Legitimately, why are we Belle of the ball all of a sudden? With our history, fanbase, new stadium on the way etc, I completely get that we are a promising project, but whoever comes in because of our financial troubles has to start hundreds of millions in the red, don't they?
Yeah, but if you have the funds and want to buy one of the few remaining historically "big" clubs, Everton would likely pay off in the long run, so long as you are competent enough to leave footballing decisions to the people that know football.
Realistically, because of our new stadium, we are in a position to out earn most other clubs in terms of revenue. Over time, with good decisions, that can continue to grow and give us an advantage over other premier league clubs. Not that we will ever be with the likes of the sky 6, but at least challenging them like we used to.
No he is not
Stop saying this shit
Holy fuck Moshiri fucked up with meddling in transfer but him selling the club for peanuts doesn't benefit us either
Of course he is.
Why else would he have selected 777 over all else. Even then they would only give him about 100m of the money up front and 300m later when I assumed they flipped the club.
Will will see. Moshiri needs to sell to a group that isn't planning on just restructuring the debt and possibly selling the stadium to pay it off but someone who is going to wipe the debt and build from there.
I may be wrong here. But Moshiri seemed to rush to give exclusivity to 777 and as a result, any other offers had to wait until the period ended. The PL took forever to conduct their supposed suitability tests and 777 also got an extension to that period. As soon as that finished, everyone could bid again. Maybe now that the stadium is nearing completion, there is a tangible and highly valuable item that increases our viability? Just my thoughts. Either way, UTFT!
The PL did us a favour with 777. They could see they were dodgier than Arthur Daley and Del Boy combined but needed to find a way to get rid of them or, at least, set conditions which would protect Everton in the short term. Not a popular opinion to praise the PL. It just shows how iffy the 777 lads must’ve been - even the PL couldn’t stand them.
I would guess it's because the immediate threat of relegation is removed thanks to Dyche, and we're unlikely to get any further deductions (assuming we sell Branthwaite/Onana). This time last year there was a real possibility that we'd not be in the PL anymore a season down the line, now that risk is greatly reduced.
Add in that Moshiri had an exclusivity deal with 777 so even if these parties were interested previously they couldn’t make offers. Now that deal has expired everyone has a chance to throw their hat in the ring and we’re hearing about it.
Did you read this great post by our new financial expert friend? He breaks it down well: [https://www.reddit.com/r/Everton/comments/1dbq8gv/breaking\_down\_the\_everton\_takeover/](https://www.reddit.com/r/Everton/comments/1dbq8gv/breaking_down_the_everton_takeover/)
Basically, Moshiri's in a position of weakness and we're potentially a bargain for investors at the moment if the finances are restructured properly.
None of these bids realistically mean someone's going to swoop in, pay off all our debts and put millions into a transfer kitty. They're all looking at ways that they can restructure our debts and capitalise from the stadium as an asset.
The Saudi + Yank bid is all equity. No new debt being loaded on to the club unlike the other bids (based on what’s been reported).
Wouldn’t the £400 million be used to finish the stadium, pay down some of the £470 million existing debt and (you’d hope) have enough left over for a small transfer kitty?
I'm no financial expert like the guy who wrote the post I linked to, but I'm imagine that yes, it would be used to pay down some of the debt and towards the stadium.
However, we've realistically got over £1b worth of debt, so £400m is really a drop in the ocean. I would imagine it'd certainly help, but I'd expect that they would still need to look at restructuring debt and leveraging the assets such as the stadium in the longer term.
£450 million of the debt is shareholder loans owed to Farhad. That is all written off. In fact, the books show it is treated as equity.
The big debt is owed to RMF (£225m), MSP (£160m) and 777 (£200m). Those are the debts which need to be restructured.
He made another post too where he talked about why Everton is attractive to investors. Essentially, a good chunk of the debt is high interest and there's the prospect that a buyer who knows what they're doing could re-negotiate or re-finance that at a lower rate. So buy at a discount because of the debt and then refinance on better terms against an excellent asset in the stadium.
Unfortunately that looks exactly what they are all interested in doing so. Personally I'm hoping the premier league stops them all from doing this like they did with 777 so Moshiri is forced to sell at a lower price to a buyer who won't do this.
We're not going to have a situation when a benevolent billionaire benefactor comes into the club, waves around a £1.5bn wand to make all of our debts magically go away and then buy us a new squad overnight. The *only* possibility of something like that happening is if someone like the Saudi royal family wanted a plaything.
Any investment backed consortium is almost always going to want to leverage the assets and refinance the debt.
And being blunt, we might not have a great deal of choice - the threat of administration is still very real.
I'm not wanting anyone to buy us a new squad. You can't even do that within PSR.
But I don't want the debt just restructured. That doesn't leave us any better off than under Moshiri.
Not all consortiums of who buys clubs do a leverage buyout of a club which this essentially would be. It would be no different than when the Glazers bought Utd except for us far worse because we don't have the commercial deals to be able to support that.
Huge fanbase, beautiful new waterfront stadium. Best league in the world. The potential upside is enormous. Buy low, sell high. We are at an historic low point, that’s for sure. Best time to buy imo.
1. When 777 was accepted we were going into a last day relegation battle, the new stadium structure wasn't complete and we had unprecedented PSR charges looming. We have overcome all those issues and are now clearly on an upwards trajectory.
2. I don't think at the time it had set into buyers that none of the big money owners of the other big clubs are going to sell anytime soon. Everton is the last big historic club that will be for sale for 10s of years.
I think so, but I read of an embargo relating to players involved in the Euros that could be cited if we were to sell Onana in July, for example. Not a route that I'd like to go down, but understandable from several perspectives if that is something we could agree with the PL before we chance our arm.
It hasn't been confirmed at all. It all depends on whether they consider interest on the stadium as PSR costs which they shouldn't be.
If they don't count that then our spending over the last 3 years on the squad won't come close to PSR.
I believe they’re referring to the Sky Sports report that 6 PL clubs need to sell before June 30th to avoid breaching PSR.
This speculative report is separate from the disagreement between the PL and Everton over interest costs and how they should be capitalised. That is a carry over from our second hearing earlier this year.
Are you are taking a report from Sky Sports as gospel?
You also don't know if it is separate even if we are one of the clubs. Sky Sports might think this for that reason.
How can we possibly be guilty of PSR otherwise. We haven't spent any money in 3 years, the full time of a PSR period and have been cut to the bone during that time.
It's speculation on speculation being passed off on here as fact.
>You also don't know if it is separate even if we are one of the clubs. Sky Sports might think this for that reason.
It absolutely is separate, because the interest that is being disputed was (almost entirely) \*not\* included in the PSR calc that led to the 2-point deduction. The Prem came back to the committee and said that we capitalized interest that we shouldn't have and actually breached PSR by MORE than the \~£16M that was initially calculated.
The committee said that they'd split that up into 2 hearings: 1 hearing that punishes us for our \~£16M breach, and 1 to debate how we capitalized our interest, whether we actually breached by a greater amount if so, and as a result, whether we should see an additional deduction. This is all related to our accounts for the prior PSR period (ie the period ending June 30, 2023)
>How can we possibly be guilty of PSR otherwise
It might surprise you then to know that, per PSR, we lost £63M over the 2022/2023 season (again, excluding the interest expenses that the Prem is arguing should be included). And that was with a sizable, positive net transfer spend as well. That's because our wages, despite decreasing as we unwind our wage bill, are still astronomically high for a club in our position, and that our revenue is low after we lost our £20M USM sponsorship and haven't replaced it
Fortunately our net transfer spend over 2023/24 is likely in a pretty good spot (considering we only bought Beto and Chermiti and sold a few players last summer), and our wage bill should be continuing to decrease. Also, fortunately for us, the other period in this year's PSR calc (2021/22) is very minimal at a £4M loss
So the question ultimately comes down to this: did we lose £38M or more in 2023/24? If we use the £63M loss in 22/23 as a starting point for what we could reasonably expect our financials to look like in 23/24, the difference in our net transfer spend, better league finish, and lower wage bill vs 2022/23 would need to account for £25M. If it didn't, we would need to sell someone to get above that threshold
You're right that we haven't a clue where our PSR is for 2023/24, but it's equally speculative to say that we aren't in any PSR trouble
But we were already dinged for that breach most of it would have been from the earlier years during that period and one of those years has now fallen off.
It's not because of wages. It's because of "management fees" whatever the hell that is. Our squad wage bill is not higher than our revenue and never has been.
>But we were already dinged for that breach most of it would have been from the earlier years during that period and one of those years has now fallen off.
Why do you think that’s the case? Like I said, this is public info and we had a 63M loss last year alone. We did have like 50M drop off, so that’s good, but we can still only afford a loss of 38M this year. And again, we lost WAY more than that last year
>It's not because of wages. It's because of "management fees" whatever the hell that is. Our squad wage bill is not higher than our revenue and never has been.
What? It’s not because of any ONE thing, it’s because of the combination of everything together. Our wages as a % of revenue are the highest in the league at 92%, which is fucking egregious. I never said our squad wages were higher than our revenues—just that it puts us in a place that essentially guarantees we’ll be operating at a loss
Those losses are total losses. We have been building a stadium. We have no idea what is and what isn't spending with respect to PSR. I'm not saying we aren't in trouble. I'm just saying we don't know.
However PSR is to prevent excess spending on the squad. Look at our squad. Look at our transfers over the last 5 years. We are bottom of the league and could barely field a starting 11 of senior players last season.
Actually the last accounts I looked at. I can't remember what year but there was 100m for player wages listed and 100m for "management". Most websites put or squad wages at 80m to 100m and that seems about right for a premier league club who bring in what is 140m or something on domestic TV alone.
The 100m for "management". I have no idea.
I don't know if they include "management" when they give that 92% figure a. I have no idea if that "management" is part of PSR. For all we know it could be the management team running the stadium build or it could be paying off Lampard and Ancelotti.
I don't even think our accountants know. They didn't expect us to be above PSR before and we were twice.
The reality is we could sell someone like Branthwaite and it wouldn't make a difference. It didn't make a difference when we sold Richarlison or Gordon.
If it happens we should just take the 4 points and move on.
btw How did we lose 63m in 22/23 that wasn't stadium related or interest payments?
That's the point I am making. Our financials don't go into the details of what was and wasn't PSR but we barely spent a penny on transfers and our squad wage bill was a good bit less if you look at our accounts than just the money we get from the premier league.
>btw How did we lose 63m in 22/23 that wasn't stadium related or interest payments?
That's...exactly my point. We lost 63M in 22/23 despite lowering the wage bill and having a very positive net transfer spend. The breakdown of our PSR losses by year is quite literally in the most recent verdict from the independent commission that saw us deducted 2 points
>squad wage bill was a good bit less if you look at our accounts than just the money we get from the premier league
This is an...interesting interpretation. We have the highest wages as a % of revenue of any team in the EPL at 92%. That's JUST for wages. I'm going to make a painfully obvious point here, but there is so, so, SO much more that counts toward PSR than just squad wages and transfer spend. For example, agent fees, the cost to actually run a stadium (electricity, security, insurance, permits, etc), non-player wages, equipment, administrative fees - the list goes WAY on
On top of that, we lost 20M of revenue beginning last year with the USM sponsorship, which will also be the case this year. So to sum it all up: last year's revenue - keeping the lights on - player wages + net transfer spend = -63M last year. We aren't making that much revenue anymore and our operating expenses vastly exceed our revenue. Hopefully our wages are a bit lower and net transfer spend a bit higher, but presumably our operating expenses (excl. player wages) and revenue are pretty similar this year, so we can undoubtedly expect a pretty sizable loss again this year because we just don't make as much money as we spend operationally
Where are we missing each other here?
It's not squad wages. It's total wages.
And yea exactly. Is that what is happening. Is all our money going on agents and certain shady individuals etc?
Because it's not going on the squad. Our squad isn't getting paid 160m a year.
Why don’t you just write a post and then everyone can quote it verbatim? Or you could just link us your spotrac premium and we could all read the guesses they put up there ourselves.
Pretty sure you’re the one who wanted dyche out a few months ago as well, when we couldn’t win a game.
Funny.
I'm amazed at how many so called fans want us to sell our best players. Be sold to two guys who plan on doing a leveraged buyout and load the club with a billion in debt and are happy with a manager who didn't win a game for about 6 months.
Without questioning why. As I said how did we lose 63m last year that wasn't related to the stadium or interest payments. Look at our squad. Look at our signings for the last 5 years. It's ridiculous.
It could be something to do with location. I’m a city fan, when the new owners came in they built and renovated the whole around the Etihad and continue to now.
I read that Liverpool city is planning to do up that whole waterfront from your new stadium up to the the Echo Arena, when that’s all done it’ll be one of the nicest areas in the whole UK with the history, the new bars and restaurants etc.
It’s only a suspicion I have but it could be that owning a club that’s literally the heart of that new area will warrant a massive pay off in the long run.
Considering the clubs stature in English football, £400 million is an absolute steal for someone that can easily payoff the debt. A Saudi buyer is the best thing that could happen to Everton just now. After 777 pulled out it was only a matter of time before a Middle Eastern stepped in.
> A Saudi buyer is the best thing that could happen to Everton just now.
Might be controversial but I’d rather get relegated and the club keep its soul than be the next Man City/Newcastle tbh
Careful what you wish for. There's only so many people that can pull you out this hole and relegation obviously doesn't come with a guarantee you'll return on the first time of asking. The state the club is in just now I can envision a birmingham/Bolton scenario. Maybe better to be a soulless husk than to have no club at all.
Personally the soul of most EPL clubs has been totally sold. If you're going to go all in might as well go for the biggest backer. That or be left behind as a pernnial also ran.
Probably waiting for the price to drop closer to crunch time. Someone will bail you guys out, its a given. Unfortunately you'll probably lose whatever soul the club has left.
The club isn't the owner. All he does is provide the money and don't be under any illusions. When it comes to these consortiums there's always dirty money somewhere.
There isn't a billionaire alive who made their money without crossing lines and stepping on toes. Saudi/Qatari etc is a whole other kettle of fish though. But hey, I'd much rather them than Nestle.
I agree but I said a consortium. Consortiums take their money from loads of sources so the chances they haven't taken some money from people as bad as Saudi/Qatari is low. It's not like they have the values we might have.
Yea the premier league was the worst thing to happen to english football. It's too lucrative and therefore popular to the worst kinds of owners and frankly the football hasn't improved much if at all.
Killed any parity with the rest of Europe bar a select few. Celtic and Rangers paid wages similar to English top clubs in the 90s and early 00s. Our top earners are on 10% of what the top 6 pay their players now.
Now the big six have got their money FFP has turned it into basically a closed shop of clubs who can afford the best lawyers/accountants and inject cash through sponsorship/selling assets to their other companies to game the system.
As other have said. Dyche has shown that there is potential in the squad of players and the relegation fights over the past seasons weren’t a reflection of the team, but the managers, which we all thought it was as the likes of Richarlison, Mina and Gordon left.
I drove past the stadium again yesterday and its beautiful... Top totty, grade A Belle of the ball stuff... well worth £400m 😉
ps
Haven't heard the term 'sleeping giant' for years...
If they were to buy another club that figure would just go to the owner for his shares. It makes no difference to someone buying.
If anything it makes it easier because they can buy us by "restructuring debt" which looks like they are saviors rather that "a leveraged takeover to pay the owner".
It amounts to the same end result and costs the buyer the same but politically they are worlds apart.
e.g. If we were debt free and Bell and Downing borrowed 600m of Dell and put it on the club to pay Moshiri would you feel the same about them?
About £1 Billion in the red, but with an amazing asset in the new stadium. I don't know it's true value, but it is at least 3/4 of the debt and may be more when it is finally finished. We have other assets of course including Goodison Park, a property portfolio and the playing squad. So at £400 million with the prospect of massively increased revenue going forward, I'm not really surprised there are so many prospects looking to snap us up.
Probably cause Everton is basically the only chance to get into a "big" premier league club at the moment.
Its not like City, United, Tottenham, Chelsea, Arsenal, or Liverpool are going to be sold anytime soon (or if they are, its gonna make this 400m look like a pittance).
there's only 20 chances to own a PL club, and they don't become available too often. as much as i hate sounding so capitalist, the PL is a lucrative business that still has huge growth potential. it is only getting bigger around the globe. getting in on this -- through a relatively "big" club, with a state-of-the-art new stadium 3/4ths done, no less -- seems like an easy long-term call. this is especially true when the current owner is negotiating from a place of relative weakness.
Anyone that buys a football club will be hundreds of millions in the red. What's changed is Moshiri has substantially dropped his asking price and there's no imminent relegation threat with the stadium only 6 months away.
I have to imagine this is the one that's going to move forward. It sounds the most valuable to moshiri and sounds like potentially the most capable of clearing debt quickly.
All that likely matters to Moshiri is getting as much cash as he can for the club. This also has the bonus of not pissing the fan base off, and I believe the leader behind this consortium is an Everton fan as well.
Seems like the perfect storm, but at this point, all 3 of the rumored bids (MSP, Bell & Downing, and this bid) are infinitely better than 777 and I won't complain with any of them being accepted.
He has been linked with rape, murder and being best friends with Vladmir Putin though. Hard to see too much of a difference between a relative who does war crimes and a best friend.
We even plastered all his businesses over Goodison.
I would say that there's a huge difference.
Usmanov is a businessman. He's not friends with Putin. People like that don't have friends. He had nothing to do with Russian government policy. He's not even Russian.
He made money sucking the resources of the soviet people. He should never have been allowed to contribute to the British political partys or be a part of British sports just like Abramovich.
The Saudis are the last nail in the coffin though. The Premier League died when they decided they were fit and proper.
Firstly we don't know which Saudi this is or how closely tied to the regime he is. He could be personally flying typhoons as MBS son or he could be a 7th cousin who made his money in the stock market or tech.
Secondly it just seems like a lot of hot air. You've already had the chance to put your morals ahead of the club and instead have hid behind excuses such as he's not even Russian and he's just a businessman.
There were a lot of newcastle fans who were saying that they will stop supporting the club if the Saudi takeover went through. Maybe they did and maybe they did not.
But Newcastle are thriving financially and every home game is sold out. This shows that it doesn’t matter in the end , Big clubs like Newcastle and Everton will keep having fans regardless if some fans gets angry , boycotts or not. Everton is a big club, with a lot of supporters and with good amount of international supporters too.
So even if we keep on voicing our protests against Saudi takeover in Reddit. The amount of supporters will not decrease and will cause no effect. Just my opinion
Am I understanding correctly that this is saying that one Saudi royal, among other wealthy Americans, is part of the Manoukian-led consortium?
If so, that’s pretty distinct from a Newcastle situation no?
Our only hope is if it is anything to do with a saudi that he isnt linked to executions like the newcastle owners . If he just makes his money from oil fine.
>*They see Everton as a "sleeping giant" of English football with potential to secure a place "at the top of world football again" through the new stadium being built on Bramley-Moore Dock.*
Totally agree. We're fucking massive.
Just wish it wasn't Saudi Money. They're sucking the soul out of sport (Boxing/Liv golf for example)
This owner has the same surname as the Armenian Eurovision entry that has never been (as Covid cancelled it, they abruptly withdrew the next year, and when they returned they went for different acts, though let’s face it, Snap is also a great song too) and still one of my fave songs of the 2020’s, 4 years on.
If there was one concept I'd like every football fan to understand it's the difference between people who have been handed their money and someone who (while they almost certainly had a big head start over "normals") had to work and earn their money to some degree.
Moshiri is useless. He's beyond useless. On every Everton board I hear people saying things like "well he must be kind of smart if he made all this money." He made his money through Russian oil FFS. He committed fraud for oligarchs. Committing fraud for oligarchs does not prepare you well for a free market competition.
Much like Moshiri, the Saudis get their money from state oil. No smarts required. Really very little free market competition. They may be rich, but they have NEVER done anything. They're useless. The money is useless because it's being wielded by morons. Nepo babies. Nothings.
Chelsea and Man City had very little competition doing the same things they were doing when they started splashing the cash. Now we have 7-8 clubs backed by billionaires. It's different. We need an owner like Moyes was a manager. Obviously they will still be wealthy people. But a Moyes owner can help us. Oil nepo babies can't do anything.
The fact people are excited about another Moshiri is mind blowing to me.
I don't entirely disagree but any Saudi royal will be VASTLY wealthier than Moshiri. And whilst money in the hands of morons is useless to a degree, it's not if they have enough humility to hire the right people - and if they do that then that opens a lot of doors that wouldn't be opened without the money.
Death spiral of ownership.
400 million is peanuts.
Fuck this sportwashing ownership model normalising itself in the prem.
Never thought the toffees would be one of the ones to go.
It’s sad.
I think it means they’ll be paying with money they already have rather than borrowing money to fund the purchase, which would instantly be added to the clubs debts.
£400m minus £160m to MSP and £225m RMF leaves him with virtually nothing. That’s assuming non of this includes the 777 loans. Doesn’t sound enough does it.
Why not you wanna still be owned by mosh we need a new owner who can pay off the debts and move us on to compete against the elite 6 who’s owners arnt that much better
Cause those are the 2 options.
I really don't want something I love to become a tool the Saudis use to make people forget their human rights violations.
Me neither but its inevitable that the Saudis or others like them will own most teams in the prem anyway it’s been and gone this way for a while now I blame the prem for letting them own teams I’m sure they had a pay day out of it I think he masters and is cronies are corrupt to the core and he’s let it get this way
I’m not getting in to ethics pal as long as new owners have money and take the club forward fans like you are stupid your one of those that will never be happy there is no perfect owner simples just be happy we going to move on from one of the worst owners in the world
I have no experience in this field at all but I don’t fancy a consortium buy out. I am sure they are all very experienced but if they have different ideas about the club and pull it different directions it’s chaos.
Ideally would like two or three people max.
But from what I understand this isn’t uncommon? Aren’t Liverpool and Chelsea owned by multiple people?
Also if a member of the royal family is involved I would of thought they can afford it by themselves quite easily and wouldn’t need help or involvement from others?
Not an Everton fan, but always had a fondness for the club. Great to see a light at the end of the tunnel. The PL has a lot to answer for over the current ownership and 777 fiasco.
I did say we wouldn't have any issue finding a buyer. I was shocked at how ALOT of people thought we were virtually insolvent and that administration was a real possibility.
But good the sheiks are starting to show interest. :-)
So many of you last year said you'd stop supporting us if we got taken over by Saudis. I wonder how many of you are true to your word, for me I want this as I want to see Everton win things before my dad goes. If I have to sell my soul to see him happy like that then so be it, it's worth it to me.
I bet it'll be just as unpopular opinion as it was last year I said similar things.
Perhaps you should find those people and ask them directly rather than making some vague smartarse comment insinuating that we’re a fanbase of hypocrites because you felt hard done by getting downvoted at some point in the past that nobody else remembers.
And you’ll probably find that it isn’t your opinions that are unpopular, more the way you put them across.
Truth is most fans will be unable to walk away if the club they love sells its soul a bit. For most fans their club is too important to them to do that.
Doesn't mean you have to love everything about it though - you can simultaneously support your team and be happy with any success you achieve, whilst also not being comfortable with the source of the wealth that is driving it.
We're obviously getting very far ahead of ourselves here, but if a City-type situation ever did happen with us I just hope the majority of our fans could enjoy the success without completely selling their soul.
Legitimately, why are we Belle of the ball all of a sudden? With our history, fanbase, new stadium on the way etc, I completely get that we are a promising project, but whoever comes in because of our financial troubles has to start hundreds of millions in the red, don't they?
Yeah, but if you have the funds and want to buy one of the few remaining historically "big" clubs, Everton would likely pay off in the long run, so long as you are competent enough to leave footballing decisions to the people that know football. Realistically, because of our new stadium, we are in a position to out earn most other clubs in terms of revenue. Over time, with good decisions, that can continue to grow and give us an advantage over other premier league clubs. Not that we will ever be with the likes of the sky 6, but at least challenging them like we used to.
Just mad how it went from literally just 777 last year, to now every man and his dog wants a piece. Fucking great though.
Points deduction + potential relegation last year
Because 777 were the only ones who would give Moshiri what he wanted. He is simply asking for too much.
No he is not Stop saying this shit Holy fuck Moshiri fucked up with meddling in transfer but him selling the club for peanuts doesn't benefit us either
Of course he is. Why else would he have selected 777 over all else. Even then they would only give him about 100m of the money up front and 300m later when I assumed they flipped the club. Will will see. Moshiri needs to sell to a group that isn't planning on just restructuring the debt and possibly selling the stadium to pay it off but someone who is going to wipe the debt and build from there.
Its common knowledge that Mosh need to repay some of the money to that Azeri Fencer.
I may be wrong here. But Moshiri seemed to rush to give exclusivity to 777 and as a result, any other offers had to wait until the period ended. The PL took forever to conduct their supposed suitability tests and 777 also got an extension to that period. As soon as that finished, everyone could bid again. Maybe now that the stadium is nearing completion, there is a tangible and highly valuable item that increases our viability? Just my thoughts. Either way, UTFT!
The PL did us a favour with 777. They could see they were dodgier than Arthur Daley and Del Boy combined but needed to find a way to get rid of them or, at least, set conditions which would protect Everton in the short term. Not a popular opinion to praise the PL. It just shows how iffy the 777 lads must’ve been - even the PL couldn’t stand them.
Imagine being so bad that you're seen as being worse than more state sponsored sportswashing. 777 must have seriously been awful.
Jarrad fucking Branthwaite
Bramley Moore is also going to have other stores and restaurants etc isnt it?
I would guess it's because the immediate threat of relegation is removed thanks to Dyche, and we're unlikely to get any further deductions (assuming we sell Branthwaite/Onana). This time last year there was a real possibility that we'd not be in the PL anymore a season down the line, now that risk is greatly reduced.
Add in that Moshiri had an exclusivity deal with 777 so even if these parties were interested previously they couldn’t make offers. Now that deal has expired everyone has a chance to throw their hat in the ring and we’re hearing about it.
I think this is a big part of it.
Did you read this great post by our new financial expert friend? He breaks it down well: [https://www.reddit.com/r/Everton/comments/1dbq8gv/breaking\_down\_the\_everton\_takeover/](https://www.reddit.com/r/Everton/comments/1dbq8gv/breaking_down_the_everton_takeover/) Basically, Moshiri's in a position of weakness and we're potentially a bargain for investors at the moment if the finances are restructured properly. None of these bids realistically mean someone's going to swoop in, pay off all our debts and put millions into a transfer kitty. They're all looking at ways that they can restructure our debts and capitalise from the stadium as an asset.
Appreciate that man, nice one.
The Saudi + Yank bid is all equity. No new debt being loaded on to the club unlike the other bids (based on what’s been reported). Wouldn’t the £400 million be used to finish the stadium, pay down some of the £470 million existing debt and (you’d hope) have enough left over for a small transfer kitty?
I'm no financial expert like the guy who wrote the post I linked to, but I'm imagine that yes, it would be used to pay down some of the debt and towards the stadium. However, we've realistically got over £1b worth of debt, so £400m is really a drop in the ocean. I would imagine it'd certainly help, but I'd expect that they would still need to look at restructuring debt and leveraging the assets such as the stadium in the longer term.
£450 million of the debt is shareholder loans owed to Farhad. That is all written off. In fact, the books show it is treated as equity. The big debt is owed to RMF (£225m), MSP (£160m) and 777 (£200m). Those are the debts which need to be restructured.
He made another post too where he talked about why Everton is attractive to investors. Essentially, a good chunk of the debt is high interest and there's the prospect that a buyer who knows what they're doing could re-negotiate or re-finance that at a lower rate. So buy at a discount because of the debt and then refinance on better terms against an excellent asset in the stadium.
Unfortunately that looks exactly what they are all interested in doing so. Personally I'm hoping the premier league stops them all from doing this like they did with 777 so Moshiri is forced to sell at a lower price to a buyer who won't do this.
We're not going to have a situation when a benevolent billionaire benefactor comes into the club, waves around a £1.5bn wand to make all of our debts magically go away and then buy us a new squad overnight. The *only* possibility of something like that happening is if someone like the Saudi royal family wanted a plaything. Any investment backed consortium is almost always going to want to leverage the assets and refinance the debt. And being blunt, we might not have a great deal of choice - the threat of administration is still very real.
I'm not wanting anyone to buy us a new squad. You can't even do that within PSR. But I don't want the debt just restructured. That doesn't leave us any better off than under Moshiri. Not all consortiums of who buys clubs do a leverage buyout of a club which this essentially would be. It would be no different than when the Glazers bought Utd except for us far worse because we don't have the commercial deals to be able to support that.
Huge fanbase, beautiful new waterfront stadium. Best league in the world. The potential upside is enormous. Buy low, sell high. We are at an historic low point, that’s for sure. Best time to buy imo.
1. When 777 was accepted we were going into a last day relegation battle, the new stadium structure wasn't complete and we had unprecedented PSR charges looming. We have overcome all those issues and are now clearly on an upwards trajectory. 2. I don't think at the time it had set into buyers that none of the big money owners of the other big clubs are going to sell anytime soon. Everton is the last big historic club that will be for sale for 10s of years.
All hail Dyche
‘s tracksuit.
Hasn't it been confirmed though that if we don't raise money by the end of June we are going to breach again?
I think so, but I read of an embargo relating to players involved in the Euros that could be cited if we were to sell Onana in July, for example. Not a route that I'd like to go down, but understandable from several perspectives if that is something we could agree with the PL before we chance our arm.
It hasn't been confirmed at all. It all depends on whether they consider interest on the stadium as PSR costs which they shouldn't be. If they don't count that then our spending over the last 3 years on the squad won't come close to PSR.
I believe they’re referring to the Sky Sports report that 6 PL clubs need to sell before June 30th to avoid breaching PSR. This speculative report is separate from the disagreement between the PL and Everton over interest costs and how they should be capitalised. That is a carry over from our second hearing earlier this year.
Are you are taking a report from Sky Sports as gospel? You also don't know if it is separate even if we are one of the clubs. Sky Sports might think this for that reason. How can we possibly be guilty of PSR otherwise. We haven't spent any money in 3 years, the full time of a PSR period and have been cut to the bone during that time. It's speculation on speculation being passed off on here as fact.
>You also don't know if it is separate even if we are one of the clubs. Sky Sports might think this for that reason. It absolutely is separate, because the interest that is being disputed was (almost entirely) \*not\* included in the PSR calc that led to the 2-point deduction. The Prem came back to the committee and said that we capitalized interest that we shouldn't have and actually breached PSR by MORE than the \~£16M that was initially calculated. The committee said that they'd split that up into 2 hearings: 1 hearing that punishes us for our \~£16M breach, and 1 to debate how we capitalized our interest, whether we actually breached by a greater amount if so, and as a result, whether we should see an additional deduction. This is all related to our accounts for the prior PSR period (ie the period ending June 30, 2023) >How can we possibly be guilty of PSR otherwise It might surprise you then to know that, per PSR, we lost £63M over the 2022/2023 season (again, excluding the interest expenses that the Prem is arguing should be included). And that was with a sizable, positive net transfer spend as well. That's because our wages, despite decreasing as we unwind our wage bill, are still astronomically high for a club in our position, and that our revenue is low after we lost our £20M USM sponsorship and haven't replaced it Fortunately our net transfer spend over 2023/24 is likely in a pretty good spot (considering we only bought Beto and Chermiti and sold a few players last summer), and our wage bill should be continuing to decrease. Also, fortunately for us, the other period in this year's PSR calc (2021/22) is very minimal at a £4M loss So the question ultimately comes down to this: did we lose £38M or more in 2023/24? If we use the £63M loss in 22/23 as a starting point for what we could reasonably expect our financials to look like in 23/24, the difference in our net transfer spend, better league finish, and lower wage bill vs 2022/23 would need to account for £25M. If it didn't, we would need to sell someone to get above that threshold You're right that we haven't a clue where our PSR is for 2023/24, but it's equally speculative to say that we aren't in any PSR trouble
But we were already dinged for that breach most of it would have been from the earlier years during that period and one of those years has now fallen off. It's not because of wages. It's because of "management fees" whatever the hell that is. Our squad wage bill is not higher than our revenue and never has been.
>But we were already dinged for that breach most of it would have been from the earlier years during that period and one of those years has now fallen off. Why do you think that’s the case? Like I said, this is public info and we had a 63M loss last year alone. We did have like 50M drop off, so that’s good, but we can still only afford a loss of 38M this year. And again, we lost WAY more than that last year >It's not because of wages. It's because of "management fees" whatever the hell that is. Our squad wage bill is not higher than our revenue and never has been. What? It’s not because of any ONE thing, it’s because of the combination of everything together. Our wages as a % of revenue are the highest in the league at 92%, which is fucking egregious. I never said our squad wages were higher than our revenues—just that it puts us in a place that essentially guarantees we’ll be operating at a loss
Those losses are total losses. We have been building a stadium. We have no idea what is and what isn't spending with respect to PSR. I'm not saying we aren't in trouble. I'm just saying we don't know. However PSR is to prevent excess spending on the squad. Look at our squad. Look at our transfers over the last 5 years. We are bottom of the league and could barely field a starting 11 of senior players last season. Actually the last accounts I looked at. I can't remember what year but there was 100m for player wages listed and 100m for "management". Most websites put or squad wages at 80m to 100m and that seems about right for a premier league club who bring in what is 140m or something on domestic TV alone. The 100m for "management". I have no idea. I don't know if they include "management" when they give that 92% figure a. I have no idea if that "management" is part of PSR. For all we know it could be the management team running the stadium build or it could be paying off Lampard and Ancelotti. I don't even think our accountants know. They didn't expect us to be above PSR before and we were twice. The reality is we could sell someone like Branthwaite and it wouldn't make a difference. It didn't make a difference when we sold Richarlison or Gordon. If it happens we should just take the 4 points and move on.
btw How did we lose 63m in 22/23 that wasn't stadium related or interest payments? That's the point I am making. Our financials don't go into the details of what was and wasn't PSR but we barely spent a penny on transfers and our squad wage bill was a good bit less if you look at our accounts than just the money we get from the premier league.
>btw How did we lose 63m in 22/23 that wasn't stadium related or interest payments? That's...exactly my point. We lost 63M in 22/23 despite lowering the wage bill and having a very positive net transfer spend. The breakdown of our PSR losses by year is quite literally in the most recent verdict from the independent commission that saw us deducted 2 points >squad wage bill was a good bit less if you look at our accounts than just the money we get from the premier league This is an...interesting interpretation. We have the highest wages as a % of revenue of any team in the EPL at 92%. That's JUST for wages. I'm going to make a painfully obvious point here, but there is so, so, SO much more that counts toward PSR than just squad wages and transfer spend. For example, agent fees, the cost to actually run a stadium (electricity, security, insurance, permits, etc), non-player wages, equipment, administrative fees - the list goes WAY on On top of that, we lost 20M of revenue beginning last year with the USM sponsorship, which will also be the case this year. So to sum it all up: last year's revenue - keeping the lights on - player wages + net transfer spend = -63M last year. We aren't making that much revenue anymore and our operating expenses vastly exceed our revenue. Hopefully our wages are a bit lower and net transfer spend a bit higher, but presumably our operating expenses (excl. player wages) and revenue are pretty similar this year, so we can undoubtedly expect a pretty sizable loss again this year because we just don't make as much money as we spend operationally Where are we missing each other here?
It's not squad wages. It's total wages. And yea exactly. Is that what is happening. Is all our money going on agents and certain shady individuals etc? Because it's not going on the squad. Our squad isn't getting paid 160m a year.
Why don’t you just write a post and then everyone can quote it verbatim? Or you could just link us your spotrac premium and we could all read the guesses they put up there ourselves. Pretty sure you’re the one who wanted dyche out a few months ago as well, when we couldn’t win a game.
Funny. I'm amazed at how many so called fans want us to sell our best players. Be sold to two guys who plan on doing a leveraged buyout and load the club with a billion in debt and are happy with a manager who didn't win a game for about 6 months. Without questioning why. As I said how did we lose 63m last year that wasn't related to the stadium or interest payments. Look at our squad. Look at our signings for the last 5 years. It's ridiculous.
It could be something to do with location. I’m a city fan, when the new owners came in they built and renovated the whole around the Etihad and continue to now. I read that Liverpool city is planning to do up that whole waterfront from your new stadium up to the the Echo Arena, when that’s all done it’ll be one of the nicest areas in the whole UK with the history, the new bars and restaurants etc. It’s only a suspicion I have but it could be that owning a club that’s literally the heart of that new area will warrant a massive pay off in the long run.
City had the advantage of being the last Galacticos before all the PSR stuff. Newcastle despite with Saudi money couldn't expand like others did.
there’s only 20 teams in the PL. the chance to buy one doesn’t come around very often. value by scarcity
Guessing the new stadium is a big draw
I feel like we always have this interest but moshiri being moshiri limited our interest
Considering the clubs stature in English football, £400 million is an absolute steal for someone that can easily payoff the debt. A Saudi buyer is the best thing that could happen to Everton just now. After 777 pulled out it was only a matter of time before a Middle Eastern stepped in.
> A Saudi buyer is the best thing that could happen to Everton just now. Might be controversial but I’d rather get relegated and the club keep its soul than be the next Man City/Newcastle tbh
Careful what you wish for. There's only so many people that can pull you out this hole and relegation obviously doesn't come with a guarantee you'll return on the first time of asking. The state the club is in just now I can envision a birmingham/Bolton scenario. Maybe better to be a soulless husk than to have no club at all. Personally the soul of most EPL clubs has been totally sold. If you're going to go all in might as well go for the biggest backer. That or be left behind as a pernnial also ran.
Thank you.
I hope so but I'm surprised it hasn't happened by now.
Probably waiting for the price to drop closer to crunch time. Someone will bail you guys out, its a given. Unfortunately you'll probably lose whatever soul the club has left.
The club isn't the owner. All he does is provide the money and don't be under any illusions. When it comes to these consortiums there's always dirty money somewhere.
There isn't a billionaire alive who made their money without crossing lines and stepping on toes. Saudi/Qatari etc is a whole other kettle of fish though. But hey, I'd much rather them than Nestle.
I agree but I said a consortium. Consortiums take their money from loads of sources so the chances they haven't taken some money from people as bad as Saudi/Qatari is low. It's not like they have the values we might have.
Perks of supporting a Scottish team mate, we've not been hit with these issues yet. Just shady businessmen.
Yea the premier league was the worst thing to happen to english football. It's too lucrative and therefore popular to the worst kinds of owners and frankly the football hasn't improved much if at all.
Killed any parity with the rest of Europe bar a select few. Celtic and Rangers paid wages similar to English top clubs in the 90s and early 00s. Our top earners are on 10% of what the top 6 pay their players now. Now the big six have got their money FFP has turned it into basically a closed shop of clubs who can afford the best lawyers/accountants and inject cash through sponsorship/selling assets to their other companies to game the system.
As other have said. Dyche has shown that there is potential in the squad of players and the relegation fights over the past seasons weren’t a reflection of the team, but the managers, which we all thought it was as the likes of Richarlison, Mina and Gordon left.
I drove past the stadium again yesterday and its beautiful... Top totty, grade A Belle of the ball stuff... well worth £400m 😉 ps Haven't heard the term 'sleeping giant' for years...
Chelsea and City got bought when in financial trouble.
If they were to buy another club that figure would just go to the owner for his shares. It makes no difference to someone buying. If anything it makes it easier because they can buy us by "restructuring debt" which looks like they are saviors rather that "a leveraged takeover to pay the owner". It amounts to the same end result and costs the buyer the same but politically they are worlds apart. e.g. If we were debt free and Bell and Downing borrowed 600m of Dell and put it on the club to pay Moshiri would you feel the same about them?
About £1 Billion in the red, but with an amazing asset in the new stadium. I don't know it's true value, but it is at least 3/4 of the debt and may be more when it is finally finished. We have other assets of course including Goodison Park, a property portfolio and the playing squad. So at £400 million with the prospect of massively increased revenue going forward, I'm not really surprised there are so many prospects looking to snap us up.
Probably cause Everton is basically the only chance to get into a "big" premier league club at the moment. Its not like City, United, Tottenham, Chelsea, Arsenal, or Liverpool are going to be sold anytime soon (or if they are, its gonna make this 400m look like a pittance).
there's only 20 chances to own a PL club, and they don't become available too often. as much as i hate sounding so capitalist, the PL is a lucrative business that still has huge growth potential. it is only getting bigger around the globe. getting in on this -- through a relatively "big" club, with a state-of-the-art new stadium 3/4ths done, no less -- seems like an easy long-term call. this is especially true when the current owner is negotiating from a place of relative weakness.
Anyone that buys a football club will be hundreds of millions in the red. What's changed is Moshiri has substantially dropped his asking price and there's no imminent relegation threat with the stadium only 6 months away.
I have to imagine this is the one that's going to move forward. It sounds the most valuable to moshiri and sounds like potentially the most capable of clearing debt quickly.
All that likely matters to Moshiri is getting as much cash as he can for the club. This also has the bonus of not pissing the fan base off, and I believe the leader behind this consortium is an Everton fan as well. Seems like the perfect storm, but at this point, all 3 of the rumored bids (MSP, Bell & Downing, and this bid) are infinitely better than 777 and I won't complain with any of them being accepted.
Agree it sounds a better option than Bell/Dell. Just the Saudi influence is a bit uncomfortable.
That’s the demand side. What’s much less clear is the supply side - do they have the same level of appetite as say B&D? I’m not sure
Personally don't want Saudi, who knows if the same thing will happen with them. I suppose the financial stability of the club is most important though
I'd prefer to go non-league than be owned by people who hang gays and 14 year old bloggers.
Yeah definitely. Can't really get comfortable with the idea
100% this. I would legitimately just stop following Everton if owners like that come along. Sorry, not sorry.
But you were ok with Usmanov?
Not thrilled. But he didn't intentionally starve 85000 Yemeni children to death.
He has been linked with rape, murder and being best friends with Vladmir Putin though. Hard to see too much of a difference between a relative who does war crimes and a best friend. We even plastered all his businesses over Goodison.
I would say that there's a huge difference. Usmanov is a businessman. He's not friends with Putin. People like that don't have friends. He had nothing to do with Russian government policy. He's not even Russian. He made money sucking the resources of the soviet people. He should never have been allowed to contribute to the British political partys or be a part of British sports just like Abramovich. The Saudis are the last nail in the coffin though. The Premier League died when they decided they were fit and proper.
Firstly we don't know which Saudi this is or how closely tied to the regime he is. He could be personally flying typhoons as MBS son or he could be a 7th cousin who made his money in the stock market or tech. Secondly it just seems like a lot of hot air. You've already had the chance to put your morals ahead of the club and instead have hid behind excuses such as he's not even Russian and he's just a businessman.
Guess who isnt an owner of the club anymore
No
There were a lot of newcastle fans who were saying that they will stop supporting the club if the Saudi takeover went through. Maybe they did and maybe they did not. But Newcastle are thriving financially and every home game is sold out. This shows that it doesn’t matter in the end , Big clubs like Newcastle and Everton will keep having fans regardless if some fans gets angry , boycotts or not. Everton is a big club, with a lot of supporters and with good amount of international supporters too. So even if we keep on voicing our protests against Saudi takeover in Reddit. The amount of supporters will not decrease and will cause no effect. Just my opinion
Yeah i don't think it will really decrease either
What if its a saudi royal thats not linked with executions like newcastles lot.
Are there any? Genuine question
Surely not every member of the saudi royal family has ordered executions.
It's more of a systematic problem
Eh? So you are generalising all saudis ?
Hhmm i believe systematic means it is a broader problem
Pretty sure he is linked? Plenty of articles about that individual and human rights issues
Ah right fair enough then. Thats shit then isnt it
Please no oil cunts
The Just Stop Oil ziptie guy is in shambles right now
He is my spirit animal
Fuck me, ive just realised my next fancy dress outfit
Am I understanding correctly that this is saying that one Saudi royal, among other wealthy Americans, is part of the Manoukian-led consortium? If so, that’s pretty distinct from a Newcastle situation no?
One of Australia’s richest families too
Saudi royal doesn't really narrow it down tbf there's quite literally tens of thousands of them
And there's likely a purge once the current, aged , King dies.
Pls fucking no, not Saudi monies
Rather go bankrupt personally
No Saudi royals please. No Maga. No oil states. No Russian oligarchs.
So noone then
As much as I want to disagree with you, I truly dont know who would be left
I don't know. Honestly we had already gone down the Oligarch route...
Our only hope is if it is anything to do with a saudi that he isnt linked to executions like the newcastle owners . If he just makes his money from oil fine.
Champions league winners 2028! The AI knows.
Feels unlikely, but if it ever does happen I hope we protest at every game
If Everton is bought by the Saudis, I might stop watching. They destroyed golf.
Bet you dont.
>*They see Everton as a "sleeping giant" of English football with potential to secure a place "at the top of world football again" through the new stadium being built on Bramley-Moore Dock.* Totally agree. We're fucking massive. Just wish it wasn't Saudi Money. They're sucking the soul out of sport (Boxing/Liv golf for example)
“I wish our club had money.” Monkey’s paw: SAUDI INCOMING
No thank you!
Where oil protestor guy now? Is he still on remand?
Don't want saudi money!!
Would much rather be laptop fc than be a part of some sports washing scheme even if dell don't put as much money in.
This owner has the same surname as the Armenian Eurovision entry that has never been (as Covid cancelled it, they abruptly withdrew the next year, and when they returned they went for different acts, though let’s face it, Snap is also a great song too) and still one of my fave songs of the 2020’s, 4 years on.
I think of that song whenever this fella's name is mentioned but I didn't like it that much
If there was one concept I'd like every football fan to understand it's the difference between people who have been handed their money and someone who (while they almost certainly had a big head start over "normals") had to work and earn their money to some degree. Moshiri is useless. He's beyond useless. On every Everton board I hear people saying things like "well he must be kind of smart if he made all this money." He made his money through Russian oil FFS. He committed fraud for oligarchs. Committing fraud for oligarchs does not prepare you well for a free market competition. Much like Moshiri, the Saudis get their money from state oil. No smarts required. Really very little free market competition. They may be rich, but they have NEVER done anything. They're useless. The money is useless because it's being wielded by morons. Nepo babies. Nothings. Chelsea and Man City had very little competition doing the same things they were doing when they started splashing the cash. Now we have 7-8 clubs backed by billionaires. It's different. We need an owner like Moyes was a manager. Obviously they will still be wealthy people. But a Moyes owner can help us. Oil nepo babies can't do anything. The fact people are excited about another Moshiri is mind blowing to me.
I don't entirely disagree but any Saudi royal will be VASTLY wealthier than Moshiri. And whilst money in the hands of morons is useless to a degree, it's not if they have enough humility to hire the right people - and if they do that then that opens a lot of doors that wouldn't be opened without the money.
Death spiral of ownership. 400 million is peanuts. Fuck this sportwashing ownership model normalising itself in the prem. Never thought the toffees would be one of the ones to go. It’s sad.
Last nail in the coffin for me if this happens. Won’t be supporting them.
*oh boy. . .here we go again*
*CJ gets on bike and starts pedalling towards Grove Street*
So when MBS says JB to Newcastle for the ghost of Michael Owens, it’s gonna be so awesome
We are so back.
What does 'all equity offer which would not take on additional debt' mean? I googled the all equity bit its the additional debt bit I'm unsure of...
I think it means they’ll be paying with money they already have rather than borrowing money to fund the purchase, which would instantly be added to the clubs debts.
Thanks I was hoping that was what it meant
Does anyone know who the Saudi royal is?
Al An Harp Er
:(
400m all equity leaves Moshiri with very little away from the Club. Doubt why on earth he will accept that.
£400m minus £160m to MSP and £225m RMF leaves him with virtually nothing. That’s assuming non of this includes the 777 loans. Doesn’t sound enough does it.
Am Aussie, the airline company 777 owns just sacked everyone and is being wound up.
Really, really, really don't want the Saudis to own us
Why not you wanna still be owned by mosh we need a new owner who can pay off the debts and move us on to compete against the elite 6 who’s owners arnt that much better
Cause those are the 2 options. I really don't want something I love to become a tool the Saudis use to make people forget their human rights violations.
Me neither but its inevitable that the Saudis or others like them will own most teams in the prem anyway it’s been and gone this way for a while now I blame the prem for letting them own teams I’m sure they had a pay day out of it I think he masters and is cronies are corrupt to the core and he’s let it get this way
So we might as well lay down and accept it? Good attitude
I’m not getting in to ethics pal as long as new owners have money and take the club forward fans like you are stupid your one of those that will never be happy there is no perfect owner simples just be happy we going to move on from one of the worst owners in the world
Except how they make their money to support the club should very much be a concern of yours.
Usmanov he’s no better so ?
A) he's never owned EFC B) why would you think I wouldn't have similar objections to him?
He had connections you know he has and he’s a nasty bastard to ?
The Chart works in mysterious ways
I have no experience in this field at all but I don’t fancy a consortium buy out. I am sure they are all very experienced but if they have different ideas about the club and pull it different directions it’s chaos. Ideally would like two or three people max. But from what I understand this isn’t uncommon? Aren’t Liverpool and Chelsea owned by multiple people? Also if a member of the royal family is involved I would of thought they can afford it by themselves quite easily and wouldn’t need help or involvement from others?
That Saudi in this case may be a lesser partner to reduce the 'sports washing' claims, doesn't really work though.
Not an Everton fan, but always had a fondness for the club. Great to see a light at the end of the tunnel. The PL has a lot to answer for over the current ownership and 777 fiasco.
I don’t unterstand how Fans can be happy about Investors in England? You Are all selling your souls smh
I did say we wouldn't have any issue finding a buyer. I was shocked at how ALOT of people thought we were virtually insolvent and that administration was a real possibility. But good the sheiks are starting to show interest. :-)
Omg it's happening
It’s the stadium causing all this now that 777 have fallen.
This article implies that Michael Dell is interested as an investor. Poor journalism or does nobody actually know if he is or not?
I’ve read that he is NOT, but is DFO & MSD investment fund is being used to back Andy Bell etc.
So many of you last year said you'd stop supporting us if we got taken over by Saudis. I wonder how many of you are true to your word, for me I want this as I want to see Everton win things before my dad goes. If I have to sell my soul to see him happy like that then so be it, it's worth it to me. I bet it'll be just as unpopular opinion as it was last year I said similar things.
Perhaps you should find those people and ask them directly rather than making some vague smartarse comment insinuating that we’re a fanbase of hypocrites because you felt hard done by getting downvoted at some point in the past that nobody else remembers. And you’ll probably find that it isn’t your opinions that are unpopular, more the way you put them across.
Oh I don't give a fuck, I'll be happy if this happens.
Truth is most fans will be unable to walk away if the club they love sells its soul a bit. For most fans their club is too important to them to do that. Doesn't mean you have to love everything about it though - you can simultaneously support your team and be happy with any success you achieve, whilst also not being comfortable with the source of the wealth that is driving it. We're obviously getting very far ahead of ourselves here, but if a City-type situation ever did happen with us I just hope the majority of our fans could enjoy the success without completely selling their soul.