Formby Posted August 24, 2023 Report Share Posted August 24, 2023 15 hours ago, dunlopp9987 said: I mean can ya blame them? I genuinely think this is the season we go down. You could well be right. The fans don't deserve it; the board do. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 24, 2023 Report Share Posted August 24, 2023 Good old bill eh….. mr Everton. Had us in handcuffs all this time with his dodgy mates. 12% interest rate…. Absolutely scandalous. Club has been fleeced. Quote Link to comment Share on other sites More sharing options...
Matt Posted August 24, 2023 Report Share Posted August 24, 2023 11 minutes ago, Hafnia said: Good old bill eh….. mr Everton. Had us in handcuffs all this time with his dodgy mates. 12% interest rate…. Absolutely scandalous. Club has been fleeced. Ok, I'll bite... What 12% interest? Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 24, 2023 Report Share Posted August 24, 2023 2 minutes ago, Matt said: Ok, I'll bite... What 12% interest? https://x.com/toffeedoug/status/1694430292784681195?s=46&t=mg59m5Gl3hiDq1wnQUDV4w https://x.com/bernieo63/status/1694645066222989587?s=46&t=mg59m5Gl3hiDq1wnQUDV4w 12%…… £24m per year. No doubt compound too. Matt 1 Quote Link to comment Share on other sites More sharing options...
Matt Posted August 24, 2023 Report Share Posted August 24, 2023 4 minutes ago, Hafnia said: https://x.com/toffeedoug/status/1694430292784681195?s=46&t=mg59m5Gl3hiDq1wnQUDV4w https://x.com/bernieo63/status/1694645066222989587?s=46&t=mg59m5Gl3hiDq1wnQUDV4w 12%…… £24m per year. No doubt compound too. Ok... I'd be interested too see how that develops. If Bill has set that up before Moshiri arrived, then its even worse from the owners point of view. I thought he'd bought all the debts when he arrived though? Quote Link to comment Share on other sites More sharing options...
RuffRob Posted August 24, 2023 Report Share Posted August 24, 2023 18 minutes ago, Hafnia said: Good old bill eh….. mr Everton. Had us in handcuffs all this time with his dodgy mates. 12% interest rate…. Absolutely scandalous. Club has been fleeced. 12% does seem very high considering we have just come through a decade of unbelieably low interest rates. If I'd have know the club where willing to hand out 12% interest, I'd have borrowed them a few quid (but not the whole £200M). I imaging any Evertonian with a few savings would have bought in to the right investment vehicle had something been set up for the fans. But they would rather the fans not have any say - and let big corporations make the profits. My company offers investment opertnities all the time when they buy properties for different elements of the business. Its not rocket science. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 24, 2023 Report Share Posted August 24, 2023 46 minutes ago, RuffRob said: 12% does seem very high considering we have just come through a decade of unbelieably low interest rates. If I'd have know the club where willing to hand out 12% interest, I'd have borrowed them a few quid (but not the whole £200M). I imaging any Evertonian with a few savings would have bought in to the right investment vehicle had something been set up for the fans. But they would rather the fans not have any say - and let big corporations make the profits. My company offers investment opertnities all the time when they buy properties for different elements of the business. Its not rocket science. If you read below the comments, it appears kenwright had been offered loans at a preferential rate…. I wonder why he chose to go with the people he went with? very similar to the Vibrac loan isn’t it…. The Phillip Green vehicle. he has destroyed our club. Quote Link to comment Share on other sites More sharing options...
Matt Posted August 24, 2023 Report Share Posted August 24, 2023 Again, I cant stand him as a pundit, because he knows nothing about the game. But the business side of football, he's quite good at. Still in the meeting so not watched it yet. lacedupshoes 1 Quote Link to comment Share on other sites More sharing options...
Palfy Posted August 24, 2023 Report Share Posted August 24, 2023 58 minutes ago, Matt said: Again, I cant stand him as a pundit, because he knows nothing about the game. But the business side of football, he's quite good at. Still in the meeting so not watched it yet. Met him outside Sinatras in Puerto Banus the season we bought Andy Johnson from him, he was on his own had a couple beers with him quite a decent bloke when he isn’t working, up for a laugh and a bit of banter. KinL 1 Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted August 24, 2023 Report Share Posted August 24, 2023 Quote Link to comment Share on other sites More sharing options...
Goodison Glory Posted August 24, 2023 Report Share Posted August 24, 2023 Here is an overview of our debt on the balance sheet as per last year accounts ---------- "Aside from shareholder loans, Everton have a £150 million 5 year facility with Rights and Media Funding which appears fully utilised. In addition a £30 million CLBILS facility with the club’s bankers Metro Bank which stood at £26.25 million on June 30 2022. In total, external debt stood at £174.1 million (2020/21 £128.3 million) an increase in borrowings of £45.8 million Interest costs rose in 2021/22 reflecting the increase in external debt and rising interest rates. Interest costs on external debt rose to £10.4 million in 2021/22 (2020/21 – £9 million). Financing contributed a net £268 million (2020/21 -£166.2 million) arising from an additional loan from Rights and Media funding of £50 million, £229.3 million in shareholder loans from Bluesky Capital (Moshri's company) and the repayment of the repayment in part of the Metro Bank loan £3.75 million and interest payments of £7.5 million (2020/21 – £4.8 million). --------- So net-net, we are taking on additional non shareholder debt to finance not only the stadium but ongoing operations and our interest payments are going up due to more debt but also rising interest rates. I mentioned a while ago that Gordon was sold because of cash flow issues not just FFP....we needed money to pay for the stadium. Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted August 24, 2023 Report Share Posted August 24, 2023 Apparently the deal with 777 will be announced soon. Things are about to get even worse, aren't they? Quote Link to comment Share on other sites More sharing options...
Palfy Posted August 24, 2023 Report Share Posted August 24, 2023 5 minutes ago, Romey 1878 said: Apparently the deal with 777 will be announced soon. Things are about to get even worse, aren't they? They will get worse without their money and not much better with it, we desperately need the money to improve the team, and more importantly we need the money to finish the stadium, the stadium could be our get out of jail card, if the stadium is kept within the club then we become more of a going concern that the big investors and buyers would be interested in, sell the stadium independently so we have to rent then as a team we are fucked. KinL 1 Quote Link to comment Share on other sites More sharing options...
patto Posted August 24, 2023 Report Share Posted August 24, 2023 According to a guy on radio Merseyside or city I only caught a bit of it he said we’ve got no money for transfers and we are 200m in debt and whoever we’re in debt to decide who we can take investments from they blocked MSP. Quote Link to comment Share on other sites More sharing options...
Zoo 2.0 Posted August 24, 2023 Report Share Posted August 24, 2023 18 minutes ago, Romey 1878 said: Apparently the deal with 777 will be announced soon. Things are about to get even worse, aren't they? Ironic as 777 is the points deduction we'll likely be facing. Matt, plaidharper and Wall Writer 3 Quote Link to comment Share on other sites More sharing options...
Matt Posted August 24, 2023 Report Share Posted August 24, 2023 11 minutes ago, patto said: According to a guy on radio Merseyside or city I only caught a bit of it he said we’ve got no money for transfers and we are 200m in debt and whoever we’re in debt to decide who we can take investments from they blocked MSP. The Simon Jordan video explains the situation really well Wall Writer, Gwlad, Bailey and 1 other 3 1 Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted August 24, 2023 Report Share Posted August 24, 2023 6 minutes ago, Zoo 2.0 said: Ironic as 777 is the points deduction we'll likely be facing. I’d like to think the PL will block 777 but seeing as they’ve allowed murderers to own the barcodes that’s not very likely. Wiggytop 1 Quote Link to comment Share on other sites More sharing options...
patto Posted August 24, 2023 Report Share Posted August 24, 2023 8 minutes ago, Matt said: The Simon Jordan video explains the situation really well I must admit I like Simon Jordon think yrs very good I'll catch that later. Matt and KinL 2 Quote Link to comment Share on other sites More sharing options...
badaids Posted August 24, 2023 Report Share Posted August 24, 2023 The name 777 doesn’t sound sketchy as fuck at all does it. I’d rather have 666. Matt 1 Quote Link to comment Share on other sites More sharing options...
Newty82 Posted August 24, 2023 Report Share Posted August 24, 2023 1 hour ago, Palfy said: They will get worse without their money and not much better with it, we desperately need the money to improve the team, and more importantly we need the money to finish the stadium, the stadium could be our get out of jail card, if the stadium is kept within the club then we become more of a going concern that the big investors and buyers would be interested in, sell the stadium independently so we have to rent then as a team we are fucked. My big concern is that the stadium is already set up as a different company. I have a horrible feeling, going back last year, that we won't own that stadium, that we'll end up being locked into some shoddy rent agreement. This feeling amplified when it was said the othe day that MSP won't invest in the club, but is still investing in the company set up to build the stadium. To me that means they'll have their fingers in the stadium pie but not the club. The whole set up at this club smells worse every week. Quote Link to comment Share on other sites More sharing options...
StevO Posted August 24, 2023 Report Share Posted August 24, 2023 3 hours ago, Romey 1878 said: Apparently the deal with 777 will be announced soon. Things are about to get even worse, aren't they? Swapping an oil dealer for a drug dealer. Never a dull moment. Romey 1878 1 Quote Link to comment Share on other sites More sharing options...
StevO Posted August 24, 2023 Report Share Posted August 24, 2023 I get the concern about potentially not owning the stadium. My biggest worry is the options being not owning the stadium and the club survives, or the club owns the stadium while going out of business. With these idiots in charge anything could happen. Bill could have his statue outside of a stadium we go bust in. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 24, 2023 Report Share Posted August 24, 2023 6 hours ago, Palfy said: Met him outside Sinatras in Puerto Banus the season we bought Andy Johnson from him, he was on his own had a couple beers with him quite a decent bloke when he isn’t working, up for a laugh and a bit of banter. I seen him in banus in 2006, I went and spoke to sherringham who was there Quote Link to comment Share on other sites More sharing options...
StevO Posted August 25, 2023 Report Share Posted August 25, 2023 15 hours ago, Palfy said: Met him outside Sinatras in Puerto Banus the season we bought Andy Johnson from him, he was on his own had a couple beers with him quite a decent bloke when he isn’t working, up for a laugh and a bit of banter. 8 hours ago, Hafnia said: I seen him in banus in 2006, I went and spoke to sherringham who was there whats wrong with you people? Bothering strangers on holiday. KinL, Palfy and Matt 3 Quote Link to comment Share on other sites More sharing options...
Newty82 Posted August 25, 2023 Report Share Posted August 25, 2023 That is actually a nice simple explanation from Simon Jordan. However, I think he's a bit of a snake too, so from his business dealings point of view, it may not be too bad. From the man on the streets view, its still a horrible tangle of robbing Peter to pay Paul. Quote Link to comment Share on other sites More sharing options...
Newty82 Posted August 25, 2023 Report Share Posted August 25, 2023 Not listened to this yet, will do later... https://theresultsbusiness.substack.com/p/episode-4-the-latest-on-investment#details Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 25, 2023 Report Share Posted August 25, 2023 1 hour ago, StevO said: whats wrong with you people? Bothering strangers on holiday. Both of them were there basically dressed to shag. Fair play Matt and StevO 2 Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 25, 2023 Report Share Posted August 25, 2023 Still get the few fans who paint blue bill out to be the fella many thought he was 10 years ago. he’s always been this person, a greedy narcissist with an ego that’s out of control. Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted August 25, 2023 Report Share Posted August 25, 2023 There's word that Billy Bullshit is in hospital at the moment. Like clockwork. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 25, 2023 Report Share Posted August 25, 2023 1 hour ago, Romey 1878 said: There's word that Billy Bullshit is in hospital at the moment. Like clockwork. Someone had mentioned that if he had pulled the stuff he had done at an Italian club there is no way he would have survived this long without fans taking extreme measures. that’s why the whole headlock thing was farcical. whatever his motivation, he’s proper done a number on this club. I don’t like hearing about people in illhealth, the thing is we don’t know if it’s true…. That’s the legacy he’s created KinL and Romey 1878 2 Quote Link to comment Share on other sites More sharing options...
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