MikeO Posted September 5, 2015 Report Share Posted September 5, 2015 Bill was seventy yesterday so a belated happy birthday to him . Hopefully he'll have many more. http://www.liverpoolecho.co.uk/news/bill-kenwright-70-profile-very-9984074 London Blue, Matt and rubecula 3 Quote Link to comment Share on other sites More sharing options...
duncanmckenzieismagic Posted September 11, 2015 Report Share Posted September 11, 2015 http://www.liverpoolecho.co.uk/sport/football/football-news/bill-kenwright-insists-everton-fc-10032007 Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted September 11, 2015 Report Share Posted September 11, 2015 http://www.liverpoolecho.co.uk/sport/football/football-news/bill-kenwright-insists-everton-fc-10032007 We aren't a buying club either. The standard 20m transfer budget isn't anything to write home about and our current financial situation means we can't be paying out bigger wages to lure in players either. So in essence we are only a selling club when we need actual difference making players for the starting 11 (fellaini for Lukaku) Quote Link to comment Share on other sites More sharing options...
Makis Posted September 11, 2015 Report Share Posted September 11, 2015 Some more interesting stuff from WatchedToffee but I guess the know-alls knew this all along. http://evertonviral.com/unmasking-the-power-behind-the-throne/ Quote Link to comment Share on other sites More sharing options...
Hafnia Posted September 12, 2015 Report Share Posted September 12, 2015 Some more interesting stuff from WatchedToffee but I guess the know-alls knew this all along. http://evertonviral.com/unmasking-the-power-behind-the-throne/ I believed that there were things that didn't add up all along, the strength behind it is gathering. Yes done very well. Apparently some media are starting to take note. It's been clear as day that we have been hand cuffed and pillaged by green. Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted September 18, 2015 Report Share Posted September 18, 2015 http://www.espnfc.us/arsenal/story/2618969/arsenal-have-1931-million-in-cash-reserves-as-profits-rise the new stadium is paying off massive dividends for them as well as being debt free. what a contrast in situations, i hope one day we can be debt free like this. Quote Link to comment Share on other sites More sharing options...
StevO Posted September 18, 2015 Report Share Posted September 18, 2015 It's a very different situation Mark. They use their stadium seven days a week, every week. We don't even fully book the function rooms that we have now, let alone even more. They make just as much from that stadium from none match day as they do from match day. Hats off to them though, they did a great job at Arsena with that. Even they didn't expect to have it paid off so quickly. Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted September 18, 2015 Report Share Posted September 18, 2015 It's a very different situation Mark. They use their stadium seven days a week, every week. We don't even fully book the function rooms that we have now, let alone even more. They make just as much from that stadium from none match day as they do from match day. Hats off to them though, they did a great job at Arsena with that. Even they didn't expect to have it paid off so quickly. i didn't realize that steve thanks for bringing that up. so if we built a new stadium with all the modern ammenities and such, would you have more confidence it would be booked on non-match days? or do you think it would be more of the same just bigger stadia? wenger kept that transfer kitty tight for so many years too though, even though they spend a lot it's not liverpool just throwing away 50m contracts .....ahem firmino....ahem Quote Link to comment Share on other sites More sharing options...
MikeO Posted September 18, 2015 Report Share Posted September 18, 2015 It's a very different situation Mark. They use their stadium seven days a week, every week. We don't even fully book the function rooms that we have now, let alone even more. They make just as much from that stadium from none match day as they do from match day. Hats off to them though, they did a great job at Arsena with that. Even they didn't expect to have it paid off so quickly. Soulless place though according to several long standing season ticket holders I know and other fans I've met in recent years. Great money machine yes but they'd still rather have Highbury. Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted September 18, 2015 Report Share Posted September 18, 2015 Soulless place though according to several long standing season ticket holders I know and other fans I've met in recent years. Great money machine yes but they'd still rather have Highbury. great point mike. once i get enough scratch together i'd love to see a match at the old lady and i'm worried if we got some new joint it wouldn't have the character and charisma of goodison. pros and cons to everything i guess. Quote Link to comment Share on other sites More sharing options...
StevO Posted September 18, 2015 Report Share Posted September 18, 2015 That it may be Mike, but then I think that of any new stadium. It needs to see decades of occasions to give it that life. Like when I go to GP I know the likes of my Grandad saw great days there, it's things like that that give GP it's soul for me. In terms of stadiums, I've been to a few, the Emirates is right up there with the best. Let's not forget they used to call Highbury the Library. Mark I still don't think we would fill it so much on non match days. Liverpool isn't anywhere near as busy as London. I just don't think there is a market for it. Maybe if we got the docks all them years ago we might have had more chance with it being in the city centre. But I don't see many businesses using a facility in Walton. MC11 1 Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted September 23, 2015 Report Share Posted September 23, 2015 http://www.espnfc.us/arsenal/story/2626696/arsenal-fans-slam-staggering-3-million-stan-kroenke-payment arsenal owner taking money from the club in broad daylight. Quote Link to comment Share on other sites More sharing options...
Lowensda Posted September 23, 2015 Report Share Posted September 23, 2015 That is always the issue with big money owners. You have to pick the right one, otherwise they'll take more than they put in. Quote Link to comment Share on other sites More sharing options...
duncanmckenzieismagic Posted September 23, 2015 Report Share Posted September 23, 2015 http://www.espnfc.us/arsenal/story/2626696/arsenal-fans-slam-staggering-3-million-stan-kroenke-payment arsenal owner taking money from the club in broad daylight. Bill Kenwright is probably bullying him and forcing him to put dirty money through Arsenals books then give it to him because the BU have rumbled his Goodison money laundering operation Deacs 1 Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted September 23, 2015 Report Share Posted September 23, 2015 (edited) Bill Kenwright is probably bullying him and forcing him to put dirty money through Arsenals books then give it to him because the BU have rumbled his Goodison money laundering operation good try but it's not dirty money. he pays his own company a 3m consulting fee a year. so basically just gets 3m a year for being owner plus the wages/bonuses he has as well. this sort of thing would be illegal in the US but like i've said before your finance laws are different. This has passed the all finding "audit" as well, completely legal and above board. Supporter's Trust isn't happy and he didn't explain why or for what, doesn't have to. Edited September 23, 2015 by markjazzbassist Quote Link to comment Share on other sites More sharing options...
MikeO Posted September 23, 2015 Report Share Posted September 23, 2015 good try but it's not dirty money. he pays his own company a 3m consulting fee a year. so basically just gets 3m a year for being owner plus the wages/bonuses he has as well. this sort of thing would be illegal in the US but like i've said before your finance laws are different. This has passed the all finding "audit" as well, completely legal and above board. Supporter's Trust isn't happy and he didn't explain why or for what, doesn't have to. I don't get your point. How is this in any way relevant to the thread title? It's legal and we could do it if we wanted but we don't :dont know:? Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted September 23, 2015 Report Share Posted September 23, 2015 I don't get your point. How is this in any way relevant to the thread title? It's legal and we could do it if we wanted but we don't :dont know:? sorry mike should have put it longest sporting thread. just thought it was relevant to our financial debates. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted September 23, 2015 Report Share Posted September 23, 2015 Bill Kenwright is probably bullying him and forcing him to put dirty money through Arsenals books then give it to him because the BU have rumbled his Goodison money laundering operation Ballsy bastard, you mean he hasn't tried taking out a loan with a company he owns like vibrac paying himself payday loan interest rates? Thats what shady blokes who secretly own football clubs do. Quote Link to comment Share on other sites More sharing options...
MikeO Posted September 23, 2015 Report Share Posted September 23, 2015 Ballsy bastard, you mean he hasn't tried taking out a loan with a company he owns like vibrac paying himself payday loan interest rates? Thats what shady blokes who secretly own football clubs do. It's barely worth mentioning because it'll fall of deaf ears but Vibrac loans are supposed to be around 10% (for the number of clubs that use them, we're not alone but again that's always ignored) while payday loans come in at around 3,000/4,000%. Slight difference. But why let that little fact get in the way of a good and oft repeated cliché? StevO 1 Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted September 23, 2015 Report Share Posted September 23, 2015 It's barely worth mentioning because it'll fall of deaf ears but Vibrac loans are supposed to be around 10% (for the number of clubs that use them, we're not alone but again that's always ignored) while payday loans come in at around 3,000/4,000%. Slight difference. But why let that little fact get in the way of a good and oft repeated cliché? damn mike, you wanna open a payday loan business? lol 4000 percent? wouldn't be able to sleep at night charging people those rates, yikes. Quote Link to comment Share on other sites More sharing options...
MikeO Posted September 23, 2015 Report Share Posted September 23, 2015 damn mike, you wanna open a payday loan business? lol 4000 percent? wouldn't be able to sleep at night charging people those rates, yikes. It happens over here, complete disgrace that has caused huge amounts of people untold misery, no idea if it happens in the States. Used to be called usuary, now it's legal. Wonga are a big one, recently cut their rates so the example (best case scenario obviously) they give on their front page is 1,500% APR. I know people go into these with their eyes open (or should do) but people end up taking out loans to pay off loans to pay off loans. Small proportion of people use them when their wages come up a bit short one month and repay the next week, but overall the practise is despicable imo. Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted September 23, 2015 Report Share Posted September 23, 2015 It happens over here, complete disgrace that has caused huge amounts of people untold misery, no idea if it happens in the States. Used to be called usuary, now it's legal. Wonga are a big one, recently cut their rates so the example (best case scenario obviously) they give on their front page is 1,500% APR. I know people go into these with their eyes open (or should do) but people end up taking out loans to pay off loans to pay off loans. Small proportion of people use them when their wages come up a bit short one month and repay the next week, but overall the practise is despicable imo. Yeah they have them here in the us as well, just looked it up and it says 400-500 interest rates. Still awful. I know Obama is trying to get some legislation passed to regulate them more to prevent what you said above. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted September 24, 2015 Report Share Posted September 24, 2015 It's barely worth mentioning because it'll fall of deaf ears but Vibrac loans are supposed to be around 10% (for the number of clubs that use them, we're not alone but again that's always ignored) while payday loans come in at around 3,000/4,000%. Slight difference. But why let that little fact get in the way of a good and oft repeated cliché? A payday loan isn't defind by its interest rates, its what it does - a short term loan taken out in advance of money coming in - which in our case is TV money. Now given LIBOR (rates banks borrow from each other) currently and for quite some time has stood at 0.1% - a 10% charge from a company that seems to be suspiciously owned by the person who owns our club charging that rate on amounts in the region of £30m is pretty much £3m. Of course its all conjecture, and I'm sure no one want to think that people who own Everton will try and cream money off us - but for me at least Big Stan at Arsenal hasn't tried to hide it. Quote Link to comment Share on other sites More sharing options...
StevO Posted September 24, 2015 Report Share Posted September 24, 2015 A payday loan isn't defind by its interest rates, its what it does - a short term loan taken out in advance of money coming in - which in our case is TV money. Now given LIBOR (rates banks borrow from each other) currently and for quite some time has stood at 0.1% - a 10% charge from a company that seems to be suspiciously owned by the person who owns our club charging that rate on amounts in the region of £30m is pretty much £3m. Of course its all conjecture, and I'm sure no one want to think that people who own Everton will try and cream money off us - but for me at least Big Stan at Arsenal hasn't tried to hide it. That is true, but you did say "payday loan interest rates", so i think thats why Mike jumped on it. Quote Link to comment Share on other sites More sharing options...
MikeO Posted September 24, 2015 Report Share Posted September 24, 2015 That is true, but you did say "payday loan interest rates", so i think thats why Mike jumped on it. And the implication is obvious. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted September 24, 2015 Report Share Posted September 24, 2015 That is true, but you did say "payday loan interest rates", so i think thats why Mike jumped on it. I dont see how 10% is reasonable - on 95% mortagages the SVR's are around 3.5%. 10% on a £30m loan is £3m.... so in relative terms what Kroenke is doing aint much different to what Green/Earl is doing. Quote Link to comment Share on other sites More sharing options...
rubecula Posted September 24, 2015 Report Share Posted September 24, 2015 With Bill getting on a bit and not being in the best of health, who should we be hoping for as a successor? I will be sorry to see him leave as he has always been a Blue. I hope whoever takes his place loves the club as much. Quote Link to comment Share on other sites More sharing options...
duncanmckenzieismagic Posted September 24, 2015 Report Share Posted September 24, 2015 I just hope he finds the right people to take over, it's got to be real big professionals at what they do. According to the Buffoon Union that doesn't matter, he just needs to leave the keys behind the bar in The Winslow Quote Link to comment Share on other sites More sharing options...
StevO Posted September 25, 2015 Report Share Posted September 25, 2015 According to the Buffoon Union that doesn't matter, he just needs to leave the keys behind the bar in The Winslow To be honest Dunc, and im no big supporter of the BU, i think thats doing them a big diservice. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted September 25, 2015 Report Share Posted September 25, 2015 To be honest Dunc, and im no big supporter of the BU, i think thats doing them a big diservice. To most fans who want Kenwright and co gone - the Blue Union are as easily dismissed as one of elstones or kenwrights soundbites, and taken just as seriously. So I really don't know why they are continuously quoted by dunc when WatchedToffee has been the most recent and pretty heavy hitting critic. Funny isn't it - watchedtoffee is in no way affiliated with the B.U, not every person who wants this shower gone is. Quote Link to comment Share on other sites More sharing options...
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