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The Everton takeover saga........................
Posted by icancyu on 22/3/2024, 16:46:34
..............So, here we are, 8 months in and still no approval or refusal of the bid by the 777 cosortium................Bizarre to say the least.... So why is it so important. Well, currently day to day running costs are being met by the prospective new owners, the 777 consortium, including £450,000 a week in interest payments......... Without those payments, their 'business' is insolvent ?........... Should their bid fail, the next step, in the absence of an angel investor is administration and the accompanying immediate 9 point penalty which, coupled with the expected additional points penalties for financial breeches would almost certainly condemn EFC to relegation................ But only if, as it should be, those penalties are handed down for this season..............The longer this goes on though.......!!! Hmmmmmmmm..
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