777 Partners / Whatever the hell you like

[maccavennie]

After you spend that £1 you are going to need a lot of money just to keep the club's head above water.

Just look at the last set of accounts and 92% of turnover is spend on wages. Interest payments for the RMF loan is 30 million per year without paying any of it.

Even without the fee's for finch farm and other bills of policing etc that takes us well over 100% of our turnover.

Throw in the interest payments for MSP and 777 and we are probably about 150% of turnover. Plus you have the remaining bill of the construction for the new stadium to build.

If someone bought the club for a quid they would probably have to do a cash injection straight away of 550 million to pay the debts off and in the region of 75 million to pay for the completion of the stadium.

Why would anyone be prepared to pay Moshiri any cash for a money pit???

Some potential buyers are waiting for administration so they can cut a deal with the administrator and get the club at a cheaper price. Unfortunately these people will be prepared to see the club go into administration then fork out 650 million straight away and pick it up for a fraction of the price.

Look, I've got the £1 so let me just get rhe club first and I'll deal with the rest this afternoon.

But I can confirm under my watch, we won't be going into administration (this afternoon or this weekend)

 

[ToffeeTim]

Why would the 9 points not be this season of we win on Saturday and Luton don't?

I dont know the time frames for when a deduction would still apply this year

I was just thinking it seemed unlikely to happen between now and the end if the season in 9 days.

 

[Exeter_Gently]

After you spend that £1 you are going to need a lot of money just to keep the club's head above water.

Just look at the last set of accounts and 92% of turnover is spend on wages. Interest payments for the RMF loan is 30 million per year without paying any of it.

Even without the fee's for finch farm and other bills of policing etc that takes us well over 100% of our turnover.

Throw in the interest payments for MSP and 777 and we are probably about 150% of turnover. Plus you have the remaining bill of the construction for the new stadium to build.

If someone bought the club for a quid they would probably have to do a cash injection straight away of 550 million to pay the debts off and in the region of 75 million to pay for the completion of the stadium.

Why would anyone be prepared to pay Moshiri any cash for a money pit???

Some potential buyers are waiting for administration so they can cut a deal with the administrator and get the club at a cheaper price. Unfortunately these people will be prepared to see the club go into administration then fork out 650 million straight away and pick it up for a fraction of the price.

I think he's only being tongue in cheek mate, Macca's overdraft deffo would stretch to those numbers you're taking about.

 

[maccavennie]

Aren't

I think he's only being tongue in cheek mate, Macca's overdraft deffo would stretch to those numbers you're taking about.

He seems to doubt my credentials mate. I think he's unaware that I own an Argos card and have credit on it.

 

[Moomin]

Look, I've got the £1 so let me just get rhe club first and I'll deal with the rest this afternoon.

But I can confirm under my watch, we won't be going into administration (this afternoon or this weekend)

I'm bidding £1.25 now and a curly wurly.

 

[maccavennie]

I'm bidding £1.25 now and a curly wurly.

I've got £5.67 in my wallet and I'm willing to go all in. I ain't got a Curly Wurly but I've got a 4 pack of Boosts.

 

[Lob]

I know i must sound like a broken record but anyone who thinks that going into administration is an option is a complete and utter tosser to be blunt. Forget about the 9 point deduction because it wouldn't even be the worst factor. How many business do you know that successfully come out of administration? I don't know any. 90% of them fail and some of them are in administration for several years before failing.

There is nothing worse for us than administration, It would be the end of Everton football club.

 

[Moomin]

I've got £5.67 in my wallet and I'm willing to go all in. I ain't got a Curly Wurly but I've got a 4 pack of Boosts.

I'm bringing in my business partner from Deloitte to back my bid up.

@Bungle do we have that Asian cash in the bank yet.

 

[Ring master]

Why would the 9 points not be this season of we win on Saturday and Luton don't?

We are past a cut off point, so anything like that, not that i think it will happen at all, would be next season

 

[maccavennie]

I'm bringing in my business partner from Deloitte to back my bid up.

@Bungle do we have that Asian cash in the bank yet.

Well if your bringing business partners in I'll bring my 2 which are @chriskamara and @juleshudson from cashintheattic.newscorp

 

[Moomin]

I know i must sound like a broken record but anyone who thinks that going into administration is an option is a complete and utter tosser to be blunt. Forget about the 9 point deduction because it wouldn't even be the worst factor. How many business do you know that successfully come out of administration? I don't know any. 90% of them fail and some of them are in administration for several years before failing.

There is nothing worse for us than administration, It would be the end of Everton football club.

How will we pay our bills at the end of the month if 777 are not providing them anymore and Moshiri won't pay the bills?

This is the endgame we are in now.

 

[blulouie]

The directors can put us into administration and any creditor with a qualifying floating charge can also put us into administration.

Haha what directors ?

Moshiri is in charge of everything money wise , so he & only he can decide that no matter floating charges are mooted .
If he doesn't want that to happen he has the resources to not let it happen.

 

[Lob]

How will we pay our bills at the end of the month if 777 are not providing them anymore and Moshiri won't pay the bills?

This is the endgame we are in now.

Exactly mate. Terrifying times these tbh.

 

[Ring master]

How will we pay our bills at the end of the month if 777 are not providing them anymore and Moshiri won't pay the bills?

This is the endgame we are in now.

I thought it's been said, that if 777 didnt pay, that Moshiri would then restart paying stuff, till a buyer was found

 

[Exeter_Gently]

No one has actually said if the 777 deal is dead.

As far as am concerned they are taking over until I hear otherwise.