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6 + 2 Point Deductions

AndyRJ said:
There's absolutely no way the Premier League will change the rules, which I might add needs to be voted on and agreed by the majority, and then back date them to catch clubs out.

They'd find themselves in court defending another legal case which they would categorically lose.
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Probably correct but wouldn’t categorically rule it out. Liverpool, Man U do not presently have this exposure and could lobby for this with the backing of other smaller clubs. Never say never.
 
catcherintherye said:
That's true. I suspect 6 will not want it

They can convert that to equity if they wish.
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I think its how you frame you from an accountancy point of view mate - im not sure its actually all that complicated.

The big takeover here is the brakes have been taken off third party ownership and yesterday City, Newcastle and probably Chelsea were unlocked.

Where we sit in that is hard to know with TFG.

Can see a lot of interest in investing in PL clubs now.
 
Dublin blue 75 said:
Probably correct but wouldn’t categorically rule it out. Liverpool, Man U do not presently have this exposure and could lobby for this with the backing of other smaller clubs. Never say never.
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They do have exposure because they also have shareholder loans, granted not the same scale as ours.

Regardless, they wouldn't have a leg to stand on in a legal battle if they introduced a rule and then tried to retrospectively apply it. They'd get laughed at.
 
AndyRJ said:
In my opinion, TFG will settle the R&M and ACAP debt and recoup/pay that off through taking out a loan against the stadium. I think anything they have lent the club will be converted to equity.

Let's say the R&M and (reduced) ACAP debt total £265m and the money TFG have lent the club plus Moshiri's settlement is circa £300m. I believe they will convert the £300m to equity and will take out say a £350m (relatively) low interest mortgage against the stadium to both settle R&M/ACAP debt, give us some further working capital, and immediate transfer funds (PSR dependant).

All just my opinion of course, and I could be completely wrong, but i expect it will be something along those lines.

Ultimately, the more money they put in and convert to equity the better off we will be. I'm hoping they will convert all existing debt to equity and use a mortgage against the stadium to help invest significantly in the playing squad but that's extremely optimistic.
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Thanks mate.

I think its hard to know what they will do mate. I think a lot bodes well in terms of what they did recovering Roma and i see a lot of positive signs - but its all a bit of speculation. One fundamental exists what's good for Everton is good for there investment, so that's a good starting point.

I'm shifting in my seat a little with some of the "new dawn" expectations that seem to be turning into assumption, id advice a little bit of caution as all is going to be incremental and we wont just flip a switch and the reboot will take place. Some compromises will have to be made and we are still going to have to compromise, while there are going to be some tough decisions. The business is still on its knees and the investment is huge. Think Eggs said he could see Keane for example being offered a new deal - it actually makes total financial sense - that's the type of decisions that will be being weighed - so id exercise a bit of caution overall.

In terms of investment strategy i think its a wait and see, seems to me it will be a hybrid of investment, equity and restructuring - clearing the expensive debt, but likely keeping some - how much is debatable. One thing is true if you are serious investor, dont spend your own money when you can spend someone else - and i think these guys are serious investors. So its a bit of a wait and see.

Overall on the ruling yesterday i think its a bit of a strom in a team cup - no way we will be sanctioned on something that didn't exist yesterday, nor will it be back dated on a three year cycle, 2/3rds of the PL would be in breach and thats not going to happen - the clubs wont vote for it. Any thing that comes into place will start from a future date. I dont see whats to stop The Friedkin Dans Ltd - sponsoring Everton Training socks for £50 mill now anyway. The real take home for me yesterday is City, Newcastle and Chelsea have been unlocked - while i can see big interest in investment into other teams in the league going forward.

Where we fit into that with TFG - is a bit guarded - we know they have strong links with thrid parties and hasn't our new stadium just come at the right time - instead of viewing yesterday with trepanation - i think we need to look at it as an opportunity.
 

Neiler said:
Said it this time last year.

The PL is going to eat itself alive,

www.dailymail.co.uk

Man City write to all 19 clubs to RUBBISH Premier League's win claims

MIKE KEEGAN: City claimed a landmark victory after a tribunal found league rules around commercial deals with parties linked to club owners to be unlawful.
www.dailymail.co.uk www.dailymail.co.uk
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Good - they should have let the scabs all go off to the super league and threw the book at them, instead of pandering to their whims and giving them everything they wanted.
 

@matty1878 this thread has been no good for you mate.
1000111163.webp
 

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