Scenario...
You win Tuesday's Euro Millions. You're the only winner and you take the lot.
£166,000,000.00
(that's one hundred and sixty six million pounds for those who don't know their zeros)
You don't have any debts and you're earning interest on it hand over fist. You're also one of the passionate Everton supporters who has been calling for BK to sell up and walk away from the club.
What do you do?
Money where your mouth is...
posted on 11/7/11
In other words, I'd set up an outside business to finance transfers so the club can put the money into renovating the old lady or summint
posted on 11/7/11
A noble act when your future is secure. But would you be willing to mortgage your house to help the club?
With shares trading off Market at around a £1000 each you can work out how much the clus is worth. Would you buy into that?
posted on 12/7/11
Nice one IMWT!
PJS, the original question wasn't 'would you be willing to mortgage your house to help the club', but to answer your question, no I certainly wouldn't.
The scenario is that you've won £166m. Assuming you put your own house in order first, you're probably left with quite a lot. Nobility goes out the window. You're flusher than the pub toilet. More minted than an After Eight.
I wouldn't be working here any more so would concentrate my efforts on something I loved rather than something to pay the bills. I've already told the missus I'd want to invest in Everton 'when' we win (after I'd bought the mother-in-law's house, razed it to the ground and chucked the old witch onto the street )
Like IMWT, I'd want to try and create other revenues to go towards a transfer fund but I wouldn't be throwing cash at un-necessary transfers and ridiculous player wages. I've worked hard for my £166m . I'd help run it the frugal way, financially the Arsenal way, except I'd tell our players they're allowed to shoot now and then.
I also think the prospect of one large investor would attract others so a joint venture into a new stadium or a complete Goodison renovation wouldn't be too far away.
I'd have to insist on having my own space in the dugout though. Budge up Dave!
posted on 12/7/11
I'd sort my own life out and then ask BK what I could do for him.
"No , Bill I will not put £150M into StageCoach".
Seriously though, it would be nice to know you were going into business with someone who cared as much about the club as you do.
All I'd want in return is just to be around the club I love. Probably expect a box too. I'd even invite you guys in for a beer!
posted on 12/7/11
I had a similar discussion with missus who is a staunch red. She was pretty vocal on it in the end I won and money would be invested.
I would meet with shareholders and offer money in exchange for a rights issue. Thus diluting their holding. The money must be invested in playing squad. I would then loan the club money invest free to clear the existing debt. I would then work full time 24/7 to give bill a rest and find the billionaire we need.
posted on 12/7/11
Just a beer philsablue? I'd expect you to buy up all the hog dogs in town!
posted on 12/7/11
I had the exact same discussion with the missus when the jackpot got to £100million, she said no chance. Now at £166 million I've persuaded her that we should at least form a large part of a consortium. I'd keep Bill in place and trust DM with the reigns of the club.
posted on 13/7/11
It's obvious that last night's euro lottery machine has been tampered, as didn't win.
I blame BK.
Clearly he was on this board yesterday and saw that when I won I would be investing in the club. So he's cunningly dispatched his minions to sabotage the draw to prevent any investment so he can keep tight hold of the reins.
Damn you BK... DAMN YOU..!!!
posted on 13/7/11
He's bloody crafty, I'll give him that. Some would say an 'evil genius'.
posted on 13/7/11
His reach is widespread sabotaged mine also the evil genius. Lets hope the winner is a blue my missus argued with me again last night about investing in club so prob just as well. Her or the club.... I have loved the club longer so