Farhad Moshiri

[hibbo'sclass]

I have know idea on these things but would interest rates come into it?

Sorry mate, being thick here but don't understand the question. I only deal with long drawn out crap like my posts!!!

 

[bring the ghost on]

I did a post yesterday that went down the route of "If FM has put in the rumoured 65m, and if the Pru loan were paid off there would be 40m left after early repayment penalties. The last RMF loan was allegedly paid off May/Jun by the final tranche of Prem money, so given the transfer dealings and the probability that (at worst) the staged payments both ways cancel each other out, there should be 40m left". Now that is [Poor language removed] packet accountancy, so there have been running costs of the club over the summer, but it still leads to the conclusion that the club should be substantially ahead of where it was at this point last year so shouldn't need the facility.
Before anyone pulls me on it, I did forget paying off Martinez and compo for RK et al - say 20mil, but it doesn't invalidate the point.
With regard to the stadium and the requirement for funding, I have no doubt that it will be at least partially funded by debt with (hopefully) a rights issue, so yes, debt will be taken on, but why have a football equivalent of a payday loan as part of your funding strategy?
Just sayin...

Agree with all of this.

However let's say the Sissoko deal went through, or some other transfers came off, factoring in transfer fees and wages, the type of working capital injection we're talking about doesn't go a very long way.

You're probably right that the RMF facility is not a viable facility for funding the stadium, but could be intended to be more of a general working capital facility to draw from, which will be immediately repaid from the premier league monies in?

 

[pornpimol2]

Sorry mate, being thick here but don't understand the question. I only deal with long drawn out crap like my posts!!!

Maybe the loan option is at a fixed very low rate that we can borrow against for a set amount of time, knowing soon we need more money?

 

[hibbo'sclass]

Missed this convo, i took a much needed break from all things everton for a few days!

To be fair, if we all did the same the world would be a happier place.
Just bought the AR, never seen one for a 2006 company and @The Esk is correct - doesn't show charges or anything (1931 Act companies do) so I apologise.

 

[bring the ghost on]

A good owner comes in and just gets players in and does the infrastructural improvements. All behind closed doors, all kept quiet until they happen.

But weren't you complaining that he didn't make all of his plans public and known to the supporters a few weeks ago?

 

[hibbo'sclass]

Maybe the loan option is at a fixed very low rate that we can borrow against for a set amount of time, knowing soon we need more money?

The rate of interest isn't extortionate from RMF, but I have my suspicions about a set up fee/redemption fee which is not reflected in the interest rate. But I'm a miserable sod.

 

[pornpimol2]

The rate of interest isn't extortionate from RMF, but I have my suspicions about a set up fee/redemption fee which is not reflected in the interest rate. But I'm a miserable sod.

ok thanks

 

[BlueToff]

Couple that with a complete lack of denial from the club and I'd say it is fairly definitive.

It's not solid though. Awful from the club either way

 

[BlueToff]

Come on, you know that means it's been confirmed but no one wants to put their name to it.

They could easily attribute some quotes though. It's just poor from all involved really

 

[hibbo'sclass]

Agree with all of this.

However let's say the Sissoko deal went through, or some other transfers came off, factoring in transfer fees and wages, the type of working capital injection we're talking about doesn't go a very long way.

You're probably right that the RMF facility is not a viable facility for funding the stadium, but could be intended to be more of a general working capital facility to draw from, which will be immediately repaid from the premier league monies in?

I'm just struggling to see why the loan is necessary, but I suppose given the date of the charge it is possible that the facility was put in place to cover signings - thing is I don't think there's any point in early repayment as I imagine that its a case of we loan you x today, you repay y next z. Pretty sure that's how the precursors to this loan worked - I'm thinking Vibrac and Reading FC.

 

[Foot Long Hot Dog]

ain't got a game until a week Monday mate so even more of a wait!

Shame there isn't a game on today

Arse. I was thinking we had Boro next Saturday ffs. I'm even more depressed now.

 

[jceverton]

'Watch this space' texts with that White abomination regarding incoming; photo ops with Anderson over a stadium scheme that's miles off.

A good owner comes in and just gets players in and does the infrastructural improvements. All behind closed doors, all kept quiet until they happen.

Let's face it at the minute I can't see any real difference this summer. If we were watching and didn't know anything about the change in ownership we'd just be thinking Kenwright was still in charge. Let's see what happens with the stadium, that will tell us a lot.

 

[hibbo'sclass]

Arse. I was thinking we had Boro next Saturday ffs. I'm even more depressed now.

Think of us poor sods heading up to Sunderland on a Monday night - even more depressing.

 

[maccavennie]

Arse. I was thinking we had Boro next Saturday ffs. I'm even more depressed now.

sorry mate! if it's any consolation I think we will win 3-1 against Sunderland so should be worth the wait all being well

 

[Foot Long Hot Dog]

Think of us poor sods heading up to Sunderland on a Monday night - even more depressing.

Indeed mate. Could be worse though, it could be January