Preki
Player Valuation: £10m
Genoa are a big club. Lots of support. Also historical trophies.
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Yes and the 500 to Moshiri cos that becomes a 777 problem.
And i suspect the MSP has a clause that pushes repayment on 777 takeover
No, those are facts now.
As a result at the end of 2023 Everton have approximate borrowings of £200 million to Rights and Media Funding (at base rate plus 5% per annum), £140 million to MSP and their limited partners, £20 million to Metro Bank (Everton’s bankers) plus emergency funding of £100 million from 777 Partners – working capital provided monthly to meet the difference between income, operating costs and payments to the main stadium contractor Laing O’Rourke.
That’s £460 million outstanding with commercial rates of interest being charged.
In addition, there’s a further £150 million to be found to complete payments to Laing O’Rouke. Maintaining the payment schedule with Laing O’Rourke is critical. Defaulting on the existing contract is highly punative.
Adding Moshiri’s £500 million of shareholder loans, the outstanding payments to Laing O’Rourke and existing borrowings we have a total in excess of £1.1 billion.
everton - Find and update company information - GOV.UK
Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activityfind-and-update.company-information.service.gov.uk
All figures can be found here.
That’s absolutely god awful. Even if it’s £500m out it’s still £500m debt and climbing…,
Not automatically. Debt only gets converted to equity if the debtholder agrees. From what we've seen of 777 so far, its not likely to happen, and they'll stick a fat interest rate on it too.
Had him here when he was 16 and could have signed him for 1.6m but someone said he wasn’t big enough or good enough.
GoldenToffee
Player Valuation: £50m
Stretching there seeing as he's their second best striker this season from about 15 strikers they've got.
kenada_blue
Welcome to Barcelonaton FC
To be fair to Werner he came with a big reputation. He got himself into good positions but found himself hitting posts or keeper saving etc, a bit like Nunez. If he regains his confidence there is no reason he can’t become a 15/20 goal a season striker again.
Jamo Martinez
Player Valuation: £70m
Yeah, I think the parent club can recall a loaned player in the January window but only if they want him in the squad. Not to loan him to someone else.
It's like 777 already own the club .
HalfTimeSayers
Player Valuation: £25m
Won’t cost a fortune, but are we really in a position to buy a player and loan them out immediately? Its the right thing to do, but not at the expense of paying the leccy bill.
No idea why people are bothering with this in the current climate of the finances being in a total mess.
Sell to buy, that’s the only way forward. However the only sellable assets are vital to our survival.
Unless we offload it will surely be the same players going forward into the second half of the season.
Sell to buy, that’s the only way forward. However the only sellable assets are vital to our survival.
Unless we offload it will surely be the same players going forward into the second half of the season.
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