What's MSPs play here?
They are going to lose very large amounts of money and end up with the keys to an empty stadium.
Josimar report they missed the promised recent cash injection to us.
The original story is Bloomberg and they have a clear source at the firm approached. Everton had meetings with at least two of the Big 4 last week.
As a minimum the club needs to find away to restructure existing debt to buy more time for a takeover. I cannot see any way 777 get across the line now so to avoid administration at some point in the coming months we need a new, better resourced, buyer. Not impossible but not comfortable either.
As a fanbase we need to stop burying our heads in the sand about the scale of our financial mess. We are on a cliff edge.
https://www.theguardian.com/football/2024/apr/30/everton-call-in-insolvency-restructuring-advisers-777-takeover-doubt?CMP=Share_AndroidApp_Other
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