31 Aug 2015 21:20:29
Apparently we've taken out a £20m Loan against next year's TV Money.
8 - 9% interest.

@WATCHTOFFEE

What's that all about?


1.) 01 Sep 2015
31 Aug 2015 22:11:12
You on the board mate or know someone who is.


2.) 01 Sep 2015
31 Aug 2015 22:15:58
Apparantly to pay off an existing loan. Looking at the information watchtoffee has put out today a whole can of worms are about to be opened. I think deadline day signings could now be the least of our concerns.


3.) 01 Sep 2015
31 Aug 2015 22:33:33
If it's true, it's worrying that we have. Genuinely thought we were in a better position than that these days.


4.) 01 Sep 2015
31 Aug 2015 22:33:54
Apologies.

It's @Watchedtoffee

Check it out.
It's why we have no money .


5.) 01 Sep 2015
31 Aug 2015 22:38:08
Bills taking the tea, out on Saturday and there getting on the other.


6.) 01 Sep 2015
31 Aug 2015 22:56:51
@Watchtoffee is spot on and is getting media attention for the shambolic way in which the club has been ran for years.


7.) 01 Sep 2015
31 Aug 2015 23:46:02
Because the company that loans us the money is owned by the blood sucking members of our board aparently.


8.) 01 Sep 2015
01 Sep 2015 00:07:06
It's WatchedToffee

We can't get loans from Banks as our Credit Rating is Low


9.) 01 Sep 2015
01 Sep 2015 00:16:50
Can you elaborate more please Lance? Forgive my ignorance but I'm not well versed with twitter, is that where you got this info from? I typed the @watchtoffee in the search bar and got nothing to do with Everton


10.) 01 Sep 2015
31 Aug 2015 23:25:33
@Lance Link. why are you always so obsessed with these financial dealings? loans taken, 'missing' funds from years ago etc. Businesses from time to time need to free up money, and with guaranteed income coming in, why not tap into it a year early. It doesn't harm the club to do this, and i'm sure whatever the reason is, it makes sense. It seems to me that you're full of negativity about my beloved Everton and quite frankly you're the kind of fan we could do without. I bet you're itching to start some campaign or go on a demo to criticise us, and it just makes us look like a laughing stock (ie the 20 something fans staging a protest a couple of weeks ago, whittled down to just 7 fans after a smattering of rain) If this is the best a splinter group can muster up then get a grip and realise you're not the voice of the fans, just a pain in the ass.


11.) 01 Sep 2015
01 Sep 2015 01:03:49
If that's true we should have sold Stones and reinvested £20m. Unless the loan is purely to replace an existing one at a higher apr that we're comfortable paying for, borrowing against future earnings is dangerous. Look at Leeds.


12.) 01 Sep 2015
01 Sep 2015 03:07:03
JG Investments.leads to a couple of Irish directors (which is a cover via the I.O.M) which leads to our 20m Loan being signed off at a BMW showroom in Sligo which leads to Karen Brady WHUFC which leads to a company owned by Philip Greens wife Tina .

Basically someone else has control of our Club.

As always, follow the money!!


13.) 01 Sep 2015
01 Sep 2015 06:04:39
All it is is that green is at the top of the chain and takes most of the profit. Because he takes the profit we have to loan of him because we have exhausted all possibilities with banks. He than takes the interest and leaves us with no option but to keep going round in the same circle.

All done by having different company names all owned by green using people as puppets to run them under his rule.

None if this is new information, just never been put into the media before. its basically trying to dig yourself out of a hole.

We are already loaning money based on cash from tv deals in 2016/2017.

My apologies if this explanation isn't 100% accurate but this is how the situation got explained to me


14.) 01 Sep 2015
01 Sep 2015 07:56:27
Or has anyone thought that some clubs might want the money up front and we need extra to get the right players,20million would get some good players, fingers crossed