pfim
Player Valuation: £35m
You'd hope, but as you say, who knows with Farhad Moshiri, International Accountant of Mystery.
You'd hope, but as you say, who knows with Farhad Moshiri, International Accountant of Mystery.
Blue Willy
Player Valuation: £6m
If we sold.
Onana money would be 50-70 mil? After any cut we would still have a fair chunk left.
No need for Chemiti and Beto money, thats on the drip over w few more years
If we sold Branthwaite that would been for a huge amount. Like 75mil.
Weve trimmed a fair bit and so renewing contracts is pretty sustainable now.
The new stadium will bring us a touch more cash income too. Slowly but surely.
Not sure what calculator you are using, or why you are scaremongering so much.
According to the athletic , 777 is about to lose its main source of funding , from A-cap an insurance company , so that just heaps more doubt on already increasingly unlikely deal
pfim
Player Valuation: £35m
Too many designer baseball caps.
And axe body spray too I'm sure
Tony’s Carp
Player Valuation: £40m
But don't forget Ashley Young's new 1.4m / week contract extension.
Simon Buttle
Player Valuation: £50m
The Athletic saying there is no backup bidder unless all the creditors agree to large discounts on money owed, what a mess we are in.
efcfanwirral
Player Valuation: £25m
Mad thing is, these "sustainability" rules allowing us to go into that amount of debt for the stadium makes a mockery of the name of the rules also. Accounting technicalities can get you "compliant" while being completely up to our eyeballs in debt.
If they were serious on "sustainability", it would take into account all money going in and out of the club. At this moment, Everton are not sustainable, not even close. With what we know about the perilous state of the finances and all these crazy loans, we should in theory breach PSR for this season too. The fact that we might not just makes the rules and their supposed aims laughable
efcfanwirral
Player Valuation: £25m
Administration would mean they get even less, and aren't in control of the amount, so could happen
Moderatelywarmwater
Player Valuation: £8m
No, I don’t think we would. Stadium expenditure is ok for FFP generally
Going bankrupt is far more of an issue now
pfim
Player Valuation: £35m
In all seriousness, this has to be the end of the line for these guys.
As stated earlier, this is what happens when an insurance company (or reinsurance in this instance) is downgraded.
Its customers (A Cap) flee the insurance company because they're not certain they would be repaid in the event of claims.
In this case, it starts to affect A Cap's ratings and solvency.
These guys are cowboys taking those premiums and investing them in high risk, low cash investments like football clubs in inferior leagues.
As stated earlier, this is what happens when an insurance company (or reinsurance in this instance) is downgraded.
Its customers (A Cap) flee the insurance company because they're not certain they would be repaid in the event of claims.
In this case, it starts to affect A Cap's ratings and solvency.
These guys are cowboys taking those premiums and investing them in high risk, low cash investments like football clubs in inferior leagues.
Tony’s Carp
Player Valuation: £40m
Backup bidders would say that though wouldn't they.
so there is a back up bidder?
Tony’s Carp
Player Valuation: £40m
There's a big difference though between stadium debt and general operational debt I think. One is at least attached to the development of a significant asset, the other is just money borrowed going straight out the door. That's why infrastructure spending is excluded because this is investment in assets.
It's like the difference between a mortgage and credit card debt. You can be 200k in debt on your mortgage and absolutely fine because you own a corresponding asset, but you could be 20k in debt on your credit card and massively in trouble.
