Everton Thread - 2023/24

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HelloCity said:
www.theguardian.com

Everton call in insolvency advisers amid fresh doubt over 777 takeover

Everton have called in a firm of restructuring and insolvency advisers, the Guardian understands, raising further questions about the proposed takeover by 777 Partners
www.theguardian.com www.theguardian.com
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This is what annoys me about the current & proposed system of financial regulation. The PL/UEFA have been far more concerned about the bottom line of 3 year old accounts, rather than really serious financial scenarios like this.

Everton's situation re taking on unsustainable levels of debt and its struggle to raise operating cash are what may force them into administration, not their bottom line losses. This proves that PSR & FFP are total failures.
 
Everton have played a blinder against their points deduction.
If they go into administration it just confirms this.
Next season could be another season of charges against them again.
Terrible run club,even worse than us in the past.
 
Vienna_70 said:
Congratulations to everyone at Everton on securing your Premier League status.
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Just before they go into administration...

On the serious side they remind me of us before our big takeover. I hope they find a buyer.

On the plus side they will sell Pickford to Chelsea for £200 million which may pay the bills.
 
Prestwich_Blue said:
This is what annoys me about the current & proposed system of financial regulation. The PL/UEFA have been far more concerned about the bottom line of 3 year old accounts, rather than really serious financial scenarios like this.

Everton's situation re taking on unsustainable levels of debt and its struggle to raise operating cash are what may force them into administration, not their bottom line losses. This proves that PSR & FFP are total failures.
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Agree, ffp could very easily have had a rule around amount of debt. The number 1 issues with clubs that go under is excessive debt.
bennyboy said:
Terrible run club,even worse than us in the past.
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Yes. But as of right now they are managing the situation well. It just goes to show how much damage bad owners can do in a small amount of time. Because of the ffp rules Everton are now locked in to their shit financial situation.
 
Highlights EPL's owner test for what it is. Still haven't made a decision on 777.

777 controlled by a convicted cocaine dealer who got probation because he is a nepo baby. US pension funds ordering insurers that they have put money into to step away from 777.

777 modus operandi is 'small' bets on long shots. Traders pure and simple.

Poor old toffees.
 
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At-Swim-Two-Birds said:
Highlights EPL's owner test for what it is. Still haven't made a decision on 777.

777 controlled by a convicted cocaine dealer who got probation because he is a nepo baby. US pension funds ordering insurers that they have put money into to step away from 777.

777 modus operandi is 'small' bets on long shots. Traders pure and simple.

Poor old toffees.
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What is a nepo baby?
 
What are the odds this lot go into administration the week after the season ends? 777 Partners clearly don’t have the money, they aren’t even paying their bills.

Then Burnley will sue the PL because Everton should have had a 12 point penalty…
 
domalino said:
What are the odds this lot go into administration the week after the season ends? 777 Partners clearly don’t have the money, they aren’t even paying their bills.

Then Burnley will sue the PL because Everton should have had a 12 point penalty…
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And it’s all going to end up in a right bloody mess.
 
domalino said:
What are the odds this lot go into administration the week after the season ends? 777 Partners clearly don’t have the money, they aren’t even paying their bills.

Then Burnley will sue the PL because Everton should have had a 12 point penalty…
Click to expand...

Isn't it 9 points? Everton have a 12 point lead over Burnley with games against Luton and Sheffield United, so they should be OK. Hopefully it will give them something to play for in their last game against Arsenal, though.

Funny, nevertheless. Can you imagine if they get this deduction but only stay up because of a reduction in their other penalty on appeal. Scenes :)
 
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