The Everton Board Thread 2015/16 [ Not takeover related ]

[evo1878]

@watchedToffee saying a new loan has been taken out secured on 2016/17 TV revenue

Not surprised. Groundhog day again. And so the vicious cycle of gambling on the Board maintaining what they think is the status quo starts for another year.

 

[bluestevon]

Do you think Bobby spoke out against the company line last night with that fantastic quote? Or is the board on the same page? You're 100% correct, this next week is going to be very interesting!

Believe 100% it was him speaking for himself mate, this is going to be very interesting in the aftermath of that interview

 

[bluestevon]

Indeed sir, we are now borrowing two seasons ahead. JG Funding and some have already traced this back to a well know figure.

Always thought rems best album was green

 

[The Esk]

Not surprised. Groundhog day again. And so the vicious cycle of gambling on the Board maintaining what they think is the status quo starts for another year.

The reliance on debt to fund their working capital requirements tells you all you need to know about (i) how limited their investment plans are for the next year and (ii) their reluctance to invest or seek investment capital via equity.

Plus ça change!

 

[Foot Long Hot Dog]

The reliance on debt to fund their working capital requirements tells you all you need to know about (i) how limited their investment plans are for the next year and (ii) they're reluctance to invest or seek investment capital via equity.

Plus ça change!

The renewal of that loan also shows that they're likely to spend the proceeds in the transfer market, as otherwise the incremental TV revenue and the current level of net spend would mean that they could have cleared the Vibrac loan without the need to renew it.

 

[The Esk]

The renewal of that loan also shows that they're likely to spend the proceeds in the transfer market, as otherwise the incremental TV revenue and the current level of net spend would mean that they could have cleared the Vibrac loan without the need to renew it.

The Vibrac loan will have been cleared when they received the final instalment of the 2014/15 broadcasting revenues. I haven't checked to see if it is marked as satisfied or if a new facility with Vibrac has been arranged.

 

[chicoazul]

There's no excuse for any regular Premier League club to be boring a season in advance on tickets.

 

[Foot Long Hot Dog]

The Vibrac loan will have been cleared when they received the final instalment of the 2014/15 broadcasting revenues. I haven't checked to see if it is marked as satisfied or if a new facility with Vibrac has been arranged.

Irrespective of the funder, the mere fact they've borrowed another chunk of cash at this juncture means that they're intending spending the capital in the forthcoming days, as otherwise there'd have been no financial need to renew. So a mixed bag really, debt level continues on a par (assuming the borrowed amount was the same) but we should see some in comings with the proceeds.

 

[chazzle_dazzle]

The Vibrac loan will have been cleared when they received the final instalment of the 2014/15 broadcasting revenues. I haven't checked to see if it is marked as satisfied or if a new facility with Vibrac has been arranged.

Just posted in another thread about this - but shows how rubbish we are really, if we are using this for transfers or other costs, the fact we are relying on these loans, from what i can read, season in season out is mental.

 

[The Esk]

Irrespective of the funder, the mere fact they've borrowed another chunk of cash at this juncture means that they're intending spending the capital in the forthcoming days, as otherwise there'd have been no financial need to renew. So a mixed bag really, debt level continues on a par (assuming the borrowed amount was the same) but we should see some in comings with the proceeds.

Agree, and it also backs up completely that Stones will not be sold.

 

[blueboy1664]

The reliance on debt to fund their working capital requirements tells you all you need to know about (i) how limited their investment plans are for the next year and (ii) they're reluctance to invest or seek investment capital via equity.

Plus ça change!

Stones is our investment plans, 2017 lukaku, 2018 barkley, 2019 garbutt, 2020 gerry

 

[The Esk]

Just posted in another thread about this - but shows how rubbish we are really, if we are using this for transfers or other costs, the fact we are relying on these loans, from what i can read, season in season out is mental.

It shows how poor our balance sheet and how under-capitalised as a business we are.

Re-capitalise through new investors or new owners and all these issues disappear.

 

[chazzle_dazzle]

It shows how poor our balance sheet and how under-capitalised as a business we are.

Re-capitalise through new investors or new owners and all these issues disappear.

Yeah its crazy mate... there has always been something fishy about the whole situation with loans and that taken from these entities.

 

[Whistlin' Dixie]

Hands up all those who'd have believed the board if they said: "Buying 'x' was NOT dependent on Stones' sale" , had Stones been sold????

 

[magicjuan]

Irrespective of the funder, the mere fact they've borrowed another chunk of cash at this juncture means that they're intending spending the capital in the forthcoming days, as otherwise there'd have been no financial need to renew. So a mixed bag really, debt level continues on a par (assuming the borrowed amount was the same) but we should see some in comings with the proceeds.

Could possibly be an agreement to maintain payments and renew to keep interest on going by way of credit 'facilitating ', not necessarily to spend