MSP Sports Capital

[Lob]

Another whopper from number 1 Everton source Alan.

 

[Wat Tyler]

There was a capital call for the second tranche of the MSP investment made last week. £90 million was committed in this call. This tranche was not supposed to happen until Spring of 2024.

It appears the current ownership group cannot meet their funding deadlines on the stadium build.

We have not heard at our lowly level that the purchase is off. The original intent was always for a compete takeover of the club after an initial 45% stake and board control. This week’s new cash injection would have represented the second of three capital injections to happen over three years.

what’s this mate?

 

[Wat Tyler]

Another whopper from number 1 Everton source Alan.

Sounds like my sex life

 

[matty1878]

This reads to me as the lender deciding to force Moshiri's hand, and make him realize the haircut on his nonexistent equity that would result from a full sale of the club at present market value. The points deduction from administration just makes matters worse for him, so he has to sell if he knows they'll block anything. The lender, by contrast, looks like they're in a position where they get paid in full regardless of whether we go into administration, so they don't care.

If Moshiri tied his own hands by signing a contract that gives a third party veto power over external funding, in return for cash now, he has no one to blame but himself. It smacks of poor negotiating skills, and isn't that what we've been saying about both Kenwright and Moshiri for some time now?

It's a distressed asset where the sticking point in any negotiation will always be how much of a bath Moshiri takes. It doesn't appeal to glory hounds, so that premium isn't available. Moshiri would want to be made whole, and the club just isn't worth that. He has played for time, and it appears to me that time is up.

to sell to run to asset strip to liquidate? help me mate lol

 

[Dublin blue 75]

For these guys to structure a fund, register it with the SEC, solicit their investors to commit (and many did) and now have to cancel the commitments, this would not be something they would do lightly.

It makes them look unprofessional and undermines their credibility to their clients. They will however dust themselves down and carry on.

What caused them to back out is the billion dollar question? Have they found a stinking turd of fraud in their due diligence to the point that forsee a draconian punishment by way of points deductions (possibly) or worse to involve criminal levels of fraud?

There are vast sums of money washing through this club for years. Plenty of dirt could be about to come out in the wash. It will be painful in the short term but if it finally lances the boil that has been the one consistent here for 30 years, we need it.

Let the events take their course.

 

[everton1953]

Dats it den as the scouse penguin said to the scouse polar bear before he was swallowed.

 

[pedro789]

Al right across this, as per.

Alan Carr's got more credibility on what's happening with this s**tshow.

 

[GrandOldTeam]

Another whopper from number 1 Everton source Alan.

I think what he means is they wanted to continue but the shady Rights and Media Funding had to give consent - which they didn't.

Remarkable.

 

[Noisy noise annoys]

There was a capital call for the second tranche of the MSP investment made last week. £90 million was committed in this call. This tranche was not supposed to happen until Spring of 2024.

It appears the current ownership group cannot meet their funding deadlines on the stadium build.

We have not heard at our lowly level that the purchase is off. The original intent was always for a compete takeover of the club after an initial 45% stake and board control. This week’s new cash injection would have represented the second of three capital injections to happen over three years.

Does that mean they write off the first of the cash injections? We could have a whip round I guess

 

[matty1878]

There was a capital call for the second tranche of the MSP investment made last week. £90 million was committed in this call. This tranche was not supposed to happen until Spring of 2024.

It appears the current ownership group cannot meet their funding deadlines on the stadium build.

We have not heard at our lowly level that the purchase is off. The original intent was always for a compete takeover of the club after an initial 45% stake and board control. This week’s new cash injection would have represented the second of three capital injections to happen over three years.

any chance of breaking this down to a matty language mate?

 

[The binman chronicles]

So if we don’t spend another year or two, and somehow stay up, we are back at 0 and can actually spend? (If we stay up and have money)

That's about the size of it. I don't think Moshiri would blast another 105 million in but just like Forest you could spend large knowing you just can't go over that amount, so the players you buy in year one you might be looking to move on in year 3 for a profit to fund the next wave - if done properly and you don't blow it on older players with no resale value or like in our situation most leave for nothing because we paid then over inflated wages.

 

[maccavennie]

Talk to me Danny, what's the gossip at Mod central? Have you all agreed to get a consortium together?

I reckon if you bump our monthly fees up slightly to around 25k per month, we may have enough traction for a takeover

 

[samcdavies94]

Unless I'm missing something, the big blow here is that there's no imminent change at Board level. The additional 50 million that was coming into the club and now isn't wasn't going to transform the fortunes of the club was it..?

 

[maccavennie]

Another whopper from number 1 Everton source Alan.

Thanks Al

info appreciated as always

 

[magicjuan]

There was a capital call for the second tranche of the MSP investment made last week. £90 million was committed in this call. This tranche was not supposed to happen until Spring of 2024.

It appears the current ownership group cannot meet their funding deadlines on the stadium build.

We have not heard at our lowly level that the purchase is off. The original intent was always for a compete takeover of the club after an initial 45% stake and board control. This week’s new cash injection would have represented the second of three capital injections to happen over three years.

Is this like drawing down on a promise, or more that funds set aside are needed for players in a more desperate situation?