Kieran Maguire lambasts Everton board as shareholders revolt
The Everton Shareholders Association’s petition for a vote of no confidence in the club’s board is merely symbolic and unlikely to lead to any real change.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the crisis behind the scenes at Goodison Park.
Everton fans are deeply unhappy with both the performance of the team and the lack of direction from the club’s executive branch, with protests staged in the 2-1 defeat to Southampton last Saturday (14 January).
The Toffees are majority-owned by British-Iranian billionaire Farhad Moshiri, who owns a 94.1 per cent stake, while chairman Bill Kenwright also holds a 1.3 per cent stake.
The remaining equity is owned by the Everton Shareholders Association, the group which announced on Wednesday (18 January) that they were calling for a vote of no confidence in the board.
But the development is a soft-power move as the Shareholders Association holds no constitutional power within the club, explains Maguire.
“I don’t think this will have any impact, although it is symbolic,” he told Football Insider’s Adam Williams.
“There are many proud Evertonians that do own a few shares. They want to vocalise their disappointment with the board.
“They have a lot to answer for but, equally, the board are answerable to Farah Moshiri given the extent of his ownership.
“You can understand why the Shareholder Association are doing this.
“If everyone was rowing in the same direction, there would be no need for things like this to happen.“
In other news, pundit “wowed” by Moussa Dembele transfer reveal as “big-money” Everton claim issued.