Mosh Pit
Player Valuation: £8m
In your opinion.
davek
Player Valuation: £150m
Debt free? We have short term loans and the little matter of owing Moshiri £80M.
Debt free, means having no debts, we have no external debts, thus we are debt free.
davek
Player Valuation: £150m
There are loans as far as I'm aware. These are still in play and secured by the sky cash.
Kenshin
Player Valuation: £40m
They are officially in charge of transfers. Of course they Ifare in charge in something?
Many fans hang their hopes on next season on the transfer market.
Its like you are struggling with the words im typing David, lets take each word at a time.
Debt - Which means to owe money
Free - Which means Everton at home under Martinez
davek
Player Valuation: £150m
How isn't handing over cash to sky to repay them for monies spent in advance settling a debt?
davek
Player Valuation: £150m
Moshiri: the buck stops right there. No Kenwright, no Elstone. He determines what's spent.
That was the pru loan wasnt it David?
Fairly sure that was what The Mosh paid off with his generous gift to the club of 80m.
davek
Player Valuation: £150m
Nope.
Which he will get back in spades, no doubt. He is not a philanthropist, he is a businessman and l have no qualms IF the end game makes Everton competitive. I really do not know what you want or expect out of Moshiri. Bill Gates, l believe, wants nowt to do with us but if that is how you feel then let's sack off Moshiri and stick to what we know best - being also rans with a proud 'history' because it means sweet F.A. nowadays. Mankind is where it is currently because people over the ages took risks - sometimes for good, sometimes for bad - but you will never know until you at least try.
So please stop your negative whinging. You are nothing more than an, albeit successful, 'shock jock' who likes to rattle people's chains to prompt a response.
Arghh, l fell for it!
All debts have currently been settled David, hence the "debt free" statement from my people.
davek
Player Valuation: £150m
Nope.
The club still use loans backed up by the sky cash:
From The Guardian 6 months ago:
"At Everton’s AGM in November 2015, the CEO Robert Elstone castigated shareholders who asked questions about Green’s potential involvement before revealing that the club’s net debt had increased from £28.1m in 2013–14 to £31.3m in 2014–15, despite announcing a record turnover and bumper new TV deal.“We have three sources of lending,” he said. “We have a long-term loan with the Prudential that expires in 2026, an overdraft with Barclays that is not enough to manage the day-to-day cash flow of the football club and, to address that, we borrow from JG Funding (a private company) against the TV money. It is all fully disclosed in our accounts, is approved by the Premier League and paid back at the end of the year.”
Less than six months after the loan with JG Funding was taken out, Moshiri paid £87.5m for his 49.9% share, valuing the club at £175m. The publication of Everton’s 2015-16 accounts last week revealed the Iranian businessman has also provided an interest-free loan of £80m “with no agreed repayment date. This funding has been used post year-end to reduce the club’s long-term debt by repaying the entire other loans balance of £54.8m at 31 May 2016.”
Despite that, Everton’s accounts show that another loan was taken out on 26 August 2016. This time, it was registered to a company called Rights and Media Funding Limited, which had changed its name from JG Funding at the end of 2015"
CynicalBlue
Player Valuation: £8m
Not entirely true as my pal works for Lucozade and claims we are in the owings for a touch over 2 grand.
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