Everton change bridging loan from Barclays to company in BVI

[Matt Damon]

I'd rather we had some cash-rich Evertonians involved, but at the very very least, having these two at the club could well be what's preventing the Bank coming after us Portsmouth style. Am I happy with them? No. Have I got any choice in the matter? Also no. They are going to have to do until something bigger and/or better comes along.

70% of that cash should go on cash generators - or putting in place things for when the economy picks up again...

things like a club shop, mueseum, major corporate and oh what? 10,000 or 15,000 extra seats.

 

[kenada_blue]

That you on 606 davek?

Some lads just spilled all the info we've gone over....

Sav and Chappers had nothing to say

oh and your stokes wolves fans are giving it the "at least were not Everton"

tears here

 

[Trowel]

It's not BCR. It's another vehicle being used by Earl/Green. If that's ever proven wrong I'll be happy to eat a large slice of humble pie. Like I say, you can look for get out arguments from what's staring you in the face all day long.

It takes about two seconds to find out that Vanterpool Plaza is a business complex from where dozens of companies operate, rather than an ivory tower with Robert Earl sat at on the top floor stroking a cat.

The most likely (real world) scenario is Vibrac are a financing company registered in the same office block, who Earl is on friendly terms with, hence the favourable terms.

 

[Jamo Martinez]

It takes about two seconds to find out that Vanterpool Plaza is a business complex from where dozens of companies operate, rather than an ivory tower with Robert Earl sat at on the top floor stroking a cat.

The most likely (real world) scenario is Vibrac are a financing company registered in the same office block, who Earl is on friendly terms with, hence the favourable terms.

Earl doesn't stroke cats. He sells them

 

[manxtoffee]

Tickle me pink or is someone taking the proverbial calling a finance company Vibrac?

 

[Deleted member 28206]

Where are you getting £13m from

 

[davek]

It takes about two seconds to find out that Vanterpool Plaza is a business complex from where dozens of companies operate, rather than an ivory tower with Robert Earl sat at on the top floor stroking a cat.

The most likely (real world) scenario is Vibrac are a financing company registered in the same office block, who Earl is on friendly terms with, hence the favourable terms.

Dozens of companies with hundreds of directors and partners but just one of whom is already involved in Everton. What are the chances out of this whole wide world of financial services Everton turned to one of Robert Earl's next door neighbours to sort a bridging loan out for a struggling Premier League outfit?

Real world stuff that, mate.

As I said, I'm happy to eat that humble pie, but that's not even begining to prod the plate in my direction.

 

[Mvflusk]

5 pages and nobody has realised this is a CHARGE, not a mortgage.

Anti-board spin fail.

 

[Trowel]

Dozens of companies with hundreds of directors and partners but just one of whom is already involved in Everton. What are the chances out of this whole wide world of financial services Everton turned to one of Robert Earl's next door neighbours to sort a bridging loan out for a struggling Premier League outfit?

We picked our IT recruitment company on the basis they were located the floor below us. This is how business is sometimes done - it's who you know that counts.

 

[davek]

We picked our IT recruitment company on the basis they were located the floor below us. This is how business is sometimes done - it's who you know that counts.

That almost makes sense. Here's a question for you though: If you're some half arsed finance company situated in the BVI and you've been told that a British banking institution like Barclays and a huge SA finance services co. Investec have been jibbed for charging £1.6M on a set loan, then why on earth would you take less money for what represents an infinitely greater risk to your company?

 

[Matt Damon]

That almost makes sense. Here's a question for you though: If you're some half arsed finance company situated in the BVI and you've been told that a British banking institution like Barclays and a huge SA finance services co. Investec have been jibbed for charging £1.6M on a set loan, then why on earth would you take less money for what represents an infinitely greater risk to your company?

Have you seen whats been going on in the financial markets this month Dave?

I mean really??

 

[Azza]

That you on 606 davek?

Some lads just spilled all the info we've gone over....

Sav and Chappers had nothing to say

oh and your stokes wolves fans are giving it the "at least were not Everton"

tears here

Bloke called Conan it was. Said he has shares, he also told them about how they've stopped the AGMs, so don't get info as shareholders, don't get to question the board etc.

Dave asked him to email them the details.

 

[Matt Damon]

We picked our IT recruitment company on the basis they were located the floor below us. This is how business is sometimes done - it's who you know that counts.

Did the same. New employee recommended two companies and are doing IT upgrade and website renewal based on reputation.


Banking finance is tighter than ever. Going to a company one of the directors probably uses not unexpected.

The large banks are looking for higher rates to claw back cash to pay off bad debts.


The smaller lenders could very well be now out competing the Barclay's of this world...

(Barclay's who was central to the scare on Italy's sovereign debt worries btw out of all the UK banks)

 

[chicoazul]

Whichever way you look at it, it's not super news is it?

There's only so long we can keep treading water lids.

 

[davek]

Have you seen whats been going on in the financial markets this month Dave?

I mean really??

How does this answer my question? If you're implying the bigger institutions are drawing in their horns and not offering the same deal as previous years you're going to have to back that up with facts mate...I know you''re a stranger to them, but still....