Let’s hope the fix the commercial dept before they kill us !!
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777 Partners / Whatever the hell you like
- Thread starter 9LeagueTitles5FACups
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Blue Tumbleweed
Player Valuation: £500k
@PeregrineT and @Goat
I have just read The Esk's latest 777 article and see that my figures were off (according to his numbers)
In his article here The reality of the “conditional minded to approve” requirements
He states this for 777 to complete the EPL's deadline conditions as such;
"How much capital is required?
Minimally, a reasonable estimate is as follows:
Working capital until season end –£60 million ( *The Esk stated this figure till June 30th; whereas I quoted £90-95 million till August 31st)
Repayment of MSP’s stadium loan – £158 million
Remaining funding for stadium- £100 million (*I've emailed Paul re his figures and showed my figures and sources, and I'm awaiting his answer)
Minimum payment to Moshiri – £64 million" (*Really!? I know it's part of the deal brokered on Sept 15th 2023, but I would think that Moshiri would waive this part with a legal guarantee for a future payment)
Regardless IF they (777) do get approval and fulfil EPL's conditions, it may well be the best thing for Everton FC in the short term.
I guess that 777 would use BMD as collateral to raise equity via credit, and use part of that credit to repay some of the monies used to meet their conditions, and some to help reconfigure the clubs debt.
All this assuming that Moshiri is happy to accept the maximum £130m payment currently being bandied around, and wouldn't look for more AND write down his other loans and credit given to the club.
It may well be that 777 could be short term saviours of our club, and hopefully 'flip' us in a much better commercialised and marketed condition, with a 'market value' ticket structure and hopefully opening up new sources of income via new and existing markets...
Irrespective, I think if 777 took over, we'd see some player churn with higher value assets sold on, and either inter-group loans or cheap (on the never never) signings like Beto and Chermiti.
The only thing we'd need concern ourselves with, would be a (highly) competent board being put in place, a cleansing of the Augean stables that is the current administrative setup, alongside a workable and realistic strategic plan.
The reason I'm saying that, is if 777 do not get approval, as I previously posted it is going to take someone or an organisation with deep pockets and access to the right lending facilities and Managerial (C level) competence to get us back on track.
As @Goat and many others have said, what we really need is a win or three and points! That'll breed confidence and help us with our position in the table.
Good wishes,
B TW
I have just read The Esk's latest 777 article and see that my figures were off (according to his numbers)
In his article here The reality of the “conditional minded to approve” requirements
He states this for 777 to complete the EPL's deadline conditions as such;
"How much capital is required?
Minimally, a reasonable estimate is as follows:
Working capital until season end –£60 million ( *The Esk stated this figure till June 30th; whereas I quoted £90-95 million till August 31st)
Repayment of MSP’s stadium loan – £158 million
Remaining funding for stadium- £100 million (*I've emailed Paul re his figures and showed my figures and sources, and I'm awaiting his answer)
Minimum payment to Moshiri – £64 million" (*Really!? I know it's part of the deal brokered on Sept 15th 2023, but I would think that Moshiri would waive this part with a legal guarantee for a future payment)
Regardless IF they (777) do get approval and fulfil EPL's conditions, it may well be the best thing for Everton FC in the short term.
I guess that 777 would use BMD as collateral to raise equity via credit, and use part of that credit to repay some of the monies used to meet their conditions, and some to help reconfigure the clubs debt.
All this assuming that Moshiri is happy to accept the maximum £130m payment currently being bandied around, and wouldn't look for more AND write down his other loans and credit given to the club.
It may well be that 777 could be short term saviours of our club, and hopefully 'flip' us in a much better commercialised and marketed condition, with a 'market value' ticket structure and hopefully opening up new sources of income via new and existing markets...
Irrespective, I think if 777 took over, we'd see some player churn with higher value assets sold on, and either inter-group loans or cheap (on the never never) signings like Beto and Chermiti.
The only thing we'd need concern ourselves with, would be a (highly) competent board being put in place, a cleansing of the Augean stables that is the current administrative setup, alongside a workable and realistic strategic plan.
The reason I'm saying that, is if 777 do not get approval, as I previously posted it is going to take someone or an organisation with deep pockets and access to the right lending facilities and Managerial (C level) competence to get us back on track.
As @Goat and many others have said, what we really need is a win or three and points! That'll breed confidence and help us with our position in the table.
Good wishes,
B TW
MisterJ
Player Valuation: £25m
Linking to his own article?
kithnou
Player Valuation: £70m
It's been 6 months since the 777 announcement. The conditions of approval have always been there. Where is the evidence that 777 are wearing any pants with pockets of whatever size?
stamullenblue
Player Valuation: £25m
If this can get approved after 6 months then surely they are not getting approved. Also from what i understand the PL will not say not approved they just won’t approve unless all criteria is met which seems will be never happen .
Somebody needs to take hold of this mess very quickly before we are past the point of no return debt wise .
It is crazy how this is still going on ..
worrying times !
Somebody needs to take hold of this mess very quickly before we are past the point of no return debt wise .
It is crazy how this is still going on ..
worrying times !
Keep it going until 1 June when a chunk of wages disappear. We need @Zatara to tell us how much salary wise we are freeing up at the end of the season.
How much space does this open up before sales and loan additions
Eggsyblueskin
Player Valuation: £40m
Just want to mention that inter -group loans if they occur are of no financial benefit currently since they have to accurately reflect market value .
Also there is a absolutely no evidence that they intend to ‘ flip ‘ us or any of their current stable.
If they do raise money against the stadium , you would assume a portion of that money would be spread around the other struggling teams in their collection. ( or straight into their pockets since they have a strong aversion to investing any of their cash into any of the clubs they own).
Or perhaps they could use some of it to allow the London Lions basketball team to compete in European competitions next year ?
Moderatelywarmwater
Player Valuation: £10m
Forgive me, but do we no longer need to pay off the R&M loans when the takeover goes through??
Gomes 100k
Dele 120k
Harrison 50k
Branthwaite(teehee) 30k
Onana 70k
Danjuma 50k
Gana* 80k
Longers 20k
Coleman 70k
Young 80k
Gentle reminder that losing wages from the wage bill doesn't really help us in the short term.
All figures are total guesswork and should not be considered accurate.
So far they haven't objected to the 777 takeover due to them not devaluing the club due to them paying top dollar to Moshiri for his shareholding.
Don’t think it is as bleak as this. If everton sell an asset then any loan secured against it would be repaid. Not sure what loans are linked to the new stadium.
Any money left goes to Everton. If the shareholders want access to this then Everton must pay a dividend approved by the directors. They cannot do this if it puts us in financial peril. They would be struck off as directors.
So I do not think funding across stable clubs is likely at all.
Helps PSR, not cash flow.
670k a week = 34m a year
Clearly a number of them need replacing
They all need replacing.
Only thing we could maybe get away with is not replacing Young AND Coleman, but everybody else would leave a "hole" in the squad that would need to be filled.
Think Onana is on closer to £100k, I seem to recall that was the principal reason he came to us over WHU as they wouldn’t go that high.
It’s a scandal that any current squad member is on anywhere near £100k per week given the absolute garbage performances for quite a while now.
Dunno, we never improved on the left back situation and it seems to be going fine.
Until our only option gets injured I guess.
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