No council is buying a £500m stadium to put on a few gigs.
If administrators come in I wouldn’t be surprised to see them sell the stadium though, and Everton the enter a leaseback arrangement.
Would take a huge amount of debt off the books which may help in selling the club. Long term not the...
That was the MSP deal.
It was heavily backed by 2 super wealthy Everton fans and even they walked away.
Apparently has helped Everton in agreeing extensions to their debt with MSP though, otherwise they’d already be finished.
Can’t agree with that. Absolutely abject performance from most of the performance.
a lot is on Ange - but players are looking so piss poor that they have to take the brunt of the blame.
Most likely a sale and leaseback.
Not uncommon at all - but, given amortisation of infrastructure etc isn’t included in PSR calcs, then it would make sense if profits on sale proceeds of said assets were also excluded.
Surely the Premier can’t be that stupid?
I’m not surprised no other buyer has been found. You’d have to be a basket case to take them on.
Them building a £500m stadium was completely reckless, and an absolute gamble which didn’t pay off.
https://www.thesun.co.uk/sport/27336620/everton-administration-777-partners/
At risk of going into administration tomorrow morning if 777 can’t agreeement on extending a £158m loan from MSP.
Not exactly clear to me whether that extension approval is from the Premier Leavue, or MSP.
The...
There is a bit of a bloody difference between government concessions (benefits) to pensioners, most of whom have been tax payers and paid for those discounts for years in advance - and a private company giving a discount to an in demand event.
I have no concerns with government handouts. In...
By increasing the value of the club.
More equity, hopefully - brings growth, and success both on and off the pitch.
Made up numbers - but let’s say - they invest £1bn today for 25% of the club, with is worth £4bn
Their investment is used wisely and successfully. 10 years down the line the...
I disagree.
Why should somebody get a discount simply because of their age? They are utilising the same services etc.
As the club pointed out - the % of ‘senior citizens’ with concession tickets has risen 4 fold in the 5 years we’ve been in the new stadium.
It either becomes a burden on the...
It’s pretty much operating profit (£135m) which is the important figure.
The loss before tax includes depreciation and other non-football related expenses which don’t count towards PSR.
Manchester United done it last year - at the MCG in Melbourne, same time.
Bayern Munich were scheduled to do it the year before but it got cancelled at the last moment.
I think the Melbourne / Sydney games are timed as part of a festival of football promotion by the A-League and timing wise...
Odd one. Newcastle are also playing A-League All Stars 2 days later at Marvel, and Arsenal Women and playing A-League Women All Stars.
our ad says ‘capped off by’ the game against Newcastle. So could there be more still to come out?
Fly 24 hours and then play almost straight away?
probably going to wait until they’ve sold 100,000 tickets at $100 a go, and then spring the surprise that it’s the women’s team 😁
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