The NSNO Everton Forums

Bob Sacamano wrote: ↑Mon Dec 18, 2023 11:15 pm Jerry, all these big companies, they write off everything.

They might too, but wouldn't the investors/venture capitalists still need to be explained to?

£100m still isn't chump change.

Cods wrote: ↑Tue Dec 19, 2023 2:46 am They might too, but wouldn't the investors/venture capitalists still need to be explained to?

£100m still isn't chump change.

they do. And they're the ones writing it off.

Bob Sacamano wrote: ↑Tue Dec 19, 2023 7:17 am they do. And they're the ones writing it off.

Probably not with a smile though eh.

777’s purchase doesn’t go through and I’d imagine they’ll be suing the club. Rumours of massive cash flow issues throughout the 777 organisation so not a chance they’ll write off £100m.

Granite wrote: ↑Tue Dec 19, 2023 8:50 am 777’s purchase doesn’t go through and I’d imagine they’ll be suing the club. Rumours of massive cash flow issues throughout the 777 organisation so not a chance they’ll write off £100m.

Unsecured loans which they said on the radio mean they'd be right at the back of the queue with regards debters that need paying.

Granite wrote: ↑Tue Dec 19, 2023 8:50 am 777’s purchase doesn’t go through and I’d imagine they’ll be suing the club. Rumours of massive cash flow issues throughout the 777 organisation so not a chance they’ll write off £100m.

On what grounds could 777 sue Everton ?

Pumping £100m into a club that you don't yet own seems quite foolish to me. That's like redoing the kitchen on a house that to have yet to exchange on. It's unlikely 777 have done that.

No one knows what paperwork is in place and what kind of credit agreement or facility has been agreed on. It is very possible that 777 would become an investor and just finance the stadium separately.

Once the stadium has been built, the club can then look to refinance this via a long term corporate bond.

I thought it was pretty well established that they were cash-flow loans. Subject to approval of takeover. If they get the nod from the PL they will cash in the loan for equity, if it is not approved? Well, nobody has specifically said. But it stands to reason it just remains a loan and there's *some* repayment clauses in there?

superpull wrote: ↑Tue Dec 19, 2023 1:54 pm I thought it was pretty well established that they were cash-flow loans. Subject to approval of takeover. If they get the nod from the PL they will cash in the loan for equity, if it is not approved? Well, nobody has specifically said. But it stands to reason it just remains a loan and there's *some* repayment clauses in there?

Exactly this, and yes, if the deal doesn’t go through the £100mil or whatever it is by then is converted to an unsecured loan so they will be bottom of the list for repayment but no grounds for legal action against tge club.

Seems good!

I wonder how that fire compares to this frying pan.

Only everton could somehow get into bed with somebody 100 times worse than the previous regime.

Surprise , surprise, the offences are three cases of non payment of bills, for incoming transfers, social security payments and insurance premiums, this is bound to enhance the chances of them being deemed fit and proper by the PL, reckon this deal is dead in the water.

Fuuuuuuck