Everton change bridging loan from Barclays to company in BVI

[formerly manx toffee]

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.

B) 1 office, hundreds (msybe thusands) of brass plates, administered by a corporate service provider no doubt.

C) this seems to be true yet overlooked

E) nope, BVI is just a flag of convenience, companies set up and administered there on behalf of others. If you are doing business with a BVI company you are very unlikely to be doing business with decision makers or owner resident there (excluding nominee shareholders / directors)

 

[Goat]

Not sure mate, you've a history of telling whoppers - as always the people decide.

Your right there, the people have decided, as far as I can its only you and Damon that arent a paid up DaveK fan, its ok, we can wait, you will join us soon.

 

[kenada_blue]

Sorry if its been posted already -


http://www.scribd.com/doc/62701660/Vibrac-Charge-190811

 

[davek]

B) 1 office, hundreds (msybe thusands) of brass plates, administered by a corporate service provider no doubt.

C) this seems to be true yet overlooked

E) nope, BVI is just a flag of convenience, companies set up and administered there on behalf of others. If you are doing business with a BVI company you are very unlikely to be doing business with decision makers or owner resident there (excluding nominee shareholders / directors)

Good theories mate. I suppose to make them all fit we have to assume that out of all the worldwide finance houses a small finance firm operated by one of Earl's neighbouring businesses was persuaded to take on that scale of risk for less reward than big hitters like Barclays and Investec would do it for.

I suppose it could have happened that way. Not really too likely though is it? I think the smart money must overwhelmingly be on it having a connection to a current club director.

 

[formerly manx toffee]

Good theories mate. I suppose to make them all fit we have to assume that out of all the worldwide finance houses a small finance firm operated by one of Earl's neighbouring businesses was persuaded to take on that scale of risk for less reward than big hitters like Barclays and Investec would do it for.

I suppose it could have happened that way. Not really too likely though is it? I think the smart money must overwhelmingly be on it having a connection to a current club director.

Never said it wasn't to do with Earl...havent passed comment on this at all

Just pointing out some inaccuracies, like you really dont influence people in the BVI. The 'true' owners dont live there and there is no office, just a shared one with a hundred other companies with the same directors and nominee shareholders.

 

[Neiler]

I love it when all thats left is the anger and subsquent insults.

On the document mate from the companys house where are the details of amounts to be reapid, the 13 mill, the 1.3% of interest, the mechinism of who is being paid?

How did these actual figures get into the public domain? Or are they Jarg from KEIOC?

Sorry if its been posted already -


http://www.scribd.com/doc/62701660/Vibrac-Charge-190811

I repeat? Still waiting for somone to illustrate the answers to my my questions based on the document.

 

[kenada_blue]

I repeat? Still waiting for somone to illustrate the answers to my my questions based on the document.

Whoa! I didnt think it had been posted, so put it in the relevant folder.

 

[formerly manx toffee]

I repeat? Still waiting for somone to illustrate my questions based on the document.

Charge documents don't have to have this detail. There will be a loan document between the club and the lender which will set out the terms. Would be unusual for a private limited company to hav this in the public domain. It will in all likelihood be held in the report and accounts

 

[Neiler]

Charge documents don't have to have this detail. There will be a loan document between the club and the lender which will set out the terms. Would be unusual for a private limited company to hav this in the public domain. It will in all likelihood be held in he report and accounts

So the lid quoteing the document as the source of the supposed 13 mill and the interest of 1.3mill a year libaility doesnt have a source for these figures.

So the negatrons are going around quoteing figures of 13mill and an interest rate of 1.3 mill a year without any source, honestly lads where are these figures coming from your quoteing? Anyone?

Lets start there, before any more whoppers are told about a club director benifiting from a what seems like imaginary figure plucked out of the air.

Some bad whoppers being told on here.

Anyone?

 

[davek]

I repeat? Still waiting for somone to illustrate the answers to my my questions based on the document.

The key issue mate is that it's costing Everton £1.3M to cover the cost of the transaction to *cough* whomever it is who's behind this. It's in the document from Companies House. I believe the £13M figure relates to the Premier League 'Equal Share' payment that the club per annum secures bridging loans against.

Your better half in the Financial Review Team will probably underline this.

 

[Seamus Colemole]

Does the £1.3 million come from this :

 

[chaser]

Excuse me guys i'm a bit thick and I can't be arsed reading the whole thread, so: What's this loan for? Any chance any of it will be used to bring players in?

 

[Seamus Colemole]

Sorry its small buit if you right click and view image you can just make it out.

 

[davek]

Does the £1.3 million come from this :

That's it.

 

[formerly manx toffee]

So the lid quoteing the document as the source of the supposed 13 mill and the interest of 1.3mill a year libaility doesnt have a source for these figures.

So the negatrons are going around quoteing figures of 13mill and an interest rate of 1.3 mill a year without any source, honestly lads where are these figures coming from your quoteing? Anyone?

Lets start there, before any more whoppers are told about a club director benifiting from a what seems like imaginary figure plucked out of the air.

Some bad whoppers being told on here.

Anyone?

I think all this document tells us is that a facility has been granted secured against monies due from the premier league for various broadcasting / central contract related things for next season (not this). It gives an amount of 1.3m secured elsewhere, presumably the interest but not clear, at least to me.