05 Jun 2013 03:04:22
Work in the media (though not football journalism). I have heard that the Martinez deal has stalled, though not yet dropped, over the amount of transfer money promised to him for acquiring new players. Apparently, the bank want the majority, if not all, the increased TV revenue and that Kenwright is struggling to negotiate with them to get at least some of it to fund transfers.

1.) 05 Jun 2013
05 Jun 2013 07:17:29
We will see today then eh as I have it under good authority that it will definitely be announced today

2.) 05 Jun 2013
Hope so!

3.) 05 Jun 2013
Cant see the bank doing that. loans are like a morgtage done over time. the bank wouldn't say to you 10 years into a 25 year mortgage pay it all up now

4.) 05 Jun 2013
Of many of the rumours I read on this site this is one I have envisaged and was worried about. The banks are struggling and worried and I doubt they want to take a risk on a new manager. No, I am not a koppite, or loon just a realist. We have debts and lots of money will be coming in. to the club. I doubt the banks will want it all though as the debt is structured.

5.) 05 Jun 2013
That is b*ll*cks, banks just don't ask for money when you have agreed repayment methods in place! You think we lent it off some loan shark off county road!

6.) 05 Jun 2013
Eds can't you do something about posts like this? We have structured repayments on the clubs debt that work just like any other loan. The banks can't and won't demand increased payments just because our income has increased.

7.) 05 Jun 2013
Where did you hear this Degsy mate?

8.) 05 Jun 2013
Well that's wrong. Don't you know how loans work? We're paying in a sum of money each month. The bank will be satisfied with that. We aren't reducing our debt; simply paying interest to maintain it at the level it is at, be that £40m, £50m or whatever.

The bank won't suddenly demand the best part of £15m which would reduce the debt (and thus, interest paid) when they're getting a steady, safe, and for the foreseeable future, unlimited flow of money.

9.) 05 Jun 2013
Loans are structured. But overdrafts are not, bk uses the o/d to balance the books each year and the banks are allowed to a withdraw an o/d at any time

10.) 05 Jun 2013
The thing is do we owe on an overdraft or are we on interest only repayment terms or interest and capital repayment terms on the loans. These are all questions that people don't know the answer to and therefore we don't know what the bank can demand from everton
To be honest the way bill and his board run the club it wouldn't suprise me if the next manager had maybe £5m to spend max
Cheeks

11.) 05 Jun 2013
Sorry to burst your bubble guys but I work in corporate structured finance and its nothing like personal finance. The bank can request their money back anytime they want. There is an annual review of any money lent. Overdrafts can be withdrawn or reduced. Generally there has to be just cause but if the bank feel the risk is too high and see capital coming in they can request the money back or start going after certain guarantees when the credit was sanctioned.

I'm not saying this is true, just that it could be, it's not the same as you getting a personal loan or mortgage.

12.) 05 Jun 2013
05 Jun 2013 11:07:06
I have been moaning to the misses all week and it was her who stated yesterday

"it will all be sorted tomorrow babe"

AS YOU KNOW WOMEN ARE NEVER WRONG

Degsy

13.) 05 Jun 2013
I'm the original poster of this rumour. Have just heard the problem has been resolved. Not sure how true this is, (sports journalism standards are very low), but apparently Martinez will have a substantial kitty.

14.) 05 Jun 2013
Kopite Alert!