Everton

Breadfan

Breadfan

Round the Bend
Not looking good for their finances. Insolvency consultants being contacted.
If they file for bankruptcy anyone know what happens and if the punishment would be this season or next?
 
if it was the EFL it would be an auto 12 pt deduction date of which TBD.
but we're talking about the PL where it's never happened so who knows.
 
Meanwhile, 777-owned airline Bonza went into voluntary administration on Tuesday, and the abrupt cancellation of all of its flights left thousands of passengers stranded around Australia.

The BBC is awaiting a statement from 777 regarding Bonza.

In further financial strife, 777's UK public relations advisers have stopped representing the company after the firm did not meet payments on fees and it remains to be seen whether they will re-engage.
 
Paddysfoxes said:
Meanwhile, 777-owned airline Bonza went into voluntary administration on Tuesday, and the abrupt cancellation of all of its flights left thousands of passengers stranded around Australia.

The BBC is awaiting a statement from 777 regarding Bonza.

In further financial strife, 777's UK public relations advisers have stopped representing the company after the firm did not meet payments on fees and it remains to be seen whether they will re-engage.
Click to expand...
yes, but Everton have secured temp funding from other sources. Takeover might not go through but they have enough capital to keep functioning as a football club.
 
They are racking up so many 'short term loans' to so many creditors that the interest payments alone must put them at risk from PSR.

Sound familiar?
 
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