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NickB57's rumours posts with other poster's replies to NickB57's rumours posts
08 Sep 2024 18:14:29
Everton takeover bidder John Textor wants to bring in top coach Abel Ferreira if he wins control of the club. Ed002 is this waffle or does it have an element of truth? Seems unprofessional to band it about now.
{Ed002's Note - I have explained that Dyche may be at risk with an new owner but Textor needs to sell his Crystal Palace shares first. Such information being released would be massively disruptive to Everton. And what about the £1B plus debt?}
1.) 08 Sep 2024 19:58:04
Cheers ed. Just one more tune to add to the Everton opera.
2.) 09 Sep 2024 13:24:48
Afternoon Ed02 - are you still in the thinking that we will not complete a takeover before going into administration?
{Ed002's Note - I don’t know. The problem is the club need an income stream that covers the costs on a week by week basis and to pay lawyers to keep those owed money from grabbing the assets - and if that can’t be done the club needs to look to administration for protection.}
3.) 09 Sep 2024 19:32:56
The press haven’t been shy in heaping misery on Everton is recent months. I’m surprised that, if there was a real threat of administration, they haven’t been all over it. You’d like to think that Textor has a plan.
{Ed002's Note - Textor needs to sell his interest in Crystal Palace before he can do anything but stare at Everton from outside.}
08 Sep 2024 18:14:29
Everton takeover bidder John Textor wants to bring in top coach Abel Ferreira if he wins control of the club. Ed002 is this waffle or does it have an element of truth? Seems unprofessional to band it about now.
{Ed002's Note - I think that eventually when a new owner arrives the Dyche will be at risk. Ferreira might be a reasonable option but a significant risk. If the potential new owner is sharing this type of information it could have a huge detrimental effect on Everton. He still has a significant holding in Crystal Palace that he would need to dispose of - and more than £1B of debt to deal with.}
1.) 09 Sep 2024 13:57:52
Just been reading that more financing for Everton is expected this week.
06 Sep 2024 18:33:30
Reading in the internet, Morshiri prepared to waiver £450M debt to sell his shares for £80M to £100M. If this is true, would this be a more attractive offer to rekindle previous interested parties. I know they would have to pay off loans but, would it be more affordable for them. Could ed002 perhaps throw light on this? Cheers.
{Ed002's Note - No, there is a misunderstanding. Moshiri owns more than 90% of the club and is owed £450M in addition. To sell he may hand back the loan - but there is still more than £600M owed to others.}
1.) 06 Sep 2024 19:36:17
£600m owed to people, it’s just unbelievable, the miss management is so extraordinary.
2.) 06 Sep 2024 21:39:27
How else would we build a state of the art stadium?
3.) 06 Sep 2024 21:42:40
I’d imagine it helps the cause for a new owner.
Everton’s value being around £500m, plus the other assets we have such as Goodison, training ground and new stadium.
Someone acquiring 90% shares for£500m, with loans of £600m. All of a sudden it doesn’t look too bad.
Restructure those loans, increase revenue from new stadium and in 3 years, we might be on the road to recovery.
I can’t imagine we will be healthy for a long while, but perhaps fresh out of rehab is a better analogy.
4.) 06 Sep 2024 23:16:40
Think we rent the training ground from the council and Goodison probably isn’t worth as much as we hope.
We’ll probably sell the new stadium to make ends meant.
Oh for someone with buckets of cash to ride to our aid and sort out the mess we are in. Anyone had a look down the side of the sofa and found a spare billion or two?
5.) 07 Sep 2024 17:46:12
Not New news it was reported during the 777 purchase.
Aside from the Rights and media debt the Friedkin loan replaced the MSP money and some to Moshiri and AB. 777s was towards the stadium and some operating capital.
Rights and media is an old loan used to buy players and keep the lights on.
£600million plus Moshiris bit for EFC and the new stadium isn't too bad a price some might say.
6.) 08 Sep 2024 13:06:23
Agree Smit. Any sensible investors will be looking at the potential income over time, not one season. The worry for supporters should be if someone comes in looking to make a quick profit, and looks to sell the club on.
{Ed002's Note - The thread is full of misinformation. Goodison cannot be sold by Everton as the Rights and Media Funding debt is secured against it.}
7.) 09 Sep 2024 14:49:40
yeah pretty much as Ed says
EFC owe £600m (minimum) in debt to a group collective of Media rights funding, 777 and now the Friedkin group
Farhad Moshiri himself loaned £450m total, but he is willing to write that off, probably as he knows he'd never sell the club for 1billion+
the 777 debt, is a sticking point for many due to the legal complications the group find it in now with a court date said to be heard, A-Cap/ 777 basically have that debt, but as Friedkin found out people don't want to touch that right now due to legality issues.
the Friedkin group essentially bought MSP's previous debt held over EFC, and helped EFC to complete funding payment of the stadium.
essentially EFC are in debt up to their eye balls, and that is what is putting most bidders completely off, as it's essentially valuing EFC as a £700m+ club, not only would they have to pay the £600m debts, it would be £80m on top of that to Moshiri and then they'd need to inject immediate funds themselves in to EFC as a proof
essentially it's a ridiculously high deal for investors for a club not competing at the level of others you could get for smaller costs needing MUCH less body work.
i'd be very surprised if Moshiri found a competent sale at these demands, and given the legality issues surrounding the debt owed to 777/ A-Cap, with that issue possibly not being resolved until next year. they'd need a consortium of billionaires essentially. there's also the question mark of the clubs stance in the PL throughout all of this, obviously.
Textor is very loud, and very much all mouth, which leads me to believe he is not a serious bidder, even before the Palace shares are resolved.
the biggest hope is Moshiri lowers demand further, allowing Friedkin group to come back, writing off their own debt in to equity and finding a way around the 777 issues.
it's a complete mess which offers very slim hope to a club living off player sales, with only one *big* player asset left to sell in Jarrad Branthwaite.
18 Jun 2024 22:35:37
Hi eds
Is it too soon to get excited about the proposed buyout, and should we be concerned if it does? I seem to remember ed002 saying it was not his preferred choice of buyer. Cheers.
{Ed002's Note - It is moving ahead. We are at the start of the process - Friedkin agrees a period of exclusivity with Moshiri > Conducts due diligence > gets PL approval for the takeover ensuring the MSP debt is repaid and wages paid in the interim through loans > talks to creditors about how their debts will be met > all directors go through the whole process to obtain approval from the Premier League, FA and the Financial Conduct Authority.
In the interim, the club need to make sufficient sales by the end of June to avoid a third charge.}
1.) 19 Jun 2024 10:43:27
Hi Ed, nice update hopefully goes through problem free as whilst apparently not the best choice would appear far better than 777 and also has previous experience in football and has done fairly well turning Roma around.
In respect to your comment regarding sales before the end of June and then it being also reported that we’re not keen for Branthwaite to be sold unless a massive offer are you able to shed light on who is likely to be sold before end of June to satisfy PSR issues?
Will the new deal with castore as well as the new deal with the internet company for the stadium also help towards PSR issues or would that be in a different period?
Thanks.
{Ed002's Note - I cannot answer about the timings of transfers and certainly any new owner or sponsorship will not help with the historical PSR issues. Selling Branthwaite would be the answer. Selling other ex Academy players would also help. Selling the likes of Onana would help but would not bring in as much in funds as the ex Academy players.}
2.) 19 Jun 2024 20:29:13
Thanks for the reply.
Hoping if we do sell Branthwaite we get a decent price for him as the £35m reported that Utd offered seems way too low for him. Was very impressive last season and as poor as we were he helped to keep the second highest clean sheets in the league and would only expect him to improve.
Just out of interest who are the ex-academy players you mentioned?
Thanks.
3.) 19 Jun 2024 21:32:53
Dobbin.
4.) 19 Jun 2024 21:33:36
Jarrad’s scope for improvement is frightening. People forget he came into the game late and was schooled at Carlisle.
10 May 2024 20:29:30
With 777 allegedly calling in restructuring experts, is this the start of possible asset stripping?
{Ed002's Note - If that is the case Everton need to step away immediately. There is a fix, but it will be hard work.}
1.) 10 May 2024 20:39:33
How can that happen ED (the step away) ! I agree with you by the way.
{Ed002's Note - The restructuring is not of Everton.}
2.) 10 May 2024 20:39:36
Thanks for that ed. I wish you could influence Mr Morshiri.
NickB57's banter posts with other poster's replies to NickB57's banter posts
03 Sep 2024 12:13:05
On a lighter note. Whilst laying on my sun lounger by the pool in Turkey, I've been running my eyes over some figures By eck there's some cracking lasses with stand out figures here by the pool. Football figures! Hell no! Not given it a thought. In my mind I've scored more times this afternoon then our shambles have this season!
1.) 03 Sep 2024 13:43:26
That reminds me Nick, we need go two up top ?. Enjoy your holiday ??? ?.
2.) 03 Sep 2024 13:55:30
Bit chauvinistic that Nick. Hope there’s an equal amount of mental scoring going the other way otherwise best to stick to football figures mate.
02 Sep 2024 12:45:16
On my way to Turkey. Has he gone yet?
1.) 02 Sep 2024 14:59:02
Not till Xmas!
31 Aug 2024 19:28:51
I bet teams can't wait to come to Goodison. You can imagine the manager telling his players "easy game Saturday lads. 3 points in the bag. Give em a couple of goals start to make a game of it".
1.) 31 Aug 2024 20:54:56
Maybe that's Dyches whole strategy of management. Look like a pushover for 30 games, lulling teams into a false sense of security, then spring the trap to go on a winning run to stave off relegation. Its so insane it just might work, Sean, you trickster.
2.) 01 Sep 2024 07:14:10
I’ve always said that he creates a crisis then takes all the credit for escaping it.
23 Aug 2024 20:12:29
So do we get our first point/ s tomorrow? Any predictions GB? I've put us down for an away win on my footy bets.
{Ed025's Note - bet with your head Nick not your heart, we aint getting nothing from the game tomorrow mate ...sorry to dash your hopes..
1.) 23 Aug 2024 21:17:14
I fear tomorrow will be very embarrassing for us.
2.) 23 Aug 2024 21:59:04
Best we can hope for is to frustrate them and catch them on the break. Heart says 1-1, head says we lose 2-0.
3.) 24 Aug 2024 07:39:01
1-1 for me Nick mate.
4.) 24 Aug 2024 09:12:53
If he picks the same team then 3-0 Spuds. Yes I know Young is banned, but if he puts Holgate in what's the difference.
5.) 24 Aug 2024 12:19:25
5-0 spurs.
{Ed025's Note - lets hope not Ace, i dont think we will get anything myself mate but a drubbing is something we dont need just now..
6.) 24 Aug 2024 15:05:13
I sincerely hope not too Ed25. I’m just managing my disappointment in advance. Helps my home life.
{Ed025's Note - i cant blame you mate..
19 Aug 2024 22:20:13
Perhaps Dyche misread the remit of the contract. I'm sure it would have said "and to steer the club toward the Champions league places" and not Championship places.
08 Sep 2024 19:58:04
Cheers ed. Just one more tune to add to the Everton opera.
05 Sep 2024 18:06:20
True BB, but surely with the right man we can build towards it. Yeah I know getting him is the problem, but looking at previous managers I don't think is the answer.
05 Sep 2024 16:05:45
If I'm right and correct me if wrong. Moyes had 8 top 10 finishes with Everton and only 4 of those European qualification. 1 FA Cup final where he picked the wrong team. Surely any new owner will be expecting better than that with at least regular top 6 finishes, some cup finals and cup wins. There must be better about.
05 Sep 2024 15:20:25
I'm done then. A jigsaw could not be more complicated then we are. Might buy a pensioners standing ticket at Cheltenham Town lol.
04 Sep 2024 21:35:05
Oh please no! Have we not suffered enough? I can't take much more.
11 Sep 2024 21:46:15
I'll believe it when I see it.
10 Sep 2024 08:56:36
Oh how I dread the weekend. Not watched a full MOTD yet.
31 Aug 2024 22:08:31
Neither thanks.
31 Aug 2024 21:51:27
I did say that the other week LLD. Certainly don't seem Dyche type players.
31 Aug 2024 20:52:37
Hmmm time can be a long time Skylark. I hope it's true.