pfim
Player Valuation: £40m
Well, if he hadn't loaned the money, we'd be doing something else to him for it.
It's a loan, loans have interest. I think the problem is that a lot of people expect it to be interest-free "for the good of the club."
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.
- Status
Well, if he hadn't loaned the money, we'd be doing something else to him for it.
It's a loan, loans have interest. I think the problem is that a lot of people expect it to be interest-free "for the good of the club."
10% interest in something you own is extortionate. It's basically taking money off every single fan and investing nothing back. He's not giving us money, or even investing it long term, he's literally lending us it for 12 months off guaranteed income and getting 10% on top.
It's not on.
pfim
Player Valuation: £40m
We will just have to agree to disagree then. Loans have interest, even shareholder loans (if that's what this is). If one shareholder is willing to risk 10 million on a company that can't get financing elsewhere, why shouldn't he get the reward for that risk?
Yet he won't invest anything. Despite expecting a massive return on the pittance he's actually put into the club. His only interest was seeing the club move stadiums so he could make a massive return.
That's my gripe. This man is set to make money of us every single year without putting anything in to deserve it.
35,000+ gullible fans making this man richer and richer. Yes, football is a business, but even so this is insane.
I'd seriously recommend fans boycott the game until the situation changes. The club is dying and will be dead inside five years unless things change.
pfim
Player Valuation: £40m
I'm not here to sing the man's praises. I just don't expect him to do something that most other people wouldn't do.
This happens far more often than you'd think.
Plus, it's very possible what has been suggested earlier in the thread, that this isn't Earl's money. Just a holding company that is holding this debt, financed through another institution.
This happens far more often than you'd think.
Plus, it's very possible what has been suggested earlier in the thread, that this isn't Earl's money. Just a holding company that is holding this debt, financed through another institution.
What absolute state this has turned into Kudos all round. Some points to consider in the realms of reality, on futher diggin ginto this matter:
A) The origanal source comes from KEIOC - enough said
B) The address is the same building as BCR is registered in, apparently there are a lot of offices in this complex - as one might imagine in a tax haven.
C) This deal see us actually better the bridgeing deal of the past.
D) There isnt any shred of evidance bar paranoia that this money has come rom Robest Earls back pocket - as such it enters the realms of jarg that he chargeing interest on a loan he may not have given.
E) Its prob viable to beleive that Robert Earl has used contacts in the British Virgin Islands to negotiate a better deal for Everton then theones we have seen in recent years, then it is to beleive he has loaned money to the club and now chargeing intrest.
F) KEIOC jarg here - just like the annexe being titaniced.
A) The origanal source comes from KEIOC - enough said
B) The address is the same building as BCR is registered in, apparently there are a lot of offices in this complex - as one might imagine in a tax haven.
C) This deal see us actually better the bridgeing deal of the past.
D) There isnt any shred of evidance bar paranoia that this money has come rom Robest Earls back pocket - as such it enters the realms of jarg that he chargeing interest on a loan he may not have given.
E) Its prob viable to beleive that Robert Earl has used contacts in the British Virgin Islands to negotiate a better deal for Everton then theones we have seen in recent years, then it is to beleive he has loaned money to the club and now chargeing intrest.
F) KEIOC jarg here - just like the annexe being titaniced.
Maltese Tony
Player Valuation: £500k
Do you think some of us have to much time between games ahi
F) Whats happening with the Annexe then? You clearly know more than anybody else about this?
Yes, it is legal for a shareholder to lend money to a company he owns shares in. It is also legal for him to charge a commercial rate of interest on the loan. Be careful what you bandy around on here lads, wouldn't want anyone to get themselves in legal bother.
Directors can also act in this way. In all likelihood, if a director was linked to the lending party then they would normally make it known to the rest of the board and not vote on / sign or commit the receiving company to the loan. Conflicts of interest are not illegal they just need to be registered.
In any event the loan is in all likelihood not from a shareholder but possibly from a connected party.
CLEARLY. Plans are still going ahead for the build and KEIOC are caught telling whoppers again.
Seamus Colemole
Previously deathbyropeandglass
Seamus Colemole
Previously deathbyropeandglass
Yes, its been held up by insurance problems.
Yeah, thats what they want you to believe!
Matt Damon
Player Valuation: £60m
Yes, its been held up by insurance problems.
I'd love to know Dave K's response to that...
What do you say Dave?
- Status