Transfers & Equity for debt buyouts

[RFUS]

Very weird analogy indeed. And a bit more serious.

It's a sore subject for me mate. Mouth sore.

 

[Phenom]

ITS ON!!!

 

[BlackToffee]

Its not true, but if a non creditor brought debt for shares, that would be great for so may reasons. If it was a creditor (a bank which wanted its money back), that would spell the start of the yellow brick road for the Board.

But its all BS, so I wish people would stop and think before posting these things, its now getting annoying.

We're not drowning, we don't need to hold onto straws.

 

[Tubey]

It may be nonsense, but it would be the first step and probably the only foreseeable way Everton can attract a form of investment and weaken Bills stranglehold at the top.

However, it would be waving a giant white flag like.

 

[Neiler]

From Wikipedia...

Debt-for-equity swapIn a debt-for-equity swap, a company's creditors generally agree to cancel some or all of the debt in exchange for equity in the company.

Debt for equity deals often occur when large companies run into serious financial trouble, and often result in these companies being taken over by their principal creditors. This is because both the debt and the remaining assets in these companies are so large that there is no advantage for the creditors to drive the company into bankruptcy. Instead the creditors prefer to take control of the business as a going concern. As a consequence, the original shareholders' stake in the company is generally significantly diluted in these deals and may be entirely eliminated.

There are penalites for paying back our debt mate.

 

[davek]

This would be Investec wouldn't it?

Debt for equity? How would that work? The club has a finite amount of shares. Does this mean the club would makes more shares available and water down the value of existing shares? Doesn't sound likely to me. Unless the finance houses (and there are many Everton are involved with) are all coming for their money at the same time I'd have said this shower of shite masquerading as a board of directors could ride things out.

 

[LTblue]

It's not true though is it, so merely discussing this matter is near completely pointless.

 

[somuchfun]

Ace, just realised this originated from football-rumours.co.uk <3

 

[chicoazul]

BOARD THREAD FFS.

 

[BlackToffee]

BOARD THREAD FFS.

Keep up the good fight you secret mod you. And go easy on those rioters on that there twitter thing you do.

 

[chicoazul]

Keep up the good fight you secret mod you. And go easy on those rioters on that there twitter thing you do.

Hahahaha. If I was Police you best be on your toes lid.

 

[TippEverton]

This thread just started when i headed off for a match tonight , thought wed have made couple of marquee signings by the time i got home , sickened .

 

[It's_Just_Not_Cricket]

Who is this Steve Biggert. Why are his internet ramblings any more believable than say Matt Damon for instance ?

I haave found another reference to Steve biggert just read this link ...he sounds a bell whiff: http://www.evertonrumours.co.uk/everton-rumours/evertonrumours1015.php