Its always interesting though isn't it.
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Dublin blue 75
Player Valuation: £50m
The incrementally higher annual 'Other expenses' under the Kenwright era need proper analysis. Lawnmowers and blue gravel around the pitch? We didnt even get the tat cladding on the outside of GP until Moshiri era paid for that.
Stinks.
No expert, but even if they go to the wall they'll have administrators appointed to try and recover whatever they can on behalf of those they owe.
Nobody is sure, but it's widely reported that the 777 money is a very junior debt and has no security in terms of stadium or ckub share attached. (This only triggers on completion)
I don't think the club (whoever owns us) would be under massive pressure to pay them back. I suppose it's also a possibility a deal may be done to pay the administrator a much smaller percentage of what was loaned for a speedy resolution.
Dublin blue 75
Player Valuation: £50m
I'll bet some of the lawyers acting for those to whom 777 owe money will absolutely have an eye on taking a % share of BMD as indirect recovery of their bad loans. Their chances of this are questionable but they will definitely be planning for this.
He did get that mazzy Martinez sign tho...
Not had a manager that walks around with a wheelbarrow transporting his massive bollocks for ages.
He's spot on by the way. We're Everton.
High time a few were reminded of our status.
kenada_blue
Welcome to Barcelonaton FC
MSP would've have their feet under the table with us already if it wasn't for Kenwright, Mosh and all the R&M Fund sharks eyeing up some other skirt (777).
Not surprised they'd be sniffing again as they have a piece.
Dublin blue 75
Player Valuation: £50m
What a manager.
It was questions about these ever increasing costs that led to him cancelling AGMs the first time round.
He got properly rattled when people kept asking him. lol
One horrible deceiving scumbag.
Tony’s Carp
Player Valuation: £50m
If it was as simple as them not having the dough for a full takeover it would be a possible option to convert their debt to minority equity and have them as silent partners rather than creditors. If they had a viable football business there may even have been benefits to this in terms of accessing their multi club setup.
But the way things are collapsing in on them I don’t think that’s a viable option, if you give them equity then with all their assets being fought over by the likes of ACAP or Leadenhall you have no idea where those shares end up. And while the fraud allegations right now are civil there is a definite possibility of criminality and I don’t think credible investors would want the hassle of being in any way associated with them.
It's for a whole host of reasons why people buy football clubs. It's never straight forward. Who predicted Man City would become the richest club in the world? Certainly nobody predicted it. People argue to this day why City were picked. I think our supporters' passion over the last few relegation battles will not have done us any harm. I look forward to hearing it referenced in the first press conference held by our next super wealthy incumbents in the near future.
Myra the dog will forever be part of Everton folklore.... Lovely little mush.
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toffeeblue9
Player Valuation: £35m
To be clear, MSP (whilst being a preferable option to 777) are not a magic bullet. They're an investment vehicle and their sole objective in buying us is a return for the investors. They see us as an opportunity given the stadium to dramatically increase revenues. That's all well and good, but there's really only two main objectives of an investment like this - income or capital growth or a combination of the two. If it's the former then MSP investors would potentially be receiving a dividend which comes out of any growth in our commercial revenues and that would affect our ability to reinvest back into the team. If it's capital growth (which is hugely preferable), they'll be here a few years while they turn us around, grow our revenue base and then sell us at a profit. There's no benevolence here, they aren't going to be buying us as a community asset or anything, they want to buy us and make money out of us.
The club itself is worth literally nothing as things stand given the debt levels. The one and only attractive asset is the stadium and the potentially transformative revenues it has the potential to generate. You either need a benefactor type who wants the asset for a trophy or political purposes, or you need an investor who's going to get the club into the shape it needs to be for its own future.
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