Breakfast mate. Your missus has made it, she shouted ya to come down for it but you rolled over, fell back asleep and missed it.
Breakfast mate. Your missus has made it, she shouted ya to come down for it but you rolled over, fell back asleep and missed it.
Are the premier league capable of making an actual decision ?
Or are they just going to keep giving vague statements about what they might do
Or are they just going to keep giving vague statements about what they might do
Blue peter
Player Valuation: £20m
How much do you reckon the purchaser would need for all of the above and buy off Moshiri? Genuine question…as I say I have not done the numbers.
Eggsyblueskin
Player Valuation: £40m
I have seen the figure of £400m+ generally mentioned .
Blue peter
Player Valuation: £20m
It had to be a lot more than that…..MSP loaned us around £100-£150m, that needs to be paid back. Stadium finishing what - £200-£250m? Not sure what the cash flow requirement is - 777 loan debt is not a priority (immediate) loan repayment but then of course Moshiri will want what he considers to be his value - I would think we would be talking £800m plus taking everything into account? Some have said as high as £1B for a club that’s not valued anywhere near that as present with an annual turnover of circa £180m
Blue Tumbleweed
Player Valuation: £225k
For someone other than 777 partners to take us over, there is quite a high level of investment and/or restructuring required;
Currently we have Circa £23m per month operating and construction costs
Stadium costs currently estimated at circa £780+, monies invested currently with Moshiri's £250m, MSP/Blythe £140m, 777 circa £120-140m(?) still leaves upwards of £250m to complete
MSP/Blythe see above (NB With interest actually £158m and growing per month)
777 would need an extra £40-60m bundled to approximately £180-185m in total. ((Again depending on the rumours of the swingeing interest rates when the monies were borrowed (rumoured that some loans were taken at 52%!!) who knows exactly how much would need to be repaid!?))
This is of course ignoring the outstanding debt to Moshiri, circa £830m in total (share purchases, player investment and stadium investment plus preconstruction costs)
There is the debt of circa £20m to Metro bank, and the real kicker the upwards of £225m (again increasing per month) debt to the senior creditor, Rights and Media Funding (RMF)
Not a pretty picture at all... to summarise
So a cash flow of approx. £90-95m operating costs till August 31st. (More needed at some level after that, BUT hopefully reduced by completing the financing of the LO'R project)
Stadium costs of £250m (being generous) outstanding (maybe as much as £280) if not a little more...
MSP £158m and RMF £225m+ (Metro Bank £20m)
777 £185m+ (and growing rapidly due to interest rates)
So in total approximately £90-95m for operating costs (i.e. liquid) and somewhere between £838m and £868m in debt (restructuring or to try and reduce)
All that without looking at Mosh's separate £830m investment...
Scary innit!
An article that appeared in Bloomberg last week appeared to suggest that the proposed takeover by 777 Partners of Everton Football Club had taken a significant step forward.
Bloomberg subsequently revised their article but, confusion inevitably followed, no disrespect to Bloomberg or their journalist.
In an effort to clear the air and unmuddy the waters, Paul @theEsk has penned yet another article… and in endeavouring to keep it to financial words of one syllable, he attempts to clarify once and for all the severity of the situation that Everton, majority shareholder/owner Moshiri and indeed 777Partners find themselves in.
Clarity is everything and I believe this article provides just that commodity that has been sorely lacking from the two main protagonists in this sorry affair.
theesk.org
Bloomberg subsequently revised their article but, confusion inevitably followed, no disrespect to Bloomberg or their journalist.
In an effort to clear the air and unmuddy the waters, Paul @theEsk has penned yet another article… and in endeavouring to keep it to financial words of one syllable, he attempts to clarify once and for all the severity of the situation that Everton, majority shareholder/owner Moshiri and indeed 777Partners find themselves in.
Clarity is everything and I believe this article provides just that commodity that has been sorely lacking from the two main protagonists in this sorry affair.
The reality of the “conditional minded to approve” requirements
Forgive me for yet another article about Everton’s finances and in particular, the attempted takeover by 777 Partners. Whether you are pro-777, anti-777, or just want what’s best for our club…
theesk.org
Last edited:
Grow up
BenToffee79
Player Valuation: £8m
Librarian
Player Valuation: £60m
Meaning it’s only viable if we go down or into admin and Moshiri takes a haircut.
That’s not in our interests.
neil999
Player Valuation: £80m
Legitimate criticism
Librarian
Player Valuation: £60m
Or
777 are trying to convince investors so as to secure the funds and they needed the PL say publicly that they are ‘minded to approve’ before they can put these funds in place.
BenToffee79
Player Valuation: £8m
So all the 777 apocalyptic warnings are to be ignored then ?
Eggsyblueskin
Player Valuation: £40m
But there is no evidence they have the necessary funds in the first place, if they did they would have been approved already .
neil999
Player Valuation: £80m
Yes, a great bunch of lads
