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Posts: 8,858November 2011
The gravy train for Premier League football clubs in search of overseas owners is beginning to slow down following the losses made when Tom Hicks and George Gillett at Liverpool were unable to finance debt. Local rivals Everton are now in search of funds that they need to compete at the highest levels but have to be realistic when valuing the club.
Chief executive Robert Elstone has denied that the Everton board is pricing itself out of reach to potential buyers.
Elstone confirmed there are "genuine conversations" taking place with several groups, companies and individuals regarding an offer for the company, but said that talks remain at an early stage. The club has been linked with several reportedly interested parties, including Indian construction company Jain.
He added:
"What I know to be absolutely the case is the first question asked by us in these discussions is never ‘how much?' but always ‘what are your thoughts, intentions or plans for Everton's future?'.
"I'm tired of saying it but the club is absolutely for sale and has not, and will not, fail to be sold because it's too expensive or comes with onerous conditions.
"We sincerely hope the right buyer, with the right motives, with a commitment to take Everton forward is part of this current dialogue."
Manager David Moyes has worked miracles for the club and while the club runs a tight ship the economics are such that to compete in the Premier League suibstantial funding is required. Lets wish them the best of luck.
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Posts: 305November 2011 Therefore when there is investors like the Qataris and BK claimes to have the interest of the Club at heart he should make the deal happen.
As said before Everton are the ideal club for them and if Bill did his research he should be able to position the club as the right club for them. Blackburn will never be successful because they have no support and even when they won the league the fans were missing. Everton have the right foundation with its history and fan base. Plus with what Qatar are doing the fact that they get to build a new stadium (sports village) and show off what 2022 will bring should be positioned as a positive.
Also with the current team we do not need as drastic investment as a Blackburn Rovers. -
Posts: 2,519November 2011 Everton need to knock £70m-£80m off the asking price, and THEN we might become attractive to buyers. Knock that off, and we can be given it to go towards players, and whatever debt we have can be paid over time (like now I suppose but hopefully at a quicker rate)
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Posts: 2,450November 2011 Interesting post Andy ! If you say we need to knock 70-80 million off the asking price then you a) clearly know what the asking price is and b) what the actual valuation of the business is.
Could you share with us what these figures are and your source of this information. Thanks -
Posts: 8,769November 2011 Keith Harris has stated that the club if for sale at 150mill
Elstone has mentioned £120.
I believe a figure around 100 mill would get the board talking.
I have no links
So shoot me. -
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Posts: 8,769November 2011 not everything has a linkj and i won't be posting other forum links on here.
I have to keep a low profile on certain sites -
Posts: 2,519November 2011escla said:
Interesting post Andy ! If you say we need to knock 70-80 million off the asking price then you a) clearly know what the asking price is and b) what the actual valuation of the business is.
Could you share with us what these figures are and your source of this information. Thanks-----------------
Consider the fact that they could potentially get Blackburn for £25m, they paid £30m for Malaga, and £56m for 70% of PSG and you can see that we're over-priced. I think Milky's probably closer to the mark with the £100m mark, I would say £70m-£100m would be about right.I don't profess to know the asking price at all, but I DO believe that £150m is too much.EDIT: I've just read that the 70% of PSG was bought for an estimated £44m..... -
Posts: 3,007November 2011 speculation re the value of the club is just that speculation...no one can accuse BK/The board of being "greedy" because the asking price is too high..when they dont know the asking price...
the value of something is only worth what the purchaser is prepared to pay ! if they dont meet the asking price..then either they negotiate or walk away...
people forget the investment made by BK into the club and it seems only fair to me for him to recoup some, if not all of that investment back if he can
after all would you reduce the sale of your car bu a few thousand pound just to get rid ??? i doubt it !! -
Posts: 1,841November 2011 if the club is for sale, why cant we find out the price?its should be available, shouldn't it???There is a big reason why someone wont buy Everton, Liverpool have been bought and sold twice in the past few years, Utd been sold, City, Assanal, Chelsea.... What im saying is this, most of the top 6/7 teams have been bought up, we have been in the top 6/7 since moyes arrived, why hasnt anyone tried to buy us? Dont use the Debt excuses cos it pathetic compared to other clubs and we are based in a metropolitan city.........I dont care what anyone says, I just don't believe the board..... Simples.......
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Posts: 3,007November 2011kingmoyes said:
if the club is for sale, why cant we find out the price?
its should be available, shouldn't it???There is a big reason why someone wont buy Everton, Liverpool have been bought and sold twice in the past few years, Utd been sold, City, Assanal, Chelsea.... What im saying is this, most of the top 6/7 teams have been bought up, we have been in the top 6/7 since moyes arrived, why hasnt anyone tried to buy us? Dont use the Debt excuses cos it pathetic compared to other clubs and we are based in a metropolitan city.........I dont care what anyone says, I just don't believe the board..... Simples.......
so what your saying is the board are sitting on a business that the perception is "it's a sinking ship" and when buyers come in they say no until it sinks ? -
Posts: 1,841November 2011koolhandluke8 said:
speculation re the value of the club is just that speculation...no one can accuse BK/The board of being "greedy" because the asking price is too high..when they dont know the asking price...
the value of something is only worth what the purchaser is prepared to pay ! if they dont meet the asking price..then either they negotiate or walk away...
people forget the investment made by BK into the club and it seems only fair to me for him to recoup some, if not all of that investment back if he can
after all would you reduce the sale of your car bu a few thousand pound just to get rid ??? i doubt it !!-----------------
Thats the most stupidest post i have ever come across in the blueroom!!!!!!!!!!!!!!!!!!!!!!We are a BUSINESS, unless we get investment we will continue to fall behind and maybe one day go down, what will happen to Kenwrights investment then?????? In business you don't get your money back for what you spend if the business isn't running to its full potential, no matter how much personal funds you put in... How many businesses have fallen behind and someone re-mortgaged their home to put money to keep the business afloat, if that business still does not perform you cant say I want my money back, that's tough poop, the business is failing and you don't know how to pull it around or you don't have the funds to do it!!!! Sell up, cut your losses and get what you can!The value of Everton FC should reflect in its assets and current trading!!! We are making an effin loss of £5m every year, and your telling me Kenwright should hold on until he gets his INVESTMENT money back???? Well, what scares me most, its maybe Kenwright is actually as deluded as you and that will cause the demise of EFC as we know it! -
Posts: 3,007November 2011kingmoyes said:koolhandluke8 said:
speculation re the value of the club is just that speculation...no one can accuse BK/The board of being "greedy" because the asking price is too high..when they dont know the asking price...
the value of something is only worth what the purchaser is prepared to pay ! if they dont meet the asking price..then either they negotiate or walk away...
people forget the investment made by BK into the club and it seems only fair to me for him to recoup some, if not all of that investment back if he can
after all would you reduce the sale of your car bu a few thousand pound just to get rid ??? i doubt it !!-----------------
Thats the most stupidest post i have ever come across in the blueroom!!!!!!!!!!!!!!!!!!!!!!We are a BUSINESS, unless we get investment we will continue to fall behind and maybe one day go down, what will happen to Kenwrights investment then?????? In business you don't get your money back for what you spend if the business isn't running to its full potential, no matter how much personal funds you put in... How many businesses have fallen behind and someone re-mortgaged their home to put money to keep the business afloat, if that business still does not perform you cant say I want my money back, that's tough poop, the business is failing and you don't know how to pull it around or you don't have the funds to do it!!!! Sell up, cut your losses and get what you can!The value of Everton FC should reflect in its assets and current trading!!! We are making an effin loss of £5m every year, and your telling me Kenwright should hold on until he gets his INVESTMENT money back???? Well, what scares me most, its maybe Kenwright is actually as deluded as you and that will cause the demise of EFC as we know it!
Can you read english ?? where did i say ....." Kenwright should hold on until he gets his INVESTMENT money back????
stop making crap up in a vain attempt to suit your points... -
Posts: 1,841November 2011 KOOLHANDBASTYN "people forget the investment made by BK into the club and it seems only fair to me for him to recoup some, if not all of that investment back if he can "close enough!Since the day I crossed paths with you, I have no respect towards you and think you are a ****!
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Posts: 8,769November 2011 Kenwright will make a profit on his investment.
The amount of profit is a different question.
If what Keith Harris said last week is true then we are over valued when the debt is taken into consideration.
Saying that prospective buyers would do their own research and have a figure in mind which they will go to the board with.
They willboth negotiate and if serious both parties should reach a price. -
Posts: 1,841November 2011milky71 said:
Kenwright will make a profit on his investment.
The amount of profit is a different question.
If what Keith Harris said last week is true then we are over valued when the debt is taken into consideration.
Saying that prospective buyers would do their own research and have a figure in mind which they will go to the board with.
They willboth negotiate and if serious both parties should reach a price.-----------------
Yes, they should!...But how negotiable are the board???Maybe its like what KoolhandBASTYN said, maybe they are as deluded as him and have no intentions of losing out on some decent profit! You shouldn't be allowed to own or run a football club unless you have funds to run it!Seems no one has heard of trading while being insolvent....Its our assets that are keeping the banks from closing us down!! -
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Posts: 3,007November 2011 so in your world........"people forget the investment made by BK into the club and it seems only fair to me for him to recoup some, if not all of that investment back if he can "
the emphasis on SOME.......and ...IF HE CAN.....
translates to....
" Kenwright should hold on until he gets his INVESTMENT money back????
ok !!
PS i've never "crossed paths" with you.....and BOO HOO some kid on a chat forum doesn't respect someone they've NEVER met !! and thinks they're a **** ....sez it all really............ -
Posts: 1,841November 2011milky71 said:
Not happy with some of your wording KM perhaps you want to edit it.
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explain? -
Posts: 8,769November 2011kingmoyes said:milky71 said:
Not happy with some of your wording KM perhaps you want to edit it.
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explain?
Re-read Edit where necessary -
Posts: 1,841November 2011milky71 said:
Not happy with some of your wording KM perhaps you want to edit it.
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Oh i see what you mean milks, as I always take on board what you say I have used a polite Welsh word instead....Sorry for causing you distress Milks, I apologise to you and you only. Much Love
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