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777 Partners / Whatever the hell you like
- Thread starter 9LeagueTitles5FACups
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What’s all this crap about haircuts I’m always reading
Chad bidness speak.
JimmyJeffers
Player Valuation: £70m
Pfffft. I spent 5 hours on the phone today watching videos of people talking about chemtrails.
- I have spent 5 hours on the hone today
Posted by neilw*
on May 20, 2024, 9:11 pm
With people closely involved in the EFC situation, one as a reporter/observer, one working to try to bring a consortium together and another working for a lender. I cannot break confidences but:
1. There is no seriously rich interested buyer and MSP seriously do NOT want to step in. No Qataris. No funded US buyer (just another chancer).
2. The only possible consortium right now is some Evertonian names well known to us (through involvement with MSP or wider public profile) but they are well short of being able to make a bid. Even if they can it will be at best a short-term bridging move as they try to restructure and find the elusive longer-term buyer
3. MSP (perhaps because they are American) do not yet fully understand the risks of relegation, UK liquidation etc. They might be getting there slowly but do not seem to understand or want to accept that their stadium security is worthless unless Everton is a going concern in the PL. They do not want to be the one to push us over the edge but do not seem to realise they could easily lose everything. If they ever do get there maybe option 2 will become viable with their support. IF!
4. R&MF have the strongest income security and will not consider taking a haircut on loans or reducing or deferring interest - unless and until the doom clock strikes 11.59.
This all means IMO there is no path forward until:
1. MSP recognise security on stadium is worthless unless Everton are a going concern; no club, no value; and
2. R&MF recognise much of their debt will never be repaid; both a US marine style haircut & lower interest rates are needed to stabilise long-term finances
Right now neither get/accept this analysis so this summer we will be selling players (multiple) to pay final stadium costs, cover operating costs and maybe trim the R&MF loan a touch. It will require miracles from Thelwell, Dyche et al to keep our heads above water. Kicking the can down the road.
Will we survive in PL? I have no idea but I am more worried tonight than I was last night and I was mildly terrified last night. Unlike eg TheEsk I do not think we would emerge from administration without liquidation sending us to AFCEverton at eg Tier 8-11.
Sorry to be the grinch but bad though the last two years have been we are nowhere near turning a corner, at least not in any positive way.
Nobody show @matty1878
Only 1 winner here I feel.
peteblue
Welcome back Wayne
- I have spent 5 hours on the hone today
Posted by neilw*on May 20, 2024, 9:11 pm
With people closely involved in the EFC situation, one as a reporter/observer, one working to try to bring a consortium together and another working for a lender. I cannot break confidences but:
1. There is no seriously rich interested buyer and MSP seriously do NOT want to step in. No Qataris. No funded US buyer (just another chancer).
2. The only possible consortium right now is some Evertonian names well known to us (through involvement with MSP or wider public profile) but they are well short of being able to make a bid. Even if they can it will be at best a short-term bridging move as they try to restructure and find the elusive longer-term buyer
3. MSP (perhaps because they are American) do not yet fully understand the risks of relegation, UK liquidation etc. They might be getting there slowly but do not seem to understand or want to accept that their stadium security is worthless unless Everton is a going concern in the PL. They do not want to be the one to push us over the edge but do not seem to realise they could easily lose everything. If they ever do get there maybe option 2 will become viable with their support. IF!
4. R&MF have the strongest income security and will not consider taking a haircut on loans or reducing or deferring interest - unless and until the doom clock strikes 11.59.
This all means IMO there is no path forward until:
1. MSP recognise security on stadium is worthless unless Everton are a going concern; no club, no value; and
2. R&MF recognise much of their debt will never be repaid; both a US marine style haircut & lower interest rates are needed to stabilise long-term finances
Right now neither get/accept this analysis so this summer we will be selling players (multiple) to pay final stadium costs, cover operating costs and maybe trim the R&MF loan a touch. It will require miracles from Thelwell, Dyche et al to keep our heads above water. Kicking the can down the road.
Will we survive in PL? I have no idea but I am more worried tonight than I was last night and I was mildly terrified last night. Unlike eg TheEsk I do not think we would emerge from administration without liquidation sending us to AFCEverton at eg Tier 8-11.
Sorry to be the grinch but bad though the last two years have been we are nowhere near turning a corner, at least not in any positive way.
Nobody show @matty1878
What’s a hone ?…….
Dont be taking the P Pete.
peteblue
Welcome back Wayne
Hahaha….
How so mate ?
What makes you say he's in the loop ?
Is this the lad Neil that lives in Spain ?
Tony’s Carp
Player Valuation: £50m
“OK gentlemen these important negotiations must take place in utmost secrecy. Do not disclose the details to anyone”
- I have spent 5 hours on the hone today
Posted by neilw*on May 20, 2024, 9:11 pm
With people closely involved in the EFC situation, one as a reporter/observer, one working to try to bring a consortium together and another working for a lender. I cannot break confidences but:
1. There is no seriously rich interested buyer and MSP seriously do NOT want to step in. No Qataris. No funded US buyer (just another chancer).
2. The only possible consortium right now is some Evertonian names well known to us (through involvement with MSP or wider public profile) but they are well short of being able to make a bid. Even if they can it will be at best a short-term bridging move as they try to restructure and find the elusive longer-term buyer
3. MSP (perhaps because they are American) do not yet fully understand the risks of relegation, UK liquidation etc. They might be getting there slowly but do not seem to understand or want to accept that their stadium security is worthless unless Everton is a going concern in the PL. They do not want to be the one to push us over the edge but do not seem to realise they could easily lose everything. If they ever do get there maybe option 2 will become viable with their support. IF!
4. R&MF have the strongest income security and will not consider taking a haircut on loans or reducing or deferring interest - unless and until the doom clock strikes 11.59.
This all means IMO there is no path forward until:
1. MSP recognise security on stadium is worthless unless Everton are a going concern; no club, no value; and
2. R&MF recognise much of their debt will never be repaid; both a US marine style haircut & lower interest rates are needed to stabilise long-term finances
Right now neither get/accept this analysis so this summer we will be selling players (multiple) to pay final stadium costs, cover operating costs and maybe trim the R&MF loan a touch. It will require miracles from Thelwell, Dyche et al to keep our heads above water. Kicking the can down the road.
Will we survive in PL? I have no idea but I am more worried tonight than I was last night and I was mildly terrified last night. Unlike eg TheEsk I do not think we would emerge from administration without liquidation sending us to AFCEverton at eg Tier 8-11.
Sorry to be the grinch but bad though the last two years have been we are nowhere near turning a corner, at least not in any positive way.
Nobody show @matty1878
“What about NeilW off the forums?”
“Oh yeah, tell him everything.”
Pretty sobering update on another forum.
The People's Forum: I have spent 5 hours on the hone today
With people closely involved in the EFC situation one as a reporter observer one working to try to bring a consortium together and another working for a lender. I cannot break confidences but 1. There is no seriously rich interested buyer and MSP seriously do NOT want to step in. No...members.boardhost.com
Each creditor will be defending their position in negotiations, big difference not understanding and not bending in negotiations with others. It’s all part of the process.
Reality may well be at this stage that creditors turn their debt to equity or those without equity options as security take on board positions to look after their interests, only way MSP & R&M are getting out of here with a return in new ownership, so they may take on operational control of the club and seek a new owner. Administration or worse works for no one. Each will want the best deal in restructuring.
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Well that was a cheery read
Night all
Don’t have nightmares
Night all
Don’t have nightmares
barneygumble
Player Valuation: £60m
Pretty sobering update on another forum.
The People's Forum: I have spent 5 hours on the hone today
With people closely involved in the EFC situation one as a reporter observer one working to try to bring a consortium together and another working for a lender. I cannot break confidences but 1. There is no seriously rich interested buyer and MSP seriously do NOT want to step in. No...members.boardhost.com
Glorious.
Happy Monday!
Saint Domingo
Player Valuation: £90m
No idea who Neil W is but point 3 sounds a bit odd to me. They’re American so they don’t understand UK regulation?! Sounds an overly simplistic reach to me. They’ve got a team of lawyers on both sides who will be absolute specialists in this and will understand the regulation. Plus all parties have been across this situation for months and months now .
Iana
Player Valuation: £2.5m
As far as I know he lives in London.
He was heavily involved in “Investors in Everton” back in the 90s looking to buy Everton from Peter Johnson and raise funding for the redevelopment of Goodison Park.
He is a finance professional and well connected with that world and has built many contacts in the media because of IIE.
He is very credible and not trying to build an internet persona like “the Esk”…his postings tend to be accurate based on my experience of reading them over the last 30 years.
Are you suggesting that somebody didnt invest 200million into a business without fully understanding the risks?
Thats just crazy talk.
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