Usmanov sells Arsenal shares to Kroenke

In an unexpected move Alisher Usmanov has agreed to sell Red & White Securities  30.04% stake in Arsenal to his arch rival Stan Kroenke. The deal was announced by the Nex Stock Exchange at 7am this morning. https://www.nexexchange.com/announcements?newsid=4098237 As a result of this transaction, Usmanov is no longer restricted in buying shares or acquiring an […]

Risk comes from not knowing what you’re doing.

One of the world’s greatest investors, Warren Buffett was once asked to define risk. There are a multitude of definitions, strategies and papers written on the subject, every Business School in the world including Harvard, devotes huge amounts of time and intellectual capital into defining, identifying and more often than not, negating risk. Buffett’s answer […]

Time for boldness

Whilst attention understandably has switched to the final games of the most disappointing season imaginable and particularly the leaving date of the soon to be departed Allardyce and CEO Robert Elstone, it’s probable matters are coming to a head in the boardroom regarding the final budgets, design and capacity of Bramley -Moore. It’s a well-worn […]

The Bramley-Moore capacity debate

The great Bramley-Moore capacity debate rumbles on with seemingly contradictory comments in recent weeks, vacillating from greater ambition as stated at the beginning of the year to a more cautious approach last week “future-proofing” not growth. This was topped yesterday by the club’s official statement regarding 99% of respondents wished to have a stadium with […]

The Business case for a smaller capacity?

On 16th March, Robert Elstone attended the Downtown in Liverpool business breakfast, “The Everton Stadium and associated regeneration”. During the course of his comments he discussed the business case for capacity, executive/premium seating and the overall costs of the project. His view was that the business model was “tight”. The context being how much incremental […]

Unnecessary caution at business breakfast meeting on Bramley-Moore

This morning saw the greatly anticipated business meeting “Everton Football Stadium and Associated Regeneration” hosted by “Downtown in Business” featuring Everton’s current CEO, Robert Elstone and Liverpool City Council Mayor, Joe Anderson.   The meeting was split into two parts, Robert Elstone speaking first followed by Joe Anderson. I don’t intend going through the meeting […]

The role of a Sporting Director and why Everton need one.

Let’s start with the need first. It’s my belief that a sporting director is needed for many reasons, not only at Everton but among all clubs with the ambition to succeed. It’s needed at corporate and shareholder level, and most importantly needed for sporting performance reasons.   Too big a role? With the size of […]

All Change! after two years, big changes anticipated ahead

There’s a lot of change coming at Everton It’s almost two years since Farhad Moshiri acquired 49.9% of Everton Football Club, to be precise February 27th will mark the two year anniversary. What an interesting two years it has been! It’s been far from plain sailing on the pitch despite the record levels of transfer […]

Some analysis of the proposed funding scheme for Bramley Moore:

So how does a City Council suffering from acute spending cuts borrow £280 million?   Since 2004, major local authorities have been able to borrow (mainly for capital projects) without government consent, provided they can afford the borrowing costs, a limit defined by “prudential” borrowing guidelines. Put simply if a council met the guidelines then […]

Update on Bramley Moore financing following Annual General meeting

This article focuses on the Bramley Moore stadium and the details provided regarding the proposed funding arrangements. I suppose the first thing to say is that it is clear that there are still a huge number of variables, many beyond the control of the club, so pinpointing precise numbers is all but impossible. However, it […]

The boards of the ‘big 6’ and the challenge for Everton

Arguably Premier League football is a heavily subsidised business. Subsidised by the riches of broadcasting rights which have grown exponentially over the last 25 years ago. Participation in the Premier League has guaranteed levels of income not dreamed of even 10 years ago. However, it is often argued by economists that subsidised businesses or sectors […]

Analysis of Everton Annual Report & Accounts to 31st May 2017

With rather odd timing, Everton published their 2016/17 Annual Report & Accounts on the weekend immediately before Christmas resulting in almost no press comment. I do hope that the Annual General Meeting on 9th January 2018 will result in more publicity. It is a great shame as the Accounts published are the most notable for […]