Takeover

[Lurker#3]

Id settle for being run like we were under Baldylocks self sustaining but with an owner who can and is prepared to put some money in when its needed and with a clear vision as how to grow the club in the longterm ,surely this is not to much to wish for.

We weren’t self sustaining, we relied completely on Prem TV money.

I think by “self sustaining” meant without having to inject debt or equity. Prem TV money is ordinary revenue

Exactly. We always planned for our fall from the Orem and the subsequent loss of Prem money/parachute payments. 

We only moved away from that in Peace's last season when he knew the sale was going through.

What was the plan once the parachute payments had run out? Our income stream wasn’t anywhere near enough to make us self sufficient over a sustained period. Our level of self sustainability would lead to relegation and playing kids and or journey men like the 90s.

We never gave out daft contracts, we had saleable assets, and had an academy primed to sustain us through a tricky transition if the worst was to happen. 

Fast forward a few years. We had an ageing squad on long deals. We over spent on fees. Our academy got stripped by the fishy lot because the hierarchy only cared about immediate and instant promotion to paper over the fuck up they had created. 

Peace/Jenkins, although it would have hurt them, would never have left us in the position we are in now financially.

[Babel]

Hope our new owners are thinking for the long haul.

[Kit Kat Chunky]

So if there isn't enough cashflow to pay the ongoing bills then what ?

The latest loan gives us the cash to pay the wages, but it's completely unsustainable.

Talking of lights, did you notice how many floodlights were out yesterday? We haven't spent a penny in maintaining the ground in years.

[CaptainFantastico]

It was unsustainable. Barring a totally unforeseen disaster, it isn’t now.

[Psalm23]

For fans like me that didn't realise how complex these transactions can be, here's a snippet from the Athletic on what's happening at Everton whose sale was agreed on September 15th. 

"When Farhad Moshiri announced he had agreed to sell his 94.1 per cent stake in Everton to 777 Partners on September 15, it was hoped the deal would be wrapped up by Christmas, with the Florida-based investment firm properly in charge in time for the winter transfer window.

The club’s official statement said the “closing of the transaction is expected in the fourth quarter of 2023” and the briefing was that regulatory approval from the Financial Conduct Authority, English Football Association (FA) and Premier League would take “10 to 12 weeks”.

So, what are we to make of the news that kicked off week 17 of this process when it was revealed on Monday that 777 has loaned the club another £40million ($51m), taking Everton’s total IOU to its prospective new custodians to £142m?"

[Faggits_n_Payse]

So if there isn't enough cashflow to pay the ongoing bills then what ?

The latest loan gives us the cash to pay the wages, but it's completely unsustainable.

Talking of lights, did you notice how many floodlights were out yesterday? We haven't spent a penny in maintaining the ground in years.

I have raised this with one of the ground staff who said he would pass the information on but it still hasn’t been dealt with .The pylon on the corner of Halfords lane and Birmingham Road had a partial failure against Preston last season and it has yet to be addressed .

[MrFizz]

So if there isn't enough cashflow to pay the ongoing bills then what ?

The latest loan gives us the cash to pay the wages, but it's completely unsustainable.

Talking of lights, did you notice how many floodlights were out yesterday? We haven't spent a penny in maintaining the ground in years.

I have raised this with one of the ground staff who said he would pass the information on but it still hasn’t been dealt with .The pylon on the corner of Halfords lane and Birmingham Road had a partial failure against Preston last season and it has yet to be addressed .

All part of King Carlos' Grand Plan. Play in the dark, harder to mark. Taps nose.

[Pragmatist]

For fans like me that didn't realise how complex these transactions can be, here's a snippet from the Athletic on what's happening at Everton whose sale was agreed on September 15th. 

"When Farhad Moshiri announced he had agreed to sell his 94.1 per cent stake in Everton to 777 Partners on September 15, it was hoped the deal would be wrapped up by Christmas, with the Florida-based investment firm properly in charge in time for the winter transfer window.

The club’s official statement said the “closing of the transaction is expected in the fourth quarter of 2023” and the briefing was that regulatory approval from the Financial Conduct Authority, English Football Association (FA) and Premier League would take “10 to 12 weeks”.

So, what are we to make of the news that kicked off week 17 of this process when it was revealed on Monday that 777 has loaned the club another £40million ($51m), taking Everton’s total IOU to its prospective new custodians to £142m?"

There are serious questions about 777 as “fit and proper”.  That’s the cause of the delay on that deal.

[TartanRug]

So if there isn't enough cashflow to pay the ongoing bills then what ?

The latest loan gives us the cash to pay the wages, but it's completely unsustainable.

Talking of lights, did you notice how many floodlights were out yesterday? We haven't spent a penny in maintaining the ground in years.

In a few weeks we'll need another shine a light protest to get the games on

[Remi_Moses]

So if there isn't enough cashflow to pay the ongoing bills then what ?

The latest loan gives us the cash to pay the wages, but it's completely unsustainable.

Talking of lights, did you notice how many floodlights were out yesterday? We haven't spent a penny in maintaining the ground in years.

In a few weeks we'll need another shine a light protest to get the games on

FFS how can anyone say how much money we have in the bank or how long it will last.