Everton going bust?

Gains said:
£900 million in debt. 777 have loaned them £180million working capital which they'll want back if they don't get approved by the PL which is dragging on. First thing 777 will do if they get approved is re-mortgage the already noose like Bramley Moor Dock. Basically they're a basket case.
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I'm not sure they'll find a lender. As the article explains, another group of financiers already has £160m of loans secured against the stadium.
 
B_G said:
Well they got away with an 8 point deduction this season due to a good start. They'll struggle if they start the season with a 10 point deduction given they still can't spend can they? The teams coming up won't be as crap as the ones going down.
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I would agree with you, but it would give them another season of Premier League income at least. They’ll be looked after in that regard.
 
NYboro said:
They can't move in until it's finished and I thought the prime contractors went bust.
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I thought it was well underway?? I was expecting it to be season after next

edit:
2025-26 season

Everton to stay at Goodison Park next season and move to new home in 2025. Everton are to move into their new stadium at the start of the 2025-26 season, despite work on the project at Bramley Moore dock being scheduled to
 
They haven't been genuinely 'good' since 1988, certainly not with any consistency. It just shows you that nigh on 40 years of scurrying around in the top flight without troubling the scorers ain't all its cracked up to be.

I know people will say 'careful what you wish for' etc but I really think they need a relegation or two to sort themselves out. Even if they went entirely bust their Phoenix club would be back in the football league in minimal time.
 
atypical_boro said:
They haven't been genuinely 'good' since 1988, certainly not with any consistency. It just shows you that nigh on 40 years of scurrying around in the top flight without troubling the scorers ain't all its cracked up to be.

I know people will say 'careful what you wish for' etc but I really think they need a relegation or two to sort themselves out. Even if they went entirely bust their Phoenix club would be back in the football league in minimal time.
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Their phoenix club would be admitted straight into the Premier League, I am certain.
 
viv_andersons_nana said:
They will no doubt formally enter administration after June 30th, the new accounting year for the Premier League I think. Which would conveniently see any points deduction enforced next season and ensure they don’t go down in this one.

It stinks. All of it does.
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Everton are 11 points above the drop and the penalty for administration is 9 points in the Premier League.

If they were going to deliberately take the hit, they'd probably do it after the match on Friday if they got a result, as they'd still stay up.

I can't see any mention of there being a cut-off where the penalty carries over to next season if it doesn't relegate you, like there is in the EFL, but I may have missed it as it would seem a strange thing not to have.
 
Ian Bairds Ears said:
I have never liked Everton....
Stanley park slashings still remembered.
See ya scouse lads....
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When people mention this that's why I don't understand why they don't want them to be liquidated
If I had been - or knew anyone who had been - slashed by knife I'd Keegan style love it if they went out of existence
Capybara said:
I know. I don't want them to go out of existence; a couple of relegations would do.
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I don't dislike them , but also don't care if they go out of existence
 
777 the, soon to be new owners of Everton, do seem to have hit a vein of financial strife.. I didn't know they own Bonza Air who cancelled all flights in Australia today & their UK PR people not getting paid have withdrawn services.. money is tight it seems..

www.bbc.co.uk

Everton 777 takeover: Club receive further loan for day-to-day costs

Everton receive a delayed payment of £16m from prospective buyers 777 Partners for day-to-day operational costs, taking the amount loaned by the Miami-based investment fund to over £200m.
www.bbc.co.uk
 
1988 is a bit before my time, can somebody explain to me what happened? I've noticed a lot of our fans hate Everton, always wondered why
 
Morton94 said:
1988 is a bit before my time, can somebody explain to me what happened? I've noticed a lot of our fans hate Everton, always wondered why
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FA Cup 2nd replay - shocking weather, snowed all the way over the M62.
Got to Liverpool, walking towards Goodison, hoods up heads down (weather). Several Boro fans slashed with Stanley blades by Everton lads who sneaked up, did it then scarpered. I missed the 2nd half locked-up in the concrete bunker under Goodison, cost me £220 fine.
Some games mind, we took 5,500 to both at Everton and should have won at Ayresome.
 
Morton94 said:
1988 is a bit before my time, can somebody explain to me what happened? I've noticed a lot of our fans hate Everton, always wondered why
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To give a balanced view on what happened between Boro and Everton...Boro lads did go through and smash a few pubs up before the game (this was when football violence was very bad) lots of bother, this started a 10 year period of bad blood between them, as always normal supporters get caught up in it and Everton at times did not discriminate, slashed lots of innocent lads.

If you come across a book called Scally (Everton lad) written by Nicholls it's Crazy what went on..a Boro lad even drove a car into them as they left the train station one year..
 
Thanks for explaining! Glad I've been brought up in an era where hooliganism isn't the norm, that sounds horrific. Personally I hold no grudges towards Everton, although I do think it'd be funny seeing them in the championship, not out of business though
 
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