Palfy

Chelsea 2-1 Everton

Tarks

54 minutes ago, Cornish Steve said:

Driving to Alabama yesterday to see my daughter and her family, it was shocking to see, even now, "Trump won" signs on stores, crude accusations against President Biden on trucks, people wearing shirts with Trump's mugshot in Atlanta proclaiming 'innocent', and more. Clearly, Trump and his supporters are very visible and vocal. Where have all the reasonable people gone?

We are here mate Britain

2 hours ago, MikeO said:

Not been the milk cup since 1986 you dinosaur

I know I was just trying to lower it’s status if that’s all Liverpool win in Klopp’s final season. 
1981 was the first year it was sponsored by the milk board, I reckon there would have been quite a few who thought wtf is he on about when I said the milk cup. 
And I’ll have you know I’m no dinosaur you cheeky sod, I’m just ageing gracefully and serenely now F off

1 hour ago, patto said:

To be honest it’s annoyed me for quite a while. 
but this morning I watched a program on YouTube by an American guy scouse not English it was very good but I can’t accept the saying S N E

Okay with ya, scouse is a stew from Norway I believe, I must confess I’ve never had it that I know of. You’re definitely English before you’re a scouse or Liverpudlian. As I keep saying to Steve you’re English before you’re Cornish but he won’t have it

1 hour ago, Hafnia said:

Nah they don't give up palf.  Got most their players missing and still play with intensity to the last minute. Lokonga returning will be huge for them - I'm hoping he misses another few weeks. 

Sadly yesterday took the fight away from them, the team and the manager looked really dejected, they’ve had about 8 first team players out at the same time and it eventually taking it’s toll. 
I would have liked them to have stayed up but I don’t think it’s going to happen, but I have enjoyed their style of play, unlike our numbness hoof ball tactics from the tactical maestro that is Sean Dyche. 
Maybe if they get relegated we could approach  Rob Edward’s to take over from Dyche who by all accounts is getting sacked at the end of this season. 

1 hour ago, Romey 1878 said:

In the last few weeks it's gone from saying they're going for the quadruple to it looking like the only trophy they'll get is the League Cup.

The milk cup or as Cornish would say the Mickey Mouse cup, or the one domestic trophy that has eluded us. 

6 minutes ago, dunlopp9987 said:

Looks like it's gonna be us, Forest and Luton. Palace are gonna be just fine.

Massive game next week against Forest, but I think Luton are going down they really have run out steam right near the end.  

What’s happened to bring this on?

6 hours ago, c1982 said:

The cost of the purchase then knocking Goodison down and removing the ‘debris’ (seems disrespectful to our home), then the redevelopment cost… with property and land costs/value - basically, Moshiri/whoever are keeping Goodison as a community site as, really, that’s the only option - it’s not a sentimental gesture - it’s lack of value. In London, the land’s worth millions but not in our location unfortunately.

You are probably right about the land value in that area, in my location an acre of land for housing which has more value than commercial goes for around 750,000 per acre which will usually allow 16-32 units to be built depending on size and density. 
Where Goodison is maybe around 4-500,000 an acre but that’s a guess, plus I don’t know how many acres the site covers, as for the demolition you can sell with the site as or clean but the initial cost for demolition isn’t as big as some think with the cost of recycled materials at premium demolition companies are very competitive and in some cases do the work for next to nothing based on what the can get for the recycled materials. 
But with the club in the financial mess it is can they afford to develop the site for free, or should they sell the site, or should they give the site away for free to a company that is sympathetic to what they would like to see and still allowing a profit for the buyer. 
A few options available but I don’t think we are in a position to lose money on what ever decision is taken disrespectful or not to our heritage, unfortunately the decision where we could throw a few million at it is sadly gone due to the miss management of the club, and now we find ourselves needing to make a few million out of it. 

1 hour ago, Hafnia said:

Well..... maybe we need to sell goodison park to a "private" developer for £500m. That would sort psr out 

Whether you meant it or not needs must, I know that the club wanted to turn into a community hub blah blah, but really can we actually afford to be that benevolent in our position, sell to the highest buyers and hopefully they will build construct something beneficial for the community, possibly HA housing for rent. 

18 minutes ago, Hafnia said:

I don't think he thought he was doing the right thing at all Palf, we know he had people telling him he was doing the wrong thing. It was at AGMs where he was told quite clearly - his response was to cancel AGMs.

He used client journalists to shut fans down, he continued to tie our club into loan shark deals with his mates which absolutely crippled us to this day.  It was all very calculated in order for him to stay in control like a dictator.

Theres been some things written that make him out to be some sort of soft Ollie who didn't understand the world he was operating in. He did - he just wanted to run his club and it was a vehicle for his ego. 

our club is an absolute mess because of him. His final chapter was to tell the media he couldn't attend games because of fans and because DBB was out in a headlock. Then he penned a bitter letter to fans.

Many of us seen it ending like this. 

 

I accept all that he did as the years rolled on my point was that I don’t believe he set out on that path from the beginning, I believe in the beginning he had all the best intentions to do right for the club, but started to change early on and turned into the man that destroyed a club for his own destiny, so please don’t misunderstand me Haf I’m not defending him for how things turned out he shit on us in the worst possible way in the end, but do I believe from day one that was his agenda I have to be honest no I don’t. 

49 minutes ago, StevO said:

The saddest part of all of it for me is that Bill was the saviour of the evil Peter Johnson, yet leaves with no real legacy. 
Peter Johnson delivered an FA Cup win. 
Even Moshiri will deliver a stadium. 
I don’t see anything to remember Bill for other than turning Evertonians against each other. 

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. 

1 hour ago, Cornish Steve said:

There needs to be a thorough government audit of the Premier League since it appears to be a hive of deceit and double standards. They'll probably plead the same defense as did the NFL in the US, that they're an entertainment organization that can do as they please, but that's not how the fans see it. It's become a complete and utter farce.

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. 

11 minutes ago, MikeO said:

Getting all poetic

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. 

1 hour ago, MikeO said:

Doing a major makeover of my bedroom and came across my wedding suit...and it fits me

Lost around four and a half stone in the last couple of years so I'd have been a bit pissed off if it didn't to be honest 

And you will probably find it’s back in fashion

18 minutes ago, Romey 1878 said:

Says the fella that wanted to know how much the stadium weighs!

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. 

4 hours ago, StevO said:

Something a bit different, you can move the camera around and have a look.

Not the highest resolution, but i'm just having a go now, its a bit of fun.

 

 

3 hours ago, Newty82 said:

Mega that. And the stadium.

Well worth a billion debt  

3 hours ago, Matt said:

That is seriously fucking cool. 

The technology behind that is mind-blowingly impressive too.

I think you 3 need to get out a bit more

9 minutes ago, Newty82 said:

Away from the debt thing...I've said my piece on that. Don't want to bore you all!!!

My next concern is how any cash released from the asset (stadium) is used.

I fear that it is all too easy to release cash against it and award shareholders, while the place and club rots.

For example, Glazers at United.

Or, just like what various water companies did in the 90s when privatised. Instead of getting loans against the assets to improve them...they paid handsome dividends to shareholders. Now the water companies, facilities and systems are fucked!

Get a water meter

5 minutes ago, Romey 1878 said:

Not really seeing as we'd get in trouble with the league again.

Water off a ducks back to us. 

8 minutes ago, StevO said:

No it doesn’t need to be sold. 
All these loans we’ve got are to complete the stadium, but right now we don’t have an asset to secure them against. When we do everything can be restructured. 
777 have done most of the lending anyway, so if they get control of the club it’s pretty straightforward. 

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. 

8 minutes ago, StevO said:

Yes. Right now we have big debts but technically nothing to show for it. Once the stadium is complete we have a massive asset that generates turnover, and a debt offset against the asset. It’s not about selling it either, it’s just security. 
We’re just in a bridging phase for the remainder of the build. 
Financially the stadium won’t be a problem when it’s up and running. 

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. 

7 minutes ago, Newty82 said:

I wasn't on about selling the house. I'm happy living in it and renting out the spare rooms

I'm on about my house being worth more than my debt...so I can release cash against it.

I mean, I could be completely wrong here! But is that not just business? Businesses regularly use their assets as a means to guarantee any cash they need to then go and grow and expand the business?

Now, before anyone gets this twisted. I'm not at all saying that we're all OK. Everything will be fine. My only point here is that a chunk (not all!) of the debt MIGHT be 'safe' as it's been used to build an asset that will generate more value over time. Which, again, is business, right?!

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.