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duke63

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Everything posted by duke63

  1. Interesting to read the Everton owner's take on why he is selling. Sadly i think if we don't follow suit, eventually we will end up as a League One or League Two club.at best. Money talks in the end. Moshiri said in a statement: "The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago. "The days of an owner/benefactor are seemingly out of reach for most, and the biggest clubs are now typically owned by well-resourced private equity firms, specialist sports investors or state-backed companies and funds."
  2. Only in the vat on purchase. They should be taxed off the road if they are big polluters.
  3. This morning we even have a Government minister ( Mordaunt) berating Welsh parliament for setting a 20mph urban speed limit to protect people - not motorists or business but people walking about in their locality. If we set more 20mph limits maybe more will get off their arses and use their legs to go 1 mile down the road. People have been hoodwinked for too long by this government of populists who are actually killing the Country for the majority ( unless you are a multi millionaire and dont feel you should pay any tax).
  4. We need leaders and politicians who represent the people they are supposed to represent. Not representing big business, wealthy individuals, campaign groups. Britain is falling to pieces but people appear to blind to see that. Try travelling abroad a bit and you will soon see how far behind we are starting to look - Health service collapsing so the Government can promote private heathcare companies, no police service to protect the public, HMRC on the verge of collapse, schools, courts and hospitals falling apart because they were built for short term profit and not longevity, an obsession with house building at any cost (many of which will likely be falling part in 30 years time having seen at first hand how poorly they are built), roads with too much traffic and road surfaces in need of billions of £s to bring them up to standard, again no police on the roads so poor driving is becoming the norm. I could go on but all we hear from politicians is tax cuts, tax cuts, tax cuts. There is a pay off from that and we are now seeing it very clearly - a country in dire need of massive investment just to bring it up to standard. 13 or so years of no infrastructure investment and the Country is falling apart.
  5. Imagine Emi and Madders in the same team. Not only would it be great to watch but would anyone else on the pitch ever see the ball? 😄
  6. Any business or asset is only worth what a potential buyer is prepared to pay for it. Bearing in mind its a football club that would need significant cash invested to move it on to another level and at the last published accounts its assets only outweighed its liabilities by £2.75 million, you could argue he has paid £5 million for a 40% share in an asset worth £2.75 million which seems poor value to me.
  7. or the Underground when walking around London! 😉
  8. How else could you do it that would be fair? Surely one vote per share is entirely the correct way to do it? It’s why people invest in shares to have some say in how a company is governed. It’s also why if you are entitled to vote then you should use it, even if you hold only one share. That vote will count.
  9. I think it will be £30 million. The £66 million outstanding relates to June 2022 accounts but half of that was repayable within one year so presumably that has now been repaid last March.
  10. March 2024 is when the short term loan on advanced media rights is repayable. Anyone on here fancy digging into their own pockets to pay it off? Thought not! Investing in football clubs is like flushing your money down the drain. And its a continuous demand.
  11. Bearing in mind all but less than half a dozen EPL clubs are run on the basis that a wealthy owner funds their considerable losses, including the most successful, then I fail to see what other options we have than to sell players for considerable fees if it suits. The club made a huge mistake with Cantwell in not selling when his stock was high and ended up giving him away. I’m not sure Big Andy has made a sensible move nor currently has the ability to be an accomplished PL defender so I think it was probably the right thing for the club to sell now.
  12. At the moment the first team picks itself. We now have stronger back up. Too many just like to moan and whinge about anything the club does. None of us know the true financial picture at the club but financially we are also better off after yesterday.
  13. Only the UK and Belarus still use the FPTP system in Europe which tells you why Britain is declining and decaying very fast. We badly need PR to be introduced and also to do away with the system of power and privilege by birth. The richest here are getting very rich and everyone else is paying for it!
  14. Needs to be quite short at the moment otherwise we could be playing 100+ minutes per game!
  15. They just need to add perennial relegater (jamie) O'Hara as well and they could have a film in the making - Pisswich - Gone with the wind!
  16. Football is fast becoming an exhibition event to make money rather than a sport.
  17. But just to add Burnley FC is owed £114 million by its parent company, the one that has overdue accounts and Companies House have attempted to strike off at least once.
  18. I dont think Burnley was one i got to look at but, looking now, yes they are in a healthy position. They alos somehow managed to refinance their external debt at Libor + 8% to a fixed rate of 7.5% which is a remarkable piece of business looking at interest rates now. That said their immediate parent company has not filed accounts since October 2021 and are now overdue which tends to mean there is something wrong that they dont want dsiclosed at this point in time.
  19. I would say the European Super League would be the best thing to happen to English football and possibly even more so to us as Norwich supporters. In the short term it may well cause a lot of financial problems but at least it might become proper English football again where all teams can win the League. All the best games I have watched this season on TV have been championship matches. The EPL is increasingly a bore fest and the games I have watched have been very dull and I haven’t watched til the end. I wonder what sponsors and advertisers make of that? Or are English fans just a nuisance in the money making scheme of things? If I could pay to watch the Championship but not the EPL, I would. And how long before big clubs are playing ‘home’ games in Arab states or Asia? It’s already been mooted once.
  20. Qatar and Emirates oil production added together is only half of what Saudi produces, so financially they are not on the same level. The Arab states know that oil has a limited lifespan so they are trying to promote their Countries in other ways to have an inward money flow in the future.
  21. I think that is inevitable. The money the Saudis have makes the EPL look like a Sunday League. At which point hopefully clubs that have be run on a reasonably sound financial base will prosper and those who haven't, will fail. As pointed out above, investing in a football club relies on the fact that at some point the club will win a trophy and enter Europe and the money moves on to another level. However, it then starts another financial ball rolling that needs to be fed every year. I have heard that Chelsea have attempted to buck the FFP system by putting players on ten year contracts, but under EUFA Champions League rules, these players will be ineligible to play. I wonder what happens if they qualify this year?
  22. Saudis already own a number of big TV companies across Europe i believe. The Saudi League is shown live on French TV for example.
  23. They might well do so but they are not insolvent and they have assets that will cover all their debts. Every other EPL team, bar Arsenal, does not and are are only surviving because their wealthy owner has not asked for their money back.
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