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    Decent article (possible iceberg)

    Posted by JJ on 20/2/2024, 14:07:37

    Administration this season?https://theesk.org/2024/02/09/evertons-debt-position-the-ownership-alternatives/

      Re: Decent article (possible iceberg)

      Posted by Toddingtonsteve on 20/2/2024, 15:39:28, in reply to "Decent article (possible iceberg)"

      An interesting article. Was speaking to a couple of Everton fans before the cup game and suggested that administration might be the best solution for the club. They were initially totally against it, but they had no idea about parachute payments and the soft landing it provides. Id be pretty confident Everton would do a Leicester in the Championship and promotion would change the whole feeling around the club, rather than clinging on in the Prem.

        Re: Decent article (possible iceberg)

        Posted by Music Critic on 20/2/2024, 16:23:05, in reply to "Re: Decent article (possible iceberg)"

        Trouble is if they go into admin, wouldn't the parachute payments just get eaten up by what they owe to footballing creditors? Those debts have to be paid up 100%, I believe, otherwise it's possible liquidation

        I agree that admin seems their best option but, even then, I don't think it's an 'easy'* solution in their case





        *not that it's easy for many clubs but Derby seem to have recovered pretty quickly thanks to HMRC caving in

          Re: Decent article (possible iceberg)

          Posted by Madpig on 20/2/2024, 15:45:09, in reply to "Re: Decent article (possible iceberg)"

          It's all down to 777 being deemed fit and proper. Without that it's a toughie.

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