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Another Egm Requested!

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Fellow shareholder letter - http://www.scribd.com/doc/5363883/Fellow-shareholder-letter

 

The Directors/Company Secretary

Everton Football Club Limited ("the Company")

Goodison Park

Liverpool

L4 4EL

 

REQUISITION BY MEMBERS OF EXTRAORDINARY GENERAL MEETING

 

(Section 303 Companies Act 2006 and Article 10.3 of the Company’s Articles of Association)

 

Dear Sirs

 

We, the undersigned, being not less than one-fifth in number of members of the company as at the date of this notice REQUIRE you forthwith to proceed to convene a general meeting of the Company for the purpose of

 

1. Obtaining from the Board of Directors their comments on the financial performance of the club over the past eight years and under the chairmanship of Mr Kenwright and his fellow directors, specifically;

 

1.1 the effect on the football club of the decision to implement a policy of outsourcing commercial activities.

 

1.2 the effect and current status of implementing a policy of asset disposal and utilization.

 

1.3 the current level of debt and the club’s ability to service that debt whilst operating as a football club in the English Premier League.

 

1.4 the effect of relocating or not relocating in respect of the club’s ability to generate sufficient funds to meet current financial commitments.

 

1.5 the ability of the board to generate sufficient revenue to enable Everton Football Club to be competitive in a transfer market dominated by wealthy football club benefactors.

 

1.6 clarification concerning the sudden departure of both Trevor Birch and Keith Wyness from their role as CEO of Everton Football Club.

 

2. Obtaining from the Board of Directors actual details and a full account of past, present and future investment in the football club, specifically;

 

2.1 the level of actual investment into the club made by each individual member of the board directors above and beyond their acquisition of shareholding.

 

2.2 actual details and a full account of the search for additional outside investment undertaken in recent years in relation to the aforementioned financial performance of the football club.

 

2.3 clarification of approaches made to the board concerning any interest to acquire a major shareholding in the club and also clarification of the board’s interpretation of investment and whether or not the club is genuinely open to offers of external investment.

 

2.4 the extent of Sir Philip Green’s involvement in Everton Football Club.

 

2.5 an overview of the financial strategy that the club intends to implement over the next three years in relation to the aforementioned financial performance in recent years

 

3. Obtaining from the Board of Directors clarification of the situation to secure the services of David Moyes beyond his current contract in light of media statements that Mr Moyes wishes to work at a club that can match his ambition.

 

4. Obtaining from the Board of Directors further comments on the stadium issue, specifically;

 

4.1 the benefits of the exclusivity deal that is preventing the club from fully exploring alternative solutions to the stadium issue.

 

4.2 the concerns raised and potential effects on the clubs business strategy due to anticipated problems with the proposed transport plan at Kirkby which may deter supporters from attending football matches.

 

4.3 in light of the chairman’s comments that Goodison Park may soon struggle to attain a safety certificate.

 

5. To have a show of hands to pass a resolution, on receipt of the answers given by the board to the aforementioned questions, in relation to the shareholders confidence in the ability of the board to act in and secure the best long term interests of Everton Football Club.

 

New EGM Petition - http://www.scribd.com/doc/5363857/New-EGM-Petition

 

 

Bloody hell, the pressure is well and truly on the board now!

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Christ, its all going to kick off isn't it.

 

I, for one, would love to know the answers of even half of those questions. In particular;

 

1.4 the effect of relocating or not relocating in respect of the club’s ability to generate sufficient funds to meet current financial commitments.

 

1.5 the ability of the board to generate sufficient revenue to enable Everton Football Club to be competitive in a transfer market dominated by wealthy football club benefactors.

 

1.6 clarification concerning the sudden departure of both Trevor Birch and Keith Wyness from their role as CEO of Everton Football Club.

 

2.4 the extent of Sir Philip Green’s involvement in Everton Football Club

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I was surprised to see another one proposed so close to Wednesday to be honest. I don't think Bill Kenwright will look forward to that one bit.

 

i think they are expecting more lies from BK at the first one, so getting prepared for round two. i cant wait to see him sweat

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2.1 the level of actual investment into the club made by each individual member of the board directors above and beyond their acquisition of shareholding.

 

That's going to cause pandemonium.

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On the investment front I see that Man City have managed to get 2 takeovers in the last year and we can't seem to find anyone.

 

But am sure they are looking for investment in the club :huh:

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Liverpool Daily Post are suggesting that Everton may have it at unsocial hours to make it hard for people to attend:

 

A GROUP of renegade Everton FC shareholders want to call a vote of no confidence in the club’s board of directors at a second Extraordinary General Meeting.

 

The shareholders have already managed to force an EGM tomorrow night to discuss the proposed move to Kirkby.

 

But shareholder and quantity surveyor Mark Grayson feels more than 300 disgruntled shareholders will be ignored by the club’s bigger hitters tomorrow.

 

Now he is threatening to keep calling EGMs until his point is made, a move the club last night condemned as “expensive and ineffective”.

 

Mr Grayson said: “We had a meeting with the acting chief executive, Robert Elstone, on August 14 to discuss the protocol to be observed on the night of the EGM. We were concerned by the club’s reluctance to offer shareholders a show of hands vote to formally approve or reject the Kirkby proposals now that facts relating to the ground move are known.

 

“The club has made it clear there will not be a formal show of hands, but a poll vote meaning the major shareholders will be able to override the wishes of the 1,500 or so minor shareholders should they disagree on the merits of the Kirkby scheme.”

 

Mr Elstone also ruled out any discussion of items not on the proposed agenda, meaning disgruntled shareholders believe their concerns will not get a full airing.

 

Mr Grayson said: “What we want is to have a fresh vote for the fans as we had last December, but that has been dismissed out of hand.

 

“Mr Elstone has said that questions from the floor in relation to other related issues such as investment, transfers and the like will be out of bounds on the night.”

 

As a result, he has put in a second requisition for a follow-on EGM to propose a vote of no confidence and indicated that more meetings could be called.

 

He added: “We are going to keep going through the motions and will keep at it until the views of the majority of the shareholders are listened to.”

 

However, Everton’s spokesman Ian Ross, said the EGMs were expensive and ineffective.

 

He said: “It’s highly expensive and uses a lot of man hours to hold these meetings.

 

“It easily runs into several thousand pounds.

 

“As for the prospect of ongoing EGMs, as has been suggested, I think it’s a little premature to discuss a second EGM before the first has even taken place.”

 

Should further EGMs be called, Everton could adopt a tactic employed by other Premier League clubs which have named the time and place of successive EGMs by calling them at inconvenient places at anti-social hours.

 

Everton and Tesco’s £400m plans to build a superstore and stadium in Kirkby will go to public inquiry to be held in the town on November 18.

 

A final decision from Whitehall may not be reached until as late as July next year.

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there is only one question to ask...how come Man City look more attractive to buy than us? They finished lower than us, their stadium is only leased (so would our new one, if we ever get it).

 

How come, when the ADUG listed the teams they looked at, Everton were not one of them? Newcastle, Shite, Man City - - but no Everton.

 

In the last 5 years. United, Liverpool. Chelsea, Portsmouth, Villa, Newcastle and now Man City have all had massive takeovers...why are we always overlooked???

 

Simple question

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there is only one question to ask...how come Man City look more attractive to buy than us? They finished lower than us, their stadium is only leased (so would our new one, if we ever get it).

 

How come, when the ADUG listed the teams they looked at, Everton were not one of them? Newcastle, Shite, Man City - - but no Everton.

 

In the last 5 years. United, Liverpool. Chelsea, Portsmouth, Villa, Newcastle and now Man City have all had massive takeovers...why are we always overlooked???

 

Simple question

Now come on BK will sell to the "right buyer"....

 

No sarcasm there honest

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Well Shinwatra was hardly the right buyer but he has done a fabulous thing for Shitteh.

 

Why, oh why, can't we sell to a billionaire group that wants to make us Number 1...I'm hoping that this Abu Dhabi lost have some business enemies that want a bit of competition! (and buy us!).

 

Okay - we can all dream.

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It's all because we have the shite in the same city as us and Man City have no one overshadowing them... oh wait they do, the're called MANCHESTER UNITED :rolleyes:

 

Now lets get real, I recall Citeh sitting a brand new purpose built stadium paid for by lottery funding and council grants, if they were still in Maine Road this lot would have gone for the Barcodes or something similar. One thing is absolutely certain they never wnet for us at all did they

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I think Romey was being sarcastic Jimmy! Bill Kenwright said at the ESCLA meeting that investors are not interested in Everton because we share a city with Liverpool. The same applies to Manchester City yet were able to attract a billionaire.

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I think Romey was being sarcastic Jimmy! Bill Kenwright said at the ESCLA meeting that investors are not interested in Everton because we share a city with Liverpool. The same applies to Manchester City yet were able to attract a billionaire.

 

Possibly so Louis but as I have said in another thread we should put all of this crap behind us unify to attract a buyer. Bill could not possibly resist a hostile take over from say a mega rich Arab, no one could, hence suggesting he won't sell is stupid because he'd have to if the buyer was rich enough for our needs

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im sure we arent in a position where a hostile take over can take place as we aren't floated on the stock market. bk earl and woods own enough shares to stop anyone taking control even if every other holder sold up

 

I think Romey was being sarcastic Jimmy! Bill Kenwright said at the ESCLA meeting that investors are not interested in Everton because we share a city with Liverpool. The same applies to Manchester City yet were able to attract a billionaire.

 

i think the difference is we are apparently looking for investors, city were looking for a buyer. there is a massive difference

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im sure we arent in a position where a hostile take over can take place as we aren't floated on the stock market. bk earl and woods own enough shares to stop anyone taking control even if every other holder sold up

 

 

 

i think the difference is we are apparently looking for investors, city were looking for a buyer. there is a massive difference

 

 

Of course a hostile take over can be achieved Steve, remember Marsh trying it at Liverpool. They did not want him running Anfield and resisted but it was fought in public. Bill is on far weaker ground than the successful Liverpool board and he would lose what support he has

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Of course a hostile take over can be achieved Steve, remember Marsh trying it at Liverpool. They did not want him running Anfield and resisted but it was fought in public. Bill is on far weaker ground than the successful Liverpool board and he would lose what support he has

 

between BK, Woods and Earl, they own more than 50% (BK about 25%, Woods about 18% and Earl i think it was about 20%), if they dont sell then how could a hostile takeover possibly happen?

the minority shareholders are prdicted to only be around 11%. they are in a very cushy position.

 

for mroe info call Blankstone Sington 0151 707 1707

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between BK, Woods and Earl, they own more than 50% (BK about 25%, Woods about 18% and Earl i think it was about 20%), if they dont sell then how could a hostile takeover possibly happen?

the minority shareholders are prdicted to only be around 11%. they are in a very cushy position.

 

for mroe info call Blankstone Sington 0151 707 1707

 

 

Bloody easy Steve you've seen it at Newcastle today, fan pressure. It is senseless to continually suggest that this person or that company wanted to take us over with out naming names at that time. Kenwright has alreay said we need more money and if he stood in the way of any known capable owner with the funds to invest he be chairman of a morgue. Look at Citeh, the Thai is now chairman/president and that is what would happen to Billy because who ever took over would still need him as a figure head

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IT'S ABOUT TIME!!!

 

Mr. Kenwright has had this coming to him for a long time, hopefully it's the beginning of the end for him.

 

ok lets get rid and just invite another johnson to the helm!!!

 

i think bk will/would sell to the right person but to say hes done a bad job is just well out of order!

 

from near relagation to a near champs league side in such a short space of time and braking the transfer record 4 years on the spin!!!

 

its not bk's fault that billionairs are buying other clubs and making it harder to crack the top 4!!!

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once again sensible arguments put forward on the Everton website about why we need to move and why Kirkby is a good deal, how many times must they repeat themselves is the question. I'll wait and see what the press coverage says about it tomorrow.

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ok lets get rid and just invite another johnson to the helm!!!

 

i think bk will/would sell to the right person but to say hes done a bad job is just well out of order!

 

from near relagation to a near champs league side in such a short space of time and braking the transfer record 4 years on the spin!!!

 

its not bk's fault that billionairs are buying other clubs and making it harder to crack the top 4!!!

 

since when did mark say in his post he has done a bad job?

And BK is shit, where did the money go on many transfers? were in more debt than ever and he is full of bullshit.

Bring on someone with money imo.

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since when did mark say in his post he has done a bad job?

And BK is shit, where did the money go on many transfers? were in more debt than ever and he is full of bullshit.

Bring on someone with money imo.

 

Wow and Billy agrees with you about the take over as well EL.

 

All monetary transactions are covered in the company accounts mate and are clear and above board, it can be slanderous to suggest otherwise even by innuendo. I'm against the club changing their Articles of Association but when people make accusations like yours is it surprising?

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well were did the jeffers, ball, and god knows how many other transfer money go? we got quite abit of money from those deals and it was never seen again. I smell something fishy.

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