Nope. Not even close.
If it goes tits up ( which it very well could considering even the RS got close to bankruptcy and they are and where far better run) the council is then liable for 300+ million.
your analogy is crap, its like putting a 50K car down as a guarentor for a 10k loan, for a person who has the job title of professional bum.
When have everton shown ourselves to have the ability to pay off a half a billion pound debt?
By assets I'm talking about we have no 50+ million pound players now and talking about insurance on players, what are we gonna do? start mowing them down and getting the rewards?
it could bankrupt the club and the city and moshiri could still walk away laughing.
How is it people are DEFENDING a Billionaire who from what it looks like, wont even provide the other 1/3 of the financing? and is loading the city of liverpool and everton football club with a debt of 500+ million?
the more I think about it, the more this looks like a massive swindle.
buy a stake of a club - pump 500 Million in debt into it - build stadium - sell shares for massive amounts of profit - club cant sustain half a billion pound debt - club goes bankrupt -walks away laughing.