Aren't Everton relatively close to being bought?
I think Leeds are knackered. Phillips gone, Raphinha going and their recruitment for the last few years has left a lot to be desired.
Transfer Rumours Summer '22 Transfer Thread
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Aren't Everton relatively close to being bought?
I think Leeds are knackered. Phillips gone, Raphinha going and their recruitment for the last few years has left a lot to be desired.
Nah Everton aren't in trouble in that way, it's more just an FFP work around than an actual lack of funds.
Haven't Derby been very close to being bought also?
Most deals fail. If theirs does then where are they left?
TWS have to be a relegation favourite, no?
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Nope? I think one of their investors was but their main guy is Farhad Moshiri who's Iranian. I think he's looking to sell now as Shark said but the club isn't in any trouble.
The amount of money they spunked they can't be sustainable long term.
Derby weren't skint either based on MM's assets. He just pulled the plug as it was damaging his wealth.
I mean Chelsea spunked money for 15 years unsustainably haha, it just depends how deep the owner's pockets are and what they're willing to put up with. Clearly Moshiri has put up with enough which is why he's now happy to sell, but don't think Everton are in any Derby-esque trouble.
What's the difference?
Pre-administration I mean.
Pretty sure MM was happy to sell before he couldn't.
The difference is MM no longer had the funds or incentive to keep funding Derby. In that sense any PL club could be the next Derby if their owner decided tomorrow to stop funding them.
This conversation began by discussing why Everton have been structuring deals the way they have, as an FFP workaround, which is very different to not having the funds or incentive to keep funding the club.
He had the funds. Still does.
Inclination/risk wise you have a point. But he wrote cheques he was unwilling as opposed to unable to guarantee.
... And FFP workarounds are usually a sign a club is unsustainably run. FFP workarounds within a club who are actively trying to attract buyers are usually the first sign of trouble.
You may be right, but why would an owner invest over and above in a club they're trying to sell?
Probably because they can't sell it without suffering a loss as it currently is.
As I said, there were two possibilities for the difference in situation - a lack of funds or lack of motivation.
Is Moshiri investing over and above? As this started with me suggesting they were trying to get Winks on a loan with an obligation to buy and as you noted, they lowballed on KLP, and last summer they spent very minimally, I'd think they've wound back the spending fairly significantly.
Yet he still can't sell.
Theres a reason there's a gov't review on football finance, and it isn't because Bury, Macc and Derby went bust. It's because some 'flagship' clubs are at critical risk.
They haven't. Structuring deals that way if you are trying to sell just passes the the financial burden of your own liability to the prospective buyer. It's a desperation move.
I thought MM no longer had the funds, he threw millions and millions at it and never got them to the PL.
They've spent an absolute fortune on players but I can't really think of them making good profit on anyone but they seem to have made big losses on most.
I think personally that if you've got the money, it's not that difficult for a Championship team to make substantial profit in the transfer window.
It just feels like clubs are so impatient and want to get to the PL immediately
I don't think it's desperation, it's because their hands are tied by FFP. They're very close to selling the club, I don't think there's much of an issue in that sense.
Phillips isn't signing a new deal and is in the last year of his deal, 42m with add ons is about right.
If they were really close to selling the club then why aren't they leaving it for the new owners to invest?
Surely they'll want their own targets.
If the deal is being done at the behest of the buyer then why is the seller taking the financial risk, which until its signed and sealed is the current owners liability?
Doesn't add up to me.
Because the transfer window is open and if the deal were to fall through they would still want to be bringing in players?
They also haven't actually signed anyone yet.