villa89 Posted July 20 Share Posted July 20 Now any buyer will wait for administration to resolve the debts first and then buy what's left. If you buy them now you'd be liable for the debts. Link to comment Share on other sites More sharing options...
sidcow Posted July 20 VT Supporter Share Posted July 20 11 hours ago, villa89 said: Now any buyer will wait for administration to resolve the debts first and then buy what's left. If you buy them now you'd be liable for the debts. If they enter administration that will be relegation almost guaranteed. Dangerous game for a buyer. Link to comment Share on other sites More sharing options...
Hank Scorpio Posted July 20 Share Posted July 20 How can it get this bad. No oversight. Link to comment Share on other sites More sharing options...
The_Steve Posted July 20 Share Posted July 20 1 1 Link to comment Share on other sites More sharing options...
Zatman Posted July 20 Share Posted July 20 Suppose not all that bad, they have Maupay back with his great goal record Link to comment Share on other sites More sharing options...
VillaChris Posted July 20 Share Posted July 20 On 19/07/2024 at 15:42, sidcow said: At this point, you've just got to have a firesale. Get rid of as many first teamers as you can. It's about reducing the wagebill as much as realising big transfer fees. Better to be left with the reserves and get relegated than go bust. Once their outgoings are under control they at least have this year's PL money then 3 years of parachute payments to exist with. And that stadium alone will generate revenues any other Championship team won't be able to get remotely close to. Dyche will probably kept them up regardless of what happens with their finances. Won't be pretty but they'll grind out the 1-0s/0-0s like last season when they had the fifth best defence which was a bit mad. Only thing that relegates them is they lose Branthwaite and don't replace him with anyone and just start playing Michael Keane again. Or Tarkowski gets a Mings type injury next season. Last season they started off with 1 point from 5 games and then lost the 8-12 points and they still stayed up pretty easily. Link to comment Share on other sites More sharing options...
desensitized43 Posted July 22 Share Posted July 22 On 20/07/2024 at 21:51, VillaChris said: Last season they started off with 1 point from 5 games and then lost the 8-12 points and they still stayed up pretty easily. Look at what they were competing against though. It really wasn’t hard to stay up last season Link to comment Share on other sites More sharing options...
Czarnikjak Posted July 22 Share Posted July 22 3 hours ago, desensitized43 said: Look at what they were competing against though. It really wasn’t hard to stay up last season They didn't just stay up. Accumulated 48 points, same amount as Brighton and Bournemouth, without points deduction this is comfortable midtable with 5th best defence in the league. Dyche should have a statue built for this. Link to comment Share on other sites More sharing options...
The_Steve Posted July 22 Share Posted July 22 Heavily linked with Gnoto from Leeds Link to comment Share on other sites More sharing options...
Demitri_C Posted July 22 Share Posted July 22 A previous attempted buyer has come forward. If dyche walks i think they are going down Link to comment Share on other sites More sharing options...
T-Dog Posted July 24 Share Posted July 24 On 19/07/2024 at 16:19, ender4 said: This makes it ermmm clearer? Would someone be so kind to break this down for me, I don't really understand what the percentages are or how they fit with everything else. Ta. Link to comment Share on other sites More sharing options...
ender4 Posted July 24 Share Posted July 24 14 minutes ago, T-Dog said: Would someone be so kind to break this down for me, I don't really understand what the percentages are or how they fit with everything else. Ta. £626 million owed by Everton to external parties which must be repaid at some point. £451 million also owned to the owner Moshiri which he could write-off but refuses to do so. So in theory any new interested buyer would need to pay/owe £1.1 Billion to own the club. Link to comment Share on other sites More sharing options...
T-Dog Posted July 24 Share Posted July 24 5 minutes ago, ender4 said: £626 million owed by Everton to external parties which must be repaid at some point. £451 million also owned to the owner Moshiri which he could write-off but refuses to do so. So in theory any new interested buyer would need to pay/owe £1.1 Billion to own the club. Firstly - Thank you Secondly - WTF, that's incredible. Is this just something that has been going on for years and year, paying off debts with more debts and all that? Link to comment Share on other sites More sharing options...
The Fun Factory Posted July 24 Share Posted July 24 10 minutes ago, ender4 said: £626 million owed by Everton to external parties which must be repaid at some point. £451 million also owned to the owner Moshiri which he could write-off but refuses to do so. So in theory any new interested buyer would need to pay/owe £1.1 Billion to own the club. So without being too technical, they are utterly f**ked. Link to comment Share on other sites More sharing options...
Zatman Posted July 24 Share Posted July 24 17 minutes ago, ender4 said: £626 million owed by Everton to external parties which must be repaid at some point. £451 million also owned to the owner Moshiri which he could write-off but refuses to do so. So in theory any new interested buyer would need to pay/owe £1.1 Billion to own the club. Moshiri is just a front man for the Russian guy as well 1 Link to comment Share on other sites More sharing options...
ender4 Posted July 24 Share Posted July 24 (edited) 16 minutes ago, T-Dog said: Firstly - Thank you Secondly - WTF, that's incredible. Is this just something that has been going on for years and year, paying off debts with more debts and all that? Kind of. The £426 million on the right hand side should be stadium debt and so in theory it should have been on a long-term repayable basis, say over 25 years. I don’t think they took out a proper loan like that though as 777 were looking to buy the club instead. Edited July 24 by ender4 Link to comment Share on other sites More sharing options...
Czarnikjak Posted July 24 Share Posted July 24 42 minutes ago, ender4 said: £626 million owed by Everton to external parties which must be repaid at some point. £451 million also owned to the owner Moshiri which he could write-off but refuses to do so. So in theory any new interested buyer would need to pay/owe £1.1 Billion to own the club. No, Moshiri knows he is not getting this £450m back, he was willing to take less than £100m from 777, he knows he is getting much less now, hence he was clinging to 777 for that long. He won’t get more than £50m now. 1 Link to comment Share on other sites More sharing options...
S-Platt Posted July 24 VT Supporter Share Posted July 24 They should just takeout an IVA Link to comment Share on other sites More sharing options...
pas5898 Posted July 25 Share Posted July 25 9 hours ago, S-Platt said: They should just takeout an IVA Essentially this is why there's no takeovers pending. Potential buyers are waiting for them to go into administration - write off a percentage of debts then pick them up. Only downside of administration is they will almost certainly be relegated. Link to comment Share on other sites More sharing options...
ender4 Posted July 25 Share Posted July 25 17 minutes ago, pas5898 said: Only downside of administration is they will almost certainly be relegated. I'm not so sure. Isn't administration a 9 point penalty. They got more than that deducted last season and stayed up by 14 points in the end. Dyche will keep them tumbling along near the bottom even with the penalty. The problem is that would they lose the stadium if they go into administration or is that protected in a separate company? Link to comment Share on other sites More sharing options...
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