Bank unfair on Toffees.

Everton cannot compete in the transfer market because their bank is
refusing to grant credit.
Bank hindering deals, says Everton chief Bill Kenwright
Everton's transfer plans are being hampered by their inability to borrow from the bank, chairman Bill Kenwright has said.

The Toffees have not signed any players this summer, leading to much frustration amongst their supporters.

"We've come to a stage with our bank where we just can't borrow any more," Kenwright told Sky Sports News.
"The banks are tightening in. We just can't borrow any more money, to protect the football club and the fans."

Kenwright added: "The world is in a recession and I don't know any business that isn't suffering at the moment and I include football in that, other than the financial elite.

"At the AGMs, EGMs, the shareholders' meeting I've said year after year, what we do is we beg and borrow from the bank. That's what we've been doing."
http://news.bbc.co.uk/sport1/hi/football/14570624.stm

 

Not being from Liverpool means I don't share the rivalry most scouse fans have with the toffees and while I'm a Liverpool fan, I'm also a football fan. I hope they sort this out

 

I think its not the bank being unfair but kenwright.

why?

1. I don't know enough baout evertons actual debt to be going and saying they should or should not borrow to spend.

2. These guys let young players swan off on frees through rank bad organisation.

3. frankly kenwright is a hangover from the 80's like moores was for us. I think he doesn't get what he had and could have built, he doesn't seem willing to compete.

For me Everton had a position in the late 80s where they could have kicked on, they have the stadium with 40odd thousand in every week. they could have had the international name too and merchandising and revenue streams. again they have not developed like other clubs have in the premiership era.

its a slippery slope from here cos moyes has played them into trouble on more than one occasion at the start of seasons, they have alwys come back well in the end but if they get it wrong they could really struggle.

my exanples of clubs that have developed in the prem.

1. Obviously utd, they built old trafford up to what it is on the basis of thier success.
2. Arsenal. when bergkamp was signed it was quoted as a 7million huge gamble with the clubs future. they've now gone on under wenger from 1998 to 2004 to have the success and built thier stadium and merchandising up as a result.
3. Chelsea. they've built on foundations of sand under bates but were famous enough to get Abramovich to come in.
4. Tottenham. wow... never built the gorund, trying to steal west hams but they've developed thier financial muscle up thorugh the years too.
5. Bolton - yes bolton, the reebok, the team under Fat sam, they've quietly built and built.
6. sunderland - built the stadium but needed to be saved by niall quin form doom. bad owners replaced by good and now they are thriving.
7. fulham - perhaps controversial but this is a team thats got no right to be in the prem... not really, they've survived and thrived and leaving aside the whacko jacko statue their owner has not let them build a stadium etc but has gotten in guys to keep the thing going. they are pucnhing way above their weight year on year.


examples of teams who've not built anything.

1. portsmouth. example of mad rules on onwership and fans treated like dirt.
2. west ham, same story as pompey. they've bounced up and down and wasted so manychances with young talents by selling on.
3. Southampton. they built the stadium but they maybe shouldn't have.
4. everton - have somehoe construed to waste the money they had on the likes of yakubu, not built at all on europeean footabll that they had, stayed small.
5. Villa - the stadium never developed, the squad is small, the managers came and went. they have a chance but appoint mcleish... will the next generation of young stars there be wasted?
6. middlesboro. they had it all but the problem was a chairman who couldn't see the truth if it slapped him in the face, not once but twice relegated due to managerial blunders. Now look at them.
7. Blackburn. 1995 jack walkers greatest day, since he's died and left the club to a trust they have ruined it all by seelling to indian chicken farmers who have no clue. Not enough fans and no sense.
8. leeds - the most famous disaster of them all.
9. newcastle. a total nightmare of madness and overspending. sakcing good managers appointing bad ones and the squandering of a unique chance to become a dominant team in the prem.

So where do you think everton (or liverpool) sit in the lists of clubs who build on success or just waste thier chance.

 

Bozz.

When I was young, the relationship between us and the BS was very good. In certain ways, it still is - people from the same family supporting either (SaintAnton for example).

Things started to go wrong with the ban of English teams from European competition following Heysel. At that time, Everton were a very good side, and they'd won the league, but couldn't go into the European Cup. I thinks some of the younger ones then developed a hatred for us which has grown over the years.

Personally, I have a lot of time for Everton, barring at our expense. I've never been able to understand why no-one has come in and bought them. They could be huge - just not as huge as us, but much bigger than yernited as they come from Liverpool. I wish them well in these difficult times, and that's genuine.

 

How?

Everton get the Sky money, gate reciepts, merchandise and players sales... I think Everton fans should be asking Kenwright where the money has gone.

 

Bozz
Seeing as Everton are a far bigger club than Chelsea and always were and always will be, I hope they don't go the same way as West Ham.
West Ham were Englands answer to Ajax with a youth system that is second to none. A lot of people talk about Man Uniteds youth system of the early 1990s and I'm not discrediting that, but West Hams was superior. However United were successful with theirs, West Ham in a way like Ajax were a feeder club for everyone else.
There is a few clubs with West Ham academy graduates in it.
Man United: Michael Carrick and Rio Ferdinand
Liverpool:Glen Johnson and Joe Cole.
Chelsea:Frank Lampard.
Sunderland:Anton Ferdinand.
Tottenham: Jermaine Defoe.
There could be more, but I can't think of them off the top of my head at the moment.

 

from an everton perspective i fully understand why the bank wont lend us money its simple we cant pay it back , are turnover is covered by wages and the traiing complex nothing left for anything.

kenwright i am undecided on he needs to sell but i agree we dont just sell to anyone look what happend to most of the clubs bought in the last 5 years, they have either been relegated or gone into administration, city the obvious winners from a buyout not many other including yourselves and united, however your new owners seem ok for now, (hicks and gillette were spending at first too).

we need to sell to buy i dont see that as a bad thing as thats how businesses run, your get products you sell it and your aqumilate more stock, our stock being players, we have to admit for the time being we are a stepping stone club punching above our weight.

oh how things would have been different had we got the kings dock £30 million was all we needed why didnt rooney come on the scene 2 years earlier, now were looking at hundreds of millions for an ikea shed, had we got kings dock i think we would have had the billionaire buyout other lucky clubs have had, but we will never know.

 

posted twice for some reason

 

John Henry has spent his own money, or NESV's money, Hicks and Gillett never did. That's the difference.

And clubs like Stoke aren't selling to buy.

Kenwright is just hilarious at times "Every club wants to be like Everton", yeah, every club wants to spend the square root of **** all in every transfer window.

 

Raaaul, ah but you didnt know that at the time, not a bad word could be said about hicks and gillett until the final 12 months, and only when rafa started making noise.

stoke have still got money from when they were promoted they didnt really spend, it would probably be in everton intrest to get relegated and get promoted.

at the end of the day raaaaul if kenwright doesnt have any money he doesnt have any money, but lets make this clear kenwright gets alot of the blame he is only the chairman and owns a small amount of the club, the major shareholders invest nothing into the club but nothing is ever mentioned about that and some of them a majorly wealthy individuals.

the clubs revenue pays for all the training facilities most of which put into youth development and wages thats it after that its all gone, the ppl on the board never take a dividend.

i would rather us run like this and live within our means rather than run the line of going the high court and be moments away from administration would you not? club survival is paramount over anything. short term success gets you nothing look at birmingham leeds portsmouth for that no brainer.

and the major stumbling block with any sale is the STADIUM thats the top and bottom of it, like i say had we got kings dock things would be very different.

 

Why don't the people on the board invest? If they are all wealthy and are on the Everton board, why don't they put some money into the club?

What's the point of being on the board of Everton if you put nothing into the club? Espically if the people on the board don't take anything out of the club...

 

ChrisWood_LFC very good question but thats the million dollar question, personally the board and club officials aint got a business bone in their body we negotiated a deal le coq for less than nike because they would pay upfront, wew played all away games this pre season, yet we wait for the day of our only home game to bring in the painters for a live tv game, its beggards belief what goes on behind the doors at goodison it really is

 

Your club made a few million from when they sold Bellefield,Where did the money from that go?

Everton getting outbid by £50,000 by Leeds for a player is an embarrassment Lettuce.

Kenright is holding the blues back from being sold because he loves the limelight,EFC are lucky to have Moyes and hes doing a fantastic job working under terrible finacial restrictions,EFC would be relegated under another manager.

 

Page_Moss_Kopite all that money paid of existing debt, basically the money we loaned fro phil green for yak and fella, he called it quits when we accepted a 3 million bid from spurs for pienaar, his condition was if we accept the debt will be wiped clean, so thats a load off our backs anyway.

i agree its an embarrasement but thats the situation we are in,m but its down to the commercial side of the bussiness and how its run, take middlesborough for example they get more in shirt manufacturing and sponsorship than we do and they are in the championship, the ppl negotiating the deals aint got a clue.

Kenright is holding the blues back from being sold because he loves the limelight - what limelight lol, he is never in the public eye this is the first time since this time last year when he said the same thing lol, hardly limelight when your rubbished by a large proportion of fans.

 

I'm not from Liverpool, but I was from "close enough" that during the 80's in school all my friends were "reds or blues" (at least until high school (which coincided with United's return to the helm- then some started turning to "the Devil").

In fact the reason I became a Liverpool fan (I wasn't interested in 'watching' football as a kid) is because everyone kept asking me if I were red or blue- and I liked the colour red better... to think if I liked blue better today I would be bitter and jaded!

As a child at least there was no animosity between the two sets of fans- it was merely a preference much as "apple juice" or "orange juice is".

My son calls Everton the "bad Liverpool" (because they're from Liverpool- but not the team we support)... he doesn't hate them though.

Anyhow- I personally hope this all goes well for the Toffees. An ideal league table would end up with Liverpool and Everton at the top... well Chester 2nd, but that's unrealistic.

 

Arabian Expat- are you lettuce from 606?

 

Everton getting outbid by £50,000 by Leeds for a player is an embarrassment Lettuce.
Come on lettuce

 

When i say limelight i dont mean under the microscope,Im on about he loves being in the eye of the camera and giving interviews about his love of Everton etc.

The prick should've done the decent thing for the blues fans and EFC a long time ago and sold the club.

 

He sure is

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I love the photo... Reminds me of this:

http://www.bbc.co.uk/news/uk-england-hampshire-11380834