The Football News Thread 2023/24

[Paddingtonwolf]

Everton won't go pop. There's other American investors waiting to see if the 777 deal gets rejected apparently.

And they will buy them from admin for a much much smaller amount, finish the stadium, sell it to another company within their control for a pittance and write off of a few small debts, and then charge Everton rent. That’s what a venture capitalist would do with a company in this mess

 

[Deutsch Wolf]

If 777 get blocked by the PL then they can't come in later, can they

 

[Paddingtonwolf]

I meant bear’s “other potential investors” not 777.

What at Everton is worth anything? A few of the players, the new ground, the land at Goodison and Finch Farm. If you can get it cheap in a distress sale from admin you can turn significant profit.

Way less certain to do that if you pay full whack now.

Admin is a real problem for 777. Are those loans they have made secured?

 

[Kenny]

Not much detail on the loans.
So probably means they are fixed against something

 

[Paddingtonwolf]

If they are fixed on the new ground things would get interesting

 

[AndyWolves]

Companies house would show any charges made on Everton

 

[Paddingtonwolf]

I haven’t looked there yet. 777 would have to be remarkably dumb to have made the loans unsecured as admin is an extremely likely possibility if the deal doesn’t go through which would then leave them £120m out of pocket.

 

[AndyWolves]

As if we didn't already know, 777s purchase of Everton looks like is on dodgy ground to say the least

Endgame - josimarfootball.com

777 Partners have been hit with multiple new lawsuits, their two main sources of funding are now under investigation by corporate watchdogs, and their companies have been borrowing millions at an interest rate of 52.5 percent.

josimarfootball.com

 

[Banjo]

Companies house would show any charges made on Everton

Other than their bank (Metro Bank) the only other lender with any outstanding charges is a pretty shady looking entity called "Rights and Media Funding Limited". I can't find much out about that entity at all.

 

[Del Woppio]

https://twitter.com/x/status/1677023288000761873

 

[Wilf Wolf]

If football clubs and players lost their preferential creditor status there would be much more incentive on both clubs and players to consider the financial status of teams they are selling/moving to. It would certainly make players think twice about moving to a team like Forest or Everton and maybe it would result in better self regulation - the players that moved to Everton in the summer may have thought long and hard if they knew they’d be in the same situation as everyone else if the club went into administration as was talked about even then.

As a bonus it might make some agents earn their cut as well, as the player would want to know a lot more than how much a week and for how many years.

 

[Deutsch Wolf]

Aaron Hayden has said he ended his loan at Standard Liège because of late/missing wages. Wages due end of Nov didn't arrive until after Christmas, and December's wages haven't arrived.

Standard Liège owned by....777 Partners.

 

[Alan]

Some fool rich American probably still has a soft spot for Everton from Donovan being there.

 

[Quirkafleeg]

There must be something hallucinogenic in the Saudi waters for them to extend Stevie 'Yeahhhhhh course' Gerrard's contract until 2027.

 

[Deutsch Wolf]

Think they're just happy to keep big names (in terms of recognition, not actual managerial ability in Gerrard's case) around for as long as possible, that's always been the name of the game for them (it's nothing to do with quality of the league per se), and there's plenty of talk that a lot of the big signings across the board from last summer already want out.

From Gerrard's point of view he knows there aren't any jobs on the UK radar for him any time soon, not that his ego would allow him to take anyway.

 

[Tony Towner]

It comes a day after Henderson found out he's fucked up his tax loophole so I'd imagine Gerrard was only too pleased to sign until he it least has banked the dough

 

[Langers]

Some fool rich American probably still has a soft spot for Everton from Donovan being there.

No idea why - he was hardly a Sunshine Superman

 

[Alan]

No idea why - he was hardly a Sunshine Superman

I can't think of a great analogy for making the period in American soccer that created the "myth" of Landon Donovan make sense.

 

[Kenny]

New shiny Stadium 100% definitely NOT over paying for shit players, sacking managers after signing said shit players and repeating the cycle for years and years then

https://twitter.com/x/status/1748280553806205087

 

[Tony Towner]

New shiny Stadium 100% definitely NOT over paying for shit players, sacking managers after signing said shit players and repeating the cycle for years and years then

https://twitter.com/x/status/1748280553806205087

I thought infrastructure spending was removed from the calculations?