I'm a bit of a dreamer, I imagine myself winning the lottery, as we all do, and thinking, what would I do with £161M...
This article is aimed at considering what I would do, if I had £50M to invest in Everton. A very modest sum given the wealth of the owners in the Premier League. This is simply how I would do it, and I imagine that an awful lot of fans would do things quite differently. But still, it's my imaginary fortune and so it's my choice.
Everton are valued at £100M by the board. No doubt they would not accept my £50M to purchase the club and, to be honest, I wouldn't want to purchase the club ? I'd just be inheriting the same mess without the power to fix it. In fact, I could possibly make the situation a whole lot worse!
So, I ring up Bill and say, "I have £50M. I'd quite like to invest in Everton. I am willing to put my £50M in, and I want the club to issue shares to the extent that my £50M would give me 40% of the total share value... ie, I value the club at £75M, and my investment would mean the club is worth £125M."
I think that'd be my assessment and I'm sure many would say that I'm probably over-/under-valuing the club and that, in any event, Bill wouldn't agree to it. You're all probably right.
Anyway, I decide to give BK some objectives before I wish to invest. "After all, it's £50m," I say.
Here's where I lose more people. I wish for the current board to stay, although I wish for the members of the board to change.
I would make David Moyes a Director as well as manager, with the rest of the board being: myself; Kenwright to remain as Chairman, although with only the same voting as the rest of us; Elstone; and then the academy manager... resulting in a five-man board: Chairman, Manager, Investor, Chief Executive and Academy Manager. I would ask that each member of the board updates the fans twice a month on their role and how things are progressing, perhaps via the programme on matchdays.
I would also ask that my £50M be invested in the following ways: I want £30M to go against the debt of the club and that the club will not in the next 10 years exceed debt of 20% of the value of the club, ie, It will never go above £25M. The remaining £20M is to be spent on player purchases for the manager. I would like him to choose them (a position Moyes seems to already enjoy ? being able to choose the players he buys).
I would state also, that our aims would be to reduce the debt to nil in the next 10 years. BK would remain as Chairman. I think also, my final thing would be to introduce somebody as a Consultant to sort out the Marketing at the club. Although we have improved somewhat over the past five years, we need to be so much better.
I realise that one big thing has not changed here: the ground. However, I'm investing £50M, not £400M. My idea would simply be to bring further stability to the club and perhaps make us a more attractive proposition to a future buyer.
It's my opinion that the current board probably do have this aim, as they say, but not the means to do it. Everton need a push, an extra few good players and a debt reduction. The idea being that we don't gamble on Champions League but we do actually try to get there.
I know many of you will have different views and probably slate some of my ideas but that's your opinion. I'd quite like to read some of your own views, given a similar budget and how you would lead the club forward.
Stuart Downey, Posted 24/07/2011 at 13:11:16
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1 Posted 24/07/2011 at 19:29:00
2 Posted 24/07/2011 at 19:31:35
I'd buy myself a tropical island, no TV, no internet, no news rags. Just stop the world, I want to get off.
3 Posted 24/07/2011 at 20:09:37
4 Posted 24/07/2011 at 20:12:08
5 Posted 24/07/2011 at 20:22:00
Also, if at all possible, I would remove BK as chairman. I doubt that with 40% of shares you could remove him from the board but his credibility is so diminished, his track record so much one of failure, that he could not stay at the helm ? he is the prime reason we are in this mess.
6 Posted 24/07/2011 at 21:08:42
Probably get advice after that - might waste the rest.
7 Posted 24/07/2011 at 22:07:22
8 Posted 24/07/2011 at 22:27:42
I suspect our lack of transfer activity is dictated by the banks who now refuse to top up our loans.. We are the Greek nation of the Premier League ? broke due to having no business sense over the past 20 years.
9 Posted 24/07/2011 at 23:11:40
No, sorry, football has lost its soul and the Dispatches expose should be required viewing for anyone even considering investing in this dirty business.
Rant over; nighty night.
10 Posted 24/07/2011 at 23:41:11
Cars: Spot on. Holidays: Yep. Women: Hell no.
11 Posted 25/07/2011 at 00:53:00
It's an interesting question to all the Kenwright haters....
12 Posted 25/07/2011 at 01:54:01
13 Posted 25/07/2011 at 03:12:08
It also gives the opportunity to go further into debt with having a new credit line.
Better to put the money into something that will generate that couple of million a year.
Extend a stand, buy GP... or even better, Finch Farm.
14 Posted 25/07/2011 at 05:37:39
so how much has Kenwright invested in the club and how much extra worth has he generated in his rime as Chairman?
15 Posted 25/07/2011 at 05:58:24
I think Stuart is looking at this like a fan though. I'm guessing he would be just as happy to see Everton lift a trophie as get back his $50 mill win.
If its for the long term good of the club screw the debt, screw players who at best will last the better part of a decade.
Put it into infrastructure (e.g. money towards a new stand or Finch Farm)
16 Posted 25/07/2011 at 08:14:57
17 Posted 25/07/2011 at 08:55:50
Call yourself an Evertonian?
18 Posted 25/07/2011 at 12:28:57
19 Posted 25/07/2011 at 12:24:32
How about investing £20m of your winnings in the training of a few thousand out-of-work Everton fans how to build a stadium, £20m for materials and £10m to 'invest' in council-owned land (ie, Everton Park)? 5 years down the line you'd have a new stadium overlooking the city that was designed/built by the fans, and you've given a large part of your fortune back to the community, in both infrastructure, job creation and skills training...
Now you can safely to retire to your new Caribbean island...
20 Posted 25/07/2011 at 12:58:29
21 Posted 25/07/2011 at 14:18:29
22 Posted 25/07/2011 at 16:14:33
23 Posted 25/07/2011 at 17:40:45
24 Posted 25/07/2011 at 18:04:13
Imagine you had enough money otherwise to live comfortably (say another £10m) for yourself. How would you spend it?
25 Posted 25/07/2011 at 18:46:31
I was planning to spend around 150 mil, 10 mil is more than enough to have fun with. maybe 100mil to buy the club and remove all the board and then the rest to buy a few players.
Any players who did not want to fulfill their CONtracts would be relegated to the reserve boot washer position. This would piss them off and they would insult me and the club and refuse to play which means I could then fine them all their wages and laugh at them.
Agents would be banned and a product similar to Nippon would be used to flush them out and remove them.
Pardon?...oh my wife has just informed me that half of the lottery win is hers. Oh well.
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