Install the app
How to install the app on iOS

Follow along with the video below to see how to install our site as a web app on your home screen.

Note: This feature may not be available in some browsers.

 

777 Partners / Whatever the hell you like

Revised Polling options on who wants a 777 takeover


  • Total voters
    676
  • Poll closed .
Status
Not open for further replies.

Administration would mean big job losses. Anyone waiting for a cut price deal for a club in Administration is not the investment we need.

Why would anyone pay more for the club than it’s worth?

Let’s say I’m a billionaire, Everton is valued at £500 million, but because of its debts it would cost £800 million to acquire (and that debt figure is going up every week). Why should I pay £800 million to buy Everton when it’s only with £500 million?

Irrespective of whether the club goes into administration, there will probably be job losses / changes of personnel if/when any new owner acquires the club. Any competent owner would look at the various roles and decide what is and isn’t value for money. That’s the same in any business, happens in my profession and probably happens in yours.

The club is a loss making entity, any new owner would look to address that and would probably look for efficiency savings. Not nice, but happens in any industry / company on the planet.

Also, there seems to be talk it’s administration or awful owners like 777, and we need to choose our medicine. You do know it could be both? Perfectly possible for Everton to be bought by crooks and still enter administration (see Wigan Athletic).

Fact is, if the club goes into administration it’s because it can’t afford to pay its debts. That’s not my fault, not Paul Quinn’s fault, it’s the fault of Moshiri, Kenwright, Ingles, Baxendale etc.

Also, there comes a point when it’s not an “option” to go into administration. Liquidation law applies duties to the directors of Everton automatically.

So let’s cut the crap about certain people wanting Everton to go into administration.
 
Jesus.

"Administration isn't a bad thing"

"Simon Godley says we're heading for administration"

"Administration is inevitable"

People if a certain age will remember this tale.

4755426.webp


Moral of the story?

"Don't be persuaded by a foolish fear. Just get the facts before you act, or you will be the fool!"
 
Why would anyone pay more for the club than it’s worth?

Let’s say I’m a billionaire, Everton is valued at £500 million, but because of its debts it would cost £800 million to acquire (and that debt figure is going up every week). Why should I pay £800 million to buy Everton when it’s only with £500 million?

Irrespective of whether the club goes into administration, there will probably be job losses / changes of personnel if/when any new owner acquires the club. Any competent owner would look at the various roles and decide what is and isn’t value for money. That’s the same in any business, happens in my profession and probably happens in yours.

The club is a loss making entity, any new owner would look to address that and would probably look for efficiency savings. Not nice, but happens in any industry / company on the planet.

Also, there seems to be talk it’s administration or awful owners like 777, and we need to choose our medicine. You do know it could be both? Perfectly possible for Everton to be bought by crooks and still enter administration (see Wigan Athletic).

Fact is, if the club goes into administration it’s because it can’t afford to pay its debts. That’s not my fault, not Paul Quinn’s fault, it’s the fault of Moshiri, Kenwright, Ingles, Baxendale etc.

Also, there comes a point when it’s not an “option” to go into administration. Liquidation law applies duties to the directors of Everton automatically.

So let’s cut the crap about certain people wanting Everton to go into administration.

so your saying new owners are waiting for administration to then buy us?

administration on a clubs CV is a farce
 

so your saying new owners are waiting for administration to then buy us?

administration on a clubs CV is a farce

That’s not what I’m saying. I have no inside knowledge of who is looking to buy Everton or what their strategy is.

But I don’t see why anyone would pay more for the club than what it’s worth. Do you think someone would pay more than it’s worth?

The only scenario where I could see someone doing that is for sentimental reasons, such as a billionaire Evertonian. But I don’t think that’s likely to happen.

If you’re angry at the threat of administration, that should be directed at the people who got us in this mess.
 
That’s not what I’m saying. I have no inside knowledge of who is looking to buy Everton or what their strategy is.

But I don’t see why anyone would pay more for the club than what it’s worth. Do you think someone would pay more than it’s worth?

The only scenario where I could see someone doing that is for sentimental reasons, such as a billionaire Evertonian. But I don’t think that’s likely to happen.

If you’re angry at the threat of administration, that should be directed at the people who got us in this mess.

you don’t pay more if your a business person for sure!
 
That’s not what I’m saying. I have no inside knowledge of who is looking to buy Everton or what their strategy is.

But I don’t see why anyone would pay more for the club than what it’s worth. Do you think someone would pay more than it’s worth?

The only scenario where I could see someone doing that is for sentimental reasons, such as a billionaire Evertonian. But I don’t think that’s likely to happen.

If you’re angry at the threat of administration, that should be directed at the people who got us in this mess
Our biggest creditors will be desperate for us NOT to go into administration, a solution will be found.
 

Status
Not open for further replies.

Welcome to GrandOldTeam

Get involved. Registration is simple and free.

Back
Top