Palfy

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.

No not sarcasm, if he didn’t intend to play that way he would have gotten the message out to Pickford after 10 to cut the hoofing it up the field out, or it half time he would have cancelled it, but oh know he was elated by how well we were playing he asked for even more.

You say Allardyce should have been nowhere near the club, yet he came in to rescue a season that was in free fall and ended up getting us too 8th. Now from looking back through old posts only one person backed what he had done and that was PeteO, nearly everyone else including myself hated his style of football, then a few moaned about him throwing people under the bus in interviews after a game. For me the football is getting worse as the weeks go on under Dyche, and all this long ball stuff is disgusting and not what I want to see from any Everton team, and then for the manager to come out with the statement he did was cringe worthy, that the only tactic that he could come up with to beat Burnley, was to kick it long from the keeper and try to get a dirty win, if that was against City or Liverpool I may have given him the benefit of the doubt, but if he thinks that’s only way available to beat Burnley then we are fucked. And for me that alone makes him the worst manager we ever had at this club, talk the talk as much as he likes, but it’s blatantly obvious clear or should be that he’s in capable of walking the walk, he’s a absolute shit stain on this club.

Exactly this, let’s now channel our anger into coming together and galvanising our strengths to beat the drop and stick to fingers up to the PL, as the saying goes don’t get angry get even, let the higher hierarchy of the club fight an appeal, let the team and fans fight to win every point available to us before the end of the season.

Firstly they would be paid for the work completed to date, then they would try and negotiate a payment to cover any costs that they had occurred, if they couldn’t reach an agreement they would then refer to the contract, which wouldn’t say that Everton couldn’t stop the build due to financial constraints or difficulties, it wouldn’t say that if Everton did force Laing to stop the works that Laing would be paid a specific percentage of the contract costs. It would state the both parties should enter talks to reach an agreement, if no agreement can be reached then it goes to arbitration, where both parties will make a submission to the arbitrator who is a trained barrister or Judge who has extensive knowledge in contractual disputes, Laing would be pushing for loss of earnings, which they would undoubtedly win, that means they will be only entitled to what they made as a percentage of profits from their last full set of accounts, so let’s they there last set of accounts showed a net profit of 3% and the signed contract value for the Stadium build was 500 million, they would be entitled to a loss of earnings of 15 million and for any works completed.

I’ve covered most of what you have mentioned above.

Agreed a panic buy, but if he wasn’t and he had been a long time target of Dyche’s, then I wouldn’t like to see his panic buy’s if that’s what is educated buy’s are like.

The loan deals hadn’t been completely finalised hence MSP bailing us out for hundreds of millions and 777 giving us nearly 2 hundred million towards the stadium, and we still have a shortfall of some where between 1 and 200 million and need to borrow more to get it completed. When Usmanov was sanctioned and the position the stadium was in you could have renegotiated with Laing and come to an agreement on work completed, and costed costs that Laing can prove they’ve incurred, and if no agreement could be reached it would then go to arbitration to be settled. But we couldn’t have been forced to carry on, and the fraction of the cost to settle with Laing wouldn’t have seen somewhere near 1.1-1.2 billion in debt.

Not necessarily if they were all Portuguese and never had a clue who the ginger twat and his mates were, and they may have thought Gomes was a waiter if he tried to calm it down as well