Shareholders Association demand an end to takeover 'farce'

A great club with great supporters run by imbeciles and morons whose only interest is self-interest.

A considered statement being honest and truthful and embracing the Shareholders Association concerns would be the correct approach, or else it's silence and two fingers in the continuing disrespect of our club to the shareholders and the fans.

This club is stuck and sinking. It really is a summer of reckoning, when the focus should be on creating a team capable of improving on this season.

Moshiri is the king and will do as he pleases under the current model.

The rot has got to stop this summer.

For the future of Everton FC, Moshiri must admit publicly he got his new ownership plan wrong.

The likelihood of him admitting this mistake, remains to be seen. I doubt he will.

However, I know that beggars can't be choosers, but I would not like an American buyer. All the evidence on US owners is that they strip the club of assets. Glazers have done it at Man Utd. Liverpool owners have chipped away at their assets.

I also hear that the Chelsea owner has just sold the 2 London hotels owned by the club (they think to comply with FFP?). But they have been bought by another company owned by Bohley? So it seems to be the business practice of the US owners across the board.

Can't we try to crowd fund buying the club ourselves??? 🤔😅

They might have to be clever in arranging that without triggering administration which will lead to a 9-point deduction.

Bohley has poured large amounts of money into Chelsea. That is not "asset stripping".

You could say that Kenwright was the asset stripper, mortgaging Goodison Park and selling Finch Farm.

A noble but fruitless gesture unfortunately.

Moshiri and 777 out!!!

"All the evidence on US owners is that they strip the club of assets."

Malarkey.

Yeah, the Glazers have used Man Utd as a cash cow, but Liverpool and Chelsea have had money poured into them by American owners.

Arsenal's "hated" Yank owner may yet still lift the league trophy over the entire national treasury of the UAE.

Villa has gone from the Championship to the Champions League. US-owned Fulham, Palace and Bournemouth are thriving financially and surviving well on the pitch.

Ipswich got new Yank ownership and rose from the depths with two straight promotions. And even little Burnley, which can't muster the muscle to stay in the Premier League, is an exceptionally well-run and financially stable club.

Better yet, hop on the train from Lime Street over to Wrexham and ask them how they feel about Yank ownership.

There has to be multiple people interested in buying a well established Premier League club??! Surely? Please … 🥹

I'd take any of the owners you refer to over Bill the Grifter or our current weasel

Talking to a few Fulham supporters on the way home from the away match in January, they are angry at their club charging £3,000 for a season ticket in a section of their new stand, the most expensive in the league, surpassing Arsenal, Tottenham and Chelsea.

I don't care where the the owners come from. Having visited 30 of the 50 US states, both personally and professionally and worked for US (Texas) companies, I am comfortable with US owners. They would run it like a business.

Likely that Moshiri has no say in who Usmanov decides to sell to.

The oligarch just wants anything he can get for the club and doesn't care who he takes it from.

Obviously no white night waiting to ride in.

His goffer has to keep his mouth shut otherwise risks falling out of a window in Monaco.

Corrupt Oligarch and a thick-as-shit accountant who were led a merry dance by the most corrupt of them all at the club.

What would Bill do???

You can give all the facts you like but everyone knows nice European owners would be better.

Kenwright brought us decades of mediocrity and Moshiri brings us to ruin in less than a decade.

Yes I agree it's a noble but irrelevant gesture that will be ignored by Moshiri.

According to the club website, there are 6,219 of us small shareholders and together we own 4.6% of the club.

Technically you could put Everton in there as Moshiri is a dual passport holder and holds British citizenship.

Most are owned or part owned by non-UK owners.

Why the silence from them? Is there something that we don't know?

My Burnley supporting mate might take exception to your assertion that Burnley is a well run, financially stable club. The American owners used the £40M+ cash that Burnley had in cash reserves and used it to effectively leverage purchase the club.

Added to a very poor incoming transfer policy with links a very dubious recruitment agency, the club is probably going to have to sell its most prized assets when it returns to the Championship. He reckons administration could be on the cards in the longer term and as he worked for the Insolvency Service, I'm inclined to believe him.

As far as he is concerned, he sold Everton last September to 777 Partners; the fact that the Premier League won't ratify the deal is out of his hands.

Minority shareholders are of little concern to Usmanov and Moshiri will do what he is told to do by his boss. I guess somewhere in the murky world they infest, Usmanov will somehow be shoring up 777 Partners who have so far pumped £200M into the club.

We have seen the Arsenal fans protest at Kronke's ownership, although they have gone quiet about that since Arteta has them riding high. The Man Utd fans still want shut of the Glazers. Seems Mike Gaynes has forgotten what Hicks and Gillett did at Liverpool…

So there is 3 clubs with American owners who the fans weren't happy with. Also, I don't think Chelsea fans are over the moon about Todd Bohely.

I will say that FSG have done a good job with our neighbours, but by-and-large, American owners in British football have a poor record. You can also throw in Randy Lerner at Villa.

I'm in Mike Gaynes's corner on this particular discussion. However, as I have said on another thread, unless Teneo delivers a successful restructure of EFC creditors, any buyer, from whatever part of the world, will have to negotiate with the administrator.

"Demand".

Hardly the words to inspire somebody to step closer to you and co-operate. More likely to alienate them and move them further away from you.

As for the Shareholder Association's press release, it will make as much difference as a dog barking at the moon. Maybe the dog feels better for so doing.

I have one (conspiracy) theory to add, and it assumes we ignore the other conspiracy theory of Usmanov funding 777. It revolves around the topic of seniority of debt, in particular Moshiri's versus 777's.

Is it possible that administration offers Moshiri a better chance of recouping more of his money than a sale? There is a stadium to sell, as well as Goodison and some other property assets, then a small collection of reasonably high value players and finally, a club- admittedly a shell of a club- with EPL membership and the TV revenues that flow from that. Enough to pay off most or all of MSP, R&M and still leave some for Moshiri? After all, he won't care what he leaves behind.

If I understand it correctly, we face a 9 point penalty if we enter administration before the end of the season, to be applied immediately. Is it possible that Moshiri is waiting to see if we would stay in the EPL even with a 9 point penalty (which on balance looks probable) and so is continuing the pretence that 777 remain viable bidders for at least a couple of weeks? Beyond that point, his responsibility as a director not to trade insolvently surely hoves into view.

It might be the only negotiating gambit he has left...

1. Later this week, the EPL / FCA / someone owed for the Big Mac DCL ordered a debt will go unpaid. At this point Everton descends into Administration.
2. 9 points are knocked off and Everton ends up right back in the relegation mire, 2 points ahead of Luton.
3. Everton draw with with Sheffield United at home. Luton win against a demoralised West Ham with a rather resentful, by demob-happy David Moyes. Just for fun, let's suppose Citeh draw with Spurs.
4. Everton and Luton clubs go in to the last day of the season with 29 points. Arsenal and ManCity go into the last day of the season with 86 points having both won their penultimate matches.

5. Everton have to go to Arsenal who will win the Premiership with a home win, on goal difference. Luton are at home to Fulham who couldn't care less.

I really really don't want to have to sit through that afternoon.

What if on appeal we win our 2 points back and go into admin with a 9-pointdeduction? That will leave us 4 points ahead of Luton in your last-day scenario.

So there you go — two positive things to think about!

It also continues to highlight the resistance to 777 Partners in the public arena where, through the media, the Shareholders Association's letter has been widely reported and aired.

I'm still of the opinion that MSP are key. They obviously can't or won't take control themselves, but they can be king-makers, and they can lead us to the right new owners.

I hope they are picking their moment, their debt entitlement is as reported, and they can see a way through this mess.

We were in trouble as soon as Usmanov was forced to leave the scene.

It's gained traction, and given that nobody within the club has the ability or guts to say anything, any voice that demands a resolution is worthwhile.

Link

On the other hand, if Everton beat Sheffield Utd and Luton loose or draw to Fulham, then we are safe from relegation even if we go into administration. Glass half-full.

Also, the 9 points being mooted is, as far as I know, a starting point. They can and likely will add more given they have previously handed out a 9-point deduction to Portsmouth and can point to that as a reason to add more.

If we go into administration before that it applies to this season. If it is after that date it applies to next season.

No mention of any scope to increase it.

I haven't spotted anything saying when it would be applied, ie, could it be applied next season?

Whether that will be good or bad depends on your outlook I suppose!

More likely is the sound of a can being kicked down the road again.

Ray #25, thanks for that inside info. I read about the original LBO, and opinions will vary about a relegated club, especially because Burnley's owners aren't super-wealthy themselves. But they've brought in good outside investors (ie, Kealia and JJ Watt) and a high-profile manager who got them promoted into the Premier League a year ago with no standout talent.

As for selling those "prized assets"... um, which ones would those be, according to your friend? Berge? Foster? Jay Rodriguez? There's nobody they can't afford to lose.

Brian #26, no, I haven't forgotten any of those examples. My point is that the sweeping dismissal of US owners is simply wrong. Way more good ones than bad ones.

Danny #16, "running it like a business" is what many traditional footy fans dread. Like the Fulham fans you spoke with, they will experience higher ticket prices and the loss of some of their cherished game-day traditions. It's just the nature of modern sports business. But I can understand the resentment.

"sell his 94.1% stake".

Moshiri is in charge.

Most, if not all, of the Premier League clubs have sold their souls.

Good on those American actors who have given the people of Wrexham some real hope and some ‘genuine good times!'

Only if the major shareholder votes along with all the tiny minority shareholders.

AKA turkeys voting for Christmas.