Maybe it will, maybe it won't, right now I'm not going to worry about hypotheticals and just enjoying watching us for the first time in several years.
Jarrad Branthwaite
Re: Jarrad Branthwaite
Maybe it will, maybe it won't, right now I'm not going to worry about hypotheticals and just enjoying watching us for the first time in several years.
Re: Jarrad Branthwaite
I’m not going to worry about it either, I was just responding to “not a chance” he will go in January.
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sam of the south
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sam of the south
- Posts: 1863
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Re: Jarrad Branthwaite
Deffo a possibility, but I’d rather bury my head in the sand and enjoy this good period
Re: Jarrad Branthwaite
Nah, Southgate knows it's his last tournament and he already knows the squad for the Euros. It's why Phillips, Henderson and Maguire are in the squad no matter what whereas the likes of JWP, Sterling or Konsa can be playing great and not get a call up.
Jarrad Branthwaite won't be going to the Euros no matter how well he plays.
Jarrad Branthwaite won't be going to the Euros no matter how well he plays.
Re: Jarrad Branthwaite
777 haven't loaned us £100m. They'd provided £20m of working capital and last I heard there were conversations about a second £20m injection.
And we don't lose £20m a month. Our total annual losses last year were "only" £45m.
Absolutely wild figures you're throwing around there
And we don't lose £20m a month. Our total annual losses last year were "only" £45m.
Absolutely wild figures you're throwing around there
Re: Jarrad Branthwaite
Not sure who mentioned the £100m pumped in and losing £20m a month on here, but this is what I also heard on Talksport yesterday.
I didn't really pay it too much attention but presumed the £20m a month was stadium related costs?
I didn't really pay it too much attention but presumed the £20m a month was stadium related costs?
Re: Jarrad Branthwaite
It was @Escla , thought it was mad that he'd just plucked those figures out of nowhere.
So it was talk sport? In that case, you can summarily ignore everything they ever say about Everton
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777Kidnappings
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Re: Jarrad Branthwaite
I've seen the 20m a month thing before. Seems like a mad number. All reports seem to suggest 777 are struggling to get the funding to buy the club... how then would they ever be able to find another quarter of a billion a year to stop us going bust? Can't see that number being right. If it was the club would be worth nowt
Re: Jarrad Branthwaite
It likely costs £20m a month in terms of running costs.
But we're not *losing* £20m a month.
Edit
And, to be fair to @Escla , he said "burn", not lose. So I've utterly misread his meaning I suspect. Sorry man.
But we're not *losing* £20m a month.
Edit
And, to be fair to @Escla , he said "burn", not lose. So I've utterly misread his meaning I suspect. Sorry man.
Re: Jarrad Branthwaite
From yesterdays The Times, and I didn’t say anything about Everton losing £20 mil a month, I said they burn I.e consume, have operating costs of £20 mil a monthsuperpull wrote: ↑Sat Dec 09, 2023 7:28 pm 777 haven't loaned us £100m. They'd provided £20m of working capital and last I heard there were conversations about a second £20m injection.
And we don't lose £20m a month. Our total annual losses last year were "only" £45m.
Absolutely wild figures you're throwing around there
Prospective buyers loan Everton £100m – but lifeline could end next month
Prospective buyers have indicated they are not prepared to continue supporting club with £100m-plus loans unless deal to buy is completed within next seven weeks
Martyn Ziegler, Matt Lawton and Paul Joyce
The American company which is trying to take over Everton has loaned more than £100 million to the club while seeking approval for the deal.
777 Partners is hoping to receive approval by the Premier League and the Financial Conduct Authority before the end of December, and has indicated it is not prepared to continue supporting Everton with loans beyond January. The costs of running the club are about £20 million a month more than the regular income.
Steven Pasko, third from left, and Josh Wander, fourth from left, of 777 Partners, at Goodison Park in September
PA
The loans are unsecured which means that if the takeover fails to go through, 777 Partners would be at the end of the queue when it comes to Everton settling their debts, should the club go into administration.
That is seen as a concern if the Premier League refuses to approve the takeover, given that the club are in a poor financial position and there are no other parties seeking to take it over.
Sources close to 777 admit the
size of the unsecured loan is a risk but say it is also a demonstration of good faith and commitment to the club. The New York Times has reported that 777 borrows money from A-Cap, an insurance and investment business, that has provided funding at an interest rate of 20 per cent.
The total takeover sum is likely to be more than £500 million, including taking over debts, but 777’s proposal is heavily incentivised around Everton remaining in the Premier League — the points deduction for breaching the league’s financial rules will also be taken into account.
777 would look to refinance the estimated £300 million owed by Everton to two companies — Rights & Media Funding and MSP Capital — and to refinance the debt related to the construction of their new stadium at Bramley Moore Dock.
There is still some uncertainty around the takeover because the Premier League wants guarantees of financial commitment. There have been issues around late payments involving 777’s other sporting interests. The Times reported last month
that late payments from 777 put the British Basketball League (BBL), which it co-owns, at risk of “immediate administration”. Vasco da Gama, the Brazilian club owned by 777, was hit with a Fifa transfer ban for late payments.
There were reports last week that the US Department of Justice is investigating 777 but that has been denied by the company.
Meanwhile, the government will want assurances that none of the money from a takeover can end up with Alisher Usmanov, the former business partner of Everton’s majority owner, Farhad Moshiri.
Usmanov was sanctioned after Russia’s invasion of Ukraine last year. The Guardian reported in September that Moshiri has received more than £400 million from Usmanov’s companies and a spokesman for the Uzbek-Russian billionaire told the newspaper: “Mr Moshiri and his companies are indeed indebted to Mr Usmanov and entities affiliated with him. We hope that the debt will be repaid after Mr Moshiri closes the sale of Everton club.”
777 sources said no formal links to Usmanov, that would jeopardise a takeover, had been uncovered by its due diligence process. The company has had independent legal advice on the issue and has sought assurances from Everton.
As the owners of regulated US-based insurance businesses, 777 could not have any connection to individuals sanctioned by the US State Department.
Re: Jarrad Branthwaite
Those figures can't be right, are they saying our running costs are £240m a year more than our income?
Re: Jarrad Branthwaite
Maybe it’s true, maybe it isn’t right now I'm not going to worry about hypotheticals and just enjoying watching us for the first time in several years.