summerisle
The rain, it raineth every day
Is this the solution to the location of the Arteta money ?
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Is this the solution to the location of the Arteta money ?
I think he done a good job making the outside of the ground look half decent, Bill would have left it with the corrugated iron.
Why would they not be able to collect debts in the ordinary course of business?Maybe they have some agreement where they can assume control, but they dont get to collect any debt. Thats why the article SPECIFICALLY says they have instructed them to explore selling their clubs(assets). They are still bound by all the same agreements, thats the entire point of agreements. They can sell assets, they cant collect debt unless their prior signed agreements already said 777 could.
Not sure what you don't understand:Why would they not be able to collect debts in the ordinary course of business?
When we say ACap has control of 777, that’s what that means. If they have the right to sell assets (the other clubs) they certainly have the right to collect debts others are owed. They control 777 which means they’ve taken the shares as collateral for the money they are owed. They own 777.Not sure what you don't understand:
ACap can't collect the debt unless one of two things has happened:
1. The loan from 777 to Everton specifically stated that should 777 get into any sort of financial trouble then the debt passes to ACap.
2. ACap takeover 777 fully complete with all debts.
Now unless I am mistaken and I am happy to be proved wrong..I don't see that either of those has happened.
Debts never ever pass on automically unless those clauses are specially inserted into agreements.
I don't think it's as clear cut as that. I think it's more about 777 using assets more than once to secure loans against. Pretty sure thats what the dispute is about and why the courts have said the assets can't be sold until this is resolved.When we say ACap has control of 777, that’s what that means. If they have the right to sell assets (the other clubs) they certainly have the right to collect debts others are owed. They control 777 which means they’ve taken the shares as collateral for the money they are owed. They own 777.
And the Krypton Factor challengeHow do you join these intellectual heavyweights, does it involve a jigsaw ?
I think it's highly likely that Friedkin will have a major say in our transfer policy and dealings during the period of exclusivity .Friedkin will have had his say over Everton’s transfer budget
Pending his agreement over the finer points of the deal with Moshiri and Premier League ratification, Friedkin will take over Everton in the coming months.
However, although the AS Roma owner has signalled his commitment to the deal by taking over a £158m loan to the club from MSP Sports Capital, there is no telling exactly when the transition will happen.
That may mean that British-Iranian billionaire Moshiri is still steering the ship throughout the rest of the transfer window, which closes at the end of August.
However, Maguire is confident that Friedkin will have effectively set his own transfer budget for the club as a condition of the ongoing negotiations.
“Friedkin will have set their own budget already. Part of the negotiations with Moshiri will be around the level of money they can spend.
“It could be similar to what we saw with 777, with the new investors being willing to provide funding from a cash flow point of view.
“That would allow Thellwell to continue to operate in the transfer market uninhibited by the fact that Moshiri’s money has dried up.
I agree and expect this to be correct.I think it's highly likely that Friedkin will have a major say in our transfer policy and dealings during the period of exclusivity .
The alternative is that Moshiri could sell all our best players and take the money out of the club lowering the value or if Thelwell was unchecked we could be storing up PSR problems for the future.
So on that basis I think that it would be sensible , probably essential, for our future owners to be involved at this stage.
A small amount of interim cash flow for transfers could go a long way if we're talking just about initial up front payments- 20m say could get you 50-60m of players in the door. It would be sensible to provide it to protect the investment (it may already be what's funding Ndiaye and the move for Philogene).I think it's highly likely that Friedkin will have a major say in our transfer policy and dealings during the period of exclusivity .
The alternative is that Moshiri could sell all our best players and take the money out of the club lowering the value or if Thelwell was unchecked we could be storing up PSR problems for the future.
So on that basis I think that it would be sensible , probably essential, for our future owners to be involved at this stage.
I think thats a very silly view to hold.I think it's highly likely that Friedkin will have a major say in our transfer policy and dealings during the period of exclusivity .
Don't think Moshiri gives a Gnats chuff tbh.I think thats a very silly view to hold.
So far all they have done is loaned us money, they dont have their feet under the table.
I think its beyond stupid to assume that Moshiri would allow a prospective owner to have a say in how he runs his business.
This is the 4th takeover in the last 12months, do people really think we let those 777 clowns have a say in our transfer dealings?