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	<title>Comments on: KENWRIGHT OUT INVESTMENT IN? – Everton Suffering After Missed Opportunity?</title>
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	<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/</link>
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		<title>By: Andy Naybour</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-666</link>
		<dc:creator>Andy Naybour</dc:creator>
		<pubDate>Mon, 18 Aug 2008 12:43:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-666</guid>
		<description>Sorry Liam but I can’t agree with you about that one bit. To turn Portsmouth and West Ham into a big four would need the same investment as Abomovich has pumped into turning Chelski from a medium sized club to regular EPL contender. 

Football is small fry in business terms, it is a misnomer that it is big business; someone was saying last week that the M&amp;S store in Oxford Street has the same turnover as the whole EP, and  M&amp;S’s overall turnover is comparable to all the top flight leagues in Europe.

Investors in football clubs are not doing it to make big profit, it’s too risky a business, I’m sorry but your argument doesn’t run through. If I had £100m pounds (I wish) to turn one football club around, I would look at Villa, Spurs and Everton as my best options as they have history fans etc in place, then Newcastle, City and Leeds as maybe’s, wouldn’t entertain anyone else.</description>
		<content:encoded><![CDATA[<p>Sorry Liam but I can’t agree with you about that one bit. To turn Portsmouth and West Ham into a big four would need the same investment as Abomovich has pumped into turning Chelski from a medium sized club to regular EPL contender. </p>
<p>Football is small fry in business terms, it is a misnomer that it is big business; someone was saying last week that the M&amp;S store in Oxford Street has the same turnover as the whole EP, and  M&amp;S’s overall turnover is comparable to all the top flight leagues in Europe.</p>
<p>Investors in football clubs are not doing it to make big profit, it’s too risky a business, I’m sorry but your argument doesn’t run through. If I had £100m pounds (I wish) to turn one football club around, I would look at Villa, Spurs and Everton as my best options as they have history fans etc in place, then Newcastle, City and Leeds as maybe’s, wouldn’t entertain anyone else.</p>
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		<title>By: derek</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-661</link>
		<dc:creator>derek</dc:creator>
		<pubDate>Wed, 13 Aug 2008 20:40:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-661</guid>
		<description>EUFA only made us £400,00...they make more on sausage rolls on a saturday</description>
		<content:encoded><![CDATA[<p>EUFA only made us £400,00&#8230;they make more on sausage rolls on a saturday</p>
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		<title>By: NSNO</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-658</link>
		<dc:creator>NSNO</dc:creator>
		<pubDate>Wed, 13 Aug 2008 15:08:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-658</guid>
		<description>Very interesting and well delivered article....Are we surviving on our incoming revenue alone then ?
Your figure of 51.4 million, was that our total for last year because finishing 5th, last 16 in EUFA, good cup run in league cup,TV money and gate receipts plus merchandising must bring in more revenue than that....Once we remove wages etc etc , how was B K able to pay himself 10.8 million last year ???</description>
		<content:encoded><![CDATA[<p>Very interesting and well delivered article&#8230;.Are we surviving on our incoming revenue alone then ?<br />
Your figure of 51.4 million, was that our total for last year because finishing 5th, last 16 in EUFA, good cup run in league cup,TV money and gate receipts plus merchandising must bring in more revenue than that&#8230;.Once we remove wages etc etc , how was B K able to pay himself 10.8 million last year ???</p>
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		<title>By: Neil Adams</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-657</link>
		<dc:creator>Neil Adams</dc:creator>
		<pubDate>Wed, 13 Aug 2008 13:58:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-657</guid>
		<description>I think you should revise your numbers for a &#039;takeover&#039; Liam and also come to realise that Tesco are not the only possible developers/enablers. Maybe they are the only developers willing to use Everton for their own ends by relocating them to a small town in Knowsley but once the club commit to either a. redevelopment of Goodison (which would not need an initial cash injection of &#039;between £120 million and £150 million,&#039; or a site closer to the city centre (which would attract other developers/enablers plus various European grants tied to regeneration) then the costs you mention can be significantly reduced;

* Aquiring 51% of shares would be enough to obtain a controlling interest in the club = +/- £25m

* The debt would not have to be initially cleared. The debt is already secured and serviceable (a large chunk of the £66m debt you mention is secured against future season ticket sales). Instead, a potential buyer could guarentee say £50m for squad development to be supplemented by TV rights and placing merit money (plus eventual Champions League money) to be spread over a number of seasons (as we all know transfers these days are paid incrementally.)

* Stadium Development - Given the current regime were apparently able to raise £78m (despite being potless) through the sale of Bellefield/Goodison/naming rights and some additional debt for Kirkby, then your figure of &#039;between £120 million and £150 million&#039; is somewhat disingenious. If there are serious people interested in a &#039;takeover&#039; then a matching of the £78m ringfenced Kirkby money (it does exist right?) would give a total of £156m. More than enough (even without the interest of other developers/enablers) to be getting on with.

There you have it then;

* controlling interest in the club = £25m
* squad development = (initial) £50m + (eventual) TV/placings/CL monies
* Stadium Development  = £80m (plus monies ringfenced for Kirkby)

Total = £155m

(and of course, as has been mentioned, a further rights issue would not be out of the question)

Everton are ripe for a takeover, all that we need now is a willing seller and a willing buyer!</description>
		<content:encoded><![CDATA[<p>I think you should revise your numbers for a &#8216;takeover&#8217; Liam and also come to realise that Tesco are not the only possible developers/enablers. Maybe they are the only developers willing to use Everton for their own ends by relocating them to a small town in Knowsley but once the club commit to either a. redevelopment of Goodison (which would not need an initial cash injection of &#8216;between £120 million and £150 million,&#8217; or a site closer to the city centre (which would attract other developers/enablers plus various European grants tied to regeneration) then the costs you mention can be significantly reduced;</p>
<p>* Aquiring 51% of shares would be enough to obtain a controlling interest in the club = +/- £25m</p>
<p>* The debt would not have to be initially cleared. The debt is already secured and serviceable (a large chunk of the £66m debt you mention is secured against future season ticket sales). Instead, a potential buyer could guarentee say £50m for squad development to be supplemented by TV rights and placing merit money (plus eventual Champions League money) to be spread over a number of seasons (as we all know transfers these days are paid incrementally.)</p>
<p>* Stadium Development &#8211; Given the current regime were apparently able to raise £78m (despite being potless) through the sale of Bellefield/Goodison/naming rights and some additional debt for Kirkby, then your figure of &#8216;between £120 million and £150 million&#8217; is somewhat disingenious. If there are serious people interested in a &#8216;takeover&#8217; then a matching of the £78m ringfenced Kirkby money (it does exist right?) would give a total of £156m. More than enough (even without the interest of other developers/enablers) to be getting on with.</p>
<p>There you have it then;</p>
<p>* controlling interest in the club = £25m<br />
* squad development = (initial) £50m + (eventual) TV/placings/CL monies<br />
* Stadium Development  = £80m (plus monies ringfenced for Kirkby)</p>
<p>Total = £155m</p>
<p>(and of course, as has been mentioned, a further rights issue would not be out of the question)</p>
<p>Everton are ripe for a takeover, all that we need now is a willing seller and a willing buyer!</p>
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		<title>By: Liam White</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-656</link>
		<dc:creator>Liam White</dc:creator>
		<pubDate>Wed, 13 Aug 2008 13:02:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-656</guid>
		<description>I believe that Pompey and West Ham were better aquisitions, not because they are going to be bigger clubs than Everton, but because the initial investment required in Everton is far greater, making it a far greater gamble.  For example Pompey have the potential for large local growth with far less investment required, whilst for Everton to grow significantly and up the revenue significantly, we need far greater funding.</description>
		<content:encoded><![CDATA[<p>I believe that Pompey and West Ham were better aquisitions, not because they are going to be bigger clubs than Everton, but because the initial investment required in Everton is far greater, making it a far greater gamble.  For example Pompey have the potential for large local growth with far less investment required, whilst for Everton to grow significantly and up the revenue significantly, we need far greater funding.</p>
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		<title>By: Andy Naybour</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-655</link>
		<dc:creator>Andy Naybour</dc:creator>
		<pubDate>Wed, 13 Aug 2008 12:13:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-655</guid>
		<description>Sorry But I don’t think you address the real issues here, from where I stand it looks very much to me like the supposed lack of investment is being used by BK to push through the move to Kirkby. The club spin has suggested we will be more of an attractive proposition. 

Having now lived outside of Liverpool for what is now more than half my life, time wise 26 years, the vast majority in the SE of England. During this time whenever I go to a new company without fail there are always Everton supporters, however remote the location. I am sick to death of reading that the likes of Villa and God help if it’s true West Ham, are better propositions than the mighty blues. It’s very simple “I don’t believe it……………. “. During this time down south I have never worked with any Villa supporters, a couple of Barcodes, strangely the second most supported team down south seems to be City. 

Our fan base is bigger than any team outside the Big Four (I hate that phrase Big Four), as the kids outside the major cities support whoever is winning, surely it is simple – improve on the pitch and we will improve financially, both home and abroad.

I don’t know if there is an investor out there suitable for Everton Football Club, but please don’t treat me like an idiot and try to convince me that West Ham, Portsmouth etc are a better proposition for investment.

Just for the record this is my view on all things blue:-

I like BK, but it is becoming increasingly obvious he lies to the fans in order to bull dozer what he wants.
I like DM, I think has done wonders but am also aware of his weaknesses and he is still a young manager learning his trade.
My preference would be to stay at GP, and make ours the only football ground in the EPL as everyone else moves to new stadiums with no atmosphere.</description>
		<content:encoded><![CDATA[<p>Sorry But I don’t think you address the real issues here, from where I stand it looks very much to me like the supposed lack of investment is being used by BK to push through the move to Kirkby. The club spin has suggested we will be more of an attractive proposition. </p>
<p>Having now lived outside of Liverpool for what is now more than half my life, time wise 26 years, the vast majority in the SE of England. During this time whenever I go to a new company without fail there are always Everton supporters, however remote the location. I am sick to death of reading that the likes of Villa and God help if it’s true West Ham, are better propositions than the mighty blues. It’s very simple “I don’t believe it……………. “. During this time down south I have never worked with any Villa supporters, a couple of Barcodes, strangely the second most supported team down south seems to be City. </p>
<p>Our fan base is bigger than any team outside the Big Four (I hate that phrase Big Four), as the kids outside the major cities support whoever is winning, surely it is simple – improve on the pitch and we will improve financially, both home and abroad.</p>
<p>I don’t know if there is an investor out there suitable for Everton Football Club, but please don’t treat me like an idiot and try to convince me that West Ham, Portsmouth etc are a better proposition for investment.</p>
<p>Just for the record this is my view on all things blue:-</p>
<p>I like BK, but it is becoming increasingly obvious he lies to the fans in order to bull dozer what he wants.<br />
I like DM, I think has done wonders but am also aware of his weaknesses and he is still a young manager learning his trade.<br />
My preference would be to stay at GP, and make ours the only football ground in the EPL as everyone else moves to new stadiums with no atmosphere.</p>
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		<title>By: Liam White</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-653</link>
		<dc:creator>Liam White</dc:creator>
		<pubDate>Wed, 13 Aug 2008 11:20:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-653</guid>
		<description>I noticed the spelling mistake when it got published.  Apologies about that.

In regards to the deadly silence and potential share issue, I completely agree.  I believe there should be a share issue to the fans, and give the fans the right to elect a representative onto the board, this would quash any mistrust amongst fans, whilst ensuring the fans still have a say in the club.  However not all fans would be willing or able to pay for new shares, whilst the issue of new shares would decrease the price of shares, so not only would the major shareholders stand to lose many thousands of pounds, but the smaller shareholders, the fans, could also lose a few hundred off the price of their shares, so it might be a controversial move.</description>
		<content:encoded><![CDATA[<p>I noticed the spelling mistake when it got published.  Apologies about that.</p>
<p>In regards to the deadly silence and potential share issue, I completely agree.  I believe there should be a share issue to the fans, and give the fans the right to elect a representative onto the board, this would quash any mistrust amongst fans, whilst ensuring the fans still have a say in the club.  However not all fans would be willing or able to pay for new shares, whilst the issue of new shares would decrease the price of shares, so not only would the major shareholders stand to lose many thousands of pounds, but the smaller shareholders, the fans, could also lose a few hundred off the price of their shares, so it might be a controversial move.</p>
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		<title>By: davey moyes</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-652</link>
		<dc:creator>davey moyes</dc:creator>
		<pubDate>Wed, 13 Aug 2008 11:14:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-652</guid>
		<description>i like many of you other evertonians are just as cheesed off about the lack of investment and transfer activity this summer but to lay the shoulder of blame solely on  bill would be a travesty. I should take most of the blame for not pulling my finger out and signing anybody, and yes you evertonians think the sun shines out of my backside, yet season after season i do the same thing to you all,dilly dally and then by the time i&#039;ve made up my mind who i want all the best players are gone. But yes you do have to blame bill for some of it, after all he has only allowed me to break the clubs transfer record on no fewer than 3 occasions in 3 seasons so why you all blame bill and the board for their failings i can sit quietly in the shadows allowing them to shoulder the blame for my misgivings</description>
		<content:encoded><![CDATA[<p>i like many of you other evertonians are just as cheesed off about the lack of investment and transfer activity this summer but to lay the shoulder of blame solely on  bill would be a travesty. I should take most of the blame for not pulling my finger out and signing anybody, and yes you evertonians think the sun shines out of my backside, yet season after season i do the same thing to you all,dilly dally and then by the time i&#8217;ve made up my mind who i want all the best players are gone. But yes you do have to blame bill for some of it, after all he has only allowed me to break the clubs transfer record on no fewer than 3 occasions in 3 seasons so why you all blame bill and the board for their failings i can sit quietly in the shadows allowing them to shoulder the blame for my misgivings</p>
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		<title>By: Terry</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-651</link>
		<dc:creator>Terry</dc:creator>
		<pubDate>Wed, 13 Aug 2008 10:58:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-651</guid>
		<description>:evil:</description>
		<content:encoded><![CDATA[<p> <img src='http://followeverton.com/wp-includes/images/smilies/icon_evil.gif' alt=':evil:' class='wp-smiley' /> </p>
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		<title>By: Terry</title>
		<link>http://followeverton.com/2008/08/13/kenwright-out-investmentor-in-%e2%80%93-everton-suffering-after-missed-opportunity/comment-page-1/#comment-650</link>
		<dc:creator>Terry</dc:creator>
		<pubDate>Wed, 13 Aug 2008 10:56:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.followeverton.com/?p=176#comment-650</guid>
		<description>Very well written Liam,

But both the PR spin &amp; deadly silence from BK and DM speaks volumes about how desperate our situation is.

Why hasn&#039;y DM signed a new contract?
Why has Wyness gone?
Why did we pursue a course for the new stadium that was destined to failure?
Where has the Sky Money, Rooney Money Drip Feed, Gate Revenue, Merchandising, Hospiatality, Sponsorship and Johnson money gone?
Why is it that with 3 days to go to the start of the new season, we have a not added numbers to the squad?

Just look around the premiership the likes of Villa, Spurs, Portsmouth all building on last seasons performance, yet we stagnate, why?

To many questions not enough answers  :evil: 
Why is that with</description>
		<content:encoded><![CDATA[<p>Very well written Liam,</p>
<p>But both the PR spin &amp; deadly silence from BK and DM speaks volumes about how desperate our situation is.</p>
<p>Why hasn&#8217;y DM signed a new contract?<br />
Why has Wyness gone?<br />
Why did we pursue a course for the new stadium that was destined to failure?<br />
Where has the Sky Money, Rooney Money Drip Feed, Gate Revenue, Merchandising, Hospiatality, Sponsorship and Johnson money gone?<br />
Why is it that with 3 days to go to the start of the new season, we have a not added numbers to the squad?</p>
<p>Just look around the premiership the likes of Villa, Spurs, Portsmouth all building on last seasons performance, yet we stagnate, why?</p>
<p>To many questions not enough answers  <img src='http://followeverton.com/wp-includes/images/smilies/icon_evil.gif' alt=':evil:' class='wp-smiley' /><br />
Why is that with</p>
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