End of Moshiri - Friedkin, APPROVAL AGREED

[777Kidnappings]

I'd imagine their first offer and what others are willing to pay is 100s of millions apart. Of course he wants to continue to negotiate. What's been said above though stands.... they haven't got a pot to piss in so it won't make a blind bit of difference.

The value of the club will keep dropping while he pisses about though. He'll end up with zero the way he's going. Think if he could have his time again he'd have just accepted the other offer that was less but real money

[brap2]

Same as every other time, fuck all changes from one day to the next

[Evertonian in NC]

I'm willing to put in 20 Ameri-quid towards an NSNO consortium. A little more debt won't bother me any, I will just ignore it. Let's do this!

[Toddacelli]

I'm willing to put in 20 Ameri-quid towards an NSNO consortium. A little more debt won't bother me any, I will just ignore it. Let's do this!

We’d need some deep pocketed Blues. Who we got? McCartney, Stallone and that one off Pop Idol - Amanda thingy?

[StirlingBlue]

We’d need some deep pocketed Blues. Who we got? McCartney, Stallone and that one off Pop Idol - Amanda thingy?

Add in Billy-Jo Armstrong, Judy Dench and apparently Aaron Sorkin - could just picture them walking towards the boardroom having a power conversation like a Sorkin shot

[AjaxAndy]

Don't forget Tommy Fleetwood, he's a blue and got a few bob.

[sam of the south]

Don't forget Tommy Fleetwood, he's a blue and got a few bob.

£20m, apparently.

That would barely keep the lights on.

[Escalator]

£20m, apparently.

That would barely keep the lights on.

That wouldn’t have even paid Gomes and Ali and Minas wages last year.

[Cereal Killer]

That wouldn’t have even paid Gomes and Ali and Minas wages last year.

Reckon he’d have been fine covering Mina’s wages last year

[eyesalwaysblue]

Surely any new owner would take the bills over on completion of a deal.
I think we've entered the strange deal of prospective, not very appealing owners, paying bills because it was the only situation open to us. We even extended the agreement.

Just read if we go into admin a buyer would have no responsibility for 777 debts or to suppliers, employees etc, would make it cheaper to buy but would come with sanctions from the PL if that happened, so good and bad as usual.

[Gary1878]

All of the commentary I have heard on us from the media (Winter, Maguire, Jordan etc) have all been positive on us being sold to a proper buyer without administration. I still don't see how this won't be the case.

As always, it gets left to the last minute to extract maximum value for the buyer. Moshiri is in a desperately weak position now and I would expect some sort of consortium to buy us out from here.

I think it will be a third party like Textor to buy out Moshiri, which would be alongside Bell and Downing converting their debt into equity.

That would leave loans from MSP and 777, but could be refinanced by Textor and Bell/Downing to bring the cost of finance right down.

It's literally all about the price that Moshiri wants for Everton and thereafter, the interest costs. The sooner Moshiri realises that he is in a massive hole, the quicker a deal will get done. And the quicker we can start refinancing and converting some of the debt and get the club on a much better footing.

[Free Agent]

The problem for Mosh is he’s never had to do real business. It was always just cooking the books or operating a large currency laundromat. Now he’s having to think about P&L’s, balance sheets and cash flows he can’t cope.

[777Kidnappings]

The problem for Mosh is he’s never had to do real business. It was always just cooking the books or operating a large currency laundromat. Now he’s having to think about P&L’s, balance sheets and cash flows he can’t cope.

The bigger problem hasn't been the overspending. It's the fact that we've bought absolute shite on overinflated wages. It's a value for money problem. The football decisions rather than the business decisions are what have created this mess

[eyesalwaysblue]

The bigger problem hasn't been the overspending. It's the fact that we've bought absolute shite on overinflated wages. It's a value for money problem. The football decisions rather than the business decisions are what have created this mess

Yep, started with the dreadful Koeman, madness in the market caused the worst of our future trouble.

[Granite]

As for administration, the proof will be in the pudding when it comes to Mosh finding cash for the this month’s supposed £20m running cost payment.