This. A thousand times this.
We wait decades to be free of the man and his influence and then it eventually transpires and we do what with it? Yes, that's right, exactly what good old Bill would have done.
Everton that.
I'm a bit nonplussed by all of this.
This is the master plan they've been working on since summer? Another 5 months (at best) of no discernable progress anywhere on the footballing side? Which players are Moyes and his ragtag coaching team going to improve? How does this take us towards a...
Delighted if this really does mark the end of Moshiri and a decisive break with old regimes.
However, I'd be lying if I said this lot didn't leave me feeling nervous. Not 777 nervous but still major questions around their genuine level of ambitions for us and what this means for Everton as a...
I really will give up if City get their way on this. Honestly, what will be the point? The game will be stripped of any lingering sense of romance or competition. It's on life support as it is.
It absolutely can but factor in another £200m of debt by next spring then even on a reasonably competitive corporate mortgage rate things are still going to be uncomfortable for us for a very long while.
Spurs got lucky with their timing given interest rates and created an asset with revenue...
This and the ever growing debt is basically why I'm doubtful anyone especially credible is likely to hove into view any time soon.
There is definitely a potentially profitable club lurking somewhere under the rubble, the problem is that potentially profitable club isn't likely to be...
Either way, it's a grim development.
Even if 777 fall through and this is the back up plan to tide us through until the stadium opens, it just leaves us with another corporate vulture feeding off our emaciated remains and makes eventual sale to someone credible even less likely
They definitely have no security over our assets or income streams but there has clearly been something preventing Moshiri from walking away up until this point.
Even allowing for a healthy dose of hubris and idiocy, I struggle to believe they (and now the administrators) have no levers to...
It's difficult to believe the loans made by 777 didn't come with some description of covenant requiring full repayment by Moshiri or any alternative buyer in the event the 777 deal collapsed and the club ended up in different hands.
Even if they didn't, I really can't see the 777 administrators...
Has been for months
If they do go under, which looks increasingly likely, everything gets somehow even more complicated for any mooted restructure at this end.
US administrators and civil courts are a law unto themselves. The £200m owed and any notional value within the contractual rights...
Fair play to him. That was a horrific set of circumstances to be managing us through and a fine achievement in the end.
Still don't want him to stay though, certainly not past the end of next season.
Neither we nor 777 are making a deal of this nature from a position of strength. We'll also be selling the minority interest to hard nosed investors rather than a tamed oligarch. So the value assigned really isn't going to make pretty viewing (relative to the debts incurred) given the known...