22Everton News
Report: Peter Kenyon heading consortium to take over Everton

Updated The former CEO of Manchester United and Chelsea, Peter Kenyon, is reportedly spearheading a consortium intent on taking over Everton from Farhad Moshiri.
According to an exclusive claimed by The Telegraph, the group, which includes the chief executive of Minneapolis-based Talon Real Estate, Maciek Kaminski, and American businessman John Thornton and is being advised by investment specialist Michael Klein, along with the US law firm Weil, Gotshal and Manges, has already entered talks with the Blues' current majority shareholder.
Though talks, which initially centred around financing the stadium at Bramley-Moore Dock but evolved to a proposal to buy the entire club, are said to be in the preliminary stages, the report suggests that heads of terms are already in place, signalling the intent by both parties to progress.
Moshiri is said to value Everton in excess of £500m, a figure that includes the club's debts but Sportsmail say that Kenyon's consortium is offering £400m at this stage.
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Kenyon and his partners may seek assurances that Everton will not be subject to any action from the Premier League, either by way of a heavy fine or points deduction in relation to Profit and Sustainability rules before entering into any formal agreement. The club have consistently maintained, however, that they remain compliant and have comfortable headroom regarding the League's financial regulations.
Meanwhile, The Mirror report that Everton have been the subject of interest from four different parties, with Kenyon's consortium the most advanced in terms of negotiations.
None of the club's hierarchy have, as yet, responded to the reports which come on the heels of speculation that Moshiri would be willing to listen to reasonable offers to either buy out his 94% stake-holding in Everton entirely or invest in a portion of the club.
The Iranian-born billionaire arrived at Goodison Park to much fanfare in February 2016 but despite pumping as much as £685m into Everton , much of it spent on ill-suited and expensive players, has struggled to progress the club on the pitch.
He has, however, initiated a successful solution to the Blues' long-standing stadium dilemma by securing a site for a new ground at Bramley-Moore Dock and funded the initial construction to date. In a letter to supporters last week, Moshiri reiterated his pledge to deliver a fully-funded stadium, with the remainder of the estimated £500m construction costs also expected to be funded privately. Those costs would have to be factored in by any buyer and will likely affect the price of any buy-out offer which would, as a consequence, be the biggest stumbling block to any takeover deal.
Moshiri's estimated net worth has reached as high as £2.9bn in recent years but has taken a hit following Russia's invasion of Ukraine, the resulting personal sanctions against his business partner Alisher Usmanov and the general impact of the war on USM Holdings.
Further updates from The Telegraph on 14 June suggested that Kenyon's group had been granted exclusivity as talks continue over a potential buyout and that while Kenyon is likely to take a role in the running of the club if the takeover is successful, it is Kaminski who is "providing the greatest financial weight behind the bid".
Reader Comments (394)
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2 Posted 13/06/2022 at 18:23:27
5 Posted 13/06/2022 at 18:32:04
7 Posted 13/06/2022 at 18:35:41
9 Posted 13/06/2022 at 18:37:58
10 Posted 13/06/2022 at 18:47:02
Does anyone seriously think Farhad will give two flying ones if it's built? He wants his money and to scram.
It's in the lap of the gods now whether this consortium is the real deal or the new Burnley. Let's hope for the best. One unalloyed piece of good news is that that total fuckwit is selling up.
11 Posted 13/06/2022 at 18:49:15
12 Posted 13/06/2022 at 18:51:16
13 Posted 13/06/2022 at 18:57:03
14 Posted 13/06/2022 at 18:58:13
15 Posted 13/06/2022 at 18:59:20
16 Posted 13/06/2022 at 19:01:57
17 Posted 13/06/2022 at 19:04:45
18 Posted 13/06/2022 at 19:14:35
The positive is we wouldn't have Moshiri involved which for me is a massive plus.
19 Posted 13/06/2022 at 19:40:19
I hope they understand the trainset model of mediocrity.
20 Posted 13/06/2022 at 19:40:35
21 Posted 13/06/2022 at 19:52:04
“Thornton is worth £31 Billion” — Are you sure?
The company he works for is worth £31 Billion… I think Thornton is worth a lot less, over £30 Billion less!!
22 Posted 13/06/2022 at 19:57:13
23 Posted 13/06/2022 at 20:05:42
24 Posted 13/06/2022 at 20:17:42
25 Posted 13/06/2022 at 20:21:35
26 Posted 13/06/2022 at 20:27:27
27 Posted 13/06/2022 at 20:31:19
28 Posted 13/06/2022 at 20:31:38
Say what you like, but Americans know how to run big businesses
Moshiri needs to sell and recoup his wasted cash.
29 Posted 13/06/2022 at 20:52:36
30 Posted 13/06/2022 at 21:09:21
wasn't bad at all. As ever, who knows where the money may come from - I suspect this will prove a hollow rumour anyway.
If we're going to reject owners/funders on ethical grounds, we really ought to have started with Green and then Usmanov whose accountant is our current proprietor. The moral ship sailed long ago, possibly when we signed up along with everyone else to the Skybollox.
31 Posted 13/06/2022 at 21:14:50
32 Posted 13/06/2022 at 21:20:08
34 Posted 13/06/2022 at 21:47:02
35 Posted 13/06/2022 at 21:47:05
36 Posted 13/06/2022 at 22:01:17
37 Posted 13/06/2022 at 22:05:41
It's not football now though, it's a game of "We've got loads more money, okay!"
38 Posted 13/06/2022 at 22:11:41
Early signs are worrying, if this turns out to be a leveraged buy out, then Kenwright needs to be front and centre raising the alarm whilst there may be an opportunity to 'scare them off'.
If we end up getting sold, and Kenwright says post the sale 'I wasn't able to find out how they were financing it' that won't wash.
39 Posted 13/06/2022 at 22:20:01
It's been doing the rounds since Richard Keys said we were being touted around for interest. It seems Moshiri has had enough and wants out, especially as his best mate is no longer behind him. I just think this story has legs...and any other bit..
I wonder if Moshiri will keep an interest but sell 75%?
40 Posted 13/06/2022 at 22:21:27
41 Posted 13/06/2022 at 22:23:23
42 Posted 13/06/2022 at 22:24:38
43 Posted 13/06/2022 at 22:25:35
44 Posted 13/06/2022 at 22:26:38
45 Posted 13/06/2022 at 22:28:11
46 Posted 13/06/2022 at 22:31:19
47 Posted 13/06/2022 at 22:38:50
I believe that most clubs are for sale at the right price.
To become owners of Everton you have to have the majority of shares and as Moshiri through his Blue Heaven Holdings Limited holds over 92% of shares he will have the benefit of selling his.
Bill Kenwright only holds 1.72% of shares so there is no need to even discuss a sale with him.
48 Posted 13/06/2022 at 22:39:57
https://en.wikipedia.org/wiki/Aspire_Academy
Whilst there may be a number of moral issues this would seem a more logical route for a sale, with perhaps Cahill coming in as CEO.
49 Posted 13/06/2022 at 22:42:01
50 Posted 13/06/2022 at 22:42:49
Even when they really piss me off which is obviously quite often and I really, truly hate them, I still absolutely love them. I would go to the end of the earth and die for them if I thought it would help.
Needless to say, I find comments like that completely alien but each to their own.
51 Posted 13/06/2022 at 22:46:48
I'd certainly welcome this if there is an ambition to improve the club on and off the field, year-on-year, together with promoting a positive brand of football and we can be seen to be competitive whilst heading in an upwards trajectory.
Above all, I want those at the club that actually are interested in seeing this club progressing and looking for some level of success in the longer term, that clearly comes with a plan.
People with a vison and strategy will certainly be welcomed. Out with the old and in with the new.
53 Posted 13/06/2022 at 22:47:57
54 Posted 13/06/2022 at 22:48:04
The devil(s) you know? Trouble is while we 'know' him – we also know he doesn't have the first fucking clue about football, or, looking at the money wasted, business either.
If any new guys can get us running even remotely well, then let's give them a go. Even 'In a half arsed manner' would be a significant step up.
Like we have any actual say anyway.
55 Posted 13/06/2022 at 22:48:38
56 Posted 13/06/2022 at 22:54:30
Where's the value of £500M come from, as the new ground at Bramley-Moore Dock, will be worth or in excess of this figure.
I hope this doesn't impact pre-season plans and any transfer activity, as next season must be a new starting point for Everton.
57 Posted 13/06/2022 at 22:55:02
To quote a New Model Army song… "for every winner means a loser in the Western dream".
58 Posted 13/06/2022 at 23:05:17
59 Posted 13/06/2022 at 23:11:23
Maybe if things go south for Trump there will be some PAC money available for some investments to keep Vanky and Jared flush.
60 Posted 13/06/2022 at 23:12:32
61 Posted 13/06/2022 at 23:13:30
62 Posted 13/06/2022 at 23:22:40
While I agree he doesn't have a clue about football, to say that multi-billionaire British Iranian businessman Farhad Moshiri doesn't have a clue about business is mental. I'd love to be that clueless, then I wouldn't be worried about inflation etc.
63 Posted 13/06/2022 at 23:29:09
Maybe we should all calm down about a link to someone until we know what that link is?
Seems to me like we love a bit of self-righteous fume and virtue signalling on TW.
64 Posted 13/06/2022 at 23:34:18
The righteousness is coming from those who are criticizing his decision not to be associated with that kind of support. It's each fan's call and they don't need anyone else advising them on morals or standards.
65 Posted 13/06/2022 at 23:47:45
If this means that we are run better and we see the end of Kenwright, I'm behind it.
66 Posted 13/06/2022 at 23:53:36
While Thornton is a bigwig in Barrick Gold, a company that is worth $32Bn, I can't find his worth. Kaminski is connected to Talon Real Estate Property Holdings which has a worth of $5M+ and in 2019 was reported worryingly whether it was a going concern or not.
Again I can't find his worth either. But have looked on Forbes and they are not listed as billionaires.
This smacks as a leveraged buy as someone else has suggested and I do believe the stadium will be built then they will sell it again. When you have Chelsea being sold at £4Bn, that makes economic sense.
I suppose they would have to invest in the team to remain in the top flight but, for me, it's a risky experiment.
67 Posted 13/06/2022 at 23:58:29
My feeling is that part of the reason for that was the disruption caused by Carlo leaving, the appointment of Benitez, the sacking of Brands, the selling of Digne, and then the fight over the appointment of a new manager. Their heads must have been spinning.
I was hoping for a period of stability while our new manager rebuilds the squad and the owner delivers on his promise to build the new stadium.
68 Posted 13/06/2022 at 00:01:23
If they're proper businessmen who will hire proper football people to run the club, that would be a good start. Hard to imagine anyone doing worse than the current owner and chairman have.
69 Posted 14/06/2022 at 00:04:12
Peter Kenyon as chairman would be a huge upgrade on Bill and Barrett-Baxendale.
70 Posted 14/06/2022 at 00:28:07
Talon Real Estate invest in industrial and commercial properties and they could be sniffing money to be made in the north end docks area.
Swerve.
71 Posted 14/06/2022 at 00:29:02
The current incumbents exemplify that strategy (except Moshiri has exposed himself to worldwide ridicule on account of his all too public buffoonery).
He's now placed his and our very own bollocks in the grasp of the very next shyster to buy into us as the next benefactor, regardless of the views of the fanbase. Meanwhile, the self-termed world's greatest Evertonian remains silent until he sees how he personally can best profit.
Suck it up, again, fellow Blues, and cheers Farhad but your apology doesn't begin to cover it.
72 Posted 14/06/2022 at 00:29:42
More important, it seems it will change the financial blame as the new consortium can't be held to blame under FFP for the sins of the outgoing directors.
Thus, Everton should be back in transfer moolah… Bring it on!
73 Posted 14/06/2022 at 00:32:13
Thornton is said to be a close associate of Steve Bannon, notorious extreme right-winger, uber-capitalist and reputed white supremacist (actual white supremacist, not the contorted and stretched definition of what is actually white predominance that is now all the rage) who was once Trump's right-hand man before the orange numpty turfed him out on his ear.
There's also a photograph doing the rounds on Twitter of Thornton lunching with Bannon and Nigel Farage in London and he was apparently a special Trump envoy to China during the trade negotiations a few years ago.
There's plenty you could say and many are saying it but I would argue that if Alisher Usmanov's involvement (which may have extended as far as shadow owner, depending on who you believe), wasn't a red line for you then having a Bannon/Trump acolyte involved in the financing of a consortium buying out Everton probably shouldn't be either.
Not that that makes it palatable, of course, but as we're seeing across the Premier League now, the kind of money needed to buy football clubs these days is dirty in ways you probably don't want to know about.
Elite-level football has become a very grubby arena indeed.
74 Posted 14/06/2022 at 00:40:26
Moshiri has been an unmitigated disaster, in my opinion. Less than 2 years before he bought the majority shareholding, we finished 5th with our record Premier League points total. Since then, no European campaigns and one of the closest shaves with relegation in our history. Money has been spunked up the wall while vision and strategy have been non-existent.
Moshiri's only saving grace is securing a new stadium, assuming it continues apace. I believe it was always Moshiri's intention to build a new stadium and flip the club for a profit. His plans may now have been accelerated with the sanctioning of Usmanov.
It is not beyond the realms of possibility that Moshiri may even have put feelers out looking for potential new buyers. While this deal still seems a long way off, time will tell whether it could be a net positive.
75 Posted 14/06/2022 at 01:04:24
The report doing the rounds this evening about the Peter Kenyon consortium states they want assurances about possible FFP ramifications, before it says Everton are confident of no wrongdoing.
Well, if the club is sold to new owners or investors, are they going to be culpable anyway... Or would it be a clean slate? Does anyone have a clear answer on this?
76 Posted 14/06/2022 at 01:08:01
77 Posted 14/06/2022 at 01:08:21
Barrick Gold, of which he is chairman, is one of the most contemptible corporate entities on earth, undisputed perpetrator of human rights abominations in Tanzania and New Guinea:
Murder, rape and claims of contamination at a Tanzanian goldmine
Porgera United Human Rights Organizations Joint Statement
John Thornton makes Newcastle's new Saudi owners look like Nelson Mandela. If this scumbag is involved in this proposal in any way, it should be blown off the table with a water cannon.
78 Posted 13/06/2022 at 01:29:46
While Morshiri's finances have taken a huge hit from the current world situation, plus the money he's blown already on the club, Usmanov has taken a far greater blow.
Rumours of the club being for sale were being floated back in January and February time. This could explain the timing, as it's a bit odd that he'd be willing to sell now. You would've thought he would wait until the stadium was finished, which would add considerable value to the deal.
Without Usmanov's wallet, and the FFP mess his own reign has caused, we're in probably in a worse state than when he first got here. Instead of ploughing his own money into the project, he probably wants out before even more losses.
What will be interesting though will be if he sells up the rumoured interest he has in property and land around the city, especially close to the docks.
79 Posted 14/06/2022 at 01:59:50
American owners, on the other hand, tend to focus purely on the profit, to hell with sentiment and tradition. This consortium sounds like the worst type of American owners. They will get their profit even if it means burning down the house.
They'd probably sell the new stadium to the red shite, pocket any profit, and move our "franchise" in with Tranmere. I just hope some of the other prospective buyers are a bit more credible.
80 Posted 14/06/2022 at 02:16:28
Makes sense that he's had enough but, with his recent apology and backing of the stadium, it just adds to a more confusing and destabilizing future.
82 Posted 14/06/2022 at 02:22:57
Anyway, why the American bashing? Every investment in a football club is, well, an investment. The investors put money in to get money out with the aim of trying to achieve success.
Sir John Moores was no different.
And sorry to risk being reprimanded by Michael for over mention, but that lot haven't done too bad being run as an effective business by US owners. Success followed on the pitch.
And if there is truth in this, we do have an individual who has been on the board of two of the most successful clubs in English football over the past few decades leading it, for those who want the sports club experience tick in the box.
If it's true. But clearly we appear to be for sale. Let's wait and see where this one goes before throwing dummies, spitting froth and getting overly emotional. We haven't sold to Donald Trump just yet.
84 Posted 14/06/2022 at 03:09:20
Yes. The endless rule-changes aside, I love the actual game — as it pertains to 11 v 11 on the pitch — as much as ever, obviously, but Im thoroughly disillusioned with FIFA, UEFA, the obscene imbalances at the top end of the big five leagues, VAR, again, IFAB, dicking around with the rules, and, yes the ugly side of club ownership.
When youve got clubs owned by countries and sovereign wealth funds, something is very off.
86 Posted 14/06/2022 at 03:18:13
Of course Everton in it's present condition will attract interest, which could be undesirable interest, such is the Premier League. I can see the latter giving assurances regarding status, if money is available. They will have no qualms about that, for sure.
87 Posted 14/06/2022 at 03:30:17
This is just newspaper talk at present and yet this thread is full of pessimism. Why not calm down and just wait for some definite news? It's not as though we have any say in the matter anyway.
90 Posted 14/06/2022 at 03:37:14
Everton can't buy and sell players while the club is being sold!
91 Posted 14/06/2022 at 03:37:18
92 Posted 14/06/2022 at 03:48:25
Let's see where this takes us.
August and the first match. That's my current focus. What will be will be. All we can do is follow like we always have and will do. In person or in spirit from afar.
97 Posted 14/06/2022 at 04:20:15
I'm sorry but for me winning does not come at any price.
100 Posted 14/06/2022 at 04:38:30
We as fans need to be actively involved in any takeover of our club, we will need assurance that Frank and his staff remain in charge.
Have you ever wondered why the likes of Kenyon would be operating from Jersey? He's just another tax dodger and knows the Inland Revenue can't touch him while he lives there.
102 Posted 14/06/2022 at 05:03:07
Seems as if this getting into the press might be or is a way of forcing other parties' hands. Smoking out those who are interested in essence.
With interest rates across the world rising rapidly, one fears an Everton takeover financed on debt would ruin us.
I'm watching with interest. And no little alarm.
103 Posted 14/06/2022 at 06:24:19
Oh, hell, now it's Man Utd's cast-off executives.
"We shall not, we shall not be moved..."
104 Posted 14/06/2022 at 06:37:27
105 Posted 14/06/2022 at 06:45:21
106 Posted 14/06/2022 at 06:49:19
Reading up on these guys, their combined worth is around £1.5Bn or something... sounds like a Glazier takeover funded with bank dept. For all Moshiri's mistakes, I feel more comfortable with him than the sound of this.
107 Posted 14/06/2022 at 07:03:31
"Barr: Trump became 'detached from reality' after 2020 election loss"
"Twice in the final months of the Trump administration, the country's top military officer was so fearful that the president's actions might spark a war with China that he moved urgently to avert armed conflict. In a pair of secret phone calls, General Mark A Milley, the chairman of the Joint Chiefs of Staff, assured his Chinese counterpart, General Li Zuocheng of the People's Liberation Army, that the United States would not strike."
"James Mattis, the esteemed Marine general who resigned as secretary of defense in December 2018 to protest Donald Trump's Syria policy, has now broken his silence, writing an extraordinary broadside in which he denounces the president for dividing the nation, and accuses him of ordering the US military to violate the constitutional rights of American citizens."
"More than 200 retired generals and admirals endorsed Joe Biden for president in a letter published Thursday, saying he had the character and judgment to serve as commander-in-chief instead of President Donald Trump, who 'has demonstrated he is not equal to the enormous responsibilities of his office; he cannot rise to meet challenges large or small. Thanks to his disdainful attitude and his failures, our allies no longer trust or respect us, and our enemies no longer fear us,' the letter says."
108 Posted 14/06/2022 at 07:07:59
As long as the two above mentioned morons depart in haste, I don't care if even Old Nick buys us.
What a disgrace we've become.
109 Posted 14/06/2022 at 07:19:40
Like you, Colin, I'd be pleased to see the back of both Kenwright and Moshiri – but I do want that stadium built. It's a necessary part of our modernisation.
As for the future on the pitch, hard to say. Without Saudi-level money, it's very hard but not impossible to compete.
110 Posted 14/06/2022 at 07:50:38
As for this being a good deal, I have no idea. As a long-time Everton supporter, I live in hope of at least a whiff of our former glory. Even a Moyes era Champions League qualification would be nice.
However, it is not the money (we saw that with Moshri), it is people who know football and who have a vision and long-term strategy that we need.
111 Posted 14/06/2022 at 08:02:58
These entities are either looking to make easy money on real estate or to place debt onto clubs. The only other options are the washing of dirty money or the "cleansing" of monstrous murdering regimes. What a world we live in.
It makes our neighbours' US sports franchise look positively angelic.
112 Posted 14/06/2022 at 08:07:06
Sadly this sorry saga is likely to run and run, just when I was beginning to look forward to the new season.
113 Posted 14/06/2022 at 08:08:11
I think my overriding memories will be the number of sub-standard managers and players that Everton have recruited, that have led somewhat to our demise on the pitch.
From what should have been a golden era for Everton, it has turned most of us into quivering wrecks, because of mismanagement.
Moshiri has the vision of a future Everton at a new stadium, with what appears to be a business plan to put this in place. It is the actual footballing side of his era that is concerning.
We have a few good players that, in my opinion, we should keep and add to, if we are to show any ambition on the footballing side. If we sell our best players, to raise money and balance the books for FFP reasons, then we are back on the merry-go-round of uncertainty, buying players in the hope that they will improve the team, and our Premier League status.
As a long-term Everton supporter, who has seen the highs and the lows, I want to see us in the Top 4, in the Champions League, winning domestic and European trophies, as we used to do. Is that too much to ask?
115 Posted 14/06/2022 at 08:25:56
Let's be fair, the club couldn't be more Amateur Hour if it tried, could it? We need to move forward with strong leadership upstairs. The day Moshiri, Kenwright, and Barrett-Baxendale start clearing their lockers won't be a day too soon.
Even if it's not this consortium, we can safely say it's going to be someone else. It's out there now. UTFT.
116 Posted 14/06/2022 at 08:27:27
Whoever finally buys Moshiri out, there will be dissension from the fanbase. Personally, it doesn't bother me who owns the club as long as they leave the running of the club to knowledgeable professional business people who in turn bring in football people on the playing and recruiting side.
Oh yes, and get rid of the present incompetents.
117 Posted 14/06/2022 at 08:32:55
118 Posted 14/06/2022 at 08:44:14
I don't care who owns it as long as there is money for a squad rebuild.
119 Posted 14/06/2022 at 08:48:19
Telegraph reporting sales negotiations are taking place. Stadium still rising out of the ground. Perhaps the stadium will be a gift? He strolls off into the sunset with Usmanov.
Perhaps it's the end game for Moshiri. Had enough. Doesn't need the aggravation. I hope he shuffles off with Bill. You can but dream.
Doesn't look like a huge Saudi type takeover but the new stadium is clearly the attraction, isn't it.
Will we miss Moshiri? No, in a word…
120 Posted 14/06/2022 at 08:48:28
121 Posted 14/06/2022 at 09:19:09
As much as I am infuriated by Moshiri's wasteful reign, I would not want this consortium to replace him.
At least Moshiri likes football. This smacks of making money at any cost (to us) by hard-nosed, morally questionable football philistines.
There are other big fish in the polluted sea.
122 Posted 14/06/2022 at 09:28:11
123 Posted 14/06/2022 at 09:31:49
124 Posted 14/06/2022 at 09:31:55
If this goes through (or if not), I hope he has learned to get proper people in if he insists on being an absentee owner. We as fans just want to be relevant again… well me personally. The ethics of the owners are well down the pecking order as long as they have experience as a CEO and Chairman at the top end of the scale.
125 Posted 14/06/2022 at 09:32:59
126 Posted 14/06/2022 at 09:37:36
Most here were delighted to have the Moshiri take over and look at the backwards steps we have endured since.
I love Everton Football Club dearly and would really love to have some capable minds running the club in a modern and professional way; I think this consortium would probably do that given their history.
But personally I do care who the club gets into bed with and John Thornton especially seems a nasty piece of work. Admittedly, it's hard to find many (any?) billionaires with clean consciences but I think white supremacist and multiple human rights violations feels a step too far for me. But, as Lyndon says, I guess that's the way the game is going.
Wonder if Red Bull fancy buying their first Premier League club?! I would love us to become part of that network – and they already have their man Kevin Thelwell in place.
127 Posted 14/06/2022 at 09:45:52
Then again, Chelsea have just been sold for over 8 times that figure – and there were other unsuccessful bidders (including Sir Jim Ratcliffe) interested in investing at that sort of price.
Ultimately, a football club is worth what someone is prepared to pay.
128 Posted 14/06/2022 at 09:47:25
129 Posted 14/06/2022 at 09:47:51
It's a crying shame, not just for us but for the whole of football. We may not be the most successful club around these days, but we are something of a throwback to the pre-Sky era, with our scruffy old stadium, local fan base, community outreach, and – yes – even our ridiculous Chairman who has been a fan all his life.
Of course, a club is really just its fans. And we are a family club more than most others. The RS might be the dominant force in our city, but the vast majority of their fans have little or no connection to Liverpool. We're the opposite – if you see an Everton shirt on your travels, it's a delight, a rarity, the sign of a free-thinking maverick, not a glory-hunting knob.
And that's the important thing. I fear there are some turbulent times ahead, but what we need to do is ensure that the spirit of the Blues remains intact – whoever owns us, whoever plays for us, whoever manages us.
130 Posted 14/06/2022 at 09:49:41
We know that, before becoming Everton manager, Ancelotti had a 3-hour meeting with Usmanov, who isn't even a shareholder. Also Benitez spent a couple of days on Usmanov's Yacht before agreeing to become the manager.
So when both the European Union and the British Government sanctioned him, then it probably meant that whatever ambitions he had for the club were finished. So rumours of the sale of the club now circulating shouldn't surprise anybody.
I would think within hours of us avoiding relegation, then things would have been put in motion for a transition of ownership. The fact that Moshiri didn't bother to attend any games when we were fighting relegation says everything about his long-term ambitions.
I did say when he sent his letter last week it lacked a lot of detail, especially as to how the new stadium was to be funded and how we could compete without the Usmanov money.
Well, now we know why he didn't address those problems – because he was in the process of selling his shares.
But even more worrying is Mike Gaynes's assessment of the possible new owners, both in financial and ethical terms as well. Also this was rubber stamped by the post by Jim Potter who actually worked for one of the potential new owners.
Whichever way you look at it, it doesn't look an appetising prospect having these people involved in our club. But we have very little input and an owner who just wants to get back some of his losses.
131 Posted 14/06/2022 at 10:04:24
All very true and it now looks like Usmanov has had to jump ship and has left Moshiri to it. Now he can see his fortune diminishing and is panicking and wants out.
The whole situation is a shocking mess and the blame lies with Kenwright who has got us into it with bad decisions which only favoured himself.
He turned down good owners and found one who let him remain chairman. That was his sole concern, not the future of the club.
132 Posted 14/06/2022 at 10:06:10
133 Posted 14/06/2022 at 10:14:11
He actually turned down Sheikh Mansour to remain in control. We would have been competing for our 16th title next year with our new striker, Haaland. We would have been in the new stadium years ago.
The man makes me sick, and the sooner he's gone, the better.
134 Posted 14/06/2022 at 10:14:11
And this is a model followed predominantly by American investors. See Arsenal, Man Utd, Burnley to name but three.
To hear then that our prospective new owners are Americans with not much cash is very concerning. To people saying 'let's just see what happens' – well, it might be too late then. Once these 'investors' have bought the club, we are stuffed.
This is the key time. We need to find out how they are financing the purchase. The club need to publicly commit not to sell on to people with no real money or experience of their own.
Kenwright is key to this. he's the fucking chairman and he needs to spell out asap that the club won't be sold to sharks.
135 Posted 14/06/2022 at 10:28:11
My concern is that, whoever buys the club should put the best interests of Everton FC first, rather than it becomes a pawn in some murky financial dealings, saddling the club with even more debt.
This so-called consortium look a pretty shifty bunch to me and I wouldn't touch them with a bargepole.
Why is this group getting all the publicity? Is it because of Kenyon's CV? Who are the others, anyone know anything about them?
136 Posted 14/06/2022 at 10:30:18
I can feel fan protests in the air if this goes any further. I'm particularly concerned by Mike Gaynes's and Jim Potter's contributions above.
137 Posted 14/06/2022 at 10:32:14
To those saying it'll be kissing goodbye to the new stadium at Bramley-Moore Dock – have they wondered why there's a flurry of interest from potential buyers now it's nearing a reality and boots on the pitch?
138 Posted 14/06/2022 at 10:41:43
Trust me, we are not choosy as anything will be an upgrade. One of many examples: when Carlo went, our CEO was verbally paralysed and there wasn't one statement or any explanation or vision. We just closed shop, as usual.
Please name me one business or football club who would do this after a walkout like that? Unless it's an email thanking fans or a stadium update, obviously.
139 Posted 14/06/2022 at 10:47:02
140 Posted 14/06/2022 at 11:02:14
141 Posted 14/06/2022 at 11:27:09
Steve Bannon described Thornton as a friend and mentor. These are bad people and we really don't want them or their very dirty money near our club. A lot of it is dripping with blood.
142 Posted 14/06/2022 at 11:30:22
One thing about Kenyon is that he's a very savvy football businessman, reminds me of a Daniel Levy-type chairman, and who can argue that he's done wonders at Spurs. He might be hated by other clubs and supporters, but he certainly wouldn't let the club be walked over when it comes to transfers, whether it's incomings or outgoings.
You don't work at two of the biggest clubs in the world without knowing your stuff. So to me having someone who knows his football, and a shrewd businessman means maybe we will no longer be screwed over when it comes to transfer dealings.
143 Posted 14/06/2022 at 11:32:56
144 Posted 14/06/2022 at 11:32:58
I'm not sure what Kenyon's role would be. I've read that he just advises on takeovers (rather than getting involved in the nitty gritty afterwards)?
145 Posted 14/06/2022 at 11:35:43
146 Posted 14/06/2022 at 11:36:03
Yes maybe that's true, but at the moment, nobody knows what his involvement will be. He was certainly involved with Chelsea and Man Utd, so right now it's all guesswork.
I'm just saying that personally I would be happy having someone with his experience involved in some capacity.
147 Posted 14/06/2022 at 12:14:12
Will our squad be weaker than the one that survived by the skin of its teeth? It could well be if there is too much uncertainty at the top.
It's par for the course, though, isn't it? We have been in tangle for years now.
I can't say I am a fan of consortiums, too many cooks and all that.
148 Posted 14/06/2022 at 12:27:24
You can check out any time you like, but you can never leave.
149 Posted 14/06/2022 at 12:40:58
Realistically, it's going to cost a buyer a billion to buy the club and finish the new stadium at Bramley-Moore Dock.
150 Posted 14/06/2022 at 13:01:03
If Mr Moshiri cares as much as he alluded to in his letter of apology, he will not sell to unscrupulous investors.
I don't want the club to become a house of cards, debt ridden investment vehicle. It needs to be sold to the right person or people, even if that involves a slightly reduced selling fee. The future stability of the club is at stake.
151 Posted 14/06/2022 at 13:03:18
He'll be on TV denying we lost the Premier League despite us finishing 10th.
152 Posted 14/06/2022 at 13:15:41
Football is now a money game and big money attracts grubby people and very dodgy deals etc.< Biggest shock for everyone will be that none of them give a rat's arse to what we think either way.
I just want Everton to win football matches and enjoy going to the game, will any of the above stop that?
If 'Yes", then I might have something more to say.
153 Posted 14/06/2022 at 13:32:42
Is that what we are actually seeing here?
154 Posted 14/06/2022 at 13:36:54
These owners couldn't give a shit about the club they're buying, so long it provides the economic or social benefit. But the 'sportswashing guys' are happy to make a loss and pick up the tab as they're not focused on making money.
The Kenyon consortium looks like the worst of the former type – want to make dosh but don't have much to start off with.
What worries me is that they may go down the Glazer route – enormous debt put onto the club while they enjoy the dividends. When they've had enough, they pull out and the club collapses.
People want professional people at the club - but their number one concern is themselves, not us.
155 Posted 14/06/2022 at 13:43:42
I wonder how many of them would endorse Biden now especially after the Afghanistan withdrawal?
Difficult to point to letters written by career motivated individuals as evidence of anything, I mean look at the security chiefs who signed the letter stating Hunter Bidens laptop was not genuine.
Personally I think they are all self serving nutters who don't care about any of us.
Who are we signing?
When are the fixtures out?
What does the new kit look like?
Now these are the things that really interest me.
156 Posted 14/06/2022 at 13:57:43
157 Posted 14/06/2022 at 14:33:28
The relief from winning the 'get out of jail' card has long-suffering fans with far more difficult matters to contend with. Uncle Bill is in a precarious position - his solution to his lack of funds - (he was only a millionaire) has back fired big time with the club in danger of having points deducted for the actions of an Iranian accountant and his belief that a Russian oligarch was the answer to all our prayers.
Everton FC, where Dixie Dean, the Golden Vision, Alan Ball, Tommy Jones, Southall, Kendall and a myriad of others entertained us is now UP FOR SALE.
Perhaps the actions of a certain Vladimir put paid to our Iranian/Russian relationship, but it will most certainly give us all room for speculation as to who will be the next owners of the People's Club.
Have a guess and/or perm any two from the following prospective buyers - Saudis, Chinese, Americanos, Qataris - sorry no Ruskies allowed. Those are matters that will keep us all involved until the new season starts and after we have sorted out whether our mighty club should sport gay rights, betting of cat kicking sponsorship on our shirts.
Wow there is a lot to consider and then someone has thrown a past US president into the equation - who knows with a bit of luck Boris Johnson may yet nationalise Everton FC and send our dead beat foreign players to Rwanda for some special training.
158 Posted 14/06/2022 at 14:46:23
https://en.wikipedia.org/wiki/John_L._Thornton
159 Posted 14/06/2022 at 15:04:42
Despite comments from some people that he is loosing money, as of today according to Forbes, his real time earnings are still $2.7 billion.
There may be at least 12 clubs ahead of him in rich owners, and he may be looking for investors to improve Evertons standing.
Its all speculation at the moment and it may be just to bring out richer consortiums as the Premier League seems to attract rich people.
As Everton is owned by the largest shareholder (Moshiri) with 92.16% of shares, he will be the one who decides who the new owners will be. Those who think Kenwright will make money from this, as he only holds 1.72% of shares, there will be no need for anyone to have to buy his remaining shares to become owners.
160 Posted 14/06/2022 at 15:26:24
The level of hypocrisy creeping into this fanbase is quite poor. If the other lot got into bed with people linked to white supremacists and massive human rights issues, the comments would be very different.
Trump is a crook who's made a career out of surrounding himself with other crooks. When you come across somebody this close to him, the alarm bells ring.
161 Posted 14/06/2022 at 15:36:36
162 Posted 14/06/2022 at 15:39:10
If his first name isn't "Sheikh", we're not interested.
163 Posted 14/06/2022 at 15:44:58
164 Posted 14/06/2022 at 15:51:51
That apart, Bannon is a wannabe Joseph Goebels trying to turn the USA into the third reich. His acolytes are not people I want associated with the club. There are different levels of scum. A gangster who whacks a few other gangsters in post Soviet Russia is one thing, Bannon types are on a whole other level in terms of potential evil and destruction. I wouldnt say worse that the Crown Prince but at his level which in my view is already the lowest level of scum there is
165 Posted 14/06/2022 at 15:52:18
166 Posted 14/06/2022 at 16:06:23
This isn't a sports-based consortium. This seems to be the type of predatory capitalist Americans that frankly give us a bad name.
I don't know why, but I'm just not a fan of this. Even if the money dudes just inject the dough, and let Kenyon control the footballing side, I think these dudes could just be ruthless capitalists, and not give two shits about Everton. They smell a profit, but not the way a good businessman with morals and a heart smells a profit.
We'll see. Hopefully there's another consortium behind this initial one, because I believe without his Russian "mate", Farhad is out the door quick-like!
167 Posted 14/06/2022 at 16:10:13
Those 200 Generals who signed that petition stating Biden was worthy and Trump was a loon?
Firstly, good on them!
Secondly, did they take a second poll of the 200 Generals and ask them their opinion on the Afghan withdrawal? 😜
Great work, that. [sarc]
"How we getting out?"
"Just load up the planes and make it quick!"
"What about all that equipment?"
"Fuck it. Leave it."
"What about that dude hanging from the wheel of the plane?"
168 Posted 14/06/2022 at 16:22:04
Either way I just cant see Moshiri getting it right because he hasnt got a clue about football, kept that horrible lying bastard Kenwright on as our chairman, brought in Rafa the red and Allardyce plus a load of shite players so I for one will be glad to see the back of him ( them ).
169 Posted 14/06/2022 at 16:26:52
170 Posted 14/06/2022 at 16:27:14
Kieran #164 "Name a consortium thats worked out well?"
The Mr and Mrs Stephens consortium work nicely - she says jump and, well, you know the rest. Happy to know my place.
171 Posted 14/06/2022 at 16:28:58
Due to ffp, Usmanov as long as he was not connected to Everton, could make funding through sponsorships etc, to generate extra income, which was a way of trying to get round ffp with more money available for the squad.
All that went through the window when Usmanov was sanctioned.
Since the sanctions, Moshiri has been nowhere near our club, I now fully expect Moshiri to sell up, if not now then certainly when the stadium is completed.
If new owners come in, which to be fair most of us have been wanting someone who knows how to run a football club to come in, and bring people on the board who are not second rate like the dross we have at the moment.
In that instance a clean out at the very top could be the best thing in a long time to happen to our club.
On the flip side, the people coming in like others have said could be in it just for the money, and running debts up through the banks, for all the fault of our owner and chairman, one thing they have done is kept the season tickets and younger supporters affordable, for the new owners to claw in revenue, I can see the average fan being hit hard on future ticket sales.
At the moment I am stuck in the middle.
172 Posted 14/06/2022 at 16:39:16
In the cutthroat world of billionaires I think with most of them ethics goes out the window. What I would like to see at Everton is a buyer who is ambitious in the football world and not just in it for more profit on their expenditure, and has a few more billion's than Moshiri.
173 Posted 14/06/2022 at 16:50:53
174 Posted 14/06/2022 at 16:53:35
I think we now have our answer. Moshiri is looking to recover every stupid penny he blew and a nice little profit, When he took us over, we had a great squad, with rich potential. He's leaving us a bit of a wreck (to put it mildly) but still wants his money back. Asking price £500m for a club he bought for what, eighty? Thanks Farhad.
175 Posted 14/06/2022 at 17:03:44
176 Posted 14/06/2022 at 17:06:30
Robert, IMO, because first and foremost they were/are friends.
Secondly, IMO, Moshiri fell for Billy Bullshit's bullshit.
177 Posted 14/06/2022 at 17:11:38
178 Posted 14/06/2022 at 17:13:51
179 Posted 14/06/2022 at 17:18:12
180 Posted 14/06/2022 at 17:20:03
181 Posted 14/06/2022 at 17:25:39
182 Posted 14/06/2022 at 17:27:54
183 Posted 14/06/2022 at 17:28:10
184 Posted 14/06/2022 at 17:33:56
185 Posted 14/06/2022 at 17:34:31
186 Posted 14/06/2022 at 17:37:08
Probably to our detriment in terms of financial standing, but the club has kept ticket prices affordable in comparison to other big clubs. And it has been visibly notable to me how young our match going fan base is.
Obviously there are many other factors as to why we have lost ground in revenue terms and on the pitch, but give the club credit there even though it's a double edged sword.
187 Posted 14/06/2022 at 17:37:57
Still catching up on some of the back and forth. Not to get weird about it but ToffeeWeb attracts a fascinating mix of supporters, no sarcasm.
It does look like Kenyon setting up to manage the football facade while the biz boyz do their vulture capitalist thing. Capitalism is a crazy ass vampire if you think about it.
188 Posted 14/06/2022 at 17:38:58
189 Posted 14/06/2022 at 17:40:57
190 Posted 14/06/2022 at 17:45:50
he was running for the door
he had to find the passage back to the place he was before
"Relax," said Mr Kenwright
I am programmed to deceive
You can check-out any time you like
But I will never leave!"
192 Posted 14/06/2022 at 17:54:56
Sheik NStevens would drive us crazy but Sheik NVack would be a good buyer and freshen up the club.
193 Posted 14/06/2022 at 17:55:21
195 Posted 14/06/2022 at 18:26:55
196 Posted 14/06/2022 at 18:31:13
197 Posted 14/06/2022 at 18:35:34
198 Posted 14/06/2022 at 18:36:17
Quote Wikipedia. Sir James Arthur Ratcliffe FIChemE (born 18 October 1952) is a British billionaire chemical engineer and businessman.[1] Ratcliffe is the chairman and chief executive officer (CEO) of the Ineos chemicals group, which he founded in 1998 and of which he still owns two-thirds, and which has been estimated to have a turnover of $15 billion in 2019. He does not have a high public profile, and has been described by The Sunday Times as "publicity shy".[2][3] As of May 2018, he was the richest person in the UK, with a net worth of £21.05 billion.[4] As of April 2020, Bloomberg Billionaires Index estimated his net worth at $28.2 billion, 55th richest in the world and second in the UK.[5] In September 2020, Ratcliffe officially changed his tax residence from Hampshire to Monaco, a move that it is estimated will save him £4 billion in tax.[6]
199 Posted 14/06/2022 at 18:38:18
How deeply Thornton was involved in these shady Trump/China deals is a matter of speculation, but he was Trump's lead trade negotiator with China.
200 Posted 14/06/2022 at 18:54:20
On the other hand, as the old joke goes – the fastest way to become a millionaire is to be a billionaire that buys a football club.
201 Posted 14/06/2022 at 19:09:27
202 Posted 14/06/2022 at 19:11:11
Sold by a fool to knaves. If it's not these knaves there'll be others along shortly.
I think this is maybe just as well. I've had enough of holding my nose.
203 Posted 14/06/2022 at 19:13:02
204 Posted 14/06/2022 at 19:56:23
At the time Moshiri was buying shares in Everton, Earl had 24%, Kenwright 26% and Woods 19%.
Moshiri bought his shares from Earl, Woods and all but 5% of Kenwright's. He then went on to buy from Arthur Abercrombie and the bulk of Lord Granchester's.
Also, it is listed that at a shareholders meeting in 2020, 100,000 new shares were raised and, in February 2021, 66,667was issued to him. He now has 92.16% of shares through his company. Blue Heaven Holding Limited.
205 Posted 14/06/2022 at 20:00:38
I would really like to see who these other parties are.
It appears Kenyon's mob appear to be individually skint in modern takeover terms and more likely to do a "Bill" and saddle the Club with debt in an attempt to improve.
206 Posted 14/06/2022 at 20:04:19
207 Posted 14/06/2022 at 20:06:09
208 Posted 14/06/2022 at 20:08:58
Hicks and Gilette, Randy Lerner, Moshiri et al revisited – what a hapless enterprise this club is.
209 Posted 14/06/2022 at 20:30:39
The former CEO (who I used to like) was very candid when asked if the club was for sale – "Yes," was his answer, "but only if any new owner let Bill Kenwright remain in charge."
It bemused me as I used to think "What idiot would buy a business to let the previous (unsuccessful) guy retain control?" Well we found our idiot in Farhad Moshiri.
Fast forward years later with rumours Kenwright turned down Sheikh Mansour and every interview I heard or read from Mr Moshiri smacked of a man out of his depth and his ramblings on TalkSport were legendary and cringeworthy.
You don't become a billionaire without being a bright individual but he has trusted the likes of Joorabchian and Kenwright when he needed a strong team around him and should have left football matters to the experts.
We run this club like a charity – not a professional organisation. We have a CEO more focused on our outreach programme in the community, and we have a chairman who sees himself as a Patron Saint of Lost Causes by employing down and out ex-players and a board working without a strategy, planning, focus or direction.
I'm not getting involved in the politics here but Peter Kenyon has a track record in running a successful football club. It needs a root and branch review and clear-out. We need a strong commercial and marketing team, a powerhouse medical team, an excellent scouting network and footballing experts.
If not Peter Kenyon, then somebody else or another of the three consortiums as, quite frankly, they can't be worse than the way this great club has been run for the past 30 years!
I long to see the day Kenwright walks away for reasons we have exhausted on this site (although I doubt that is how it plays out where he actually walks away), so I welcome the opportunity for new owners providing it doesn't saddle us with debt and we can compete on the football pitch in a new stadium!!
211 Posted 14/06/2022 at 20:34:16
212 Posted 14/06/2022 at 20:37:03
Nobody and I mean...nobody... makes billions in this world by being honest and upstanding. Kenyon is a slimeball of the highest order of that there is no doubt.
I know nothing of the Americans, but you can bet your bottom dollar they aren't in it for the love of the game or the club for that matter.
These type of people have got what they've got by looking after their own interests and trampling on all and anyone who get in their way. They align with anyone who can make them more money and more powerful, they change their overcoats to suit their allegiances.
To quote Joe Strummer... "Taking off his turban they say is this man a jew, working for the clampdown."
I'm pissed and rambling on, stormy waters ahead again for fuck's sake.
213 Posted 14/06/2022 at 21:02:41
We have lost 4 or 5 players already.
If we don't get anyone in then we are certain for relegation.
216 Posted 14/06/2022 at 22:49:05
I believe he has not had an official govt role, more likely used for his extensive contacts providing a back channel for negotiations etc between the 2 countries.
By the way, this includes a 6-week visit to China during the Biden administration.
I stick with what I said earlier, that they are all self-serving nutters. There ain't no really clean big money out there.
Who are we signing? COYB
217 Posted 14/06/2022 at 22:57:43
His main achievement at Manchester United was to persuade Alex Ferguson to change his mind on retirement; hardly something which required great insight or grasp. At Chelsea he had the benefit of Abramovichs limitless funding and a hire and fire approach to managers.
218 Posted 14/06/2022 at 23:04:41
Typical kick in the nuts, and more stormy waters ahead, perhaps but who knows.
If there's any credibility in this proposal based on what's in the media this doesn't strike myself as having any genuine concern for EFC, but more of a front to cover up existing enterprises, associated with the consortium.
But is it a consortium of a front to attract further interest?
For me Id stick with the Devil, we know and get BMD, built..
As ever interesting times within the Everton board room.
219 Posted 14/06/2022 at 23:08:57
So a chap no-one has heard of, with no visible source of dosh… what's not to like?
220 Posted 14/06/2022 at 23:09:49
221 Posted 14/06/2022 at 23:20:25
I feel dirty just reading these rumours.
Im going to bask in the relative purity of my national sport for the next month.
222 Posted 14/06/2022 at 23:29:20
223 Posted 14/06/2022 at 23:41:48
224 Posted 15/06/2022 at 00:09:56
225 Posted 15/06/2022 at 00:17:30
Do a bit more reading, Kevin. He is an investment banker.
226 Posted 15/06/2022 at 00:22:04
I don't mean nobody 'on here' has ever heard of him. I mean if you Google him, it's pretty much a blank. Not the same as Moshiri, Google him 5 years ago, he had a significant backstory.
Ed, well why don't you tell us a little about his investment banking career. I'm all ears.
227 Posted 15/06/2022 at 00:33:51
Honestly, the difficult part is to get the stadium plan approved. Now it's just find the right finance structure to follow it through and keep us in the PL. After the stadium is finished, a hefty profit already if the consortium decides to then sell.
I'd be surprised if there's only one interested party to buy Everton.
228 Posted 15/06/2022 at 00:35:04
I don't like the guys politics but at the end of the day, every billionaire is ruthless and makes dirty money. Usmanov is apparently Putin's favourite oligarch. So I will judge any new owners on what they do for Everton Football Club.
229 Posted 15/06/2022 at 00:36:11
As much as I believe that Moshiri is clueless, it is also hard to believe that all he really had to do was get rid of Kenwright and appoint a professional board to look after the club. Even now if he made that decision it would give us all a lift.
230 Posted 15/06/2022 at 01:04:12
Who Is Maciek Kaminski? US Consortium Wiki And Everton Takeover Bid
231 Posted 15/06/2022 at 01:48:39
However, both Kaminsky and his company are as close to ciphers as you can get in the modern world. There is no news posted, virtually no online information. The company's website is ONE page. It reads:
Talon is an integrated real estate firm specializing in office, industrial & retail properties. There are tremendous value opportunities in real estate today. Our focus is in markets of the central United States that have strong economies and fundamentals but are overlooked by many buyers. Talon seeks to acquire properties that meet our cash flow or total return objectives in these markets. Our board and management team bring years of valuable knowledge and experience in the real estate field and investment industry to navigate the financing, strategic planning, investing and risk management critical for emerging growth public companies. The CEO brings 26 years of real estate experience, including capital raising, acquisitions, dispositions, brokerage and management.
That's it. Their entire website. The company's Bloomberg listing is even shorter.
232 Posted 15/06/2022 at 02:28:31
What Is Asset Management? Asset management is the practice of increasing total wealth over time by acquiring, maintaining, and trading investments that have the potential to grow in value.
Asset management professionals perform this service for others. They may also be called portfolio managers or financial advisors. Many work independently while others work for an investment bank or other financial institution.
Mike – no mention of real estate.
233 Posted 15/06/2022 at 03:03:49
Thornton was not Trump's lead negotiator with China. It was Robert Lighthizer who headed up the USTR at the time. Thornton was heading up Barrick Gold Corp at the time (previously president with Goldman Sachs) and acted more as a go-between.
I had the pleasure of meeting Lighthizer while I was negotiating NAFTA 2.0 (Intellectual Property Chapter) for Canada at the USTR in Washington.
234 Posted 15/06/2022 at 07:19:45
I'd really rather wait and see what actually happens. Whatever it is, l hope it's for the good, unlikely as that is, in this corrupt, money-is-all business.
Why Everton struggle is because, honesty and fair play and morality that this club tries to uphold, haven't existed in this competition for a long time.
235 Posted 15/06/2022 at 07:23:07
236 Posted 15/06/2022 at 07:35:01
Profit, profit, profit, sell, sell, sell. The beginning of the end.
Our new stadium will not be Everton's for long.
237 Posted 15/06/2022 at 07:54:37
I'll believe this when I see it headlining Fox News. Oh wait...
238 Posted 15/06/2022 at 08:15:56
However. with the likes of Leeds already strengthening their squad, I'd have hoped we could have at least sorted central midfield stuff out before this got this far along… or that whilst it's going on, we hurry up and do so anyway.
The biggest danger in all of this right now is inactivity in those positions. Gbamin, Onyango and Warrington may well step in, but that would be a monster risk. We need what we've needed for years, another Barry and another McCarthy, or at least another Gueye.
239 Posted 15/06/2022 at 08:20:29
I couldn't agree more Gary, it's a bit worrying as I would think any transfer business would not be happening whilst this is going on. But we are desperate for players and time is getting on.
240 Posted 15/06/2022 at 08:44:20
This will shake this club to the foundations. Let the good times roll (and the heads)!
241 Posted 15/06/2022 at 08:59:23
This obviously precludes any other interested parties being allowed to see what this consortium now have access to and without that information, it is very difficult for any new bidders to see exactly what the financial status of the club is.
I wonder how this will impact Lampard in the transfer market? Will he still be allowed to pursue his targets or will that have to be put on hold till the negotiations are complete? Quite often with potential new owners comes them wanting to make changes, so would Lampard be a casualty if that happens?
Usually new owners like to spend money on players and change the manager, but in our case, because of FFP, the spending will have to be somewhat curtailed. Although maybe the new owners will use the FFP as the reason they can't spend money and have to sell some prized assets.
242 Posted 15/06/2022 at 09:07:46
I read that link yesterday, as I didn't have a scooby doo about Kaminski, and he's only worth about $1Bn, which is roughly about £800M. When I say 'only', I mean it's nothing when in terms of buying a football club, as I'm sure none of us would turn our noses up at $1Bn.
There simply has to be something else behind all this or, as Gavin # 228 says, is it the company and not the individual who's buying?
243 Posted 15/06/2022 at 09:18:24
It should also be subject to a non-disclosure agreement, although in the world of football I'm not sure they're worth the paper they're written on, as nobody seems to be able to keep their fat gob shut.
244 Posted 15/06/2022 at 09:32:55
An exclusivity period is a length of time (usually 30 to 60 days) during which a seller is prohibited from carrying out or furthering activities that relate to the sale of a firm with parties other than the prospective buyer with whom they have signed a letter of intent.
245 Posted 15/06/2022 at 09:58:22
The last thing any new owner wants is us starting the season with only Gbamin, Gomes and Davies in midfield.
246 Posted 15/06/2022 at 09:58:39
Kenwright hunted high and low to find Moshiri, it will be his legacy!
247 Posted 15/06/2022 at 10:26:51
248 Posted 15/06/2022 at 10:41:37
Despite Moshiri making an utter pigs ear of his tenure, I kind of feel sorry for him, like, he may be an idiot but he is our idiot. I'm sure I'll get over it when he's gone and hopefully the new ground will stay on track.
249 Posted 15/06/2022 at 10:42:10
250 Posted 15/06/2022 at 10:45:41
The godawful bunch already here need to go before the next ones come in, who I'm sure at least will be competent.
251 Posted 15/06/2022 at 10:51:31
252 Posted 15/06/2022 at 11:20:45
253 Posted 15/06/2022 at 11:31:08
254 Posted 15/06/2022 at 11:35:23
We cannot realistically improve that much with any of them in team.
255 Posted 15/06/2022 at 11:37:40
That alone is totally beyond the dynamic CEO we have at the moment who's remit is to have a vision and world wide contacts.
That's a terrifying and totally alien statement down at L4 so I say bring it on. I don't care if it's Pol Pots nephew.
256 Posted 15/06/2022 at 11:49:46
Only Everton could yearn for a billionaire for years and then get a truly incompetent one when it comes to running a football club.
New owners or not, if we can get the new stadium at Bramley-Moore Dock built and build a team around young players who want to play for us, then I'm optimistic (again). Let's not aim for the likes of Harry Winks and repeat the same mistakes all over again.
Last season needs to be a massive wake-up call.
257 Posted 15/06/2022 at 11:58:38
At the very least, it would give 'The Mousetrap' a run for its money as the longest running farce in history.
258 Posted 15/06/2022 at 12:01:27
259 Posted 15/06/2022 at 12:35:23
260 Posted 15/06/2022 at 12:47:11
261 Posted 15/06/2022 at 13:10:06
We have no-one in our media corner or very little. We list that right when we made a call to just make up the numbers especially the Sky era, to this day, sadly.
Let's hope new owners and new stadium may see the blue tide rise again eh.
262 Posted 15/06/2022 at 13:25:02
On Bills instagram is a plug for his play, Dreamboats and Petticoats, bringing on back the “good times”.
Yes you guessed it – I left a comment of mine on it.… ha ha.
264 Posted 15/06/2022 at 13:30:41
To simply demonstrate to the new prospective owners that we don't want Kenwright kept on in any sort of Chairman, Executive or Board capacity.
265 Posted 15/06/2022 at 13:31:40
266 Posted 15/06/2022 at 13:42:44
267 Posted 15/06/2022 at 13:43:36
268 Posted 15/06/2022 at 13:48:40
269 Posted 15/06/2022 at 14:12:34
270 Posted 15/06/2022 at 14:27:15
Me as a blue, I'd just like to see those mostly under 30 who were awesome getting us over the line as fans last season. They deserve a new Everton, my lads included. I have seen and witnessed us as kings, like most on here.
Go get 'em, Mr Kenyon (or whoever)>
272 Posted 15/06/2022 at 14:49:04
Highest respects for your background and your association with Mr. Lighthizer, but as you say, he was representing the United States. Thornton was not. He had no official government capacity on Lighthizer's team.
He was there, as I said, representing Trump's interests. He arranged business meetings for Bannon with top Chinese officials shortly after Bannon lost his job at the White House.
273 Posted 15/06/2022 at 16:02:32
Haha good one
274 Posted 15/06/2022 at 16:07:27
275 Posted 15/06/2022 at 16:10:16
276 Posted 15/06/2022 at 16:27:35
Don't worry, though, if they've buckets full of money, the FA won't allow it cos it's Everton – they don't want us having a second go at it.
277 Posted 15/06/2022 at 16:41:24
278 Posted 15/06/2022 at 16:56:17
For sure, Mike, Thornton was involved as he had those connections with China that you noted.
279 Posted 15/06/2022 at 17:13:13
280 Posted 15/06/2022 at 17:28:50
And surely Moshiri is not going to take the first offer that made an approach.
281 Posted 15/06/2022 at 17:31:52
New stadium, massive dedicated fanbase... if I had the money, I would buy it! 😜
282 Posted 15/06/2022 at 17:33:18
Apparently there are some of Moshiri's advisors suggesting he should hang tight as he could double the £500m once the stadium is completed.
Personally, although initially engaging in talks to secure stadium funding, I think he's had his head turned when mention of a buyout was tabled during those talks.
Also the suggestion that, even if he sells, he may retain a 10% stake although significant board changes are likely.
That Saudi rumour is also gaining traction.
283 Posted 15/06/2022 at 17:35:15
284 Posted 15/06/2022 at 17:46:58
Our business dealings seem more Cantina in nature from Star Wars, than top-end business...
Allardyce, Benitez, Silva, poor signings. His involvement over the last 6 years is the go-to guide of how not to run a Premier League club.
285 Posted 15/06/2022 at 17:49:57
289 Posted 15/06/2022 at 18:05:45
291 Posted 15/06/2022 at 18:21:32
I will tune in to watch it on ITV+1, I will watch out for you, give me a clue what you are wearing, in case they do not put your name up.
Try to narrow it down by not saying "I am wearing an Everton top"! :-)
292 Posted 15/06/2022 at 18:25:00
No doubt Mike Ashley will pop up next and rename the stadium to the Bramley-Moore Sports Direct Superbowl...
293 Posted 15/06/2022 at 18:39:13
294 Posted 15/06/2022 at 18:48:49
'New stadium, massive dedicated fanbase – if I had the money, I would buy it'
And don't forget the Stake sponsorship deal... how much? Eh.
295 Posted 15/06/2022 at 18:56:25
Had I known how much of a Tory you are, Mister ONeill… well!
296 Posted 15/06/2022 at 19:04:41
I think they're pretending there are foxes so they can blame hunting instinct on running away from me.
Can we just have the fixture list so we can start planning?
On a serious note, having secured survival, I'd agree with John @281. Everton are a very good investment with massive potential at the moment.
If you buy Everton and run it properly, both on the football and business side, your room for growth and potential return of investment is arguably more than say Chelsea. They are already pretty much there and subsequently come at a higher premium with less room to improve on where they are now.
297 Posted 15/06/2022 at 19:13:23
Richarlison, Calvert-Lewin and Pickford must stay, but we must also get the takeover done quickly in order to be in the market for our targets, also moving on some dross.
298 Posted 15/06/2022 at 19:20:34
I come on here 99% to talk Everton and football.
My political persuasion is not relevant or known to you so I don't know where that came from.
Disappointed in that comment to be honest.
Doesn't stop me agreeing with you. As I just have.
But as I say, irrelevant and not known to you. I could vote Liberal, Labour or Green. You simply don't know.
299 Posted 15/06/2022 at 19:26:06
300 Posted 15/06/2022 at 19:28:38
The depth of naivety from some (many) posters in rushing to welcome the unknown that this consortium represents is truly and disturbingly worrying and embarrassing.
None of us (myself included) know for sure how much money these people have behind them. However, if the consensus of those who believe that they have very little (and certainly not enough to buy the Club, let alone finance player acquisitions out of their own funds) are correct, then these people are just not right for us. In fact, they shouldn't even have a seat at the negotiating table. That also goes for any other groups without the necessary to invest.
Whilst we all agree that massive mistakes have been made over the last 6 or so years, one of them wasn't not to saddle the club with debt. We must at least acknowledge that Moshiri has had the decency to spend his own money (introduced via equity) and not any that the club has borrowed. Whilst this hasn't even remotely produced the outcome any of us wanted (Moshiri included, no doubt) at least the club is financially stable. If we think the club is a mess now, can you imagine the hopeless position we'd be in if debt had been piled on?
And to think that people want the club sold to people with no money who will merely leverage the buy-in funds and further infrastructure and player investment against the club!!!!! Total madness. If unsuccessful (and I can't see how the club would suddenly become sufficiently profitable to service such debt), Administration would surely follow.
Whilst regrettably we as fans will have no input into this process, people need to have a stern word with themselves. We must be and be seen to be vocally against anything that isn't a fully funded buy-in that also provides non-leveraged funds for infrastructure and player investment.
301 Posted 15/06/2022 at 19:47:26
302 Posted 15/06/2022 at 19:47:38
No, I can't be absolutely certain.
303 Posted 15/06/2022 at 19:47:57
305 Posted 15/06/2022 at 19:57:50
Wasn't the Man Utd sale a leveraged buyout by the yanks? Who have creamed off profits for themselves while the debt they have occurred is on the club's shoulders?
Or do I misunderstand the Man Utd situation?
306 Posted 15/06/2022 at 20:13:26
307 Posted 15/06/2022 at 20:16:25
The Fenway Sports Group certainly has some wealthy shareholders but it is the wealth of the company that has brought stability to the teams that they own. Who is to say that Kenyon does not have a similar plan for us?
308 Posted 15/06/2022 at 20:26:21
The Man Utd acquisition has been reported as having been leveraged. So much so that even after (how many years?) they are still saddled with debt.
The difference between us and them is that they were hugely successful and profitable before the acquisition whereas we are the complete opposite.
They have twice the match-paying fan base with a multiple more of expensive corporate facilities. In short, they continue to be profitable to service their continuing debt.
To start such a project at this time would be folly of the highest order (imho).
309 Posted 15/06/2022 at 20:28:52
310 Posted 15/06/2022 at 20:29:42
There's going to be a range of emotions this summer that we're all going to go through. It's Everton. It's the variety of views and opinions that causes agreement, debate and locking of horns.
But ultimately, we all want the same thing. So keep them coming, and keep shouting. It's what makes this site what it is. It was that passion that got us through last season and we're going to need it again next season.
All the best, mate.
311 Posted 15/06/2022 at 20:32:40
312 Posted 15/06/2022 at 20:35:11
Even with leveraged buyouts there are examples of it working out. Admittedly, they saddle a business with debt (like a mortgage) to be repaid over a given period. However, a good management team will develop the business and service the debt at the same time. The key, really, whatever financial model you follow, is a good management team.
We have a poor club management team in Moshiri and Kenwright. That has got us going backwards with the threat of relegation in three of the Moshiri years. They managed to stuff things up without a leveraged buyout. We might be better with a leveraged position but without Kenwright and Moshiri.
But what about Man Utd? I'd argue it's lack of strategy, lack of identity following a long-term manager, terrible aimless recruitment, poor managerial decisions and complacency that has been the problem (sound familiar?) – rather than the financial model. And even then, they're not short of commercial revenue. That side of things makes them very capable of competing.
That does not mean a leveraged buyout will work out for us. I'm just saying for balance that these things have been used to successfully turn around ailing businesses – and the key in each case is the quality of the incoming management team.
313 Posted 15/06/2022 at 20:53:10
314 Posted 15/06/2022 at 20:55:38
As long as they can convince a lender to commit, they stand to be quids in with very little risk. The model is the one followed by Bill Kenwright. Appoint well, hang in there, and collect after a few years. Job done.
And if the worst happens, the club drops like a stone, the company goes into administration, and back to Minnesota we go… older, wiser and no poorer.
I hope everyone realises how unlikely the new stadium at Bramley-Moore Dock is to go ahead. The idea that Moshiri is going to walk away if they don't commit to build is fanciful. As soon as they get to the number in his head, he will be gone. And a leveraged buyout ain't gonna get the new stadium built. They will already be loaded up with debit, there just won't be the room.
I think as a fanbase we need to start communicating formally with our chairman, in a way he can't ignore. Perhaps with a letter to the Echo, addressed to him? We need an undertaking from him that he won't support a Burnley situation.
315 Posted 15/06/2022 at 21:07:44
316 Posted 15/06/2022 at 21:11:21
There's no point in communicating with our chairman. If this deal goes ahead he will be booted out.
Besides, I don't think he really gives a shit about Everton, it's all about himself.
319 Posted 15/06/2022 at 21:22:41
The stadium will get built, simple as that.
320 Posted 15/06/2022 at 21:23:12
I also agree with Ed @307, and would love for us to have real hungry, genuinely professional people, spending real time and effort, trying to get Everton back to where I feel they truly belong.
Other than spending money, Moshiri simply hasn't had the inclination to put in this required time.
321 Posted 15/06/2022 at 21:23:42
That's exactly how I've been feeling and all those on here saying good riddance to our owner and get rid of Bill and Babs, be very careful what you wish for.
322 Posted 15/06/2022 at 21:31:21
This tells me everything about the Kenwright era, and makes me feel sick to the stomach just thinking about it.
323 Posted 15/06/2022 at 21:34:52
We have been in decline for 25 years under Kenwright and the decline has accelerated since Moshiri took over.
324 Posted 15/06/2022 at 21:50:53
Understand how you feel.
I think Stephen's post #300 is the closest to reality on this thread.
I could see a situation where Kenwright and Moshiri are still shareholder and with new shareholders providing funds through access to finance. It could be Moshiri source of funds has been cut off , ie. Usmanov Sanctions. So alternative sources funds are being sourced, with equity interest as part of the deal.
325 Posted 15/06/2022 at 21:53:04
Basically, whoever takes over is very unlikely to splash any cash on transfers.
That would be futile because 7 clubs can comfortably outspend us (6 of which have far superior squads already) - maybe 8 because Villa have also started spending.
What I would expect this management team to be fixated with is cost & value. That is how to service debt and develop at the same time.
In the short term it probably means selling at least one of Calvert-Lewin or Richarlison and reinvesting about 2/3rds maximum of the proceeds. That was always likely anyway, regardless of the sale.
From a transfer perspective, it would be a return to the Moyes years in many respects but, I'd hope, better use of loans (like Martinez) and low-cost foreign markets (which we persistently ignore).
This refocus on cost and value are not necessarily a bad thing for us in stabilising / improving the playing staff and bringing in the right sort of profile player to help us develop over time – maintaining top-flight status while the stadium is built (which must be a key part of this), pushing into the top half, competing for cups and Europa League qualification.
This is not very NSNO but it's a lot better than we have now.
326 Posted 15/06/2022 at 21:54:39
327 Posted 15/06/2022 at 21:58:30
328 Posted 15/06/2022 at 22:03:59
Correction: the decline is on the pitch; off the pitch, he has put his money where his mouth is and done very very well, more than any other Chairman or Owner has done in that regard.
Unfortunately, our Chairman and CEO have failed the owner misserably, unless of course he is meddling in the background.
329 Posted 15/06/2022 at 22:11:05
My daughter's partner has supported Crewe Alexander all his life with nothing to show for it and he accepts that his club will have ups and downs and doesn't moan too much about the reality. Maybe us Evertonian need a reality check and perhaps more patience.
Do I want more expertise in our boardroom? Of course.
Do people make mistakes at the top? Of course.
Can you honestly say our new owners who pay £500M for the club will pay another £400M and finish the new stadium at Bramley-Moore Dock?
Can you also expect them to love the club and feel the pain like we do?
How would you feel if they take a loan out to buy us and have to service that debt every year so there is even less money to spend?
As you say our club may have won nowt for 27 years but there is no guarantees. So I say again, be careful what you wish for.
330 Posted 15/06/2022 at 22:13:25
However, from what I have read to date about Kenyon and his backers, it could be even more tough times ahead if Moshiri sells up to these guys – I don't think it will happen.
I have always said Moshiri was in it for the money, but it could be that he has totally fucked it up for himself and the club will be at the mercy of packs of wolves, interested in only one thing – Money!
331 Posted 15/06/2022 at 22:13:59
Tosun from Turkey
Vlasic from Croatia
Nkounkou from France
Mykolenko from Ukraine
Besic from Hungary
Mirallas from Greece
Gbamin from Germany
Klaassen from Holland
I think there are loads more. Are these markets not foreign enough? Or are most of them just crap?? Or just the ones we seem to pick???
332 Posted 15/06/2022 at 22:51:04
Look at the current squad and where we've been really spending money. 9 players with big fees / wages acquired from the Premier League - with Gomes and Mina from Spain, Allan from Italy and Gbamin from Germany. It's been neither imaginative nor cost effective.
This year's best of the rest, West Ham, by contrast have just one such signing in their squad - Kurt Zouma. Maybe two if you count Issa Diop.
I would say that indicates we've been fruitlessly shopping in M&S and persistently overlooking the low cost / value offered by Aldi (with a few exceptions).
333 Posted 15/06/2022 at 23:18:23
He has, after all, made a fortune from ripping off Moshiri and he does have a history of getting his way by means of deceit.
334 Posted 15/06/2022 at 23:22:17
It's ridiculous to suggest that Kenwright and our recent CEOs, Barrett-Baxendale and Elstone have failed the club, while giving the majority shareholder a free pass. Moshiri is every bit as culpable, if not moreso, for our failings. It is he who holds the power to reappoint those positions and therefore the buck stops with him. Any mistake Kenwright or Barrett-Baxendale makes is equally the fault of Moshiri.
335 Posted 15/06/2022 at 23:34:04
336 Posted 15/06/2022 at 23:56:41
I suppose that the risk from a leveraged buyout depends upon how the loans are structured. If they are long-term, like corporate bonds, then the risk is not great.
It appears that clubs like Wigan, Bolton, Derby, Bury, and possibly now Burnley, are in trouble because the debt was short-term, the creditor got cold feet and called in the loan which resulted in bankruptcy.
Moshiri has done the right thing up to now by issuing stock to himself rather than loans which I think means that he cannot cut and run but that might change with stadium financing. Borrowing for the stadium against expected income and getting relegated is not a nice scenario.
337 Posted 15/06/2022 at 00:00:14
One possibility is that it ends with Everton not owning it but occupying under a long-term or permanent lease... and forced to do so by use of safety and other regulations being brought to bear on any idea of staying at Goodison, if this should rear its head as an option in the myriad permutations ahead. Nothing is off the table now, I fear.
Buckle up for the inevitable wild ride.
338 Posted 16/06/2022 at 00:12:59
Pete 333 - True Blue Holdings 2.0 is definitely scary. I wouldn't put it past the bastard,
339 Posted 16/06/2022 at 00:27:34
“The club has announced today the conversion of a £100 million loan to the club into equity which is a clear demonstration of my commitment and greatly strengthens the balance sheet."
So the club owes zero debt to Moshiri.
340 Posted 16/06/2022 at 00:39:28
What leads you to believe that the stadium won't be completed for £500 million? Or it won't be owned by the club?
Do you think it'll now be done on the cheap? Is there evidence to suggest that?
The design has been agreed and I think the cost locked in with Laing O'Rourke, hasn't it?
341 Posted 16/06/2022 at 00:40:37
Kenwright turns 77 this summer and has apparently retired (hasn't produced anything in 4 years). He has reportedly experienced poor health and, as we all know, has no great wealth of his own.
I would be absolutely astonished if he's one of Moshiri's suitors.
342 Posted 16/06/2022 at 00:52:27
He's been saying that he's ill for years but he's still there and with that – why didn't he just retire then, just to give us all some hope?
I went to see Bob Dylan a few years ago in Perth. He was about 74 I think (although actually looked about 174) but he was still singing (if you call it 'singing' ). He actually clung to the big speaker all through his show which I assume was helping him stay on his feet.
I could never compare these two because Dylan is a legend and I love him but Bill clings to Everton like Dylan did to that speaker.
343 Posted 16/06/2022 at 01:09:53
Past history means I'll be surprised if it comes in at £500M (which was optimistic to begin with, I believe). "Locked in" it may be (and I haven't studied the details of that), but if it came to the threat of not being finished, then more would be needed, and it would have to be found by someone.
Ownership of the stadium by other parties is a possibility down the road, it depends how any potential takeover proceeds and develops. Unlikely should big bucks and stability be available (and useable), but I don't know that's the case with this consortium. I'm just speculating really.
Mike – I know you're talking relatively but I wouldn't mind being at the same no great wealth level as Kenwright.
344 Posted 16/06/2022 at 02:36:36
I got distracted, but that really winds me up.
Everyone on here and everyone who knows me also knows how much I love Goodison. But the fact there is suddenly so much interest in us now that building has started tells me how much of a millstone the Grand Old Lady and the board has been around our neck for decades and held us back.
Now the opportunities are there. Or the vultures are circling. Take your pick. Personally, I just want the season to start.
And we have a pre-season in Baltimore prior to that.
345 Posted 16/06/2022 at 03:12:52
Bill Kenwright has not retired as a theatre producer, and as far as I understand (my girlfriend is an actor's agent) he and his company have various projects in development and in production right now.
And what makes you think he hadn't produced anything in 4 years? He produced pretty successful runs of Hamlet and The Cherry Orchard – both starring Sir Ian McKellen – this time last year (and which got a lot of media attention) as well as various other touring shows since then.
I'm genuinely curious what led you to post such ill-informed “facts”?
346 Posted 16/06/2022 at 03:41:38
He's the football equivalent of the arch bastard Prime Minister we now have to endure – full of shit, lies and evasion as our club, like our country, plumbs new depths of despair.
Trebles all round in the West fucking End? … Fuck Rright Off!!
347 Posted 16/06/2022 at 03:44:13
We have on one hand a board that borders on incompetent and an owner with more money than sense. It was always going to be a financial disaster for him.
Then a "strategic review" to put right the ills – caused by the very same people undertaking the review – beyond a joke.
Moshiri carries the can, his money, but the board are culpable. They carry the blame; Moshiri was taken for a ride.
Fast-forward… I still believe Moshiri is looking at the same model Kenwright adopted, not "selling" the club, but looking for inward investment. So selling equity, a portion of shares.
For any new buyer, they need to have 75% of shares for full control of the club to change constitutions and like, which means Moshiri would still have a stake of 20% in the pot or thereabouts.
So why is this lot interested? Money… property and investment. Money makes money. The iconic piece of real estate, once built, will vastly increase the value of the club; how much? Probably at least double or more… speculation?
These guys want to buy low, sell high. No interest in the club other than financial profit, it would appear, no experience other than real estate, asset management and investment. Unless you count in the front guy Kenyon… but that's not running a club.
No, I would have been happy with the board replaced, inward investment for Moshiri… but these guys have a short-term, asset-stripping feel… no love for sports, Everton, the club etc – just money.
If we are up for sale, Moshiri really needs to play this out for genuine interested parties rather than a fire sale to recover losses.
Make no mistake, though, the reason we are in this mess has never changed, and until the board and Chairman is replaced, we are at the mercy of opportunists of Kenyon-esque consortiums.
One last point, I am fed up to the back teeth of listening to fans saying "be careful what you wish for.. " – We have to move on; hindsight will always finds issue and fault, but we need to get out from under the bus driven by this board and find a way forward, looking forward rather than back.
Standing still is not an option anymore. Opportunities need to be balanced against risk but fear of failure causes inertia and bigger failures down the road.
348 Posted 16/06/2022 at 05:49:59
Yes, I feel this is swapping well-meaning idiots for sharks. Hopefully it will flush out some bigger rich idiots who have enough self-awareness of their ineptitude to appoint a David Dein type.
As far as Kenyon (sounds a lot like Kenwright) is concerned, he's just the frontman as he was with Wolves so there's no guarantee he will stick around to give us the benefit of his “expertise”.
Aside from all that, with interest rates skyrocketing, why was it we turned down the bond scheme from the jailed ex-mayor? Looks silly now if you overlook his plight and the investigation into the bidding process.
From my own industry, when that deal was floated, you could get a US mortgage at 2% APR. Now the average is close to 6% and expected to rise tomorrow. That bond deal seems an opportunity lost.
349 Posted 16/06/2022 at 06:17:01
"He shall not, he shall not be moved..."
350 Posted 16/06/2022 at 06:38:07
Pete #342, whether he is ready to retire from Everton (and why would he want to, since he obviously loves his job) has nothing to do with whether he has the energy, connections and wherewithal to assemble a £500 million buyout bid.
Will #343, me neither, but he's not quite as well off as, say, Qatar or Saudi Arabia.
351 Posted 16/06/2022 at 06:51:55
Alas he has discovered a formula right under his nose, the Kenwright model. Get parties with access to finance, maintain a minority shareholding (reportedly 10%), sell your original discounted shares and converted loan stock financed with questionable fund sources at a huge profit, through a shareholders agreement, maintain Board representation (the second-highest paid, not performance-based, in the Premier League) and then piss about looking for DNA to run the Club.
It all has happened before. Only at Everton. By the way, there is no mention of Bill selling his shares, and he does have this thing with Man Utd that nearly got us Marcus Rojo twice.
This saga has been going on that long, it's like being in a treadmill that one can't get off.
352 Posted 16/06/2022 at 07:15:42
353 Posted 16/06/2022 at 07:26:47
354 Posted 16/06/2022 at 07:36:49
I wonder if it was the amazing coming together of our fans that has excited interest from parties that have now realised or remembered that we have potential, passion and determination?
I am as cynical as the next man but perhaps our great escape has given us a better future.
355 Posted 16/06/2022 at 08:11:20
Well said, I feel exactly the same. The sooner that reptile has cleared his desk, the better. He's a jonah, a leech, and a pariah. Oh and also an embarrassment.
The other part of me says though that self-titled greatest Evertonian isn't going anywhere soon. Great blue, yeah sure, never paid to get in a game in his life. Unlike us poor suffering fools.
356 Posted 16/06/2022 at 08:29:04
Never paid to get in a game in his life.
How can you possibly know that to be true?
357 Posted 16/06/2022 at 08:45:11
If its not misinformation on this site it is miscomprehension.
My post was just an attempt to add a bit of fact to some misguided fancy, and yet apparently I am defending Kenwright and applauding him. See me after class for some basic reading comprehension pointers.
Jeez…
Mike (350) - Thanks for responding. Your friend was leading you a merry dance about the lack of productions in the last 4 years.
358 Posted 16/06/2022 at 09:06:04
359 Posted 16/06/2022 at 09:41:14
What a sensible and well-reasoned post. Sums it up perfectly – this lot are after a big profit on the stadium development and won't be interested in the football.
360 Posted 16/06/2022 at 09:58:43
361 Posted 16/06/2022 at 10:09:03
It's very strange that Kenwright always suffers from poor health, close to death's door one time, when Everton are performing very poorly (no pun intended). But when we are doing okay, he's out in front with a big smile for everyone, not that he fools some of us.
I don't wish him any harm but I do wish that he'd just “Fuckin' do one!”
362 Posted 16/06/2022 at 10:10:34
You would think that having a new manager and a new DoF and having just avoided relegation by the skin of our teeth, what was really needed was stability. But it seems the club will be thrown into turmoil as Moshiri – despite his diatribe that he sent out – is looking to get out and doesn't much care who he sells to. Again, looking at those involved, another group who know nothing about football or running sporting clubs.
The loyal fans who, like me, paid our season ticket money months ago, not even sure what division we would be in, or what players may be left after a fire sale. So all that anguish and heartache we put ourselves through was for nothing as we are now searching even deeper depths for new owners.
This uncertainty will make players uncertain and even those who may have stayed will be looking for a way out. We have no idea if Lampard and his coaches will be here next season, maybe they will feel as cheated as the fans who went through so much last season.
So typically Everton, when the fanbase has never been more united, they now throw us into more uncertainty which may impact on the solidarity of the fanbase, I really hope not.
363 Posted 16/06/2022 at 10:49:35
364 Posted 16/06/2022 at 10:52:18
So yes, Eddie, I'm sure that raised a few eyebrows towards the end of last season and attracted attention. Newcastle? Who are they? Take their tops off and proclaim to be as big as Manchester United and have the Sky luvvies drool over them. On the basis of what? That is beyond me.
When we get going, no-one can match us. You could visibly see the near shock on the Sky generation media pundits after each match as it wasn't Newcastle or those loveable (despicable) reds. They didn't know how to react so resorted to practically calling us hooligans because of the relief-based outpouring of sheer emotion after the Palace match.
We took ownership and that had such an impact on the team and I'm not getting overly emotional or going over the top. It cannot and should not be underestimated. The real owners of Everton are us. We are the constant. We will be here as long as we all have a breath to breathe. I'm still going to be there after that.
Great post, Christine, and I agree with both you and Dave. I've said before, I don't necessarily have an issue with Moshiri. I don't have an issue if he wants to own but let others run it for him.
But put competent people in place to do that, not those who saw him coming and went on a wild spending spree with his money and no strategy.
That's where he's at fault though. If you own, you must set the strategy and give direction. Then you can step back. Step in when you need to steer the ship but leave the people you trust to deliver on the strategy and plan.
Stadium aside, he failed to have a strategy, presumably trusting the wrong person(s) who have failed for decades on the football and business side.
It's just a personal view, but I would rather he stuck around to see the stadium out; he deserves that as his legacy.
Just get rid of this incompetent board and get people in who can run a business and a football club on your behalf. Despite being on the fence initially, I'm quite optimistic on the coaching side. I don't know why, but I have a gut feeling about the DoF appointment.
I know I'm being overly simplistic and I fear, worry, have optimism & hope (I know that's contradictory), but it seems Moshiri is scarred by the whole experience and is ready to walk.
Whose hands we end up in is anyone's guess. Let's stay together. That's the only thing we can control.
365 Posted 16/06/2022 at 11:09:52
I did say I hope having new owners wouldn't split the fanbase, because the unity of the fans home and away which I have been lucky to witness has been the best thing that's happened to this club in a long time.
But the appointments of Allardyce and Benitez nearly destroyed any unity, and there have been several questions raised by Mike Gaynes over the new prospective owners.
That's why I worry if they are seen as asset strippers like Hicks and Gillette were, then that will certainly impact on the unity of the fans.
367 Posted 16/06/2022 at 11:23:10
Albeit, he still wants to cut the ribbon for the new stadium at Bramley-Moore Dock as his legacy, which is fair enough, plus keep 10% stake.
368 Posted 16/06/2022 at 11:47:49
What assets would they strip if they pay £500m for the club, then an extra £500M to build and finish the new stadium at Bramley-Moore Dock??? Particularly if Moshiri keeps his word about contractually obliging the stadium build (I doubt LCC would ever allow a repurpose after losing Unesco Workd Heritage Site status over it, and Liverpool ain't buying it after pouring all that money into their lopsided new stands).
Don't think there is any logic in people stating that new investors would neglect or strip the football side… what use would the stadium be if we end in the Championship or below?
How would a £1Bn business plan work with a loss of the £75M+ per annum in Premier League revenue??
It just wouldn't and doesn't make sense.
Real questions like “Can they run us sustainably?” and “Can they develop and bring in new revenue streams or invest personally?” are entirely valid questions, of course, but I don't think it's right to suggest an asset strip motivation without logic or evidence for it (Hicks & Gilette were very different as Liverpool had much bigger annual and profitable revenue).
I also think that taking Mike Gaynes's “But they are mates with Trump” as any more of a barometer for feeling than “but Usmanov is Putin's mate”.
Simple fact is, most of us really don't give a shit, we just want them to get us at the right end of the table and competing. As long as they're not chopping off heads and hanging gay folk of course (hey, Toon!) then most will be good.
Key question is, can they run us correctly? If Kenyon is going to take over and do it, I'd be pretty certain the answer is yes… but the devil is in this level of detail of course.
369 Posted 16/06/2022 at 12:05:02
Kenwright has definitely not retired. In fact, he has just bought a major theatre from Andrew Lloyd Webber which includes a restaurant and bars. It is named The Other Palace.
By the way, Mike, you can have your grain of salt back – everything I said has been proved correct, lol.
370 Posted 16/06/2022 at 12:16:27
When a consortium with no experience of the business it makes a bid for, then common sense would dictate they have a reason for buying it. Given their background in real estate, asset management and finance, it's reasonable to believe these are the main drivers behind their interest.
Are they even interested in football? Or even in sports management, or anything sports related? Because l couldn't find a thing.
I am not talking about the front man, Kenyon, his job is the introductions, the background, but I doubt he would have any involvement other than sitting on the board as their representative. That's his skin in the game, to add credibility.
Where does that leave us as supporters? Frankly, wondering why the heck they are involved, except for short-term profit made from the potential increase in value, especially if it's a leveraged buyout, which, given their background, is a distinct possibility!
Profit in real estate is made when you buy, not when you sell, getting the club at a fire sale for a quick turnover spells trouble. That's the concern, justified or not.
371 Posted 16/06/2022 at 12:26:46
Thank God it is underway or we'd be well and truly hamstrung at Goodison for the foreseeable and not an attractive club to any potential investors.
Somebody earlier described Moshiri as an idiot but our idiot. If he hadn't been with us, the new stadium at Bramley-Moore Dock would never have happened. We have to thank him for getting it moving and so I agree, he is ours and deserves some credit.
372 Posted 16/06/2022 at 12:39:32
Moshiri, like our current suitors, saw potential profit in the real estate at Bramley-Moore Dock, leaving the footballing side to his new friend, Bill. Now, seeing the error of his ways, he wants to get his money out or limit his risk, especially as his mate has been sanctioned by governments.
Luvvy Bill has no doubt advised him to seek investment rather than an outright sale, his very own approach… but is it a step too far???
373 Posted 16/06/2022 at 12:47:00
We had the former in Moshiri, but the combination of timing (ladder pulled up by FFP rules), and poor judgement (Farhad and Bill = Laurel and Hardy) meant we blew it.
Kenyon's consortium is most definitely not the latter. No experience whatsoever in sports management, lots of dodgy background, no interest in football – if it quacks, it's probably a duck. And this duck really does look undesirable.
Still, not much we can do about it for now. Moshiri owns us, if he wants to sell us, them – unless it's to Putin himself – the authorities are not going to step in to stop him.
My gut feeling is that it won't happen. Moshiri wants to keep a percentage, and anyway the American investors just look way too flakey to pull this off.
My only concern is whether it muddies the waters over the transfer window. We need certainty, we need professionalism, we need a clear plan.
374 Posted 16/06/2022 at 12:51:41
Maybe if Farhad Moshiri wants to retain the 20% suggested by Christine @ 347, gets £400million for the shares he sells, and the above scenario plays out, then he will be quids in again.
We just have to stay in the Premier League – that's the risk.
375 Posted 16/06/2022 at 12:52:05
1) Your “let's pretend Kenyon is not involved so we can pretend they know nothing about football” stance is one of the most bizarre I've ever seen on any subject on the web.
2) Moshiri knows nothing about football – it's why he uses advisors like Kia Joorabchian. Let's face it, they couldn't do any worse, even if Kenyon is just a front!
3) What's in it for them?
a) Grow us to a value closer to Chelsea?
b) Door to further development opportunities on the North Docks……
I suspect that's really what Moshiri and Usmanov wanted, and if they achieve either, then good luck to them.
4) Leveraged buy-out?
a) Moshiri has saddled us with debt
b) FFP means all debt must be serviceable… or we get points deducted and end up losing £75M a year.
Even if they could “loan the lot”, why would they then deliberately default and what evidence is there they would???
Finally, expecting a billionaire “Jack Walker” to just come in and throw us £1Bn is not only naive, but impossible today. Very much doubt whether there's another Abu Dhabi or Saudi state that fancies competing with them.
Be careful what you wish for? Stagnation and default under an Usmanov-less Moshiri, or role the dice on a new and fresh vision? The latter for me, please
(All being said… I'd still want more detail on the money bits and plans, of course.)
376 Posted 16/06/2022 at 13:16:08
377 Posted 16/06/2022 at 13:38:29
The problem is that performance on the pitch is also necessary to maintain a healthy and viable football business, which all the parties involved appear to have no plan for, being very much financial manipulation orientated. I think Moshiri had this same problem. He would not be talking to this consortium if they didn't think the same as himself.
Gary #375,
Moshiri did not saddle Everton with debt, but this consortium could. Moshiri actually paid off Everton's debt on taking Everton over and gave loans, which were later converted into shares. Selling these shares would be the way for Moshiri to get his money back.
378 Posted 16/06/2022 at 13:40:39
Personally, I believe that, if Kenwright had been prepared to lease King's Dock, we'd be sat where Man City are now, and I have no doubt we would have offered Paul Gregg more than enough for him to profit, and us to re-own it, and still be good enough commercially for getting players like Haaland.
However, I agree we'd need to be careful we didn't end up in the situation you describe. I'd hope that buying both together would make it very difficult for the new owners to sell off just the team, as any new buyer would surely then at least want long-term fixed rent agreeing!
Sure, they could do some clever sub-company scheme but, if they don't invest in the football side, there would be no club to rent the shiny stadium off them anyway.
379 Posted 16/06/2022 at 14:06:48
I get the impression he will never voluntarily "do one" until or unless it is dictated by the new ownership.
380 Posted 16/06/2022 at 14:16:18
I'm sure I read that the new owners of Chelsea have said they want to be using their new stadium (when they build) all year round for different events, so that might be plausible, Pat?
I remember listening to Rick Parry explaining that, as long as the football club take all their revenue, why do they really have to own the stadium? And it did make a lot of sense to me...
381 Posted 16/06/2022 at 14:16:36
Kaminski stays out of the public eye and there is little information about him on the internet. His asset management company information talks about diversification and it is likely that having money in a profitable team fits the bill.
If you ignore the way that Everton has been run for the past 25 years and focus on the size of the market and the passion of the fans, then Everton probably looks like a good investment, similar to Newcastle.
The London and Manchester teams would command high prices and may be seen as having less growth potential.
382 Posted 16/06/2022 at 14:31:41
383 Posted 16/06/2022 at 15:02:45
Leveraged Buy-ins are so frowned upon as being a really poor mode of acquisition. So much so that until the Companies Act 2006 was fully enacted, provision of Financial Assistance by a company to enable purchase of its own shares was illegal. There was a get out for Private companies however commonly known as a 'whitewash'. This is where the directors swore a Statutory Declaration that the company was solvent (ie could pay its debts as they fell due) both at the date the Financial Assistance was given and also for a year afterwards. Get this wrong and the directors were personally liable and could even go to jail.
The CA 2006 removed the necessity for a whitewash for private companies - a really bad move in my book. However the illegality still remains for Public companies.
It is interesting to consider why the difference between Public and Private companies. In essence Private companies are typically controlled by a small group of shareholders who are often very well known to each other and more often than not part of the same family. Therefore they are closer to the action and can better understand and influence such matters as Financial Assistance. Whereas Public companies have a myriad of investors (stakeholders) who often have limited or no knowledge of such matters and are not therefore in a position to influence.
And this is the point: whilst football clubs are often Private companies and could therefore offer Financial Assistance, I would argue that purely by virtue of the often many (tens or hundreds of) thousands of non-shareholding stakeholders (ie the fans), football clubs should be treated as a special case - as if they were Public companies. Of course this would need legislation to be effective but this should be the primary objective of a government-backed Football Regulator.
In conclusion, leveraged acquisitions should be avoided like the plague.
384 Posted 16/06/2022 at 15:05:14
385 Posted 16/06/2022 at 15:20:04
A state-of-the-art stadium like at Bramley-Moore Dock would have many uses such as different sports (eg, American football), concerts, conventions, etc, with EFC being one user.
If the club doesn't retain ownership of the stadium, it risks being hollowed out and becoming a tenant with BMD effectively becoming a cost centre rather than a profit centre.
Maybe this is the future model investors want but I have serious concerns about EFC becoming an expendable tenant without its own permanent home.
386 Posted 16/06/2022 at 15:57:30
387 Posted 16/06/2022 at 15:58:30
(The only sports team I know of in that category is Manchester United, currently trading at an all-time low on Nasdaq.)
388 Posted 16/06/2022 at 16:06:38
I'm not familiar with the precise definition of US Public company but your description fits the UK definition pretty well. Also the Financial Assistance prohibition in the (UK) Companies Act only applies to UK companies.
I guess the Glazers aren't really bothered about the Manchester United share price at the moment because when the debt will have been paid down (via profits from the trading company), they will have obtained the company for free.
389 Posted 16/06/2022 at 16:26:27
390 Posted 16/06/2022 at 16:36:35
Some people have already mentioned Paul Gregg, and unless Martin Mason can come on and prove otherwise, Kenwright lost us the chance of being the residents of a great stadium in the Kings Dock for getting on to a couple of decades.
Gregg also was keen (it would appear) to take over the club and it was Kenwright who suddenly found a True Blue in Thailand or somewhere, by the name of Samuelson I think, who had lots of funds (allegedly) and – believe it or not – the cheque was in the post!
I think Mr Moshiri has made mistakes (some major) but, to me, his biggest one was leaving the world's greatest Evertonian in charge!
I hope, if there is any further development in the proposed investment, fronted by Peter Kenyon, it is as Partners, not a takeover. What Mr Moshiri has seen is Kenwright hardly uttering a word in public when we had all the bad times this last season; but it was Mr Moshiri who wrote to us all and apologised for what had happened during his ownership.
The letter seemed, to me, to show that he is fully intending to see the new stadium built, and ensuring that the funds will be in place to build our stadium.
Naive, I suppose… but I don't see the group involved as a bunch of shysters; but at least two very hard-nosed businessmen who have held the most senior posts. One in the world's biggest mining company and the other in one of the biggest investment banks in the world. I would make a guess to say that they have close contact with some extremely rich men and will be active in getting our club investment in the stadium and the team.
So, my hope is that Mr Moshiri stays and brings in partners who know all about investment and business opportunities that are going to mushroom once the stadium is ready. I also think that our Chief Executive Officer could be replaced by Peter Kenyon and our Chairman be booted out on his arse and replaced by a professional businessman as Chairman.
391 Posted 16/06/2022 at 16:44:47
I always thought that one problem with Gregg and Kings Dock deal was that Gregg wanted the future income from any concerts at Kings Dock for himself in return for financing the stadium build, and buying the club. Something like that.
I'm happy to be corrected if that's inaccurate.
392 Posted 16/06/2022 at 17:02:54
The city of Liverpool back in the day had more potential than the city of Manchester.
Sadly, I say that in the past tense, with regret and in hindsight. Somewhere along the way, both Everton and the city lost their way to allow local rivals who were arguably lesser take over and bypass them. We stood still, which is akin to walking backwards.
Some of that can be apportioned to neglect by the various regional and national authorities, but I'm not afraid to look in the mirror. Some of it has to be apportioned to an inward-looking mentality and rest-on-our-laurels attitude. Not all, but collectively over the years and particularly those in control. Our leaders, if you can call them that.
It's hardly as though Manchester City and the city of Manchester are hugely different in terms of roots and background. But they reinvented themselves. City are now consistently Champions of England and one of the biggest names in football with the best manager in Europe (the world) playing in a modern stadium.
Manchester is the de-facto second city of the UK, regardless of what Birmingham says. It has a truly international airport, the largest in terms of traffic volume outside of London in the UK. Not just a budget airline hub.
Liverpool (the city) still has massive potential. Everton are part of that with the new stadium at Bramley-Moore Dock. Imagine what that waterfront will look like from Otterspool Promenade to the Albert Dock to the 3 (now 4) Graces and then the regenerated northern docklands with the new stadium looking out to greet the world as they enter the Mersey Estuary. And that monorail I keep going on about as a tribute to the old Docker's Umbrella.
The spin-offs will be fantastic to the city and the local region, which is why Everton is a great investment opportunity. And that is notwithstanding our support base, heritage and stature as a big football club with huge potential on the football pitch.
393 Posted 16/06/2022 at 17:24:41
I think that's how Moshiri saw it, although it was all muddled together with a football vanity project.
Since there are now 7 much richer clubs, I don't think anyone will come in with a view to a transfer spending spree.
All buyers / investors will be looking at other things – maybe non-football related things.
394 Posted 16/06/2022 at 17:34:11
Moshiri may be culpable of entrusting the club to Billy Bullshit but not much more. I've a feeling he saw the bullshitter was out of his depth and appointed Benitez because he was fed up with the shite he was being fed.
Let's hope Billy Bullshit is kicked out asap.
395 Posted 16/06/2022 at 17:39:09
From what I have read about that, it was the people backing Gregg that were the ones who promoted large concerts and wanted the money from any put on at the Kings Dock.
What was one of Kenwright's arguments was that Everton would only have 49% of shares and Gregg and his backers had 51% and that would enable them to do it. I don't believe that was the major problem that it was never built.
396 Posted 16/06/2022 at 17:51:57
Thanks for the response, Bill. I think Kenwright's 'argument' may have been him seeing his trainset (and wedge) disappearing if the Greggs etc were in a position to outvote him. A missed opportunity though, just the same.
397 Posted 16/06/2022 at 18:10:03
398 Posted 16/06/2022 at 18:29:52
Totally agree with your comments.
The one thing certain to emerge from this proposed takeover is the long, long overdue termination of Kenwrights disastrous chairmanship.
400 Posted 16/06/2022 at 18:59:17
I think history will judge both Farhad Moshiri and Bill Kenwright as you outline but don't bet against Kenwright pulling some of his media friends out of the woodwork to smear that storyline in his favour and secure his naming rights to a stand in the new stadium at Bramley-Moore Dock.
401 Posted 16/06/2022 at 19:09:07
But Everton front and centre of it.
I don't know about not breaking the mould. I know you don't say that. But in my lifetime, there has been a big 5 (Everton being a member of that firm), then a top 4, a top 6 and now a 7 presuming we are placing Newcastle in that category.
But, looking back, if you'd have told me Chelsea, Manchester City and Newcastle were going to be in that club, I'd have laughed you out of town.
Never say never. Anything is possible if you keep believing.
402 Posted 16/06/2022 at 19:21:12
403 Posted 16/06/2022 at 19:28:44
One day they fly and that time is coming.
404 Posted 16/06/2022 at 19:32:48
But part of that means taking time to develop a poor squad and, I desperately hope, a massive emphasis on the academy and youth development.
As you say, football fortunes ebb and flow. We just need to get our shit together so we can capitalise when others start to decline.
405 Posted 16/06/2022 at 19:41:23
406 Posted 16/06/2022 at 19:41:58
It's been said a dozen times, I know, but I am totally convinced that Moshiri (and his ex-gaffer) have followed the Randy Lerner School of Football Management to the full and that, after a relegation near miss, his final season before selling up will be the one that brings relegation.
I believe Kenyon ('the tyre kicker') went in for Villa but nothing came of it and only when Chinese money showed interest, was the Credit Card magnate able to forge a deal. And by then, Villa were in the Championship!
So patience is required whilst the final scenes of our club's demise are enacted – although what the hell will happen over the new stadium at Bramley-Moore Dock, god only knows. But, like the Midlanders, we will rise from the ashes, I'm sure.
407 Posted 16/06/2022 at 20:08:50
408 Posted 16/06/2022 at 20:19:16
409 Posted 16/06/2022 at 22:05:12
410 Posted 16/06/2022 at 22:10:24
I think that, without Mr Moshiri, our club would have been well and truly flattened.
411 Posted 16/06/2022 at 22:28:15
I think you're right.
412 Posted 16/06/2022 at 22:39:39
While I give consideration to your point of him being a saviour, Jim, he was here only as the sideman to Usmanov and has shown no character to be thought of as anything but self-interested. That his motives aligned with an opportunity at Everton allowing us to possibly get to a new stadium at BMD was fortuitous and not in any way magnanimous.
413 Posted 16/06/2022 at 22:44:45
This statement alone should have seen the Chairman removed, but unfortunately he's still standing, but hopefully he hasn't got long left!🤞
414 Posted 16/06/2022 at 22:56:20
I supported Benitez while he was here. You don't win the European Cup twice amongst other trophies, by being a duff manager. But he's gone and I think Frank is a young manager with a good team, so I'm happy with him.
I just hope that Moshiri does bring in the partners rather than sell the club, then Kenwright will definitely be on his way – and half the bloody Board with him!
415 Posted 16/06/2022 at 23:17:50
I'm sure you'll remember, we didn't have a pot to piss in, nor the remotest chance of building a stadium, even if we could have found a ground other than Kirkby's "Free World Class stadium" or possibly Cronton Colliery!
So I respect your view but, to me, Mr Moshiri wanted to get involved with our club. Don't forget – there were others.
I'll be happy if he stays as owner but even happier that we get new investors as well. And I'm havin a street party when Kenwright is booted out of EFC,
416 Posted 16/06/2022 at 23:58:01
Obviously there's self-interest involved, because he also thought it was a good investment, but he's certainly not a Glazer who's in it for the skim rather than the winning.
Furthermore, I've never seen anything odious or untrustworthy in his blunders -- merely overconfidence and incompetence.
Moshiri hasn't been much of an owner, but nobody can convince me that he has ever had subversive motives. And I think his public apology -- unique for a billionaire sports team owner -- showed character.
He may be bad at his job, but I consider him good people. And at least one of those trying to buy the club from him is most definitely not good people.
417 Posted 17/06/2022 at 10:43:27
You were right. But the internal politics of Everton supersedes achievement on the pitch. Even this suggested takeover reeks of internal politics.
Moshiri did act in good faith and did not saddle Everton with debt, but he also has been the victim of internal politics. It seems that he is about to become more arm's length than before. He saw Everton as an investment and only became involved when his money went South.
Kenwright will have a say in how the Club is run, takeover or no takeover. He will be working overtime to get parties interested that he wants and to suppress any protests.
Everton's ambitions will be Premier League survival only, as they have been for years.
418 Posted 17/06/2022 at 10:56:58
419 Posted 17/06/2022 at 14:19:24
420 Posted 17/06/2022 at 14:28:59
421 Posted 17/06/2022 at 14:40:41
That being the case, manager Lampard will be under massive pressure to get the season off to a good start in order to keep his job under the ridiculously impatient Moshiri – with the World Cup break likely to be the limit of his tolerance. I wonder how long us ToffeeWebbers will give him?
422 Posted 17/06/2022 at 14:49:10
423 Posted 17/06/2022 at 18:47:16
Yes, the mind boggles!
424 Posted 21/06/2022 at 19:37:53
Takeover fever at Everton, Thornton Toffees on offer, anyone? – The Esk Podcasts
425 Posted 21/06/2022 at 21:07:39
As for our favorite owner, I'm not sure I would go as far as to say that he is ill-motivated since it is more a case of how he works himself into jams and then fails in the most basic of communication responsibilities.
This is where I think he is a bit of a creep, he looks too quickly to turn a position over rather than build up steadily. He really never had a football plan, he simply thought he could keep us up while he pursued his preferred plans.
426 Posted 21/06/2022 at 21:18:10
427 Posted 23/06/2022 at 16:58:15
From a report in The Athletic (Greg O'Keefe) yesterday.
428 Posted 24/06/2022 at 01:37:58
You and many others know my feelings on the guy, cannot wait for the Day he departs from our club, I will certainly show him the good times when he does go.
A couple of jd and coke in and I will throw a moon walk in, when that great Day comes.
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1 Posted 13/06/2022 at 18:22:34