Deutsch Wolf
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- Joined
- Oct 16, 2009
- Messages
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Southend's takeover has eventually gone through and they are finally rid of the wretched Ron Martin (15+ years overdue).
We're talking huge amounts of money and interest to be repaid currently. Any investor is going to want a return on investment and going into a situation having to outlay more than you need to won't help in that regard.Because admin puts the club at serious danger of relegation and you'll also lose players at below market value because the administrator just wants cash coming in to fund the club day-to-day and satisfy whatever CVA is agreed (and pay its own exorbitant invoices for running the club for whatever period). So all things considered the value of the asset once that process is complete - which could take months - is far lower.
Everton as a Championship club having lost most of their best players and with all that money gone on servicing old debts is not a very attractive purchase.
Depends on how the debts are structured post admin. I'm not nearly clewed up enough to know what it could potentially look likeI’d imagine the price an investor would pay for Everton if they go into administration would be a huge drop compared to now. Given the potential the club has, especially with a shiny new stadium, some investors will think it would be worth waiting and then spend the money saved on the purchase price on a new squad to get them back to the PL.
I’m no expert but if they go into administration and those owed money get paid pence in the pound and the debt is cleared a buyer saves a huge amount of money. The downside is your buying potential not a PL club. Seem to recall Ken Bates did some creative accounting at Leeds and Leicester rose from the ashes after leaving loads of small companies with big losses.Depends on how the debts are structured post admin. I'm not nearly clewed up enough to know what it could potentially look like
Their debts aren't to the traditional creditors when clubs go into admin - football clubs and HMRC. It's the latter who normally trigger it. It's not in 777 or Moshiri's interests to put them into admin and now the Roma owner has also invested it's not his either. I can't see how they don't stay in some sort of limbo until 777's legal issues in the US are sorted one way or anotherDepends on how the debts are structured post admin. I'm not nearly clewed up enough to know what it could potentially look like
The biggest issue is who is going to pay the bills. 777 did all last season but can't now. Moshiri either can't or won't. Hard to see Friedken pouring more money in, because why would you.Their debts aren't to the traditional creditors when clubs go into admin - football clubs and HMRC. It's the latter who normally trigger it. It's not in 777 or Moshiri's interests to put them into admin and now the Roma owner has also invested it's not his either. I can't see how they don't stay in some sort of limbo until 777's legal issues in the US are sorted one way or another
2004 PremiershipLeeds mk II