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davieG

Premier League 24/25 Pre-season guff (misc talking points)

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2 hours ago, moore_94 said:

That is a side that finishes bottom

 

 

*that is a side that finishes 19th as Everton were put into administration and finished bottom

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53 minutes ago, StanSP said:

Everton's takeover off. Friedkin group have pulled out. 

Moshiri and 777 have well and truly fuched them
Have to feel for their fans tbh

Edited by lfu
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49 minutes ago, Miquel The Work Geordie said:

 

Ah yeah, because the odd club gets taken over by charlatans we should blindly accept shortcomings of our own ownership, got it!

Seems more common than not that the 'odd' club gets taken over by charlatans.

 

We don't have to accept the owners but maybe accept that a provincial mediocre club like Leicester City isn't going to be a a shining beacon for international investment, it just isnt.

 

Without KP we would have achieved very little, without them in future we will achieve very little. Thats fine if you are happy to be some Championship beacon of mediocracy, but dont expect more or complain about it if we get it. 

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I see Enzo Fernandes now has a driving conviction to go with his racism. What an absolute todger he is.

Good luck Enzo, you'll need it with that rabble. :whistle:

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3 hours ago, Super_horns said:

Sounds like Everton are back  to square one then

It’s worse then that now as they owe yet another company money, they already owe £200 million to 777/A-Cap, £200 million to Rights and Media funding and now borrowed £200 million from the Friedkin group to pay off another debt of £158 million to a group of investors and to pay Laing O’Rourke latest bill for the new stadium 

 

so they currently owe £600 million to those 3 companies, the new stadium is being used as collateral and they owe £450 million in shareholder loans to Farhad Moshiri 

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3 hours ago, Foxin_Mad said:

This is why some of our fans need to be careful what they wish for. KP aint perfect but they aint total crooks! 

 

Kind proves there isn't a massive number of rich folk out their willing to buy premier league clubs like some believe either!

Keep licking that KP boot.

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2 hours ago, Foxin_Mad said:

Seems more common than not that the 'odd' club gets taken over by charlatans.

 

We don't have to accept the owners but maybe accept that a provincial mediocre club like Leicester City isn't going to be a a shining beacon for international investment, it just isnt.

 

Without KP we would have achieved very little, without them in future we will achieve very little. Thats fine if you are happy to be some Championship beacon of mediocracy, but dont expect more or complain about it if we get it. 

We could well be heading that way under this ownership. We will achieve little in the future because this regime will take us there. A few years ago we were in a stronger position to attract interest and investment. King Power shouldn't be the be all and end all.

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An Athletic article today argued that Everton may be unsaleable.  The club’s debts exceed its value, and interest is accumulating at over ₤1 million per week.  Yet the business being worth less than zero is the good news.  Moshiri’s dalliance with 777 has left even stickier wickets.

 

The £200M the club owes 777 was itself lent by parties who have competing claims.  777 secured the loans against assets it did not own, sometimes multiple times.  Thus they are in criminal court.

 

Any buyer of EFC faces a legal nightmare to determine who actually holds their IOUs.  And who knows how many lawsuits if they pay back the “wrong” party.

 

Given the likelihood of fraud charges against 777 being made to stick, “any self-respecting corporate lawyer would have to warn a client looking at Everton that there may be a potential Proceeds of Crime Act (POCA) issue down the line.”

 

Even if your intention was to sacrifice lots of money in the short run in the hopes of saving the club: would you walk into that?

 

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1 hour ago, KingsX said:

An Athletic article today argued that Everton may be unsaleable.  The club’s debts exceed its value, and interest is accumulating at over ₤1 million per week.  Yet the business being worth less than zero is the good news.  Moshiri’s dalliance with 777 has left even stickier wickets.

 

The £200M the club owes 777 was itself lent by parties who have competing claims.  777 secured the loans against assets it did not own, sometimes multiple times.  Thus they are in criminal court.

 

Any buyer of EFC faces a legal nightmare to determine who actually holds their IOUs.  And who knows how many lawsuits if they pay back the “wrong” party.

 

Given the likelihood of fraud charges against 777 being made to stick, “any self-respecting corporate lawyer would have to warn a client looking at Everton that there may be a potential Proceeds of Crime Act (POCA) issue down the line.”

 

Even if your intention was to sacrifice lots of money in the short run in the hopes of saving the club: would you walk into that?

 

Yeah I thought that would be the case. Their most recent bidders are more than legitimate but their debt scenario is tragic 

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2 hours ago, KingsX said:

An Athletic article today argued that Everton may be unsaleable.  The club’s debts exceed its value, and interest is accumulating at over ₤1 million per week.  Yet the business being worth less than zero is the good news.  Moshiri’s dalliance with 777 has left even stickier wickets.

 

The £200M the club owes 777 was itself lent by parties who have competing claims.  777 secured the loans against assets it did not own, sometimes multiple times.  Thus they are in criminal court.

 

Any buyer of EFC faces a legal nightmare to determine who actually holds their IOUs.  And who knows how many lawsuits if they pay back the “wrong” party.

 

Given the likelihood of fraud charges against 777 being made to stick, “any self-respecting corporate lawyer would have to warn a client looking at Everton that there may be a potential Proceeds of Crime Act (POCA) issue down the line.”

 

Even if your intention was to sacrifice lots of money in the short run in the hopes of saving the club: would you walk into that?

 

Depends if you have a few hundred million to gamble on losing  

some of the national wealth funds out there wouldn’t care too much 

 

wouldn’t be surprised to see the stadium pulled from the euro 28 list though  - the FA and uefa can’t be sure that in four years time there wouldn’t be an ongoing legal wrangle about ownership. they don’t need to be involved in stuff like that - if United are doing remedial work on OT ahead of 2028 then possible it’s pushed in as a replacement.  

 

 

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4 hours ago, KingsX said:

An Athletic article today argued that Everton may be unsaleable.  The club’s debts exceed its value, and interest is accumulating at over ₤1 million per week.  Yet the business being worth less than zero is the good news.  Moshiri’s dalliance with 777 has left even stickier wickets.

 

The £200M the club owes 777 was itself lent by parties who have competing claims.  777 secured the loans against assets it did not own, sometimes multiple times.  Thus they are in criminal court.

 

Any buyer of EFC faces a legal nightmare to determine who actually holds their IOUs.  And who knows how many lawsuits if they pay back the “wrong” party.

 

Given the likelihood of fraud charges against 777 being made to stick, “any self-respecting corporate lawyer would have to warn a client looking at Everton that there may be a potential Proceeds of Crime Act (POCA) issue down the line.”

 

Even if your intention was to sacrifice lots of money in the short run in the hopes of saving the club: would you walk into that?

 

That's mad. And shameful on Everton's behalf. Wonder if the PL will step in?

 

What ramifications are there if the club continues to haemorrhage further into debt like that? Points deductions? Admin? 

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2 minutes ago, Dandy king said:

Is there a pre season game today v villa real ? Or have I got confused ? Anyone know any details , whether you can follow it etc. Cheers 

I noticed it's not mentioned on their website at all - (the pre-season starts with Shrewsbury, there) - so that can't be a good sign...

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