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16 Jun 2024 15:51:27
I know it’s good news we have a buyer, however people getting a little ahead of themselves.
The £540m is to buy Moshiri off £400m, the remaining money is for MSP, this leaving us still with massive interest payments on debts.
Yes we will likely restructure some debt, get some money in for sponsorship, but we still need to sell Branthwaite, Onana and get shut of other deadwood if we are to not have to worry about more points deductions next season.
I agree there’s some positivity but we’re not out of the woods yet.
1.) 16 Jun 2024 17:36:32
There is no scenario where the next owner comes in a "gets rid of the debt". We have just built a stadium that has cost over £750m. On top of that the short term loans we have been getting will have large interest rates attached to them.
So what we can expect is the new owner comes in and puts the debt we have over a long period of time at much lower rates that means we get the most out of the increased revenue from the stadium, sponsorship and future TV revenues.
Dan has done a really good job from when he came into Roma who were similar to us with debt and their own FFP issues, by all accounts (only what I've read and heard) . Again fans probably won't like him that much because they want someone to come in and spend £500m on 7 left wingers and 3 No10's and he tends to prefer player trading to raise funds (which is the norm for almost every club) . He ain't no Boehly.
Our goal should 100% be about Everton becoming self sustaining and not have to rely on outside help. It will take time but this new stadium and additional revenue streams when we are in there will have a huge impact which is already starting by our new kit deal.
It's going to be interesting to see how things develop but we all need to be patient and not expect things to change that much over the next 2 to 3 years. It will be tight and a lot of wheeling and dealing but hopefully without the issues of PSR.
2.) 16 Jun 2024 18:27:42
Don’t think anyone is getting ahead of themselves, just think they’re thankful a new owner with some understanding of how a football club should be run is taking over.
Most clubs are in debt it’s how you manage it that matters. Increased revenue and naming rights etc from the new stadium is a start. So let’s all be positive and stop worrying about the debt, and leave that to the people who know how to manage that.
{Ed025's Note - fair points Harlex..
3.) 16 Jun 2024 18:35:32
Brilliant post mate.
4.) 16 Jun 2024 19:34:26
Good post Harlex mate.
5.) 16 Jun 2024 21:06:29
Chicago Bears v 49ers, Ed Sheeran Concert, next Euros etc etc. going to take time but our income streams will grow. Let’s be patient and it will sort itself out. Let’s watch Pickford for now…….
15 Jun 2024 08:22:33
I’m not sure this will save us from having to sell before the end of June but hopefully that will be Onana for £50m giving us £20m in the pot.
No one seems to know what our shortfall is for PSR so we’re all just guessing.
I’m hoping that given this will be a full equity deal meaning they don’t need to borrow money, they have confidence that they can fully manage the situation.
We owe a staggering amount, however these loans can be restructured to allow manageable interest payments going forward.
A stadium deal must be on the cards that can also top up the funds, although not significantly.
Fingers crossed guys.
15 Jun 2024 10:58:40
Devastated. RIP Super Kev.
15 Jun 2024 08:37:42
Agree Ed025, they may run a mile when they see what a mess the club is in.
{Ed025's Note - hopefully it will be plain sailing mate and it gets done very soon and without any hitches...but lets not forget...this is Everton.. :)
15 Jun 2024 08:26:54
Anyone seriously looking at buying would want a period of exclusivity to enable them to carry out due diligence and get finances in place.
It costs time and money to buy a business so they don’t want to be in a position where someone comes in and gazumps them.
Just hope the exclusivity deal is a short one.
{Ed025's Note - yeah Chalkie its not as easy as some might think, there is plenty of time for it to go tits up yet mate.. :)