100 percent mate...having someone with his acumen in the boardroom would be priceless.
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….i remember reading an article before the development began. It was from a business Professor who happened to be a RS fan and he was suggesting the ground will be a major ‘cash-cow’ for Everton going forward and he wished his club were building it.
Moshiri had enough money and look how that turned out.
Just having someone of his ilk involved with the club can only be positive.
pfim
Player Valuation: £35m
- I have spent 5 hours on the hone today
Posted by neilw*
on May 20, 2024, 9:11 pm
With people closely involved in the EFC situation, one as a reporter/observer, one working to try to bring a consortium together and another working for a lender. I cannot break confidences but:
1. There is no seriously rich interested buyer and MSP seriously do NOT want to step in. No Qataris. No funded US buyer (just another chancer).
2. The only possible consortium right now is some Evertonian names well known to us (through involvement with MSP or wider public profile) but they are well short of being able to make a bid. Even if they can it will be at best a short-term bridging move as they try to restructure and find the elusive longer-term buyer
3. MSP (perhaps because they are American) do not yet fully understand the risks of relegation, UK liquidation etc. They might be getting there slowly but do not seem to understand or want to accept that their stadium security is worthless unless Everton is a going concern in the PL. They do not want to be the one to push us over the edge but do not seem to realise they could easily lose everything. If they ever do get there maybe option 2 will become viable with their support. IF!
4. R&MF have the strongest income security and will not consider taking a haircut on loans or reducing or deferring interest - unless and until the doom clock strikes 11.59.
This all means IMO there is no path forward until:
1. MSP recognise security on stadium is worthless unless Everton are a going concern; no club, no value; and
2. R&MF recognise much of their debt will never be repaid; both a US marine style haircut & lower interest rates are needed to stabilise long-term finances
Right now neither get/accept this analysis so this summer we will be selling players (multiple) to pay final stadium costs, cover operating costs and maybe trim the R&MF loan a touch. It will require miracles from Thelwell, Dyche et al to keep our heads above water. Kicking the can down the road.
Will we survive in PL? I have no idea but I am more worried tonight than I was last night and I was mildly terrified last night. Unlike eg TheEsk I do not think we would emerge from administration without liquidation sending us to AFCEverton at eg Tier 8-11.
Sorry to be the grinch but bad though the last two years have been we are nowhere near turning a corner, at least not in any positive way.
Nobody show @matty1878
Get off the Hone neilw.
1. Obvious
2. Obvious
3. Daft, of course they do. Maybe neilw and his mates don't understand valuation.
4. Obvious
1. Nonsense
2. Nonsense
Of course we will be selling players. Our DoF already told us that.
Any news of the crunch meeting Moshiri & the FAB yesterday ?
Has it even took place yet ?
Has it even took place yet ?
So you knew they met yesterday or they didn't?
Dunno...I was drunk , missed everything.
I have a little respect for Andy Bell.
If i had a pound for every time I've seen a Andy Bell Erasure joke,I'd have about 7 quid.
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we’re are our saviours? hurry
up
up
GoldenToffee
Player Valuation: £50m
I've heard he's a bit of A Bell.
anton66
Player Valuation: £50m
We can claim like spurs for depreciation on the stadium. Spurs got £70m so a massive chunk off their FFP.
Yeah but Spurs Stadium loans are nothing like ours.
Our loans arent depreciating, they are increasing hourly.
pfim
Player Valuation: £35m
They add 70 million in depreciation to their income statement, then remove it for the FFP calculation. It's not as if they get to add 70 million from nowhere.
Where......
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