777 Partners / Whatever the hell you like

[matty1878]

Can’t blame him? He’s caused this

not him alone and my point is

he wants out why would he pay to sack?

 

[MrGrumpy]

By all accounts the MSP loan has gone straight to LOR to pay them the money we owe and we need a further £200-£250m to finish it off.

It is only 'fully funded' if 777 take us over. How true that will turn out to be I don't know but without a takeover it appears both the stadium and the club are done for.

Except that not true, Everton pay in advance, so we don’t owe LOR anything, when they reach a set mile stone Everton pay the next 3 months

 

[nsno-chris]

remember when being a football fan used to involve just talking about footy on the pitch

 

[Goat]

Except that not true, Everton pay in advance, so we don’t owe LOR anything, when they reach a set mile stone Everton pay the next 3 months

So when is the next milestone?

 

[MrGrumpy]

Anyone worried should watch this

 

[MisterJ]

This is an important thing for people to remember, no matter what happens to the stadium in the various doomsday scenarios it only has serious value if there is a healthy Everton playing in it. Even if it goes completely belly up and in the hands of creditors, they can’t just invent a football team to play in it. It will always be in everyone’s interests to find solutions that keep Everton healthy.

Could we potentially lose a second stadium to "them"?

 

[MrGrumpy]

So when is the next milestone?

Don’t know just that what John Blaine said is how we are doing it

 

[Goat]

Don’t know just that what John Blaine said is how we are doing it

So it could have been yesterday then and then the 777 money WAS paid to LOR?

 

[matty1878]

Anyone worried should watch this

to worry more?

 

[matty1878]

remember when being a football fan used to involve just talking about footy on the pitch

everton don’t care about that. the past
8 years have shown it

 

[matty1878]

Anyone worried should watch this

we
can’t get run any tighter we’re on our ass

and if they don’t invest in the team we may as well just give them the club

 

[Goat]

to worry more?

Not sure what there is left to worry about at this point.

Its over.

We have reached critical mass.

 

[matty1878]

Not sure what there is left to worry about at this point.

Its over.

We have reached critical mass.

that we once had a club..

 

[AndyRJ]

Except that not true, Everton pay in advance, so we don’t owe LOR anything, when they reach a set mile stone Everton pay the next 3 months

How do you know that? I've never know a client to pay in advance on large scale construction projects. It is normally done on a monthly valuation in arrears, never in advance.

If we haven't paid all the MSP money to LoR then why have we just borrowed another £20m from 777 which has been quoted by the media as being for cashflow and stadium payments.

 

[pfim]

This isn't how investors think. They look at the stadium as a cost of sale e.g you need to host football matches and that comes at a cost of say £15m a year at Goodison with ticket income of £25m

They will only see the stadium as adding value if the increase in revenue is greater than the costs of running the venue. It isn't a house that can be sold to multiple buyers.

As it stands the stadium reduces the value of the club. The cost of paying interest on £500m (it will be more) is easily £50m in interest alone. The increase in revenue may only be £20m so we could see profit reduced by £30m over our current situation.

We already lose £50-100m for a bottom 5 level squad

Nation state sports washing is our only hope as they'll just wipe off the debt.

The stadium is not a cost of sale. It's an asset that generates revenues that has to return a certain amount to investors.