Articles of Association amended regarding transfer of shares

Moshiri and Kenwright really have brought Everton to it's knees. How are you seeing this as good news? We are a fire sale waiting to happen.

And what exactly is dodgy about it, Clive? What is it that you actually know?

It doesn't sound good but maybe Paul the Esk would be the man to shed more light on what it means for the club in general.

We need divine intervention to save us and it won't happen by taking out bridging loans and borrowing more money. Moshiri is an accountant, you would think he was Coco the fucking clown seeing as what he's done to us.

'A dysfunctional situation that could not continue'

We're financially perilous presently. MSP is coming in and saying, "If Everton fail financially in any way, we get the shares in the company."

It protects MSP, and from their viewpoint is the insurance policy to ensure their investment.

I agree with Brent, this is nothing but good news. It's savvy and intelligent on MSP's part.

It's clear they are coming in hot, and they want financial backing of some sort on their massive investment. What's wrong with that?

We may end up not owning our stadium and having to rent it off God knows who. We are still deep in the shit, and the over-spending matter still to come, where exactly is the good news?

You're correct in all you say. We're a financial mess, no secret there.

So, MSP knowing this, simply wants collateral on their investment. We have no money and no assets to cover their investment other than the new stadium. So we collateralize the deal with the stadium.

If we don't, MSP walk. And then where would we be?? In an absolute broke-ass world of shit.

That's why this is good news. If you need investment, and the only way to get that investment is to collateralize it with the massive cathedral you're building, you gotta do that. If we go broke, MSP get the stadium. But if we survive, there's only the collateralization underpinning the thing with no rights to said collateralization to anyone.

What option do we have? And we simply must get MSP involved. If they want the stadium as collateral, you do it to get them in, get their money, and start the financial rebuilding process.

We may end up not owning our stadium and having to rent it off God knows who.

Yes. But then again, with investment, we might come out the other side, own the stadium, and sunny days are ahead. You're focusing on disaster (don't blame you) but really there is no choice whatsoever other than to promise the stadium to the new investors if Everton shit the bed.

What you really need to be fearful of is MSP coming in, and tanking the Club on purpose to obtain the stadium. But I don't think they're that type of organization. They're not dodgy in anything I've read or investigated.

We need round a billion pounds to come in to finish the stadium and pay off the debts. MSP putting in even a few million won't even paper over the cracks.

I don't know anything other than what I have read, but this wasn't the initial plan surely.

Moshiri and/or Usmanov we're going to fund the ground. Usmanov has gone and Moshiri, after saying he was prepared to give everything he owns, now seems to want back what he has invested.

He has loaned EFC £700M and total debts are already around £1.2 billion with more to come. This transfer of shares deal seems to be a precursor of debt failure by the club. The club could be paying off debts for decades. Kenwright will probably be the only one to come out of this mess in the black.

This seems like a similar scenario, but for MSP providing capital as non-owner, with loan likely to be converted to shares in the future, whilst also protecting MSP’s inlay by way of capitalising the stadium in the event of EFC going to the wall.

The debt on paper looks bad, but it is highly unlikely to be called in by Moshiri.

Happy to be corrected

Not even a loanee signing, summer or January to back up Lewin. No board could conceivably be that incompetent, or could they ? I think we know the answer to that , the club has been run like Arkwright Stores for donkeys years.