Verbal Kint
Player Valuation: £35m
That's ok if 1.we are for sale or indeed close to selling. 2.we haven't had 16 years of asset stripping and failed ground moves already.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
- Status
That's ok if 1.we are for sale or indeed close to selling. 2.we haven't had 16 years of asset stripping and failed ground moves already.
I fully believe this board won't be able to provide us with stadium and if the rumours are true that we are selling then that announcement makes sense. Could go 2 ways in my eyes.
1. We are in talks to sell which will obviously hold up any stadium plans. You would of thought we are trying to sell to someone who would be able to carry on with planning and be able to fund it. hence the longer wait.
2. Everything we've heard is bull and we can't sell because the asking price is to high and we can't afford the stadium.
Hopefully 1 is correct, surely if we can't sell or fund a stadium LCC would of pulled out.
royvernon39
Player Valuation: £10m
yes. As usual. In the time that that the lying, no-good, no investing Chairman and his zombie director mates have been in charge they could have rebuilt Goodison bit by bit, which is our only option because .... there is no money to support a move to a new stadium.
We all knew this. The Council knows this. So why all this bs about a move to a new stadium?.
Jumping the gun here, but the bulk of the information in the accounts will not be worth the paper it's written on IF a takeover is in the offing, and are of limited use in any case.
There will be the usual fume about operating costs, VIBRAC and the new kid on the block JG Funding (even though no-one knows how much we are into them for).
There will be the "how do we owe so much?" board flagellation
In most cases it will be ignored that the accounts are for 31st May and as I see it the following changes (at the very least) to the borrowing figures have probably taken place:
Let the fume-fest begin.
There will be the usual fume about operating costs, VIBRAC and the new kid on the block JG Funding (even though no-one knows how much we are into them for).
There will be the "how do we owe so much?" board flagellation
In most cases it will be ignored that the accounts are for 31st May and as I see it the following changes (at the very least) to the borrowing figures have probably taken place:
- Obviously VIBRAC have been repaid - we don't know how much was borrowed from JG Funding and I am uncertain if the amount will be disclosed in the accounts.
- There was a discrepancy between specifically noted borrowings and the figures in the accounts for years (goes back to the Investco? loan), and whilst I fully expect it to still be there in these accounts, I believe that this was ultimately owed to Barclays, so the evidence of the cleared charges would suggest that this has either been repaid or has been restructured into the remaining charges to Barclays. (Floating charge and offset of balances would normally suggest an overdraft facility rather than a term loan)
Let the fume-fest begin.
Last edited:
Are they released next week?
I have a question; if the club were 'tidying' up the books, signing off charges etc down to takeover discussions/strategy to sell, wouldnt the club have been better selling Stones in August to show that not only are a number of loans discharged, but we also have a vast amount of cash in the bank?
I would imagine that they will be released early next week as the AGM is 3 weeks on Monday, however, my understanding is that the company is no longer under a statutory obligation to have them passed by the AGM under the Companies Act 2006.
The way I look at it is Stones will be an appreciating asset as long as he remains fit and suffers no loss of form. I would also question if Chelsea's offer was cash or staggered payments (like Rom and most others) so although sold for a huge profit, would the cash be there to pay off any appreciable amount of debt - even if a cash deal, by the time a replacement was purchased, how much debt could be paid off?
Won't know until the accounts are published, but my guess is that the downward trend continued on non-noted borrowings, so that by May 15, if we were canny in our transfer dealings or didn't spend the whole kitty, they could be paid off. Bear in mind that 4 of the 5 satisfied charges were in favour of Barclays, and from memory the discrepancy between Vibrac+Prudential and the borrowings in the balance sheet for 2014 was 6 mil, so manageable or as stated in previous post, lumped into an overdraft.
The above is only my gut feeling, so I await being shot down in flames.
The way I look at it is Stones will be an appreciating asset as long as he remains fit and suffers no loss of form. I would also question if Chelsea's offer was cash or staggered payments (like Rom and most others) so although sold for a huge profit, would the cash be there to pay off any appreciable amount of debt - even if a cash deal, by the time a replacement was purchased, how much debt could be paid off?
Won't know until the accounts are published, but my guess is that the downward trend continued on non-noted borrowings, so that by May 15, if we were canny in our transfer dealings or didn't spend the whole kitty, they could be paid off. Bear in mind that 4 of the 5 satisfied charges were in favour of Barclays, and from memory the discrepancy between Vibrac+Prudential and the borrowings in the balance sheet for 2014 was 6 mil, so manageable or as stated in previous post, lumped into an overdraft.
The above is only my gut feeling, so I await being shot down in flames.
Verbal Kint
Player Valuation: £35m
According to the gospel that is twitter, Everton Itk supporters seem to think the Russian's are coming and talks are at an advanced stage regarding a takeover. Anybody heard anything else??
Disclaimer: Nobody know's who the Russians are, but id bet my bottom dollar it's young Igor from a bedsit in Aberdeen.
Disclaimer: Nobody know's who the Russians are, but id bet my bottom dollar it's young Igor from a bedsit in Aberdeen.
TheFinnFan
Finners
Imagine if that taxi rumour would become true xxx
Woolly Blue
Player Valuation: £80m
They're probably taking over the Taxi Club in Walton.
Why would someone who has the cash to buy a football club want the football club to sell the football assets to create cash on the balance sheet?
See your starting position is that the takeover is a done deal mate -is there something you should be sharing with us?
See your starting position is that the takeover is a done deal mate -is there something you should be sharing with us?
Sorry, I don't know anything and I won't be a hope merchant today (maybe tomorrow). I'm just responding to the idea that selling Stones makes the balance sheet more attractive for potential buyers.
Must admit I looked at it from the point of view of there being no takeover when I responded and there was no case to sell Stones anyway.
Oh well, back to my half empty glass.
It's Jerzei Balowski mate.
- Status