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*Shakes head* Everton again.


Fugitive

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Their young winger Ademola Lookman has gone on loan to RB Leipzig for the rest of the season. Here's what Fat Sam had to say about the move:

 

"He was adamant he was choosing Germany. Going on your own and not being able to speak the language on your own at such a young age is a massive challenge for his development. We tried to persuade him not to."

 

Young English players have lacked proper experience for decades because of the mentality that the Premier League is the be-all and end-all. More players should be looking to get games and experience elsewhere. It gives them an idea of what their peers from abroad have had to deal with and it forces them to grow up a bit. Staying over here in their comfort zone just keeps them mollycoddled.

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Their young winger Ademola Lookman has gone on loan to RB Leipzig for the rest of the season. Here's what Fat Sam had to say about the move:

 

 

Young English players have lacked proper experience for decades because of the mentality that the Premier League is the be-all and end-all. More players should be looking to get games and experience elsewhere. It gives them an idea of what their peers from abroad have had to deal with and it forces them to grow up a bit. Staying over here in their comfort zone just keeps them mollycoddled.

 

(Dawning of a) New Era

 

edit: right, think I'm done now...

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Big Sam claims the agents of five Blues stars wanted to secure their players loan moves in the hours building up towards kick-off at Goodison.

 

“I'll tell you this, that five of our players in the squad today their agents had called to see if they could go out on loan.

 

 

 

 

 

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Big Sam claims the agents of five Blues stars wanted to secure their players loan moves in the hours building up towards kick-off at Goodison.

 

“I'll tell you this, that five of our players in the squad today their agents had called to see if they could go out on loan.

Everton stars, run for your cars.

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Their young winger Ademola Lookman has gone on loan to RB Leipzig for the rest of the season. Here's what Fat Sam had to say about the move:

 

 

 

Young English players have lacked proper experience for decades because of the mentality that the Premier League is the be-all and end-all. More players should be looking to get games and experience elsewhere. It gives them an idea of what their peers from abroad have had to deal with and it forces them to grow up a bit. Staying over here in their comfort zone just keeps them mollycoddled.

I saw that, typical fat Sam mentality that

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Just seen Prentice’s article in the Echo trying to spin how great the Bramley Moore/Lcc deal will be for the city.

 

280 million loan that will earn the council 7 million per yr in interest. They say it will net the council 175 million over 25 yrs which they can use towards vital services. Apparantly there is no risk at all honest.

 

What he/Anderson have failed to mention is that for the loan to accrue 175 million in interest (7 million x 25 yrs, which they are basing on a rate of 2.5%) the loan would have to be on a interest only basis ie the debt never reduces. If so how are Everton gonna pay back the 280 million borrowed.

 

If it was a capital & interest loan then as interest is only payable on the amount owed, which reduces as payments are made, then the interest earned over 25 yrs would be about 96 million.

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It's the amount of money the council will make from the deal, I.e. if the council can borrow the money at 1.5% interest, then they loan the money to Everton at 3.5%. Both parties get a good deal as long as Everton can service the debt.

Prentice and Joe Anderson would omit the last 8 words.
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The figures quoted suggest the council are making 2.5% per annum. However Everton will only pay interest on what they owe so initially they will pay 7 million in interest(whilst they owe 280 mil) but as the debt is repaid the interest payable will reduce unless it’s an interest only loan. Eg in yr 20 they would owe say 70 million, therefore 2.5% of 70 mil is 1.75 mil interest. Therefore the 7 million x 25 yrs profit for the council doesn’t ring true unless it’s interest only borrowing.

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Just seen Prentice’s article in the Echo trying to spin how great the Bramley Moore/Lcc deal will be for the city.

280 million loan that will earn the council 7 million per yr in interest. They say it will net the council 175 million over 25 yrs which they can use towards vital services. Apparantly there is no risk at all honest.

What he/Anderson have failed to mention is that for the loan to accrue 175 million in interest (7 million x 25 yrs, which they are basing on a rate of 2.5%) the loan would have to be on a interest only basis ie the debt never reduces. If so how are Everton gonna pay back the 280 million borrowed.

If it was a capital & interest loan then as interest is only payable on the amount owed, which reduces as payments are made, then the interest earned over 25 yrs would be about 96 million.

Errr.... doesn't loans of that size need government approval first? If that's the case and the government does approve it and it goes pear shaped they are obligated to bail out LCC right?

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