We have a new stadium to build and a few years back our wages to turnover ratio was 95%
It was unsustainable, we became reliant on Moshiri injecting cash into the business each season.
We have a new stadium to build and a few years back our wages to turnover ratio was 95%
It was unsustainable, we became reliant on Moshiri injecting cash into the business each season.
m hart89 efc
Player Valuation: £1m
I genuinely wonder how close we are to administration? Surely that’s a very real possibility now?
If this happens you’d have to presume the 777 loan will be secured on BMD.
Absolutely it is.
barneygumble
Player Valuation: £60m
It comes down to the stadium.
I keep hearing people say “We shouldn’t have done the stadium”.
But hindsight is a marvellous thing. The whole funding was run by Usmanov really, he was going to sponsor the thing, he snook £30m into the accounts by signing a “first rights” to naming the stadium.
Who would have predicted Russia going to war and our backer being sanctioned? No one. The cruel twist of irony being, him being indicted meant no further money, but equally the cost of living crisis where our steel, gas, anything from the stadium probably would had been supplied by his own companies was forbidden.
Costs spiralled, we can’t keep up, and the coughers are dry.
Eggsyblueskin
Player Valuation: £40m
I wonder how soon Pickford will be cashed in ?
Next transfer window ?
Or summer ?
Next transfer window ?
Or summer ?
stretford blue
Player Valuation: £30m
I think if we had been relegated we might be in it now
efcfanwirral
Player Valuation: £25m
Sounds like this 777 loan was to stop that, for a few months at least. If this takeover doesn't go through for whatever reason, it'll happen the next day presumably.
So there's the options - that or 777
barneygumble
Player Valuation: £60m
That’s my worry.
The loans from these weren’t horrendous. Based off the Melbourne loans, I can foresee a situation where 777 own the stadium In the future.
Al saying 777 loan is for 10’s of millions.
If so we’ll need more debt for the stadium.
If so we’ll need more debt for the stadium.
Rollo Tomassi
Player Valuation: £15m
The whole sorry situation is just death by a thousand cuts.
efcfanwirral
Player Valuation: £25m
My guess is that this is the point of their "takeover", to own the stadium.
Ferguson1878
Player Valuation: £25m
seems like anything we do doesn’t make a difference , the stadium build is one thing but these loans for just the day to day running of the club that can’t carry on and i can’t see a way out of it like what’s costing so much that’s killing us is it interest on other loans leccy bills something doesn’t add up
