Dont even want think what we need pay if it does not pass. Does this takeover pay anyone else apart from moshiri out, would feel better getting some paid out
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Dont even want think what we need pay if it does not pass. Does this takeover pay anyone else apart from moshiri out, would feel better getting some paid out
BlueStevie35
Player Valuation: £70m
R&M are owed £200m, then there’s the £100m MSP have loaned
Simon Buttle
Player Valuation: £50m
kenada_blue
Welcome to Barcelonaton FC
Mosh has positioned the club that the league will HAVE to pass 777 on the takeover.
Personally think that even if it doesn't, 777 will probably look at investment for a percentage to get bedded before buying out right.
It'll go through though
Personally think that even if it doesn't, 777 will probably look at investment for a percentage to get bedded before buying out right.
It'll go through though
Dunno about the needing a further £20m per month to continue operating, is he saying that’s on top of the clubs ordinary revenue or just the normal operating costs?
If its on top of then, then where’s that going as your then talking circa £30 - £40m / month just to run as a going concern (highly doubtful)
£20m / month is £240m per year to operate, don’t think our accounts have ever shown anything like that sort of OpEx have they?
Where has the whole R&M even come from? Moshiri bought the club outright, that's not his holding company. When did that even happen? I swear, it's Green all over again.
We signed a credit facility with the Industrial and Commercial Bank of China back in 2017 for £70 mill of a credit facility - that was extended to £150 mill - we used it all on players and operating costs, when we hit the limit we looked to switch lenders and moved the debt to R&M took out another £50 mill in credit and hence £200mill.
I really hope its for stadium costs which would leave us about £135 mill short, if it is.
Tony’s Carp
Player Valuation: £50m
Curious that they have sunk in 65m to us when there are reports of them being late or short on much smaller payments elsewhere. Does raise the question of whether there is a source of investment going through them that’s specific to Everton. But it’s somewhat reassuring that, by hook or by crook, they seem to have access to cash on that scale.
Tony’s Carp
Player Valuation: £50m
I assume the bulk of the 20m a month shortfall has to be the builders? Our last financial result was about 40m loss so nothing like a shortfall on the 20m / month scale on ordinary operations.
Its very curious mate.
We know better then most that spending money can be a fruitless exercise, the devil will be in the detail here.
What is the money for?
What's it been spent on?
Is it a loan? and if so what interest is attached? and is that loan secured?
Wouldn't just be accepting they've dorpped £65 mill here and that just a good vibe story.
Also given the source - what the agenda of the leak? whose gone on the record to Myrees - to print this in a national media site...........
mccole
Player Valuation: £35m
EverLOAN is BACK!
Tony’s Carp
Player Valuation: £50m
If we’re burning through roughly 20m a month between operations and the build then 65 would be roughly what was required to get us through the 3 month approval process. Presumably also designed to prove to the PL they can provide that funding to help the process itself.
What could happen mate is they are funding the £20 mill a month at the moment and once/if approval is granted they go and take out a massive construction loan and repay themselves (maybe with interest).
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