The cruel facts:
? Everton FC is burdened with record debt, asset-less, in a run-down stadium. All this despite our best run of league performances for a generation. ? Everton are tied into a 10-year merchandising deal which is currently on par with the likes of Fulham and doesn?t take into account inflation (what will £3M buy you in 2021?). ? There is a history of mis-communication (between board and fans), lies, untruths or whatever you call them surrounding Fortress Sports Fund, Kings Dock, Destination Kirkby, club ownership, etc.
The worry for all us Evertonians is ? How do we stop the rot? How does the club move forward and progress?
Those who believe the fans who criticise the board are deluded or living in the past are I believe clearly missing the point. But I genuinely feel we as a fanbase, are developing a 'small club' mentatlity.
Another Fact: Our current board either can?t or won?t invest any more money into the club. That?s their prerogative, but the real concern is that they appear to want a substantial return on their ?investment?. Kenwright clearly has little financial control over the club. He is indebted to Earl, Green (allegedly I have to add) and many banks. They call the shots ? not him. And for getting the club in that situation, he should be ashamed.
In my opinion, those in power either want an investor to come in, splash some cash on new players, and maybe pay for the expansion of the Park End. Believing this may lead to a mini-revival, a minor trophy win, but importantly (to them) increase the club?s reputation. The end result: a higher price (and higher demand) for shares in the club.
Alternatively, they simply want someone to offer them over the odds for the club in a full takeover.
Both scenarios are unlikely and so we stand still... Yes, we all know and accept we are no longer part of the English elite. We are now a second-rank club and yet, with just a little investment, things could be a whole lot different. Dare I dream of a time when EFC buys to strengthen and just not plug holes after a season starts? Yes, times are tough and other big clubs are struggling too. Yet some clubs have funded huge sprees before hitting hard times. We appear to be indefinitely impoverished.
We can?t just sell players to pay debts that grow. Yet this is the board?s only strategy and it?s a situation they have brought upon themselves. When we reached the Champions League Qualifying Round in 2004-05, the board should?ve been scouring the world for good investors. Capitalising on our surprise season and offering an opportunity to be a part of a club on the verge of joining the gravy train.
But what really gets me is why we can?t employ someone highly qualified and connected (and highly compensated)? Just like Liverpool did with Broughton to sell the club. You can protect the club against pirates by adding clauses so that a buyer would have to purchase the club with equity, and not a Glazer style reverse loan. You can add a clause that they commit to spending funds on new players. It?s exactly what Liverpool did, and next year they will leave us behind again.
It?s very simple: the current board has to move on, or alternatively we have 5 years to somehow get lucky. The long-term consequence of a lack of investment is relegation. That is a fact we should all agree on.
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"Bill is a true blue" ? they continually spout, "Who else is there?" is often used as an excuse ? no matter that he has destroyed the core of this once great club with his lies and deceit.
Maybe five years is a wee bit soon but, like you, I really believe that, so long as he is in charge, it will only be a matter of time. Unfortunately this is the worst position I have ever seen Everton FC in. Everton should be challenging for the title and all the domestic trophies, Everton should be competing in Europe every season. The reason that we aren't lies squarely at Blue Bill's door.
The DK fiasco was an exercise in self-gratification. Thank God that little bit of his foresight didn't come off. He should be forced out... if he were the chairman across the park or 30 miles up the A580, he would have been hounded out by now.
Evertonians, we will eventually implode and YOU will have allowed it to happen.
Funnily enough, there is still time to act, the rot is only a foot deep...
Our squad is ageing, we sell off our best young talent and have no resources to revitalise the squad. A bad run of injuries in this squad, which for the better part is already full of injury prone players, Cahill, Saha, Fellaini.....will see us struggle and if Moyes sees his arse and leaves then I dread what will happen.
I'm no fan of Moyes, by the way, but can see we will not be relegated whilst he is with us.
Great bit of negotiation there, Bill. Why not tell them to pay the £6m agreed or he comes back as cover? Nah you need the £3m.... You Tosser. God if he only had a business brain.
Moyes has turned Everton round... from the junior teams to the first team. This lack of drive from the board is being felt by some players ? this is why they want to leave. I have followed Everton since Tommy Lawton played for them and will always support them.
I am fortunate enough to remember the mid-eighties so I don't have a small club mentallity. Look at the bigger picture, the Champions League has ruined football since UEFA changed the format from just Champions qualifying. This had a knock-on effect to the old UEFA Cup and the FA Cup being less important.
When we were top of the tree, prize money was not an issue it was all about trophies but it is sad now that a team would rather finish 4th than win a cup. I would rather have my Everton with no money than be like Shitteh or Chelsea with a load of mercenaries kissing the badge. So carry on, Kenwright ? you will always have my support of what is a proper football club.
There are some good young kids coming through the academy and the new finance rule from UEFA will help us too. Football works in cycles; our time will come again... I bet when Abramovich walks away from Chelsea, they will slide away... United will when SAF calls it a day... City will die when the sheik fucks off... Spurs will go under with Harry spend alot Redknapp and Liverpool are shit anyway with Kenny Dogmuck at the helm.
The only team who are close to what we are is Arsenal, so come on, fellow Evertonians ? be proud of our club and let's get behind the club and stop fucking moaning, thank you! I feel better now...
The EFC official site is a joke and is filled with trivia and little else.
NB ? be prepared for the proposal to be for an inadequate design tied to a retail development, as per DK, and for EFC to be left in even greater financial peril should it come to fruition.
The DK hearings in black and white showed on oath that not one of the major shareholders has or in future will spend a single penny of their own money on the club beyond the shares they already hold. The Sky money would have come to any chairman in charge, even if it was a three-year-old baboon, and that formerly funded player purchases and wages. BK's poor chairmanship hasn't added any new funding whatsoever and the club now has record debts which are growing annually.If you have to claim we aren't where we were before DM, please don't claim it's down to the shining stewardship of BK.
We have the highest value squad the club has EVER had, yet people are saying we have sold off all our assets?!! It's unbelievable stuff....
My own view is that we're about 12-18 months away from administration; then we'd lose all our best players anyways, so why not sell them now? Would we be relegated without them? No! but only just because the first team would probably line up like this:
Mucha, Neville, Distin, Heitinga, Hibbert, Gueye, Osman, Cahill, Arteta, Saha, Beckford.Subs: Turner, Duffy, Mustafi, Barkley, Forshaw, Vellios, Silva.
Our wage bill would be slashed by 70%, Kenwright and the other tossers would be gone and maybe just maybe someone would then be able to buy us as they would be dealing with the administrators. Drastic, yes... but how far from the truth?
Why no relegation? because as posted before there are at least 5 teams that are worse than us, even with our main assets gone!
Why the doom and gloom? Because at the moment we can't even bring in loans or freebies because we can't afford the extra wages! If some can prove me wrong please do!
ps: Do try to keep up ? Iain Turner has been released!
The exact same applies to the Kitbag deal. Another area that was failing due to lack of expertise and knowledge in that field, so it's a no-brainer to outsource to the UK's leading footballwear supplier. We now have two shops and have seen an increase in commercial sales since the deal was done. How you are hailing this as bad management, is beyond me.
We are a football club, not a logisitics and warehouse management operation. The statement about our merchandising deal being 'on par with the likes of Fulham' seems to be more fabrication. I challenge you to state your source for this. Gavin #53 ? stop being silly. Of course I can't answer those questions. My challenge still remains, I would like making the 'sold all our asset' cries to state what exactly has been sold, and why it would have made more commerical sense to keep. Why do I want to know this? Because I believe this 'sold all our assets' shouting is yet more examples of how some on this site make throwaway statements with no substance, just because other people who are anti-BK have said it. Bandwagon springs to mind... 'Selling our assets' and 'outsourcing revenue streams' is the new '24/7 and 'the Kirkby report said we are not for sale'....I am more than happy to debate logic, that's what this site is for (as well as the occasional mindless slander ;-). But each time a challenge is put in, it seems to go very quiet or the references that come out are "News of the World, my mate who spoke with Kenwright's postman and the groundsman's sausage maker". The fact is, I am pissed off as any of you regarding Everton's financial plight. Those of you stupid enough to believe that any of us are happy with it need to have a word with yourselves. The reason my view differs, is because I believe the mess we are in comes from the playing field we are on (ie,, The FA). Everton are not isolated in their financial predicament; there are others far worse off. Which tells me we are not as mismanaged as people try to make out.
How do you cater for selling them merchandise? Neither of these are core businesses by your definition so they should be ignored? If you think about any aspect and how to run it, you simply employ staff from a catering background or marketing background or any other background pertinent to that workstream ? like every other business does.
In terms of the merchandising deal specifically, I can say that I can walk into numerous sports shops and see lots of other teams replica kits but not Everton's ? surely missed sales opportunities?
Your point about outsourcing appears strong on the face of it, but I am still not convinced about the asset sales and re-mortgaging issue, which to me is the crux of the argument. To put this to bed, someone who understands accounts should collate the information regarding Everton's assets and mortgages etc. since Kenwright became chairman, and, more importantly, should compare the strategy adopted by our board to the average strategy of Premier League clubs.This will be a pain in the arse, and I'm not going to do it, partly because I don't think I can without quitting my job!As a primer for discussion, I suggest you read Colin Fitzpatrick's article on this website that accuses the current board of various failings.Regards the FA, I disgaree that it is their responsibility that so many big clubs a restruggling. The original Sky clubs agreed to the dividend structure of the Premier League, and it is down to them to work within it. Players and agents have bizarrely inflated salaries, which I guess is down to the pressure applied by the existence of mega-rich clubs. For me this is the biggest issue in football. The bottom line is, I don't care whether other clubs are up the creek. I care if Everton are. If Everton have no plans for servicing their debt and from preventing it from spiralling out of control in the long term, then surely alarm bells should be ringing, and fans should be acting?
Yes, the board has made mistakes but this image of them doing their best to destroy the club and a messiah like Moyes (for the purpose of these sort of board bashing threads at least), guiding the team from relegation to Europe despite the board's best efforts, is ridculous. Why can't people see Moyes and Kenwright are in this together for better or worse. They've both made a lot of mistakes and they've both done some good things (although even I'll admit Moyes has a few more ticks in his box)."Yes, times are tough and other big clubs are struggling too. Yet some clubs have funded huge sprees before hitting hard times. We appear to be indefinitely impoverished." ? This is ridiculous, if the 'big clubs' are hitting hard times, why should we expect not to?These teams that have gone on massive sprees as you have pointed out have ? surprise, surprise ? hit hard times... and a lot harder than us: West Ham, Portsmouth, Aston Villa, as far back as Leeds, Newcastle even got relegated, as now have Birmingham. Would you want to swap positions with any of these teams that launched a 'spending spree'? Who gives one about Newcastle's massive ground when they've been a pile of crap for the majority of my living memory?As a final point, all this reverence to Martin Broughton and the RS is sickening. That club was worth at least £800 million and everyone knew it. He basically sold a Ferrari for the same price as a Mondeo to the first punter who turned up with the cash. I'm surprised they haven't handed over the rest of the £500 million that they should have paid to Dogleash for a transfer kitty but no. Henry and his cronies bang on about buying youth for sell-on value, blah blah blah ? this sounds a lot like the cursed 'buy to sell' policy that everyone keeps banging on about (although if Henry can get a return above £20 million for Henderson, then maybe he is a genius). They sold Torres and reinvested that and will sell off other players such as Meireles to fund other moves. Henry is just an opportunist who saw a fire sale, is cleaning out the deadwood, setting it up with some potential assets, so that he can make a triple-your-money sale in a few years time.
Everyone knocks Kenwright ? and he does deserve a lot of stick ? but he's probably one of only a few football club owners who doesn't expect to make money from the club and enjoys this in a bizarre way.
I don't read the Daily Post either, you see I can't, I'm too stupid, none of it 'sinks in'. Then again you don't seem to be the sharpest knife in the draw either. So we sold Finch Farm the moment it was built, it's still there isn't it? We still use it, don't we? Someone at Everton still sanctioned building the thing, or do you think Moyes was at it, a one-man job, every brick, then surprised the board with it?
Oh and has anyone seen the new Liverpool stadium being built? Oh no ? it's all gone quiet and vague talks of renovaitng Anfield are springing up instead. I'll be surprised if that ever gets done. Maybe they can fund it from the buy-to-sell policy they have started... oh no, wait, stupid me! The Daily Post and 'the majority' of ToffeeWeb say that only Everton can be branded as a selling club.
There's a reason Hicks and Gillete sued for an infamous 'epic swindle'. They expected to make money on the sale based on their expectations of the market for a club the size of Liverpool. Broughton undercut that price by £100s of millions. I've heard that whole 'we wiped out all the debts' thing before, it's what Hicks and Gillete said before they then loaded it onto the club.
I just don't think these new Americans will turn out to be the financial messiahs Liverpool fans think they are. From the point of view of Kenwright, or any businessman for that matter, why would you hire someone who has just sold a different club cut price, ripping its owners off for millions? If things don't change then we'll more than likely be in the same place in 5 years and the only thing I'll remember from this conversation is that there was this one guy trying to convince everyone that in 5 years we'll be relegated.
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