In my own opinion (and no doubt I’ll be slated for it), the current Board have been prudent and frugal with the Club’s finances and have just about kept us afloat, rather than attempting to compete with other clubs buying policies to obtain overpriced assets.

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I agree with that 100%. Nobody can doubt your Evertonian-ness from that post. A very realistic outlook and exactly what I'd have written if I had literary skills!

We have to be realistic,Ronaldo was sold to Real Madrid for £78million in a season our total income for the club was £70million.
Torres/Carroll were bought for a combined £85million in a season our income was £80million.

Forget the teams above us as they are financially far better off than us.Look at the teams below us and we are not only the best of the rest,but in most seasons we give the big boys a bit of a scare.

I cannot see things changing unless a billionaire comes along wanting to chuck multi multi millions around knowing there will be no return

comment by Even The Bovril is Watered down (U4788)

==

You could be onto something with that post.

comment by philsablue (U1493)

"Nobody can doubt your Evertonian-ness from that post"
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Thanks, but some will question it. As is their right. But they're wrong.

Having read the comments below the letter, most contributors are adamant that if you're not committed to their 'cause', you're either thick, you're not really behind the club or you don't have the club's best interests at heart.

Being passionate is one thing, but being blindly emotional is another.

Do they want BK to sell his shares to the next bidder? And what about Earl and Woods. They're obviously not as passionate about getting them out, but what about their shares?

What if the next available bidder was the same lot who bought Pompey, Blackburn or God help us the Sullivan/Gold/Brady bunch. No thank you!

Sure, BK could sell his shares and walk away. Or, he could wait for someone who not only has the cash to buy his shares, but also has the additional capital needed to take us forward.

Forward not sideways.

comment by Burgerbuns (U5244)

==

you also make some very balanced points. I like your forwards, not backwards line. however in some cases a takeover has driven a club backwards. Just look at how worried Blackburn fans are, a club who were used as a shining exampe of an overseas takeover.

Where will the Phil Jones cash be heading?

comment by Phil Jagielkas Sweatband (U1308)
posted 25 seconds ago
comment by Burgerbuns (U5244)

==

you also make some very balanced points. I like your forwards, not backwards line. however in some cases a takeover has driven a club backwards. Just look at how worried Blackburn fans are, a club who were used as a shining exampe of an overseas takeover.

Where will the Phil Jones cash be heading?

You can buy an awful lot of buildings in India to house Chickens with £20million that's for sure.

I thought it was only Bill who took money out to finance his personal projects?

Sounds like asset stripping to me, I wish we had got them as owners

I'm sure all the money he has lost/will lose and all the years of being an unpaid chairman are worth it for him.The love,the respect and the gratitude he gets from KEIOC and its cohorts is well worth the money and effort he'll never get back

I am sure he will look back and think his mortgage on his own house was a risk worth taking. Would many others take this sort of risk to save the club?

I certainly would.Especially if my investment multiplied by as much as Bill`s has.
Lets face it, for the amount of money they paid for Everton it was a win,win situation for them.

Well that's not true at all is it.

Where were all the other investors to outbid BK on this win-win project?

comment by philsablue (U1493)
posted 1 minute ago
Well that's not true at all is it.

Where were all the other investors to outbid BK on this win-win project?

It is true if you look through KEIOC tinted glasses.The evil BK will be sitting there stroking a persian cat and laughing out loud on how he has fooled us all with his fiendish plan.Meanwhile his henchman will be shovelling £50 notes onto an open fire because he has that much money he needs to make space in his 500 bedroomed ivory tower

Release the hounds!!!

Phil,
think your confused a tad there.I did not mention about rival bids.
My point was the profit shareholders will make.
Bill bought 68% of the shares for £20 million.
Upon sale he will receive a massive profit on his initial input. So actually my point is correct.

comment by CONCERNED EVERTONIAN (U7886)
posted 29 minutes ago
Phil,
think your confused a tad there.I did not mention about rival bids.
My point was the profit shareholders will make.
Bill bought 68% of the shares for £20 million.
Upon sale he will receive a massive profit on his initial input. So actually my point is correct.

How much of a 'massive' profit do you believe he is going to make

Phil,
think your confused a tad there.I did not mention about rival bids.
My point was the profit shareholders will make.
Bill bought 68% of the shares for £20 million.
Upon sale he will receive a massive profit on his initial input. So actually my point is correct.

------

No, you're confused. If it was to be a guaranteed profit then loads of people would have been bidding against BK when he bought the club. That, as we know, wasn't the case.

It is a testament to BK that the club is now worth so much more than when he bought it.

How much of a massive profit do you think he will make?

The difference between 68% of the club @ £20 million and his share of the sale price.
Pretty obvious really.

How will Bill make this massive 68% profit? He only owns 25% of shares

Also how will he make a profit, we keep being told we are not for sale?

Woah, woah PJS, don't go throwing facts into the mix. That contradicts his whole argument!

Well we have either a wum or a misinformed blue on our hands here.

Not a wum at all.

I will simplify it for you as you seem to be struggling to comprehend the issue.

Reread the post,slowly,it may help you.

He BOUGHT 68% of the shares in 1999 for £20 million.
That would value the club,in 1999,at roughly £30 million.

The club,as Bill repeatedly informs us,is for sale.
When the club is sold he will recieve 25% of sale price.
I have seen the club valued @circa £180 million.

Get your calculator out.
25% of £180 million is..........


We also know he brought partners in to pay part of the original £20 million.It is fair to assume,given the shares owned by fellow directors,his output was in the region of £5 million.
A massive profit by any measure.

So in effect as the full 25% is not his, he will only see a quarter of what his share sells for?

Where have you plucked these figures from?

He would only see £11m back from his original £5m in. Good but not the windfall predicted

I believe,all due respect,you are taking the Michael.
I have to hope you cant be as thick as you are making out.
Come on own up you are aren`t you?

Your the one throwing figures around. I am sure the tax man will not want a massive slice of the profit either?

So who owns Bill's share of the shares? Is it all his or did he only put in £5M. If so do you think his investors will be happy with cash plus a little interest or a big slice of the windfall? Or did they not see the same cash cow Bill did?

Ah well,one can but try.
You can lead a horse to water...........
I bid you good evening.