Moshiri pledges to convert outstanding debt to equity if takeover lags

So an owner gives a club an interest free loan but the EPL decides that the club should be paying interest on this loan so increase the club's 'costs' by the amount of interest they think they should have paid.

So the club breaches PSR rules because it has more 'debt' than the rules allow. But it doesn't if it's the amount of interest that the EPL decide they should be paying that puts the club over the limit.

So a club could be deducted points for not being in debt?

The EPL would either have to waive the points deduction or the club will be taking them to court for imposing a penalty that they haven't deserved.

And what interest rate do the EPL decide they should impose on the club (LIBOR rate)? Maybe the club could negotiate a better interest rate than the EPL think they should be paying! So again another battle with the EPL.

They really need to scrap this whole thing and start again or bin it completely.

If Moshiri converts his debt into shares then that will devalue the value of the shares 'cos it's unlikely TFG will buy another 150,000 shares at the current value. They'll just pay the same total price however many shares there are.

Whatever it takes will be worth it.

I'm no expert in financial matters of this level, but it all sounds a bit complicated.

I just want this done, so we can move forward.

Agree with you, Colin, he has been an unmitigated disaster from the moment he walked in the door. Fool.

Which won’t be berthed in the Mersey but Monaco.

These changes were made in response to the recent court judgement in the PL/Man City case.

These are now the new agreed rules with 80% of Premier League clubs voting to back the change.

Don't think the difficulties you envisage will arise.

Moshiri hands are tied somewhat because of the impending takeover.

Additionally it's undoubtedly a complicated and expensive business and not something you're likely to do unless there's very good reason for making the change.

People don’t like it when the tap gets turned off, and my worry is that they are making it very difficult for any serious people who want to purchase Everton, lock-stock & barrel.

I’m getting worried about this sale, especially when you hear news like this because every indication has been that the sale should be done this side of Christmas, and now we are hearing that Moshiri, who should be gone, is preparing for January, just in case this deal still hasn’t gone through.

Maybe the goalposts have changed since Trump, said he’s going to be talking to Putin. Who knows?