Chrismac
Player Valuation: £15m
ACAP will be the last to get paid. Really hope RMF are paid off soon as well. Cut the crap from the club and get control back asap
From what I have heard. Their bid it seems, was to simply ensure that Everton Football Club had at least ONE option to prevent catastrophe and/or going into administration and/or liquidation
That seems to have been their main goal. They've bowed out gracefully and you'll have noted have not otherwise commented
Think of them acting like a "safety net" for the club. That seems to have been their intention, although they would have themselves benefited had it gone through, they've not it seems - obstructed - Freidkin
I 1000000% agree, paying RMF back cuts our interest servicing costs dramatically. They Bank of England Base Rate +5.5% pa. interest loans agreed by Bill Kenwright et al have cost us lots of money
We need to get the costs minimised. ASAP. To benefit every single EFC stakeholder
Did they pay MSP loan off?
davek
Player Valuation: £150m
I'm not ignoring them. They were the same level of achievement as that overseen by TFG. Not good enough for Roma, which is why Pallotta's group were turned on and they sold up. The only thing that's stood in the way of that happening to TFG is Mourinho securing a third level Euro trophy last season.
It won't do to describe TFG's time at Roma a roaring success. That's a massive exaggeration about their short time there, and the portents don't look good for them either.
Yes, I accept all that. However, the final indignity is to have your club be enveloped by a conglomerate and fall into its shadow with your own identity obscured...which is what will happen to Everton.
There's some ridiculous notion that Everton won't succumb to that. But we will. Its already happening now with the reporting of this deal and where the balance of power and coverage lies in relation to Everton and the group it looks to have entangled itself with.
I see Evertonians like this: running toward the corporate abyss - hurtling themselves into the void; happy to avoid 'administration'...
How did we end up with a view like this of our club's worth?
I think we're worth more than that. I think we're worth more than The Friedkin Group.
The tail is wagging the dog here: we're going to fall under the shadow of a spiv enterprise that was founded 50 odd years ago and has nothing like the legacy or 'brand recognition' of Everton Football Club.
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MisterJ
Player Valuation: £25m
Does this help for psr?
Potentially. Insofar any interest costs are reduced. They were mainly an impediment to satisfy Premier League OSDT
Paying R&MF off definitely will do, in future years as it reduces interest costs if those costs do not relate to the stadium
It all depends upon how the R&MF were accounted for (which off the top of my head, I admit I don't know or can't remember)
PSR is all about PROFIT AND LOSS. Meaning if you increase revenue and/or profit whilst minimising losses/costs you do well within it and comply
MisterJ
Player Valuation: £25m
TGW89
Player Valuation: £35m
Hmmm ok - how about:
- 2021: Losing Carlo and replacing him with a clueless kopite relic who alienated about half the team
- 2022: The mother of all comebacks against the bang-average Palace to avoid a nervy last day
- 2023: Board does a runner and we're a Doucoure mis-hit away from relegation and likely extinction
- 2024: Surviving despite a -8 deduction and a 13-game winless run that could have killed us
We're lucky we're not opening next term with a trip to Crawley. Pipe down.
Marius57
Player Valuation: £50m
So you are angry because they used to be competing for champions league, the previous owners dragged them down and falling foul of financial rules, and TFG have come in and steadied the ship with no fall in position, and increased their profits etc?I'm not ignoring them. They were the same level of achievement as that overseen by TFG. Not good enough for Roma, which is why Pallotta's group were turned on and they sold up. The only thing that's stood in the way of that happening to TFG is Mourinho securing a third level Euro trophy last season.
It won't do to describe TFG's time at Roma a roaring success. That's a massive exaggeration about their short time there, and the portents don't look good for them either.
Yes, I accept all that. However, the final indignity is to have your club be enveloped by a conglomerate and fall into its shadow with your own identity obscured...which is what will happen to Everton.
There's some ridiculous notion that Everton won't succumb to that. But we will. Its already happening now with the reporting of this deal and where the balance of power and coverage lies in relation to Everton and the group it looks to have entangled itself with.
I see Evertonians like this: running toward the corporate abyss - hurtling themselves into the void; happy to avoid 'administration'...
How did we end up with a view like this of our club's worth?
I think we're worth more than that. I think we're worth more than The Friedkin Group.
The tail is wagging the dog here: we're going to fall under the shadow of a spiv enterprise that was founded 50 odd years ago and has nothing like the legacy or 'brand recognition' of Everton Football Club.
It may not be a roaring success in terms of getting back to challenging for league titles within what, 3 seasons, but it would be argued it’s a success.
So what does a suitable new owner look like?
A non-corporate, ethical, non-republican, multi-billionaire, with a clean human rights record, who has a historic legacy, and was founded at least 50 years ago, football savvy, but not an Evertonian, and has no other corporate interests which could taint or obscure our own rich identity.
Good luck dude.
It's a long, long time since EFC were well run. Probably it started to go wrong in the early 70's when John Moores started to lose interest. I think we had a great team for a few seasons in the 80's despite the way we were run, not because of it. Everton's pathetic response to the ban after the Heysel Riot tells you all you need to know.
Where and when is that from, fella? Thanks for posting.
summerisle
The rain, it raineth every day
peteblue
Welcome back Wayne
ECA Board meets to advance strategic and governance reform programme
Chaired by Nasser Al-Khelaifi, the Board took a number of decisions in respect of the new membership cycle to set ECA on the path for further expansion and reform.