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Fugitive

*Shakes head* Everton again.

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Figures being quoted of 500m to complete the stadium which Is presumably on top of the 100m Moshiri put up for the enabling works. Mosh has committed another 145m towards it on this yrs accounts, so looks like he’ll look to finance the other 350m unless he  foots the total bill himself which would take his total investment up to nearly 1.2b.

 

That meme of I have 1.3b might not have been a joke after all. 
 

Never been any mention of the cost to flatten goodison and rebuild it as this fantastic housing/community hub as promised either. 

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2 hours ago, devilsadvocate said:

Never been any mention of the cost to flatten goodison and rebuild it as this fantastic housing/community hub as promised either. 

Let some termites loose now and it will be gone by the time BMD is built

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Funny how this has slipped to the bottom of the Echo's second web page after being given prominence this morning!

 

Commissioners have slammed Liverpool Council ’s “failure of governance” over a potential loan agreement with Everton FC over the funding of a new stadium.

 

The local authority has been ordered to conduct an investigation into how it incurred “significant expenditure” to investigate the possibility of a loan to Everton FC as the club sought funding options for its new ground over a three year period.

 

A cabinet report to be discussed behind closed doors next Friday has detailed the damning verdict of government appointed commissioners to how Liverpool Council acted “without any formal council approval and without any budget provision approval” from April 2016 to March 2019. Between that time, according to the report, the local authority engaged with Everton “to investigate assisting with the funding of a new stadium development project” but these discussions “were ultimately unsuccessful.”

 

It is said that during this period Liverpool Council failed to manage costs, “some of which are now irrecoverable.” Now commissioners have lambasted the council for their mismanagement of the project.

The commissioner review within the cabinet report said: “The Council incurred significant expenditure to investigate the possibility of a loan to EFC without any formal council approval and without any budget provision approval. The council failed to adequately manage costs, some of which are now irrecoverable.

 

“The Council failed to secure a cost indemnity to protect its position on fees and has been in negotiation with EFC for a number of years to reach a settlement, again without any council approvals in place.” The commissioners added that this was a “failure of governance” and they “require a lesson learned” to be conducted and reported within three months to the council’s audit committee.

 

The report said that this “resolves one of a number of outstanding finance issues at the council and contributes towards the resolution of outstanding projects, working with the local government commissioners.” It added that both Liverpool Council and Everton FC were “keen to resolve this legacy issue” after several rounds of failed discussions.

 

In January 2018, the council asked Everton for a cost indemnity for due diligence costs, in case the parties were unable to agree on loan arrangements, which the club provisionally agreed to, subject to reasonableness of costs. The cabinet is recommended to agree that chief executive Tony Reeves agree the final settlement with the Premier League outfit.

 

Authority could also be given to Mel Creighton, deputy chief executive, to write off any debt that arises from the difference between the invoice raised by the council and the settlement reached. The report said that should the matter be left outstanding any longer, it risks “negatively affecting the relationship with Everton Football Club.”

 

It added that this proposal would bring an end to the saga via a “rational settlement in all the circumstances and allows the focus to return to the existing stadium development project, with its expected regeneration benefits. Both sides are now keen to draw this matter to a mutually satisfactory conclusion.”

 

https://www.liverpoolecho.co.uk/news/liverpool-news/investigation-ordered-proposed-everton-fc-23684145

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Oh, well if it's causing a negative relationship with Everton football club...

 

Still, who gives a fuck about cuts in services. Certainly nobody in a position of management at Everton FC, that's for sure.

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Not what he, or they, thought when the 'Group of Death' draw was made. They were made up. 

 

Pretty much like the Florida Cup is...

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8 minutes ago, Chocoholic said:

 

 

 

Not what he, or they, thought when the 'Group of Death' draw was made. They were made up. 

 

Pretty much like the Florida Cup is...

The Florida Cup?? Isn’t that the Teacup ride at Disneyworld?? A proper Mickey Mouse Cup. 

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1 hour ago, Chocoholic said:

 

 

 

Not what he, or they, thought when the 'Group of Death' draw was made. They were made up. 

 

Pretty much like the Florida Cup is...

Well it was a 4 team 'tournament' with the winner from each game playing in the 'final' wasnt it?! Fucking deluded cunts.

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Wonder if West Ham do get to the Europa League final whether Collina will get brought out of retirement to give dodgy decisions against them because uefa don't want 5 English teams in the Champions League next season. 

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1 hour ago, dockers_strike said:

Well it was a 4 team 'tournament' with the winner from each game playing in the 'final' wasnt it?! Fucking deluded cunts.

We have beaten no one as good as University College Dublin, true European elite.

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1 minute ago, AngryOfTuebrook said:

I was just wondering how they would spin that first half.

City were told after the booing to let Liverpool score two and the middle one was just a fluke because the keepers dad is a season ticket holder 

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8 minutes ago, Bjornebye said:

Have they blamed us for being fucking boss yet ?

 

5 minutes ago, AngryOfTuebrook said:

I was just wondering how they would spin that first half.

Don't care what the blueshite say.

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INCOMING!!!!

 

Work Blue just text me, after our game, out of the blue, no pun intended...

 

Anyhows, he's figured it out.

 

The reason Everton are doing so poorly this season is becuase teams respect them too much and put their best teams and performances in against them and they don't bother doing that with the rest of the dross, so they are a victim of their own aura/success and teams put in a shift to beat them as they're a huge scalp.

 

Ifithandtofbeforeveryonewantingtowinwedbewinners.

 

Remarkable.

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