Kenyon-led takeover deal is 'dead'
The US-backed consortium looking to buy Farhad Moshiri out as Everton owner will not have its period of exclusivity extended and its bid to take the club over will reportedly not proceed any further.
According to The Times and the Liverpool Echo it is understood that Moshiri will be "moving on" from discussions with Peter Kenyon's group which included Minnesota-based real estate magnate Maciek Kaminski, his son Mikhail and gold mining baron John Thornton.
Paul Joyce indicates that Moshiri retains his commitment to delivering the club's new stadium at Bramley-Moore Dock and will still entertain advances from investors will to help fund the stadium, which is how the Kenyon discussions initially began.
Meanwhile, The Athletic report that the Blues' current owner has walked away from the talks with the American investors having "lost faith" in their ability to fund the buyout and cover the cost of Bramley-Moore Dock.
He now intends to focus on strengthening Frank Lampard's playing squad this summer following the sale of Richarlison to Tottenham Hotspur.
According to The Athletic, the Kaminski camp, however, remain keen on extending their period of exclusivity to undertake full due diligence of Everton's accounts.
That bolstered the claims of Liverpool Echo Journalist, Dave Powell, who passed on the Kaminski family's stance via Twitter, saying:
"I'm told by [the] Kaminski group that their position hasn't changed and that 'paperwork was exchanged overnight' with regards to exclusivity extension. [The] group say the situation hasn't changed despite reports to the contrary and that they remain 'the only show in town'."
If the deal is dead as suggested, the news comes just days after reports suggesting that both Kaminski had visited Merseyside and that and his son planned to be installed as directors on Everton's board while Kenyon was eyeing the role of Executive Chairman in place of Bill Kenwright.
While Kenyon's consortium was in talks with Moshiri, there have been reports, including today from The Athletic, of other interested parties, perhaps from the Middle East and the Far East, although there have been no concrete details.
Reader Comments (200)
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4 Posted 01/07/2022 at
Either the finances are worse than we think, or Bill has more influence than we would like to admit, but the wheel has truly fallen off somewhere.
5 Posted 01/07/2022 at
Either way, the season starts in 5 weeks with Laurel and Hardy still at the helm.
6 Posted 01/07/2022 at
We live in hope.
7 Posted 01/07/2022 at
8 Posted 01/07/2022 at
9 Posted 01/07/2022 at
One of them was close to that conspiracy-theory Breitbart nut job and the whole takeover looked more like a Burnley-style debt loading exercise than a sporting empire one.
10 Posted 01/07/2022 at
11 Posted 01/07/2022 at
12 Posted 01/07/2022 at
There was always a question mark about the guys in this consortium and their wealth and it will be interesting to see if anyone else shows interest now it is out there that Moshiri will sell for the right price.
13 Posted 01/07/2022 at
14 Posted 01/07/2022 at
15 Posted 01/07/2022 at
16 Posted 01/07/2022 at
Good grief, never a dull moment at EFC is there?
Anyone asked why?
After reading The Times article yesterday, I too think we have dodged a bullet. Perhaps the consortium are thinking the same though! I hope they haven't found a dirty stinking rat in our accounts.
17 Posted 01/07/2022 at
19 Posted 01/07/2022 at
My poor suffering dogs. I just wanted them to have a nice summer. Not one where I wake up at 3am and put the news on before we head out at 6am and they have to listen to the ramblings of a mad man.
If you are staying, Mr Moshiri, I can live with it as you have shown commitment despite your misjudgement. Put right what is wrong and get rid of the obvious. Change those who have failed you or sell.
20 Posted 01/07/2022 at
21 Posted 01/07/2022 at
22 Posted 01/07/2022 at
Absent big money, I still think there may be varying events around the future ownership of the stadium. I'm wrong, hopefully.
23 Posted 01/07/2022 at
Bring on the next idiot.
24 Posted 01/07/2022 at
The bullet that needs dodging is the continuation of Moshiri and Kenwright in charge.
26 Posted 01/07/2022 at
27 Posted 01/07/2022 at
More than a coincidence??
28 Posted 01/07/2022 at
May not be squeeky clean but hey hoe
30 Posted 01/07/2022 at
Maybe Bill gave them earache with tales of yesteryear with Elvis and boys pen stories from the museum or should it be mausoleum.
33 Posted 01/07/2022 at
38 Posted 01/07/2022 at
39 Posted 01/07/2022 at
Bring on some wealthy Qatari family please and let's really have a takeover
40 Posted 01/07/2022 at
If Moshiri doesn't sell he may find it difficult to raise the funds to finish the new stadium at Bramley-Moore Dock. But the more immediate hurdle is staving off relegation with a weakened squad and depending on freebies and loans.
42 Posted 01/07/2022 at
I knew Richarlison would leave but not to bloody Spurs and not for so little cash in relative terms.
I saw the possibility of a buy-out, but never really took it seriously and when Burnley? and Leeds stopped belly-aching about Everton's FFP meltdown, and Richarlison actually signed for Spurs, how predictable was it that the rumoured sale would fall too?
Is the stadium going ahead now that Moshiri has shown he's ready to relinquish his shares? Will Kenwright ever leave the board? Will fans continue to be passive to the way the club is and has been run for over 20 years?
See that Brands also said we were difficult to manage from his perspective although we are a beautful club with beautiful fans...
I've had enough of 'beauty' – I want hard-nosed business leaders with well-thought-out plans from people who know how to motivate and set objectives.
I now await the departure of Lampard and the arrival of a certain ginger-haired Scotsman to make it feel even more like 2002.
Despite my rantings above, this tweet from Dave Powell (Echo Business)
Latest on #EFC: I'm told by Kaminski group that their position hasn't changed and that 'paperwork was exchanged overnight' with regards to exclusivity extension. Group say the situation hasn't changed despite reports to the contrary and that they remain 'the only show in town'.
Although it is fair to say, he's out of the loop today because it's his day off and is probably not up to speed with Chris Beesley.
I sometimes intensely dislike being an Evertonian!
43 Posted 01/07/2022 at
I'm starting to hate this club.
44 Posted 01/07/2022 at
45 Posted 01/07/2022 at
Moshiri says deal is dead. Consortium says it's not.
46 Posted 01/07/2022 at
Next buyer, please.
47 Posted 01/07/2022 at
Moshiri, Kenwright and Barrett-Baxendale: the real Holy Trinity.
48 Posted 01/07/2022 at
49 Posted 01/07/2022 at
50 Posted 01/07/2022 at
52 Posted 01/07/2022 at
I hope the story is wrong, as the thought of Mr Showbiz running our club any longer is frightening! There's nothing in any other paper than the Red Jessie Echo and that appears to be quoting Paul Joyce. I suppose we'll find out sooner or later when and if a statement comes out from Mr Moshirin if my party's over.
It's like Hotel California with Mr Showbiz and his cronies.
53 Posted 01/07/2022 at
54 Posted 01/07/2022 at
I doubt that even with an exclusivity agreement that Moshiri is unaware of other interested groups, and would like to hear of what they will offer. There may be the possibility that this consortium were aware of who the other groups are and this is why they wanted exclusive rights.
Everything is just speculation.
55 Posted 01/07/2022 at
56 Posted 01/07/2022 at
I didn't like the smell of them anyway — Next?
57 Posted 01/07/2022 at
58 Posted 01/07/2022 at
It doesn't matter in reality what Kenyon's group say if Everton decided to pull the plug on any potential deal. I don't think we'll see a sale this year but perhaps, in a year or two, we can go through the whole charade again.
60 Posted 01/07/2022 at
Moshiri can still be the owner and appoint the correct people on the board to take us forward. Just like our fans played a huge part in bringing Lampard to the club and keeping the club up, now is the time for further protests to to get this message 'loud and clear' to the owner.
We need change and it has to be now.
61 Posted 01/07/2022 at
62 Posted 01/07/2022 at
63 Posted 01/07/2022 at
Some hard-nosed American businessmen with access (I would think) to further investment. The bonus being Kenwright would at last leave this club in peace, instead of pieces.
64 Posted 01/07/2022 at
Sounds a lot like the American election where big dog Donald still reckons he won!
65 Posted 01/07/2022 at
Then we hear the deck chairs have been moved on the coaching set-up with the same people just being given different job titles.
We now hear that the group led by Peter Kenyon in the takeover is off. Despite them saying they supplied paperwork for there to be an extension in talks. So we are left with an owner who wants to sell the club, and while hoping for some other person or group to come along and make an offer.
After a disastrous season, the last thing we needed was more uncertainty as to who will be our new owners and it's looking increasingly it will be after this transfer window closes.
How much this will impinge on Lampard's plans, I have no idea, as he would have preferred for a decision to be made so he knows who his new boss will be going into a new season. You wonder if this indecision is making other players consider if it's worth staying at this club.
66 Posted 01/07/2022 at
67 Posted 01/07/2022 at
68 Posted 01/07/2022 at
The Liverpool Echo is saying a spokesman for Moshiri has said the deal is dead.
69 Posted 01/07/2022 at
71 Posted 01/07/2022 at
72 Posted 01/07/2022 at
73 Posted 01/07/2022 at
One used football club.
Several not very careful owners.
No MOT
74 Posted 01/07/2022 at
“We don't recognise these stories or where they are coming from.
Paperwork was exchanged last night around an extension of the exclusivity period (which otherwise due to run out end of last night), and to the Consortium nothing has changed.â€
Source EFC Daily Twitter Account76 Posted 01/07/2022 at
77 Posted 01/07/2022 at
Words fail me. This is a suicide in slow motion.
78 Posted 01/07/2022 at
79 Posted 01/07/2022 at
80 Posted 01/07/2022 at
But I have seen a quote for The American group spokesman say they don't recognise where this (Moshiri reported ending of exclusivity) has come from, He states that further extension was agreed last night.
I suppose both parties will clarify the position in the very near future.
81 Posted 01/07/2022 at
I would sooner keep Moshiri as owner than the American lot. Better still, mega money from the UAE.
It's gone crazy, though, when you need billionaire owners to compete.
82 Posted 01/07/2022 at
Personally, I hope they're still ongoing. I think America is a vast market for the Premier League and I hope we become part of it.
Still, let's wait and see. I'm sure the situation will be clarified soon… mind you, this is Everton FC we're talking about!!
83 Posted 01/07/2022 at
84 Posted 01/07/2022 at
Gates, Bezos, Musk and OPEC could all make a joint, multi-trillion offer for the club but, if it means Kenwright loses control, forget it. Not going to happen.
85 Posted 01/07/2022 at
86 Posted 01/07/2022 at
We have heard the deal is off before the bidders have! Moshiri is an A1 shithouse.
87 Posted 01/07/2022 at
88 Posted 01/07/2022 at
If it's off then it is no reflection on anyone other than it's up to Moshiri whether he accepts any bid which has been made and it's up to the others whether or not the terms are sufficiently acceptable.
It would be entirely improper for this to be conducted in the press and, if Heads of Terms have been signed, then I would expect a confidentiality agreement to also be in place.
There is clearly some confusion as to whether it is still a possibility and it sounds to me as if it may just be that the extension period has been requested and someone who is speaking to a journalist or agent is unaware and thinks it has expired.
All will no doubt be revealed over the weekend.
89 Posted 01/07/2022 at
I love Farhad's commitment to Everton and believe he will learn from previous mistakes.
90 Posted 01/07/2022 at
That confidence will have been conveyed subtly to those in charge of our club, who will have decided “Let's have a chat with other peopleâ€.
That's not to say that any outcome will be better for Everton FC and its supporters. But it may be for its shareholders.
91 Posted 01/07/2022 at
What I do know is that the last thing a nearly relegated club needs is to have to sell their best player due to being in a financial straight jacket and to be in a state of flux with regards to ownership a few weeks before the season starts.
This isn't a good position. I'm getting worried already.
93 Posted 01/07/2022 at
94 Posted 01/07/2022 at
What an absolute twat this parasite is.
95 Posted 01/07/2022 at
It works at Man Utd because of the club's revenues. Maybe not with us? We need a rich Sugardaddy who sees it as a long-term investment and a short-term plaything to show his friends.
96 Posted 01/07/2022 at
97 Posted 01/07/2022 at
98 Posted 01/07/2022 at
At least Calvert-Lewin will be made up if that happens. :-)
99 Posted 01/07/2022 at
I think this was a consortium that had Kenwright as its contact, even its pronouncements had a Kenwright & Co PR speak about them. It was reported that Kenwright was meeting them in London, before Moshiri in Monaco.
I wonder if the 'dead' deal news was released by Moshiri's PR firm in London? It has all the hallmarks of a Kenwright & Co versus Moshiri & Co spat.
100 Posted 01/07/2022 at
And T K Maxx's slogan "Big Names for Less" probably fits our current selling strategy perfectly!
101 Posted 01/07/2022 at
I don't give two hoots about the stadium, just want us to get some players – otherwise, it's going to be another relegation battle.
A team worth going to watch.
102 Posted 01/07/2022 at
103 Posted 01/07/2022 at
We shouldn't lose sight of the fact that the Premier League is a valuable brand and Everton, despite being somewhat downcast, are still a very attractive asset. There will be other suitors with much better prospects.
104 Posted 01/07/2022 at
Can he hang on another 2 years to see the stadium built and a return to the top half of the Premier League?
If he can, a ٟbn+ sale will be easy game. If he can't, the wilderness awaits.
I want him and Bill out, but for now, I say “Go Moshiriâ€. No other choice.
105 Posted 01/07/2022 at
This is potentially worse than selling Richarlison. I hope it's not true or, if it is, Moshiri has another prospective investor lined up.
106 Posted 01/07/2022 at
I'm absolutely certain we will get sold, so let's see what tomorrow brings.
107 Posted 01/07/2022 at
Who has ever agreed on a price for a car the first time, and walked away and said "I can get a better deal somewhere else"?
It is not easy, selling a football club; look how long it took Chelsea, Newcastle, and even Derby.
Most of the supporters seem to want who has the most money but, in selling a football club the size of Everton, there are a lot of outside businesses and people involved that you are responsible for, so you would want to protect them.
It's a bad time to put the club up for sale, but surely taking the first offer is not a sensible idea if you believe you can improve it with another group of interested people.
We need to look at the future of Everton FC and not get a group in that are looking for a quick fix to improve their bottom line.
108 Posted 01/07/2022 at
I was blinded by the thought of finally getting rid of Kenwright.
Oh well, Richarlison's sale has kept the bailiffs at bay for now at least. Back to who are we going to sign….
109 Posted 01/07/2022 at
We only have to say the word.
110 Posted 01/07/2022 at
All this sort of uncertainty happened at the Villa and was the precursor to relegation. The stage is set for a repeat, it seems!
111 Posted 01/07/2022 at
112 Posted 01/07/2022 at
This could go on a while so let's not give Frank and those actually trying to turn this around a vibe of defeatism. We're going to get rid of Moshiri and we should make that common perception whether he remains for now or not.
113 Posted 01/07/2022 at
Richarlison has been sold just in time for FFP and Premier League demands, so no need to have a fire sale. Moshiri must be unwilling to waste any more money but we can now hope that a bigger entity intervenes.
Poor Frank must be wondering just what kind of recruits he will be shopping for as the pre-season looms.
You couldn't make this up!
114 Posted 01/07/2022 at
Only one man will lose... yes, I think that's true. If the club is sold, it's almost certain that will be the end of the Chairman's involvement, so if Moshiri stays in control, his trainset is intact and he will continue his running of the club.
Personally, I think Moshiri has listened to Kenwright and is following the model Kenwright originally wanted: investment – not control. Keeps the status quo but takes the pressure off. That's the worst possible outcome for the club. Absolute worst.
Absolute best for Kenwright, who couldn't give a monkey's about Moshiri's investment and, if new money is found, then he will use the next "investors" money.
As it stands, no reason has been given for the dead deal – is it because others are waiting in the wings? Is it because he has been talked out of selling by Kenwright? Or is it because the consortium wanted more control than Farhad and Bill wanted to give? (The latter especially!)
I think it's probably the latter but, in the end, it's all about the money with Moshiri, and control for Bill. No one has yet to say that Moshiri wants out completely, the true test will be if and when another consortium wants to chat. What will be the measures or his considerations?
115 Posted 01/07/2022 at
I pick up the same smell as you. Too many disreputable people with no apparent sporting or football club background. Why on earth would they be interested in buying Everton if it wasn't to line their pockets somehow?
The show doesn't seem to be over yet, however. Are talks continuing or not?
Mike Gaynes's description of the main men is pretty damming and he should know more than us. And what is Kenyon's role in all this? A well paid Judas goat leading us all to disaster?
I can't work it out, too Machiavellian for me. I just hope the supporters don't get screwed again.
116 Posted 01/07/2022 at
Now Donald buying our club would be brilliant!
117 Posted 01/07/2022 at
Such is the life of the average Evertonian.
118 Posted 01/07/2022 at
I'd be amazed if Lampard and his own crew had the slightest notion of the full financial predicament they'd inherit and have to work within.
Right now, I'd expect them to be considering their own positions – no doubt most of them staying on pending a big pay-off when sacked, with zero belief in progress though, given what's now visibly unfolding in the real hard world of football finance.
It's what we're known for, after all – world-wide.
And if anyone still assumes that Moshiri has any experience of running businesses, I'd point out that he's the accountant of a Russian slime-ball. His chief task was to therefore launder his money where it was hardest for any pro-rata authorities to recover it. Until Putin fucked it up, he was doing ever so fabulously well as a mere lackey.
Some might say he's still someone's West End lackey. I am now no longer permitted to comment on that though.
119 Posted 01/07/2022 at
ps: The real evil is levels above. Biden is just part of the distraction show. Many of their operatives are acting more openly though, for those that wish to see it.
120 Posted 02/07/2022 at
Deceit and contempt, I'll agree with. Stupidity and incompetence, no.
121 Posted 02/07/2022 at
122 Posted 01/07/2022 at
There must be an easier way to die than this. I am now scared that Luvvie Bill will get rid of Frank Lampard and replace him with Wayne Rooney!
123 Posted 01/07/2022 at
They where way ahead of themselves, announcing Director roles, a Executive Chairman and discussion with Kenwright going forward. Even giving a date for the Takeover All putting pressure on Moshiri to accept the takeover.
Then the Times story broke regarding Kamineki Finances and naturally they would have been investigating further and asking for comment from Moshiri via his PR firm. They got their answer the 'deal is dead'.
The Everton PR / Kenyon lead consortium are out of step with releasing contrary PR information on Extended Exclusivity agreement and positive moves going forward. I would say Bill is on the phone to Moshiri to try and salvage his plan.
I once was in the situation where it was announced on the Front page of a newspaper that the organisation I was involved in had bought a property , with a picture of the property.
I had attended a meeting the evening before and no such agreement was reached. The next meeting I said this and was presented with forged minutes that I had seconded a proposal to buy the property. Luckily they had put down subject to financial assessment, which had been the true outcome of the meeting. I pointed out this assessemet had not been carried out and therefore no agreement had been reached At the next meeting I was presented with a solicitors letter suing me , the Treasurer, for breach of agreement , by the seller , with a copy of the newspaper front page. I told those at the meeting to paper the wall with the letter. I managed to prevent the purchase of the ٟ. 5 million property, which was valved at 𧶀, 000 three months later, after the property crash. If the organisation had have bought the property they would have went bust
The undue haste and public pronouncement of this takeover, brought me back to that time.
124 Posted 02/07/2022 at
125 Posted 02/07/2022 at
However, whether he has or hasn't, send in the clowns!!!
This alleged takeover / buyout is heading full tilt into another embarrassing fiasco. Led by Kenwright again!
You couldn't make it up!
We are going nowhere all the time Kenwright has any influence in our once-revered elite top-flight club!!!
God help us if (and he will) Kenwright has any influence in our once-illustrious club!!!
126 Posted 02/07/2022 at
You're right, though, that the lethal ones are different. I've always thought this instructive from Monsieur Belloc:
"We sit by and watch the barbarian. We tolerate him in the long stretches of peace, we are not afraid. We are tickled by his irreverence; his comic inversion of our old certitudes and our fixed creed refreshes us; we laugh. But as we laugh we are watched by large and awful faces from beyond, and on these faces there are no smiles.â€
It's always the bad faith lying behind.
127 Posted 02/07/2022 at
128 Posted 02/07/2022 at
129 Posted 02/07/2022 at
I've never read that before - thanks.
It's always been so; always. The problem now, and it is a problem, is the sheer pervasive range, reach, control and exponential acceleration of things... and we won't be feeling tickled for long this time. Buckle up.
130 Posted 02/07/2022 at
Here we go again, I'm getting dizzy on the proverbial merry-go-round!!
131 Posted 02/07/2022 at
His idea of a "brilliant" owner for Everton is a bleached-blond bimbo who has declared bankruptcy six times...
...shuttered three Atlantic City casinos (I mean, how does anybody lose money on a casino???) while skimming his loans...
...and paid out $27 million in settlements for two fraud cases (Trump University and Trump Foundation), both of which he admitted in court papers.
And, oh yeah, he arranged for his daughter and son-in-law to work in the White House... where they banked half a billion dollars in four years.
Put that orange turd in charge and his warped kiddies will be running the club... and in a couple of years we'll be playing local derbies with Marine AFC. And losing them. (Marine is really good!)
132 Posted 02/07/2022 at
These American owners, and believe me the right American owners I'd be fully behind, just seem dodgy as fuck.
This is actually good news, I think. If Moshiri wants a buyer, find another.
133 Posted 02/07/2022 at
The problem is that the old mechanic who has worked on the car for years is demanding that he is the only person capable of fixing that car and must remain. Well, something like this anyway!
I guess we can always go looking for that guy who lived in a flat somewhere that was interested in buying us a few years ago.
134 Posted 02/07/2022 at
We're still just where we were – no worse* off - *for a rather high value of worse.
Yeah Richarlison has gone, but the banks and FPP are okay with us – for now.
Let's see if all this flushes out any more bidders.
135 Posted 02/07/2022 at
Let's hope more lessons learnt but, for me, this was akin to a Michael Knighton bid for Man Utd in 1989.
Bullshit Bingo in finance and P&L is always close to EFC for many years but, if true, hopefully the EFC Board will discover EFC and what it means.
Grin and bear it.
UTFT!
136 Posted 02/07/2022 at
"Trump did win" just like Gomes is a better midfielder than Lampard ever was. Unfuckingbelievable.
137 Posted 02/07/2022 at
138 Posted 02/07/2022 at
The biggest concern is that the team needs strengthening and we still have to lose some expensive deadwood if possible; otherwise, we are going to start the season with the very same negative effect that was evident at the beginning of last season's disastrous campaign.
139 Posted 02/07/2022 at
We have a young and vibrant manager, who is well-liked and respected by the majority of supporters. Without doubt, we have the most loyal supporters in the country.
Despite some moans from posters, Frank has a decent team – being able to field a nearly full team of international players, with a cluster of young, skilful wannabes waiting in the wings. I could go on…
So why is the Club in such a shambolic state? The finger has to be pointed at top management. For over 30 years, at least 3 owners and their pals have dragged our proud reputation down whilst lining their own pockets.
And the answer? Clearly Moshiri has to get rid of Kenwright and the Board, replacing them with people who know the game and want Everton to succeed – or – sell! There must be people, or groups, with money and are football-wise, who can see the potential in our great Club.
140 Posted 02/07/2022 at
Perfect storm because Frank is still trying to establish himself so I doubt he will ask too many questions or maybe he doesn't know what's under his nose. As you pointed out. So sad another generation of Blues getting laughed at.
141 Posted 02/07/2022 at
142 Posted 02/07/2022 at
That's it, Bernie. If the owner wants to stay, then show intent and get rid of the people who have taken him for a ride and wasted his money. Put people in place who can actually run a business and football club on his behalf.
Or sell.
143 Posted 02/07/2022 at
144 Posted 02/07/2022 at
**needed to. Past tense. He let the Chairman convince him that he had his back, when really he had his own as long as he kept hold of his train set.
145 Posted 02/07/2022 at
I'm not really bothered if he's signed or not but it's just another sign of the chaos at Goodison. Is anyone currently in control?
Bernie 139, one word - Kenwright.
146 Posted 02/07/2022 at
It will be the same with respect to any prospective takeover... when, for how much and to whom... will all be decided by Moshiri.
The idea that the 2% tail will wag the dog is ludicrous. Blue Bill will play no significant part.
147 Posted 02/07/2022 at
I agree though, there does not seem to be anyone "in charge" of our great club. We are an utter embarrassment. For this reason, I do believe we need new ownership. It would see off Bill.
I am grateful for Moshiri's investment but the guy is beyond incompetent. I hope he's done some serious reflecting lately, if he can command 𧺬M for this club and walk away, he is a lucky boy because he nearly screwed it all up so badly we may never have recovered.
148 Posted 02/07/2022 at
149 Posted 02/07/2022 at
His lackeys inside Goodison won't be able to do a thing to prevent Moshiri selling (whilst anxiously awaiting the domino effect of a failed regime) and when this happens, all Bill Kenwright's great thought-out plans about presenting a grand new stadium to Evertonians with him being portrayed as the messiah will hopefully go up in smoke.
That's my second wish, with my first wish obviously being, that Moshiri finally gets something right before he departs.
150 Posted 02/07/2022 at
Deal ends.
Not complicated.
151 Posted 02/07/2022 at
Stop sitting on the fence. If you don't like the orange man, just come out and say so, instead of confusing us with the facts!!
152 Posted 02/07/2022 at
Of course I'm correct... have you ever known me to be wrong? 🤣
Seriously, Blue Bill only survived last time because he held a significant shareholding, Moshiri felt Bill would enable him to be an "absentee landlord" and to be fair a friendship had developed between the two.
It's significantly different now and there's no way Blue Bill will escape the tsunami of a further takeover.
Keep the faith –and don't be deflected by the histrionics of other false prophets on these threads!
153 Posted 02/07/2022 at
But the loss of several squad players and Richarlison leaves the squad very lightweight in terms of numbers.
Mentality wise, let's hope the belief of the last 3 months of last season was stored for this season.
Let's hope Frank is supported by his board in the right way, as Everton do need some recruits ASAP, to have a chance to gel with the rest of the squad.
154 Posted 02/07/2022 at
155 Posted 02/07/2022 at
156 Posted 02/07/2022 at
Just who would want to invest in a loss-making club like Everton and have to be subservient to Moshiri and Uncle Bill? God only knows... so they will just muddle along until the debt becomes unserviceable or the new stadium project at Bramley-Moore Dock is abandoned!
Of course, relegation would see the sale price collapse and a change of owner their only way out.
157 Posted 02/07/2022 at
As for the Premier League suitability test, prospective owners will be presented by Kenwright & Co. It is not what you own, it is what you control is important. Kenwright is not without influence and will use it. Any prospective takeover parties will be talking to him.
158 Posted 02/07/2022 at
Now let's see some real players come out to play.
159 Posted 02/07/2022 at
Maybe the plan was for one of Usmanov's companies to stump up the money if other avenues closed but that can't happen now, so where do we go from here, Moshiri? Don't you think it's time you told the fans the truth over what's going on, or at least tell Jim White so he can tell us.
160 Posted 02/07/2022 at
Having said that, the scenes of our fans near the end of the season made me realise what the club means to me and the thousands. Fuckin' disgraceful I should even have that mindset but there you go.
Couldn't we alter our "We hate Bill Shankly" song for a different surname? Oh and if it's true he still has a vice-like grip and everything goes through him, I'd say the same next season until we get our club back.,
161 Posted 02/07/2022 at
Seriously, this club is running itself into the ground, it wouldn't even shock me if in five more years we don't exist.
How can you have so many moronic fools working at the club all at once?
162 Posted 02/07/2022 at
Both of your posts are both good posts and both have the grubby hands of Sir Bill all over them.
Still no official statement from Mr Moshiri's camp as far as I can see. If I've read the reports right (or rememebered them right, more like!) hasn't Kaminski been over to meet Moshiri and look at the site of our new ground?
There's lots of speculation and no wonder, with one party saying papers have been agreed and signed; and then the "sources close to Moshiri" saying it's off; but I have seen no written or recorded statement to say so.
I'd love the Yanks to take over and we get a board of people who know how to run a business running our club. And, above all, get rid of the leech who has led our club to this.
Mr Moshiri has come in for a lot of criticism, but I think if he has done anything worthy of criticism, it's falling for Bullshit Bill's patter. I think he realised, late into the game what a situation he found himself in, and tried to do something about it too late.
Anyway, where we are today is unsettling to us but what is it doing to the Manager, DoF and all the staff? Furthermore, what is it doing to our recruitment action and the players that the manager wants rid of?
Until a statement comes out, one way or another, I see the situation as one of instability for all the staff and us trying to make sense of what's going on. One thing is certain... uncertainty drives away players, potential parties interested in investment, partnerships takeovers... and is driving most of us up the wall!
163 Posted 02/07/2022 at
164 Posted 02/07/2022 at
That's tantamount to wanting Everton to lose games... well beyond the pale for me.
165 Posted 02/07/2022 at
I mean, let's remember how long this has been in the planning. And he is supposed to be an accountant, laughable.
166 Posted 02/07/2022 at
I just hope that the sale of Everton doesn't prevent Lampard from making a few essential signings immediately so they can be slotted in before the new season starts.
Paul K @116 - your new tin foil MAGA hat seems to be working perfectly in tuning you into the alternative reality of Trumpworld. I'm sure the return of wanabee dictator Donald would be hugely welcomed by his chums, 'genius' Putin and Kim Jong Un, as well as your good self.
167 Posted 02/07/2022 at
Whether that has any bearing on partnership or takover moves, that Mr Moshiri is reputedly after, we are now in a situation of uncertainty.
In my view, unless our manager and DoF are able to go ahead with their plans, we are going to have a "very interesting season ahead!"
168 Posted 02/07/2022 at
Be interesting to do a FOI into LCC and understand what's the plans moving forward beyond phase one of the new stadium at Bramley-Moore Dock. Forward-thinking PR right now from LCC could really open investment ideas and opportunities. Not just for the city but for us too. That's win-win, full stop.
169 Posted 02/07/2022 at
Let's be honest, none of us knows what goes on at board meetings. Moshiri is the owner so he ultimately gives the okay, but then you have 'the elephant in the room' — Usmanov. Does he make the decisions for Moshiri?
170 Posted 02/07/2022 at
The stadium will be built and is the reason why we have interested parties looking to purchase the club. Hopefully the sale will be completed sooner than later.
171 Posted 02/07/2022 at
172 Posted 02/07/2022 at
I'm not biting...
173 Posted 02/07/2022 at
174 Posted 02/07/2022 at
We are looking at the purchase of a large majority shareholding owned by Moshiri. Bill has less than 2%. The approach has to be to the majority shareholder as it is he who owns the controlliñg shareholding.
I know he has made some very odd decisions, but bearing in mind his enormous losses to date, there is no way Moshiri will entrust anyone but himself and his top advisors, ie. Deloitte, to negotiate a price for his shares. He is trying to recoup the best part of 𧺬M and is not likely to ask Bill to take responsibility.
It is quite possible that the Russian is heavily involved and, if Bill was really told to be quiet in the meeting to appoint Rafa, then he is hardly likely to get a sniff of the action in this deal.
175 Posted 02/07/2022 at
176 Posted 02/07/2022 at
177 Posted 02/07/2022 at
Anyway, I'll let Tony and Danny etc take the baton on that as I don't want a second yellow on here. Keep the faith, God bless Pep.
178 Posted 02/07/2022 at
As for further development, I understand that Peel Holdings want to develop the waterfront at Birkenhead, as well as the North end of our docks. I think it's imperative that the stadium is built, for that development to be completed.
So there's massive funding at the North end of Liverpool docks just waiting for the stadium to be built. Whether Mr Usmanov can invest, in any way, would not seem likely. But Mr Moshiri could do so and seek partners to invest with him.
179 Posted 02/07/2022 at
I've been weighed down by the same man, over many, many years, but hopefully none of his preservatives can do anything to help him now, especially because they must all be getting quite worried about the domino effect that might just be around the corner…
180 Posted 02/07/2022 at
181 Posted 02/07/2022 at
182 Posted 02/07/2022 at
It comes with the territory. We are tortured as much as we are privileged.
Brian, not over the top, just an outpour of frustration and emotion. Keep it coming. You are one of the most passionate Evertonians I've met. I can still see you in your Toffegirl t-shirt wrapping your silk scarf around your neck and almost hyperventilating before you left the Winslow to take your seat for the Palace match.
That young lad and his dad from Gloucester probably thought we were mad. Maybe we are, but now he is too the poor kid!!
It's going to be a long Everton summer. We all get a pass to vent and stress in my opinion.
None of us ever want Everton to lose.
But there are 30 years of frustration built up in those who have seen and expect better. Never let that go. Ever.
See you on 6th August.
Forever.
183 Posted 02/07/2022 at
If true, Bill continues to remain deluded.
184 Posted 02/07/2022 at
Face reality, folks, where there is real money, then crime and corruption is not very far away. Football is money for these potential owners. We have no say in what happens either, so we can't pick and choose, we can only hope that it works out.
Everton's only attraction to wannabe buyers is probably the stadium and subsequent development of the surrounding area and sadly not putting trophies in our cabinet.
Look how well we have done with the world's best Evertonian in charge for so long.
185 Posted 02/07/2022 at
The Premier League, the Football League and Uefa have separate Profit and Sustainability rules. In the case of Uefa, they are known as Financial Fair Play (FFP) Rules.
Everton are currently only dealing with the Premier League Profit and Sustainability Rules, which they have come to an agreement with, having found the Premier League accepting of their situation.
If Everton had have got relegated, they would have lost substantial income, which would have further worsened their financial situation and been subject to the Football League's Profit and Sustainability Rules, which appear to be rigorously enforced, eg, Derby County. Financially, it would have been a disaster for Everton.
I know where you are coming from, I actually thought that it would have been better that Everton had been relegated rather than beating Wimbledon all those years ago and posted it 5 years ago on this site, only to have John MacFarlane Senior explain the folly of such a opinion. He was right and that is even more the case now.
As Evertonians, it is easy to get frustrated and shout off with your heads.
186 Posted 02/07/2022 at
All the while assuring that he is still committed to the club. It seems a level of nous that he's never shown before in his football dealings with our club.
187 Posted 02/07/2022 at
Personally, I'm pretty happy this has fallen through, something seemed dodgy to me. Let's hope there is someone else with more money waiting in the wings now that FFP sanctions appear to have been avoided.
188 Posted 02/07/2022 at
We really are a can of worms right now and I just hope that Moshiri's financial success reflects the requisite steel to make all this work out all right for us.
189 Posted 02/07/2022 at
Kenwright has officially reached "Boogeyman" status on ToffeeWeb.
I'm all for Kenwright out of the club and have said so for a lot of years. But this is getting ridiculous.
Moshiri – and Moshiri alone – will decide on if he's selling up and who to.
190 Posted 02/07/2022 at
He will be fucked if Kenyon walks away and no-one else steps forward. Then Kenyon returns and low balls him. "The Chairman's Gambit".
191 Posted 02/07/2022 at
I agree that Chairman Bill has become the 'bogeyman' of Everton FC but his actions over the course of 20-plus years have led to that status – he's above every single LFC player who has put us to the sword in the last 50 years.
It wasn't on TW that I read that part of the potential deal included Chairman Bill retaining his position at Goodison Park – it was reported elsewhere. I suspect whichever of Kenyon's party spouted off against the current board members, scuppered any chance of making a deal.
I do agree that Moshiri has done more financial damage than Bill has ever done, but only because he had more cash to splurge than Bill ever did.
Marcel Brands opens up on how Farhad Moshiri made things 'difficult' at Everton
192 Posted 02/07/2022 at
Reading about him, he is as hard as nails about valuations so that's where it would likely fall down. Business acumen-wise and financial power-wise, he would be a different league to the previous consortium. He'd have us organised, well run and money spent wisely.
Unlikely I know, but there are some tenuous lines of logic that say he could explore the opportunity.
193 Posted 02/07/2022 at
It would be nice. The players would not be happy he may have them cycling across Yorkshire Moors with a follow-up of a few steep hill climbs. One of the richest men in the UK. We should be so lucky.
194 Posted 02/07/2022 at
Do you have a shred of evidence that Kenwright has any bearing in any of this?
If not, you're just throwing shit at the wall.
195 Posted 02/07/2022 at
196 Posted 02/07/2022 at
"Just think how much more you will get, once the stadium is built! Me and you, Moshiri, me and you. Let the good times roll again, oh I do love my train set, toot toot!!"
Said it before and will say it again, the guy will still be here, until he gets to cut the ribbon for the new stadium at Bramley-Moore Dock.
197 Posted 02/07/2022 at
I am at Goodison in spirit with Danny watching us beat Chelsea, and hearing Christine screaming as Calvert-Lewin bangs the goals in. But what are the chances of that, I wonder?
198 Posted 02/07/2022 at
Not quite how Brands – who actually worked for the club – portrays it.
199 Posted 02/07/2022 at
Well unless you're going in for the full "Manchester City" brain transplant... you're just going to have to suffer along with the rest of us.
Hope all goes well. Let us know!
200 Posted 02/07/2022 at
He might not have knowledge about football, but he has certainly dipped his hands into his pocket in the tune of over 𧹈 Million on players, even buying shares to offset our FFP limits.
While the blood-sucking leech has not spent one penny of his own money, in over 20 years of sitting in the Chairman's seat, and has the barefaced cheek to say we have had some good times.
He might have had some good times, but I certainly have not.
Yet he still continues to be our Chairman – is that Moshiri's fault? Yes – for being hoodwinked by the guy.
I will finish with two words:
Kenwright Out!
201 Posted 02/07/2022 at
Jerome #123,
So when they forged the minutes about selling/buying the property "Luckily they had put down subject to financial assessment, which had been the true outcome of the meeting."
So they basically reflected what actually had been agreed?
202 Posted 02/07/2022 at
No need to go back 25 years. If you took over a club 7/8 years ago and made no improvement... would you not look in the mirror?
203 Posted 03/07/2022 at
Nev Southall and Tim Cahill led a consortium of Blue-Bloods and bought the Club. Nev and Tim become joint Chairman and Danny O'Neill is DoF, whilst Christine Foster becomes Advisory Director, working from home.
Luvvie Bill is shown the exit door, but in recognition of his Everton connection, a small section of the new stadium is set aside to be named 'Kenwright's Childrens Pen' (no sexism here).
The Club's Trophy Cupboard will display one silver cup – The Liverpool Senior Cup - (Sorry, Danny, but we will never win the other one!)
Then the medication wore off and I woke up to reality -- I had a dream...
204 Posted 03/07/2022 at
205 Posted 03/07/2022 at
206 Posted 03/07/2022 at
One of these guys is in real estate so all his assets are tied up in bricks and mortar with no cash.
207 Posted 03/07/2022 at
Funny how the deal became dead in the water as soon as Richarlison was sold, isn't it...?!
208 Posted 03/07/2022 at
209 Posted 03/07/2022 at
Abramovich would have actually made a profit selling Chelsea if the cost of the club recently sold is believed to be accurate – ١ billion isn't it? He lost his money supporting Putin not Chelsea.
Mark @207
Sorry mate, but that has to be one of the silliest ideas I've read on here for a while. So Kenyon and his team were just pretending to be interested to help Everton bury bad news????
210 Posted 03/07/2022 at
If it is about owners making money out of Premier League clubs, why aren't there more sales?
Saudi investing in Newcastle is to raise their profile. Glaziers could sell Manchester United for a lot of money, doubling the price Chelsea was sold for.
Abramvoich did not want Chelsea sold but was forced to, and the proceeds given to charity. I believe the UK government set the valuation, which was met.
211 Posted 03/07/2022 at
I am aware of all of the above... But you said Abramovich lost ٟ billion to prove a point without mentioning the small elephant in the room of his Russian friends.
Come on, if Abramovich woke up a year ago and thought "I will sell up", would he have lost ٟ billion?
Keep the 2 conversations separate and answer the question honestly. Remember, Abramovich bought Chelsea for something like 𧵎 million – please correct me.
212 Posted 05/07/2022 at
“As a general principle, we prefer to conduct our business in private to create the fairest environment for those involved – and in this particular situation, to minimize uncertainty for fans of Everton.
“It is regrettable that this has not been possible.
“We respectfully remain interested in acquiring the club as we believe its fans deserve nothing less than the best, and our offer to achieve this stands.
“However, in consideration of all Everton fans, we will not be making further public comments at this time.â€
Sounds like a painful statement to have to make under the circumstances. Trying to fit in with an appeal to the fans and "nothing less than the best" but that final line is so Everton FC of old, it stinks!
214 Posted 05/07/2022 at
I'm going for the angle that they are still interested and want to make the move but are firing a warning shot across the bows for our amateurs to act more professional in their negotiations and dealings.
Seems like this could still be on.
215 Posted 05/07/2022 at
216 Posted 05/07/2022 at
Kaminski might be the lowest-profile billionaire on the planet -- even his hometown business community knows little about him personally -- and Thornton would certainly want to keep his Trump/China/human rights parlay on the down-low as much as possible.
I'd certainly like to know who those other two groups are.
217 Posted 05/07/2022 at
But that he's any influence on Moshiri selling or not is laughable.
Now the subject of Kenwright remaining as Chairman as part of any Moshiri sell-up or even Moshiri's purchase of the Club, is equally laughable, even if it was actually written into or be to be written into the sale agreement.
In ToffeeWeb terms, this is almost taken as fact, plain truth, even though none of us have any idea why Bill is still Chairman.
My take is and has been simply that Moshiri is press-shy and Bill loves a camera pointed at him. It suits Moshiri to have it that way, so it is. Nothing more.
But back to this "in the contract requirement" that Kenwright be retained as Chairman, let's say (which I don't believe, mind) that his retention in place is written into the contract or no deal. OK.
The Flynn/Hesketh Group buys 70% of Moshiri's shares and accept as part of the deal not only financing to complete the new stadium, but also that William Kenwright will be retained as Club Chairman.
I's dotted, T's crossed, deal approved by the league. Everything settled.
A month later, we tell Kenwright he's out.
"Bill, James and I have gone thru everything we feel we need to get Everton back up the league challenging again and we don't really see a job for you in it. We'd like to announce your retirement with all appropriate ceremonies and flourishes. But for what we're about to do with the Club,we won't need you."
What exactly could Kenwright do about it? Get a lawyer? Well, his retention as Chairman IS written into the purchase contract (Which again, I don't believe is the current case or would be a deal-breaker in a future one). I guess he might sue in that case.
Go to the Press? Sling mud? I'd offer that he hasn't gotten this far in a successful life by being an idiot. Lots of mud could be slung back at him. After all, Hesketh and Flynn didn't get this far being idiots either. They've SEEN the books, remember.
But practically speaking, no matter what course Kenwright took, he'd still be out.
He wants to keep his hand in? Fair enough and no problem. When James and Barry reopen the AGMs, old Bill can attend and sit with all the other Evertonians hold a few shares. No hard feelings from our end.
Maybe boogeyman isn't the right description. Perhaps totem is more appropriate. Kenwright's come, with some justification, to symbolize everything wrong with Everton.
But Moshiri wants to sell all or the bulk of his shares, Kenwright staying or going won't mean a thing to him.
218 Posted 06/07/2022 at
The last 2 years have made me deeply cynical about absolutely everything, I'm afraid! I believe nothing I read anymore and question the real meaning or hidden motivation behind everything...
Plus, you know, Everton do have a bit of a history with conveniently timed stories leaked to the media just when things are looking grim on the football, transfer, investment, stadium etc front...
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1 Posted 01/07/2022 at