Palfy

I suppose if I think about what good he has done then I would say he did support Eitc, with regular donations and work for the benefit of those in the community that needed support, possibly if the truth be known to make himself look good but for me the reason doesn’t matter as long as those who needed the support got it. So I’ll give him credit for that side of his work at EFC.

You are right of course. But I can’t help thinking it would make a good non fiction film that could be entertaining in years to come.

I’ll take that from you mate

Forest just gone 2-1 up straight away Wolves score 2-2 phew

You get people in life that love someone or something so much that they are prepared to do whatever it takes to keep it, even if it means killing the person or thing they love or themselves. I think Bill lost site of the real reason he took ownership of the club, and in not wanting to give it up he nearly killed it. And unfortunately for the fans and great for him he fell up on manager in Moyes that did miracles on a small budget, that kept the fans relatively quiet and took the focus away from him so he could just concentrate on being Mr Everton and do all the things that he needed to gain brownie points in the community and with a lot of the younger players. Then Moyes left and things started to go to rat shit, so he sold up to hide the sham of the club’s finances and in doing so made sure he kept a high profile in the club as part of the deal. Then things got worse and worse as the years went on with the new owner who is absolutely fucking clueless, now I’m not saying Bill new at the outset that he hold to an idiot he would have believed he had sold to the right person who had the knowledge and money to make Everton a successful club, and he could have enjoyed is last year’s sat at the head of the directors box enjoying the journey and milking the adulation which we new he liked to do. So I don’t hate because at some point or stage he believed he was doing the right thing, then that changed when his decision making and judgement was all about what was best for him to keep the reins on the club and not the club.

And you will probably find it’s back in fashion

I did I hold my hands up, but Ste couldn’t answer my question but gave me the weight of some other building, I can only assume that when they do go out I’m probably there as well. Any how can anyone tell once completed what the stadium will weigh.

The biggest stumbling block with 777 is that they can’t raise the money, and time’s running out for the club to avoid going into receivership, and what that could mean for the future doesn’t really bear thinking about.

I think you 3 need to get out a bit more

Get a water meter

Water off a ducks back to us.

MSP and someone else who’s name as escaped me at the moment have made significant loans for the as well, with MSP loan of 158 million for the stadium solely, they have to be paid back in full by April 18th the or they can can claim 51% of Moshiri’s shares, which they don’t want to do because being sensible they don’t want to be saddled with a business that’s so much in debt, Moshiri’s deal with 777 was that they pay MSP 777 can’t raise the funds so they asked MSP to do a ground share which MSP turned down, they just want their money back like all sensible business imo when they can see no good future for their investment they just want their money back and to get out.

So we sell the stadium to cut our deficit, because the income once up and running won’t make the interest payments on the loans.

That’s like saying you could go out and buy a block of 40 apartments at 150k each for 6 million and then rent them out to make a profit, but forgetting you haven’t got 6 million or you haven’t got the means to repay the loans on 6 million, but you go ahead with the purchase without securing the finances in the correct manner, and end up borrowing money from investment companies who charge extortionate rates of interest that are wiping out any potential profit you may have able to make. Now does that sound like a good investment or business model to you. Because Moshiri thought it was a good business model, for reasons unknown to anyone bar himself he decided to go ahead with the Stadium when the club was already 450 million in debt and rising, he decided to go ahead with the stadium with out the funding in position, he then couldn’t raise the money through more conventional means like banks at a reasonable rate of interest, instead he had to go and source the financing from profiteering private investment companies at more than double the rate of interest of the more conventional lenders, with the interest on these loans exceeding 39 million a year at the last count and that’s just interest and no capital repayments, on a Stadium that hasn’t made any return for the investment and won’t for another 18 months, and when it does the projected extra turnover for the club was stated as 35 million a year, but that figure will be completely dwarfed by the interest we pay on the loans to pay for the build, which I might add have not all been fully sourced yet. Now that business model is what’s happened to Everton led by Moshiri, he allowed the club to go another 85 million in debt last year with nearly half of that in just interest payments, we can sell all our big players and maybe raise 200 million if we are lucky, but the debt and the interest will keep getting bigger, the club will fall out of the PL and eventually go to wall. What was meant to be a monumental moment in our history has turned out to be the club’s most monumental disastrous decision.

That would be good to see.

Fingers crossed something positive happens for once.

So we need to find a buyer who has around 1 billion in cleared funds to buy the club and pay off all companies who have put hundreds of millions into the build of the stadium, because until they are paid off we can’t borrow against the stadium. I know there are people out there who can find that sort of money, bar the stadium I don’t think we are a good enough proposition for any company to risk that sort of investment. I wonder if Chong and Thelwell went on Dragons Den whether they could convince the Dragons to stomp up the money.

If you can carry on making your mortgage repayments until you are ready to sell and the value of your property is more than mortgage then yes it’s an asset. BMD should have been an asset to the club in more ways than just financially, but because we can’t afford the loan repayments and still haven’t borrowed all the money needed to pay for it, it’s turned out to be a millstone around our neck. Have you told your wife and kids of your plans for a financially secure future for yourself, when you do let me know how you get on when you get out of hospital

It would if we had time to sell it, but doesn’t that go against the whole philosophy of building a stadium owned by the club so we could increase our earnings and not deplete them by renting. I said before we should have filled the dock and mothballed the build and saved the club until we were financially secure enough to recommence the project.

Now maybe people can understand why I’ve been banging on about it wasn’t the right time to build a Stadium, we were already 450 million in debt with over 90% of our turnover going on wages, yet we committed to 800 million stadium to bring our debt to somewhere around a mind boggling 1.25 billion, without the funding to do it. Like I said I would love a nice new shiny stadium but not a the cost of the club.

Goal difference could play a big part on who stays up this season hopefully between Luton and Forest, we should get to safety before the last game of the season which will make the last game of the season enjoyable. I’m going with Sheffield, Burnley, and Luton to go down, for me that’s no surprise that the 3 who came up will be the 3 that go down. We go on about the gulf between the top 4 or 5 in the league and how it’s getting bigger so less chance of bridging the gap, well I see that divide between the PL and Championship getting bigger so the teams coming up will struggle to stay up. So much for all the years of FFP rules.

They need to concentrate on staying up through merit on the pitch, instead of acting like sad losers before the season’s over. I have no sympathy for people who look to prosper on others misery, if you want to succeed go and work for it.

I agree, we would get no more near 70 million for Pickford we would get 30-40 max. Pickford must save us at least 15-20 points a season, without trying too sound to dramatic if we lose him we stand a very good chance of getting relegated next season, people shouldn’t underestimate what he gives, he saved us last season and he will save us this season.

50/50 for me mate I’m hoping we keep them both, Onana can definitely go if we can get 50 million plus. It’s a shite situation when we are having to sell players and can’t use the money to reinvest in the squad but use it to pay debts. It won’t be to long before we start having to play the under 21s to make the 1st team numbers up.

It does seem bizarre.