Is this like drawing down on a promise, or more that funds set aside are needed for players in a more desperate situation?
Another whopper from number 1 Everton source Alan.
I think we're back in Kansas...I dont think any of your doomers from the last 5 years have come true, mate.
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..?
I was dreaming i was awake and then woke up and found myself asleep.The Arteta money wasn't lost, it just wasn't possible to find it
So who is this Rights and Media Funding?
A company that Luvvie Bill and Suntan Bob used to loan money into the clubSo who is this Rights and Media Funding?
https://www.theguardian.com/footbal...ng-riverdance-everton-shadow-investor-mysterySo who is this Rights and Media Funding?
A company that Luvvie Bill and Suntan Bob used to loan money into the club
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.
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..?
In effect controlling us..