Everton going bust?

£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.
 
I can't see 777 being approved to take over, it's gone on too long now. The amount of debt involved makes it hard to see anyone taking over. They make a much cheaper proposition if they go into administration.
 
As above, they are stuck between a rock and a hard place. 777 have lent them a huge amount of money which they now have as leverage, but from the outside it would seem the takeover won’t go ahead.
 
Mysonpat. said:
Ramber being loads of trouble between them and Boro lads in the late 80s and lots of slashing...hated them ever since...
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Me too mate...
I was in the thick of it mate got slashed across the face...
A big group of them with stanley knives....
Bad times
...on.a side note my stone island top acted like armour.
When I say In the thick of it...we were just walking to the game as young lads...
 
Smog On The Medway said:
I can't see 777 being approved to take over, it's gone on too long now. The amount of debt involved makes it hard to see anyone taking over. They make a much cheaper proposition if they go into administration.
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If they go into administration do they not get instantly relegated? Or are rules different in the Premier League?
 
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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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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