End of Moshiri - Friedkin, APPROVAL AGREED

[brap2]

Starting to worry that I can't see a way out now.

We seem absolutely committed to the 777 course, but there's no way they can meet those conditions, so how long does this rumble on for?

The level of debt at the club at the moment is debilitating, and is growing every month. We almost certainly will fail next year's PSR as well at this rate.

If we don't get a resolution soon I think we are probably looking at worst case scenario territory sometime very very soon.

[TheRam]

I’m assuming there’s others in the background waiting to step in.

If 777 take us over then at least they’ve showed they have the funds and my hope is a quick sale once we’re in the ground and it’s paid off. Plus £300m worth of debt will be cleared

If they don’t show they have funds, then the funding will cease and we’re in a bit of limbo unless another deal is quickly lined up.

Mad how our supposed billionaire owner doesn’t even have the funds to keep the lights on.

Why can’t he even find credible investors?

[4evablu]

I dont understand why people just instantly believe all these "press reports" regarding anything everton.
Who is this jossimar who can get hold of private and confidential mail/information when no one else can ?
Whatever is going to happen will happen wittling about it and reading everything made up about it when it's just tomorrows chip paper is a waste of energy..

[brap2]

I’m assuming there’s others in the background waiting to step in.

If 777 take us over then at least they’ve showed they have the funds and my hope is a quick sale once we’re in the ground and it’s paid off. Plus £300m worth of debt will be cleared

If they don’t show they have funds, then the funding will cease and we’re in a bit of limbo unless another deal is quickly lined up.

Mad how our supposed billionaire owner doesn’t even have the funds to keep the lights on.

Why can’t he even find credible investors?

They've been asked to show this funding since the very beginning is the issue, we're no closer. The prem saying - we're minded to approve as long as they can show us this stuff...

That's what they should have been showing over the last six months! They can't show it, they haven't got it, we know it, prem knows it, 777 knows it, Moshiri knows it, yet we're still sat here.

That's the other option, that moshiri turns benevolent and puts another £500m in to write off or consolidate debts, free from FFP/PSR owners can do that, like he did at the start of his tenure.

Doesn't feel like that is happening either.

[brap2]

I dont understand why people just instantly believe all these "press reports" regarding anything everton.
Who is this jossimar who can get hold of private and confidential mail/information when no one else can ?
Whatever is going to happen will happen wittling about it and reading everything made up about it when it's just tomorrows chip paper is a waste of energy..

Good shout actually, everything is probably fine!

On for 7th next year I reckon then push on from there. Wonder if we can buy Osimhen, he might fancy the prem?

[TheRam]

I dont understand why people just instantly believe all these "press reports" regarding anything everton.
Who is this jossimar who can get hold of private and confidential mail/information when no one else can ?
Whatever is going to happen will happen wittling about it and reading everything made up about it when it's just tomorrows chip paper is a waste of energy..

It’s called good journalism.

Phillipe auclair is a very good journalist who has spent a lot of his career rallying against all the dodgy ongoings in football.

He’s putting this stuff out there because he cares about the game and keeping bad people out of it.

All the information is out there regarding these jokers.

It’s worth worrying about because the future of the club is at stake.

[brap2]

It’s called good journalism.

Phillipe auclair is a very good journalist who has spent a lot of his career rallying against all the dodgy ongoings in football.

He’s putting this stuff out there because he cares about the game and keeping bad people out of it.

All the information is out there regarding these jokers.

It’s worth worrying about because the future of the club is at stake.

Is that a no on Osimhen

[Evertonian in NC]

Sometimes, it helps to be so confused that it overwhelms one's capacity to worry.

[Toddacelli]

Starting to worry that I can't see a way out now.

We seem absolutely committed to the 777 course, but there's no way they can meet those conditions, so how long does this rumble on for?

The level of debt at the club at the moment is debilitating, and is growing every month. We almost certainly will fail next year's PSR as well at this rate.

If we don't get a resolution soon I think we are probably looking at worst case scenario territory sometime very very soon.

So if this goes to tits, as expected, and we don’t have another buyer get any further forward, will this affect our ability to meet PSR?
And
Is that likely to be taken into consideration?

[AjaxAndy]

So if this goes to tits, as expected, and we don’t have another buyer get any further forward, will this affect our ability to meet PSR?
And
Is that likely to be taken into consideration?

I can't see it impacting PSR unless we'd fall foul purely on loan repayments that a new owner would have paid off.

And they wouldn't all be coming out in one go anyway, and we'd breach regardless if it's this season as we'll have already paid out for them.

I personally don't see how a new owner or not impacts PSR as that's purely on what we spend Vs what we bring in, and we've already spent what we've spent regardless.

[4evablu]

Good shout actually, everything is probably fine!

On for 7th next year I reckon then push on from there. Wonder if we can buy Osimhen, he might fancy the prem?

WHO SAID IT'S FINE ?....more hacks on twitter ?

[4evablu]

It’s called good journalism.

Phillipe auclair is a very good journalist who has spent a lot of his career rallying against all the dodgy ongoings in football.

He’s putting this stuff out there because he cares about the game and keeping bad people out of it.

All the information is out there regarding these jokers.

It’s worth worrying about because the future of the club is at stake.

So no one actually knows whats in the letter though ? and good journalism isn't just assuming something based on newspaper reports elsewhere..

and what exactly can worrying do about it ?

HONESTLY I DO GET IT...been a blue for 60 years...but worrying about something that i cannot influence or may not even happen is.....well y'know

[MayorFarnham]

I can't see it impacting PSR unless we'd fall foul purely on loan repayments that a new owner would have paid off.

And they wouldn't all be coming out in one go anyway, and we'd breach regardless if it's this season as we'll have already paid out for them.

I personally don't see how a new owner or not impacts PSR as that's purely on what we spend Vs what we bring in, and we've already spent what we've spent regardless.

We have commitments to contracts worth hundreds of thousands of pounds a week. They will impact PSR for years to come.

[Cereal Killer]

I can't see it impacting PSR unless we'd fall foul purely on loan repayments that a new owner would have paid off.

And they wouldn't all be coming out in one go anyway, and we'd breach regardless if it's this season as we'll have already paid out for them.

I personally don't see how a new owner or not impacts PSR as that's purely on what we spend Vs what we bring in, and we've already spent what we've spent regardless.

The PSR losses are only £5m a season if the owner isn’t putting funds in, so instead of £105m over 3 year period we’d be looking at £75m losses for the next season (35+35+5) and then £45m season after that

So we’d be royally fucked

Maybe we’re already at 75m for the period as Moshiri hasn’t been converting any equity lately, so 45m next season

[AjaxAndy]

The PSR losses are only £5m a season if the owner isn’t putting funds in, so instead of £105m over 3 year period we’d be looking at £75m losses for the next season (35+35+5) and then £45m season after that

So we’d be royally fucked

Maybe we’re already at 75m for the period as Moshiri hasn’t been converting any equity lately, so 45m next season

Ah yes good point!