The Everton Board Thread

[PeregrineT]

They still defaulted on what is a rather small loan. It could have been backed by any other asset type.

But it was literally backed by some of their assets. They didnt default because they were unable to pay it, clearly they could to the tun of more than the loan, $41.5 million in assets.

You are assuming a lot about their motivation for defaulting. It could very likely have been because it was backed by assets that were worth $80 million, then when the R&Q shares dived, maybe they were then worth only $30 million, and they assumed it was financially better just to let them have the collateral. Then by the time the actual sale happened months later it had traded back up. There are more motivations for high end investors than just "we cant afford it". The smart ones also think "But should we", or "how can we work this to our advantage". Strategic default IS a thing.

 

[Exeter_Gently]

Looks like Msp according to the paper that won't be named.

 

[liamefc91]

 

[Exeter_Gently]

Not gona lie I'd be far happier with these guys.

 

[Tony’s Carp]

He sure is hedging his bets is Mike.

 

[neil999]

Whi doesn't like a twist? Kenwright as Keyser soze

 

[GoldenToffee]

I guarantee there will be no takeover or investment by Monday.

 

[neil999]

I guarantee there will be no takeover or investment by Monday.

Thanks for clearing this up

 

[Tony’s Carp]

Not gona lie I'd be far happier with these guys.

The reservation with MSP was that they weren't interested in a full takeover and therefore we wouldn't be rid of Moshiri, but that article suggests they've shifted position? I wonder if the 777 story was leaked to get MSP to put up or shut up, they've sounded like the preferred option all along.

 

[Exeter_Gently]

We don't know weren't interested in a full takeover...they may have be interested all along but just under the right terms.

 

[Lob]

Don't care who it is as long as it is a full take over. Percentage investment deals still keep Moshiri as majority holder and wont change anything. Just kicks the can a bit further down the road. He has got to go along with the entire board.

 

[EFC_FRANCIS]

Ken(wright) Roy about to kill the takeover

 

[ArtetaMoney]

Wouldn’t surprise me if it was a load of fabrication, made up by you know who.

 

[Exeter_Gently]

I guarantee there will be no takeover or investment by Monday.

Boooooooo

 

[Infernus]

BIDDING WAR!!!!!!!!!!!!!!!!!!!!!!