Everton: The Esk fumes at revelations from meeting about 777 Partners and directors
The Esk has been left fuming as revelations on Everton have emerged from the EFC Shareholders’ Association meeting on Friday, 19 April.
There was a bit about selling a stake in the Bramley Moore Dock stadium as well while retaining the controlling stake.
It’s also been learnt that former directors decided their own pay-offs before leaving the club while the 777 Partners takeover situation has also been referenced.
The Esk wrote on Twitter: “Two incredible revelations from the last @EFCSA meeting with the club. 1. The former directors determined their own pay offs when leaving the club. 2. The club plans to sell a stake in the Bramley-Moore stadium. Quite appalling on both counts.”
Everton finances all over the place due to mismanagement
The news about former directors deciding their own payoffs before leaving Everton is a clear example of a conflict of interest.
Directors are expected to act in the best interest of the organisation, but in this case, their actions appear to prioritise personal gain over the club’s well-being.
This situation raises serious concerns about the integrity and governance of the club and may erode the trust of fans and stakeholders.
Moreover, the potential sale of a stake in the Bramley-Moore Dock stadium could have long-term negative implications for the Toffees.
It could compromise the financial stability and the decision to sell a stake may be driven by short-term financial needs, but it could limit the club’s ability to leverage the stadium as collateral for future financial needs.
This could see the club’s reputation suffer and they may even face challenges in maintaining fan engagement and support
In other Everton news, a senior player may never start for the club again after the Chelsea loss and is now very likely to leave in June.
For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.