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Report: Kaminski family aim to have buyout in place next month
Wednesday, 29 June, 2022
Maciek Kaminski, whose family are reported to be the primary financial player behind a proposed takeover of Everton FC
According to the Telegraph's latest reporting, Maciek Kaminski would like to have an agreement for the proposed buyout of Everton by the consortium headed up by Peter Kenyon in place by the time the Blues play Minnesota United next month.
In another claimed exclusive, Matt Law says that the Kaminski family, the main financial players bankrolling the takeover, are hoping to have everything in place so that Maciek can introduce himself as the prospective new owner — if not the confirmed owner should clearance come through from the Premier League in time — to Frank Lampard and his players when they are in Minneapolis, where Kaminski and his real estate firm Talon Real Estate and Kaminski Asset Management,Inc. are based.
Everton will play one of two friendlies in the United States this summer in Minnesota, a few days after they play Arsenal in Baltimore, the club's latest effort to build its following across the Pond.
Kenyon has reportedly been handling negotiations on behalf of the consortium that also includes gold mining baron John Thornton with a price in excess of £500m said to be under discussion, a total that would cover Everton's debts while the group are reported to have made commitments to fund the rest of the construction of the new stadium at Bramley-Moore Dock.
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Law reports that Polish-American Kaminski has already travelled to the United Kingdom to hold face-to-face talks with current Blues owner, Farhad Moshiri, and has visited the dockside site where Everton's £500m new stadium is starting to take shape.
Born in Poland, Kaminski graduated with a Bachelor's degree in Biology and Physics from the University of Minnesota. He has an estimated personal wealth of around $1bn and according to Law's report, both Maciek and his son Mikhail would be registered directors of the club with Everton being the flagship holding of their new venture, Kam Sports, LLC.
A source is quoted as saying: “As a family, they are passionate sports fans and have watched the Premier League for a number of years. While new to football as prospective club owners, they understand and respect the emotional power of the game and Everton's values and history. They share with the club's supporters a deep-rooted passion for the future success of the club, both on and off the pitch, and want to be good custodians of ‘the People's Club'.”
Kenyon himself will also have a role at the club but there are no clear indications yet whether he would assume the position of Chief Executive in place of Denise Barrett-Baxendale who is said to be looking for alternative employment.
Reader Comments (107)
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2 Posted 29/06/2022 at 14:42:16
3 Posted 29/06/2022 at 14:44:29
Kenwright Out!
4 Posted 29/06/2022 at 15:10:29
5 Posted 29/06/2022 at 15:10:54
7 Posted 29/06/2022 at 15:15:48
10 Posted 29/06/2022 at 15:35:02
Just getting in the mood Brian, Ive already got new shoes, just gonna need plenty of booze, Manny, no no no dont bring me down!
11 Posted 29/06/2022 at 15:42:41
12 Posted 29/06/2022 at 15:47:02
13 Posted 29/06/2022 at 15:47:31
Whatever happens here, bring in the change needed to maximise the opportunity we have ahead of us.
With the size of this club. The new stadium and the existing fan base that simply cannot be rivalled. the management team looks fresh and promising.
The ingredients for success are in place. With the right owner and the right board.
Looking at flights to Chicago now.
14 Posted 29/06/2022 at 15:48:18
15 Posted 29/06/2022 at 15:48:37
I'll get me coat.
16 Posted 29/06/2022 at 15:50:54
Once Kenyon's mob have had their period of exclusivity, hopefully they (the Qataris) will step in. I hope they do as we have had a bloody awful time of late (30 years).
17 Posted 29/06/2022 at 15:53:23
He can stay on in a pensioner ambassadorial non-paying way but I want Kenwright away from the sharp end, away from any business.
He's had his "good times" he said so himself, well fine, now it's time for the clown to hang up his red nose and put away his big flowery shoes and step aside.
18 Posted 29/06/2022 at 15:54:09
19 Posted 29/06/2022 at 16:03:46
So I'm just gonna hope that whatever comes out of it is in the direction of benefit on the pitch, on the back of the team as it is, not being totally decimated before we start the new season.
Of course I'll change my mind later, will be back in a few hours with more...
20 Posted 29/06/2022 at 16:10:42
21 Posted 29/06/2022 at 16:21:14
Then we've got transfers.
Strap in for the ride. It's going to be bumpy!
Cristy, I guess as we've learned, spending big doesn't often equate to success. Rarely in fact. Spending and investing wisely does.
There's a club not too far away that are testimony to that who have American owners.
22 Posted 29/06/2022 at 16:21:49
23 Posted 29/06/2022 at 16:25:40
24 Posted 29/06/2022 at 16:27:02
25 Posted 29/06/2022 at 16:28:11
Maciek Kaminski is the President and Founder of Kaminski Asset Management, Inc. He is also the Portfolio Manager for the Kaminski Poland Fund, where he provides investment advice through private account management in Central European markets.
Kaminski has worked in the worldwide investing industry for almost 15 years, previously with Paine Webber and Piper Jaffray. He is now in a consortium to negotiate a takeover deal with the Premier League Club Everton FC.
According to this report, he'll be skint by the time he's bought Everton and paid all the debts and the stadium costs. Nothing changed then, maybe he'll do us the biggest favour and get rid of Bill.
26 Posted 29/06/2022 at 16:33:36
27 Posted 29/06/2022 at 16:38:23
28 Posted 29/06/2022 at 16:39:03
29 Posted 29/06/2022 at 16:40:46
I've said elsewhere I'm surprised with Cahill's connection at the club and his involvement with Qatar they haven't been mentioned.
30 Posted 29/06/2022 at 16:40:48
32 Posted 29/06/2022 at 16:51:16
We have no real idea how much he's worth, he clearly has no experience owning a sports club of any size, and we don't know the first thing about his motives or how involved he'll be in the day-to-day. <:>I get that most people are happy to see the back side of Moshiri and Kenwright, but I sure hope we're not regretting this decision in a year or two.
And all of that says nothing about John Thornton, with what appear to be pretty questionable ties to China, Steve Bannon, and human rights issues through his mining operations. We should be careful what we wish for.
33 Posted 29/06/2022 at 16:56:11
Not just Kaminski; all the players.
34 Posted 29/06/2022 at 16:58:56
Christy #20, you mean besides Henry, Werner, Edens and Boehly?
And Leeds got back into the Preier Leaguem on a big injection of American money from the 49ers.
Not all Yanks are Gillette/Hicks and the fucking Glazers (who I am happy to see wreck Man Utd).
Darryl #33, there are no published estimates on any of these guys.
35 Posted 29/06/2022 at 17:03:09
I asked my friend, a Minneapolis business executive, about Kaminski, and he knew nothing either. This guy's profile is so low he barely exists.
36 Posted 29/06/2022 at 17:11:43
Professionalism in running the club and a desire to see success, on and off pitch, is what we need.
An austere view on short-term yields; screwing up our squad and down-grading the new stadium build are my fears concerning all bidders.
Just because this bunch are in first doesn't mean exclusivity to a successful takeover.
Surely Moshiri wants the most he can get whilst also ensuring a good personal legacy? (Naive maybe).
The only part of their bid I think we definitely benefit from is Kenyon's know-how of running successful clubs. If he actually got a role come completion his experience could be beneficial.
Middle Eastern oil backers have been whispered about in certain quarters. Their deep pockets would be better than the tighter reigns of businessmen, but then we're back to questions of morality, human rights, etc,.
Whatever happens, it comes down to us hoping we end up with the right fit.
I want change, but not a change for the worse, just because it looks all shiny and new.
My fingers are firmly crossed, and that's all any of us can do.
37 Posted 29/06/2022 at 17:13:48
38 Posted 29/06/2022 at 17:20:41
Superb, maybe he was applying for a job running the micro-brewery at the Tottenham Hotspur stadium?
Ye know... to prove to his detractors he could indeed organise the proverbial.
39 Posted 29/06/2022 at 17:22:12
Unfortunately these announcements (about sponsorship, ownwership) get sprung upon us after being hashed out behind closed doors, and there's little room for supporters to push back and be part of the dialogue. At this point, our only recourse is a petition that goes nowhere or graffiti on the walls at Goodison, which works only if there is enough anger and we have enough lead time to scare those in charge into thinking there might be real blowback.
With the ownership, by the time we realize we're in deep shit, it will be too late. And we don't even know what level of involvement each partner would have, so we don't know how upset to get, ie: if Thornton was going to own 60%, I'd probably be much more up in arms than if he owns 10%.
And of course for all we know Kaminski has ugly political ties, assuming anyone cares, but like Mike said, this guy is a complete mystery.
41 Posted 29/06/2022 at 17:27:47
Like others have stated, I have concerns that, in Premier League terms, they don't seem to be very rich. Then again, it's a consortium so we don't know if there's other people's money behind it, like Thornton's China connections or the mining group he's president of.
You would think they have big financial backing to commit to £1 Billion, but are they going to do a Glazier-like deal and buy us with loans?
Money isn't everything as we've found with Moshiri. Someone who knows how to run a football club would be a great start. I still hope the Qatari's come in though. You then get lots of money and professionalism.
42 Posted 29/06/2022 at 17:30:42
43 Posted 29/06/2022 at 17:32:08
44 Posted 29/06/2022 at 17:40:07
Stay away from them, EFC! Something is very wrong with this lot. Just don't ask me why, as I have no idea. It just smells very, very off.
45 Posted 29/06/2022 at 17:44:16
That's actually quite profound.
46 Posted 29/06/2022 at 17:44:42
It's possibly a game of bluff right now, but it reminds me of the time I went to Thailand to watch Everton, and one of my “desperate mates” who had never had it so good, didn't realize that he had a choice.
Desperate men do desperate things, and since his boss was struck by sanctions, I've had a feeling that Moshiri is very desperate, and even in his letter to Evertonians, he mentioned Ukraine quite a lot?
47 Posted 29/06/2022 at 17:45:05
The investment company has money from individuals or other companies who want to invest in sports teams. They have identified Everton as a team with potential for growth.
If they run the team successfully, then the value of their investments will increase which will be good for them and the club. I don't see much downside to this.
It might be different if we were a successful club and an owner was cashing out at a good time to an outfit that only needed to maintain the status quo, but that is clearly not the case with this proposed deal.
48 Posted 29/06/2022 at 18:23:55
Wow, how do you know that Kaminsky has set up an investment company that will buy the club?
And that other investor money besides his own will be involved?
That's huge news if true, but I've seen nothing about that anywhere.
49 Posted 29/06/2022 at 18:28:29
50 Posted 29/06/2022 at 18:29:40
51 Posted 29/06/2022 at 18:29:45
Kenwright Out!!! Moshiri Too!!!
52 Posted 29/06/2022 at 18:40:34
I'll get me coat…..
53 Posted 29/06/2022 at 18:45:57
- Brentford adding Lewis Potter
- Villa with several buys
- Southampton with a few high potential buys
- Leeds buying before the £100m
I guess we should be glad Forest, Wolves, Bournemouth, Fulham, etc not doing much yet.
Whatever happens, it needs to conclude quickly, and we need to strengthen before we get left behind.
54 Posted 29/06/2022 at 18:53:06
Why so, matron?
Because Aaron Kosminski was Jack the Ripper according to experts.
A cutting edge at last?
55 Posted 29/06/2022 at 19:13:00
56 Posted 29/06/2022 at 19:25:03
I've been wishing for anyone but Kenwright since the Kings Dock fiasco. Moshiri's arrival appeared to signal the end of his disastrous regime but of course the charlatan was stupidly retained to damage our prospects for another 6 years.
Champagne now at the ready.
57 Posted 29/06/2022 at 19:25:24
Be careful what we wish for!!! Look where the Iranian's billions have got us!! Fuck-all!!
I'm not Bill's biggest fan but when Moyes had him doing the right thing, building gradually, we were moving in the right direction. His time's now up, we need business leaders in the sports field to be on the Board. Forward-thinking, innovative, motivated people who are leaders in the field of sports management, and brand management.
Look at where the other lot were only a few years ago!! Now they're selling players past their best for more than they paid, having had the best years of their careers.
It only needs good planning. No knee-jerk reactions to minor bumps in the road. A single-minded attitude that the plan we have will work – or what's the point in planning in the first place???
I just don't want us to piss the Richarlison money on has-been journeymen looking for their last big contract. I'd rather fill the academy with potential and hopefully come good, eg, Gordon, Calvert-Lewin. Isn't that something worth watching and supporting rather than 11 players like Tosun or Delph or Walcott?
We want success now but success won't be bought in 2 windows. Hopefully Frank and Kev will have the vision, forward-thinking and then the nerve to so see it through... and we as blues will have the nerve to give them the time if we can see the fruits of their labour!!
[Future posts won't be so long.]
58 Posted 29/06/2022 at 19:57:35
$1 billion is his personal net worth so how is he supposed to invest in the stadium and buy the rest of the shareholders out with that valuation?
59 Posted 29/06/2022 at 20:00:08
60 Posted 29/06/2022 at 20:16:05
As far as the Qatari,s go, don't you think if they were interested they would have made an approach to Everton before anyone else.
We don't know anything about consortium's when they first start negotiations, but I am sure Moshiri and his representatives will have done a full investigation of their financial backgrounds before any agreements are made.
I believe Moshiri has realized that owning a football club is not as easy as he may have thought, and has been let down in dealings by himself and others. I still think he is an honorable man and will try not to sell to people that are unable to run Everton F.C. financially sound, and ambitious, and realize the difficulties in running a premier league club that takes more than a couple of seasons to become successful.
It would be nice to know who the other people are interested, but would Moshiri not be aware of who they are and believe they may not be better than what is on the table, we may never be told.
61 Posted 29/06/2022 at 20:16:39
We are back in the killing zone, barely a month after Palace. if this deal goes through, we could well be Burnley max. Problem is of course, Farhad will not give a flying one about anything but whether they come up with the Reddies to buy him out. Bill's true legacy.
62 Posted 29/06/2022 at 20:20:25
Im with you on this.It doesnt feel right to me They dont appear to have the money to me and they may or may not have the backing of an investment company I dont know.
What worries me is that they leverage massive loans against the clubs assets and then saddle us with big debt and interest repayments a la Glazers at Man Utd.
They seem to have no knowledge of sports ownership which makes me think its just another money making thread in their portfolio to me.
I hope Im wrong and they genuinely see Everton as a sleeping giant who only need the right backing and ownership to succeed.
Time will tell.
64 Posted 29/06/2022 at 20:50:00
"The commercial property firm run by the American investor said to be bankrolling a proposed takeover of Everton defaulted on loans and auditors raised doubts about its future, the companys financial documents have revealed."
65 Posted 29/06/2022 at 20:52:23
Whoever is our owner needs to have the wherewithal to fund the acquisition out of own funds and not via a leveraged buy-out. That is far more important than the 'name' of the owner.
People have to get their heads around that simple pre-requisite. (Shakes his head).
66 Posted 29/06/2022 at 21:01:01
But all matters in the fall from Grace and Decline of Everton have been going on for 50 years.
Are there more, and other interested parties in the wings?
Well Id rather have a solid proven legal entity with some serious financial clout.
But no one knows whats going on, but my instinct regardless of benefits in terms of change of staff in the board room, tells me this is a take over for the sake of it, but is there actually a rational for this take over?
Not a clue as to the impact of the future of EFC, but this makes me think of a potential set up and immediate aftersale as soon as BMD is completed.
But, theres too many buts and what ifs...
Is this a partial take over or an out right take over, or a gradual take over?
For Everton to be stable and succeed on the Pitch, is it too much to ask for?
67 Posted 29/06/2022 at 21:12:08
68 Posted 29/06/2022 at 21:18:34
Frying pan and fire.
Okay, that's actually four .
But you all get where I'm coming from.
69 Posted 29/06/2022 at 21:30:35
70 Posted 29/06/2022 at 21:31:27
71 Posted 29/06/2022 at 21:36:14
72 Posted 29/06/2022 at 21:38:07
73 Posted 29/06/2022 at 21:43:09
Anyone who thinks its the frying pan and not the fire is deluded. We are in dire straights. If it CAN get worse, the benefit is a quick death instead of the slow death we are currently suffering under the muppets running us now.
74 Posted 29/06/2022 at 21:43:48
Cos the last one went so well?
BTW
"warm fuzzies"...nudge, nudge, wink, wink,...I know thats an ingeniously hidden New Zealand weather reference to fool Michael K.
75 Posted 29/06/2022 at 21:44:39
76 Posted 29/06/2022 at 22:02:51
77 Posted 29/06/2022 at 22:03:54
78 Posted 29/06/2022 at 22:07:04
79 Posted 29/06/2022 at 22:13:22
80 Posted 29/06/2022 at 22:15:00
81 Posted 29/06/2022 at 22:19:57
It is in the 5th paragraph of Lyndon's article that we are discussing
Born in Poland, Kaminski graduated with a Bachelor's degree in Biology and Physics from the University of Minnesota. He has an estimated personal wealth of around $1bn and according to Law's report, both Maciek and his son Mikhail would be registered directors of the club with Everton being the flagship holding of their new venture, Kam Sports, LLC.
82 Posted 29/06/2022 at 22:22:45
Paul #69, no, he's not a developer, and I have no idea why you would say that. He's a real estate investor. His company is a commercial real estate investment trust or REIT. It buys and manages portfolios of office buildings. It does not build them.
From their website: "Talon seeks to acquire properties that meet our cash flow or total return objectives."
If anybody's interested, this is when Kaminski moved from running a US/Polish investment fund into real estate investing, 17 years ago:
https://www.bizjournals.com/twincities/stories/2005/01/03/story2.html
Real estate sources expect Kaminski to purchase a 1.5 million-square-foot package of office properties for $110 million to $115 million sometime in January. New York-based Colonnade Properties put the portfolio on the market this summer. The portfolio comprises more than 24 buildings and includes the Pentagon Park office complex in Edina, The Parkdales office complex in St. Louis Park and 501 Marquette (formerly the Soo Line Building) in downtown Minneapolis. Firms that now operate as Colonnade purchased the buildings in 1997 and 1998 for more than $125 million. With the purchase, Kaminski, known mostly for managing Polish investment funds, will rank among the Twin Cities' top owners of office buildings. The Minneapolis office of L.J. Melody & Co., a sister company of CB Richard Ellis, is expected to finance the purchase with Kaminski, who real estate sources say is putting about 10 percent of equity into the purchase and financing the rest. It is not clear whether Kaminski has partners in the deal. Kaminski and L.J. Melody could not be reached for comment. Colonnade is using Rockwood Realty Associates, New York, to list the property. A Rockwood representative also could not be reached. Kaminski's Minnesota roots Kaminski gained prominence in investment circles in the late 1990s, when he started the Kaminski Poland Fund, which at the time was the sole Poland-only investment fund in the United States. Kaminski's physician parents immigrated to Redwood Falls, Minn., in 1967 when he was 8 years old. He studied science at the University of Minnesota, but ended up in the investment business. Kaminski worked as an investment adviser for Minneapolis-based Piper Jaffray Cos. before joining PaineWebber, now New York-based UBS Financial Services, as vice president in 1992. He founded Wayzata Capital Management Inc., where he is president and chief investment officer, in 1996. Kaminski's first noteworthy real estate purchase was the Minnetonka Boat Works, an office building with a restaurant in Wayzata, which he bought from prominent entrepreneur and former technology executive Rick Born in 2001.
Maciek (M.G.) Kaminski is about to complete a journey from Polish immigrant to manager of a Polish mutual fund to Minnesota real estate mogul.
83 Posted 29/06/2022 at 00:06:15
One saying one of his companies defaulted on a loan.
Other sources from within the group saying there is no leveraged buy-out and the £1 Billion take over won't touch the sides of the wealth behind the takeover.
84 Posted 29/06/2022 at 00:18:03
Kaminski's business interests are not limited to real estate.
85 Posted 30/06/2022 at 00:25:20
86 Posted 30/06/2022 at 00:35:44
87 Posted 30/06/2022 at 00:36:12
They'll fit right in.
88 Posted 30/06/2022 at 02:17:52
Gillette and Hicks lied about leveraging debt, backstabbed each other in the papers and almost put Liverpool into administration when they stiffed the bank. I remember the laughter here when Hicks went on Sky Sports live from Texas to fire Parry. Who wouldn't go.
89 Posted 30/06/2022 at 04:50:24
The sooner this is sorted out, the better as far as I am concerned – the last thing we need is our players (whoever they turn out to be) starting the season under a cloud of uncertainty.
If it does turn out to be this mob, I hope they have taken a long hard look at who was involved while Farhad Moshiri was getting his fingers burned.
Yes, our owner has made mistakes but my view is that the board should hang their heads in shame at the huge amount of money that has been squandered on their watch while the playing squad has deteriorated to probably the worst team we have had in 20 years.
I reckon I could pick a board from ToffeeWeb posters that would have done a far better job.
I am a one-eyed Evertonian with blue-tinted glasses but it finally dawned on me for the first time in 60 years, just before Brands went, that we are garbage.
90 Posted 30/06/2022 at 07:02:12
People's Club… custodians… real fans… and Barret-Baxendale looking for alternative employment – We have heard it all before. The hand of the Everton PR department is on this one. They even got Minnesota in the mix.
91 Posted 30/06/2022 at 07:29:21
To have strong affiliations with other leagues and clubs can be very beneficial (if done well) when it comes to player and manager recruitment and placing. All pie in the sky at the moment, I guess, but sounds like it could move quickly.
Here's the article:
Everton takeover latest as 'multi-club portfolio' plan emerges
92 Posted 30/06/2022 at 08:07:10
Certainly an affiliate club in the States could be a good opportunity for us – brand, access to US talent and developmental loans for our players.
I'll be pleased to see some innovation and structure around recruitment and development. Clearly we cannot just go on indefinitely trying and failing to compete with now 7 clubs with much more money than us.
As I said on the other thread, the fact that Richarlison is going to Spurs and not Champions League royalty really says a lot.
93 Posted 30/06/2022 at 08:35:22
Please enlighten me what sports experience we have on the board? They are a total abortion, whatever they touch – be it marketing sponsorship, choice of manager, negotiating transfers – you name it.
94 Posted 30/06/2022 at 08:55:16
Sound like a bunch of shite hawks.
95 Posted 30/06/2022 at 09:11:57
They, the existing Everton Management, have been engaged in running a football club. This can be done well or badly. Though there is and was an absence of performance targets or accountability for results. Whether that changes on the takeover is a central question.
By the way, Brian, I agree with your opinion and there are figures provided by Paul the Esk to prove it.
I do find it strange that it is all being presented as a fait accompli, with no competitive bidders. Early on, exclusivity was granted.
96 Posted 30/06/2022 at 09:27:33
Has the Premier League got any monitoring of approval role regarding the parties involved in a takeover?
Since Everton are working with the Premier League Profit and Sustainability Committee would they require information on suitability and finances, since a takeover would alter the situation on the agreement with Everton that was reached last year?
I know that regulation is always too late, but does anyone have information on what regulation that exists?
97 Posted 30/06/2022 at 11:59:19
'The most recent annual report for Kaminskis property company Talon Real Estate Holdings, in 2017, reveals it defaulted on several loans and that auditors raised “substantial doubt about its ability to continue as a going concern”.
A spokesman for Kaminski declined to comment but a source close to the Kaminski family insisted that they have many different companies and investment vehicles they use to manage their money and assets, and that the financial commitment to Everton would not “touch the sides” of their wealth. The investment would be in the form of equity, not via loans, the source said.
The source said that the Kaminski family have deliberately remained private and there is limited publicly available information about their wealth. Yet some of the financial documents surrounding Kaminskis business activities which have been seen by The Times have raised concerns among Everton fans.
The independent audit of Talon Real Estate Holdings, contained in the companys 2017 annual report, states: “The company has suffered recurring losses from operations and has defaulted on the terms of certain of its secured and unsecured loan agreements. These factors raise substantial doubt about its ability to continue as a going concern. ”
Talon itself states in that annual report that “we currently do not have available cash and cash flows from current operations to provide us with adequate liquidity for the foreseeable future. Our current liabilities exceed our unrestricted cash and we have very limited cash flow from current operations. ”
In 2020, Kaminski and his wife, Brenda, were defendants in a lawsuit by a lending company called Gamma over a $51. 6 million (£42 million) loan. The source close to the Kaminskis said the couple were not being directly sued in that case, but had historically acted as guarantors to the assets being used to secure the loan, and that such legal actions are very common in the American real estate sector.
Other documents show that in April 2020 Kaminski and his wife each applied for and had approved 24-month loans of $20, 883 under the Paycheck Protection Programme brought in as a result of the Covid-19 pandemic. Brenda Kaminski also applied for, and had approved, a 60-month loan for $20, 883 in February 2021.
Asked if Kaminski has already provided proof of funds for the takeover, the source added that he was going through the process of seeking regulatory approval, having the investment signed off by financial institutions and going through the Premier Leagues owners and directors test. The source said “no red flags” had been raised. '( I suppose this answers my earlier queries)
Kaminski family seem to have to be giving a lot of qualified answers to auditor reports, IRS court proceeding and loan defaults regarding other businesses they are involved in according to the Times.
As always nothing relating to Everton is straight forward.
98 Posted 30/06/2022 at 13:28:48
We really need backers who not only have a shed full of money but the professionalism to use it to best effect, unlike our present incumbent.
Without serious personal wealth behind him, I can only see this guy doing a Kenwright and putting is in masses of loan debt and multi-lawnmower ownership
99 Posted 30/06/2022 at 16:47:38
Everton's minority shareholders will not be forced into selling their stake in the club if Peter Kenyon's consortium buy the club. The consortium are in talks with Bill Kenwright about his shareholding moving forward. (Source: Liverpool Echo)
Hope its fake news
100 Posted 30/06/2022 at 19:05:19
I don't think it is fake news. There is a lot of haste pushing this takeover forward, with a lot of pre-announcements. I expect with The Times reports and other such reports, even more urgent progress.
It really is unusual that there are no other bidders, even with exclusively. It seems that this Consortium was preferred by Club representatives early on.
101 Posted 30/06/2022 at 20:18:54
102 Posted 30/06/2022 at 22:38:54
103 Posted 30/06/2022 at 22:55:32
Taking it one step further what happens in the forthcoming recession with higher interest rates causing property devaluations. Are these people here for the good of Everton or do they see us as a way of raising long term loans to keep their other investments afloat?
Also, why do we seem fixated on this one consortium? Surely there must be more interested parties who would possibly be better for the club. As John @98 says is this a proxy for a serious investment? Chinese maybe? Theres more questions than answers at the moment.
104 Posted 30/06/2022 at 23:30:31
Theres a lack of structure and planning, and after all the last 30 odd years of poor business management of the club, and last seasons escape.
I hope this isnt going any where soon, as the consortium, seem to have no alignment and credibility.
Which company or stake holder will control Everton, and how would this impact Frank Lampard and the squad?
Preseason start season on Monday with this festering pile, as last season, the quest to replace Carlo was on.
Sadly its become standard for EFC. In the EPL years, and beyond.
But hope eternal, for EFC.
105 Posted 01/07/2022 at 00:38:30
As if any of us can sit back and say, " I don't fancy this lot, or "they've got no real money" or theyre even supposed to be friends of Trump. There is bugger all we as supporters can do, other than carry on supporting our club, or not.
Moshiri has been castigated by a a number of fans on here. He certainly made mistakes, and in my view his biggest one was not shifting Kenwright from the Chair of the club. Probably his first mistake was listening to Kenwright in the first place. Then he made the big mistake on the football field by getting a world class footballer, but a lousy manager, in; who spent money like a spoilt kid at Christmas. I feel sorry for him, he's put £500 million into the club and began the dream that's now a reality of our stadium down by the docks. Sorry he's going but I don't blame him, for all the stick he's got, good luck to him. And I think one thing's for certain in an uncertain world. After Kenwright told the Sheik "not for sale, thank you" we would have gone down long ago.
I think the Yanks will be a lot more businesslike and it will be very interesting to see how much American interest there wil be in the naming rights or Bramley Moor. And seeing as The Peremier League is a massive seller in the states and going to get bigger, I think there'll be plenty of commercial interrest in our club.
Kenyon has been Chief Exec in 2 top clubs and I think our club will be run by businessmen. So the Board will have a number of proper businessmen running the club.
Some have posted that the "buyers" don't have much money of their own, well, as far as I've read in the reports, they will not be seeking any funds from elsewhere to buy the club.
So, it's a new future and one that might have uncertainty until we see what actions the new board take in the coming years. I don't usually drink; but I'll be having a bottle or two of Abbot Ale as soon as kenwright steps down from Chairman.
106 Posted 01/07/2022 at 07:57:44
I only care about how the club is run and what happens on the pitch.
What I will say, though is that the next time Levy comes a- calling, wanting get Pickford or Gordon or DCL on the cheap the new owner tells him to get off his arse and travel to L4 to dine at the Goodison Supper Bar.
Failing that why not redesign the badge to show the Toffee Lady, skirts up and bent over a barrel.
107 Posted 01/07/2022 at 08:07:15
108 Posted 01/07/2022 at 08:25:23
Well these five years we have had money but not spent it wisely culminating with the situation of us having to sell Richie for at least two of those reasons.
To me, the Chairman of the company, plus the Chief executive, are responsible for all aspects of running the club. I've not or seen any comment or action from either of our two major posts that would stop us ending up where we are. No other major club in the Country would put up with such amateurish behaviour.
Roll on the takeover and like you say Joe, lets have a board that are professional and to stop Alan's fear of a redesigned badge!
109 Posted 01/07/2022 at 08:39:27
110 Posted 01/07/2022 at 09:19:50
The only thing is that there is no mention of Thornton and his input. A lot of real estate riets are partnerships. Kaminski family maybe only a front. It seems there is a lot of unlimited liability secret backing to theractivities, the actual limited companies being the investment vehicles and holding involved in the risk end of the investment. In America risk. And failure are thought of differently. The money that is being put into the company that is taking over Everton seems to be from unlimited sources, individual investors. So that business could have a different profile than other Kaminski companies. But there is a lack of transparency and competitive bidding. . . Everton appear to be very much facilitating this takeover from the start.
Brian#109
If Kenyon really becomes Executive Chairman it really does change and will change the Skill level of the Management team. . But I won't believe Kenwright is gone until he is gone. If it does happen Moshiri has just decided to cut and run as fast as he can leaving Kenwright with no room for manoeuvre. If so, Moshiri really is a well intentioned Accountant who dappled in business management. I have a Accountant like that who's advice I would never follow regarding running a business. Maybe at last Kenwright has decided to step down and become a Club ambassador to remind us of the ' good times'. I do think that Kenyon contact was Kenwright in the Club and on past form I am very suspicious of Kenwrights motives and still am.
111 Posted 01/07/2022 at 10:44:27
112 Posted 01/07/2022 at 14:32:05
I would love to disagree with you, however, until Kenwright is actually gone and says so himself, he will be like a millstone hanging around our necks.
Kenwright is up to his old tricks: “Look at me negotiating the Richarlison transfer”. Glory hunting, again!!!
When have/did you ever see Levy conducting business in public, having a meal in a London restaurant with Kenwright?
I'll be the first to say I was wrong, but we haven't seen the back of Kenwright yet. He will be tied in, in some capacity, if the takeover occurs!
113 Posted 01/07/2022 at 15:16:39
I would tend to agree with you.
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1 Posted 29/06/2022 at 14:37:59