Everton losses double in latest accounts as 'going concern' threat confirmed

[Ming the Merciful]

The club's done, just put us out of our misery.

 

[Bayboy]

It's becoming clearer by the day that the Club is going to have to completely restructure, away from the Premier League, presumably after Administration. There's no one out there capable or willing to sort this mess out whilst we remain in the PL.

 

[Tommy Chong]

The club's done, just put us out of our misery.

At this point, it would be a mercy kill.

 

[JobForTheMoyes]

So all this crap about “Uncle Ussy” was too good to be true after all?

 

[whiteshadow]

It's becoming clearer by the day that the Club is going to have to completely restructure, away from the Premier League, presumably after Administration. There's no one out there capable or willing to sort this mess out whilst we remain in the PL.

If we go in to administration we'll probably lose control of the stadium as it will be sold off and probably rented back to us.

Will be totally screwed.

 

[Chrismac]

Even if we had Lutons squad wages we would be posting losses for 22/23 without player sale profit... its disgusting the level of financial mismanagement over the past 5 years

 

[uglykidjoe1982]

If we go in to administration we'll probably lose control of the stadium as it will be sold off and probably rented back to us.

Will be totally screwed.

This is happening anyway. With debts of 550m, any new owner is going to want to clear the decks. The worry is what kind of contract we sign - knowing our negotiating skills it’ll have an ‘introductory rate’ and then crippling my steep increases and balloon payments in the second season

 

[Shibbywiggles]

So all this crap about “Uncle Ussy” was too good to be true after all?

Well not really, we were fine until he got sanctioned because of the war. If anything the fact we’re so fecked without him shows how much Usmanov was the only thing keeping us alive

 

[cahill 17]

Feels like the end it’s criminal how we’ve been run these last few years

 

[tiburonazul]

Under a real board of directors, we wouldn't be in this situation. The writing appears to truly be on the wall now Gross mismanagement.

 

[tommye]

why have we got two threads on it

Double last years threads

 

[Wat Tyler]

Every single thing about us is depressing.

 

[Carlito]

Imagine putting this intro on a set of accounts that basically confirmed the club is screwed for a decade

I've seen people saying there'll likely be a stand named after him, but I think the stadium itself should stand as a reminder of his legacy:

Fratton Park.

 

[indieman1]

We've had 9 months of complete boardroom paralysis since the end point of these numbers. It suggests the 2023/24 numbers aren't going to be any prettier.

 

[f.t.r.s]

So we're screwed then? Or is this getting ahead of a big branthwaite deal to help make it easier to stomach?