New Everton Owners: The Friedkin Group

[Neiler]

Correct.
The only good thing was he lent the money interest free.

Under the new APT rules, shareholder loans have to be charged at a market rate of interest.
This is no longer relevant to us but means that clubs like Brighton have to restructure their funding.

True mate. We had up to 11th of Jan to clear shareholder loans, we’re grand now.

 

[Dddddd]

At least there'd be benefits to that: enough cash to blow Liverpool out the water. This lot cant even take our debt on.

Bye Dave!

 

[CielosGrises]

What a difficult few years eh ? Well at least we seem solvent for a while.

Make sure the next players bought are ace please.

 

[GoldenToffee]

Let's hope our Toyota-selling new owners have us terrorising the Premier League soon!

 

[davek]

Today’s companies house filing confirms that all new funding is via shares and the only remaining debt in the club is a small secured metro bank loan.
The total interest savings is close to £50m per annum.

Watts: "The transaction has seen most of Everton’s debt either converted to equity, repaid or refinanced on terms more favourable to the stability of the Club."

 

[ashwuk76]

I'd rather flop my wedding tackle into a lion's mouth and flick his love spuds with a wet towel than read his posts.

I'll hazard a guess at they're linked to nefarious activities, they're spivs/carpetbaggers or they support Ukraine?

i can probably arrange that.....

 

[Toffeeslam]

I wonder what money is available for the January window ?

We need goals in this team so maybe a creative player and a right back ?

 

[Groucho]

Watts: "The transaction has seen most of Everton’s debt either converted to equity, repaid or refinanced on terms more favourable to the stability of the Club."

From what I've read, the albatross of poor finance has been removed from our collective neck.

Last week we were visited by the chicken of depression, but today we find the bluebird of happiness has moved in.

I have no idea why I went for bird references.

 

[Tommy.]

i can probably arrange that.....

Nobody threatens me with a good time!





Name your Morrisons, good sir.

 

[ashwuk76]

Nobody threatens me with a good time!





Name your Morrisons, good sir.

sorry my friend i live in london... not many around here so the options are limited...

besides who said i was threatening a good time? I know people...

 

[pfim]

There will be debt somewhere, even Citeh has debt through CFG.

 

[jazzy]

Hmmm not sure about that. Friendkin will do everything to protect his shiny new asset and that surely involves immediate strengthening of the team.

He will AT but I think acquisitions will be modest. Perhaps £20 million on a couple of full backs? I dunno, I'm just guessing.

I can see quite a few bob being spent in the summer especially if PSR constraints are lessened with new rules and / or Branthwaite's sale.

 

[jazzy]

So we own our new ground and we’re already almost debt free?

Is that right? Can that be right?

Just build a billion dollar stadium and the cost disappears because we got taken over by the right people?

Yes but they can now borrow against the finished stadium if they so choose

 

[jazzy]

pretty sure the court case prevents it from being settled wsithout agreement from the Court...

Correct

 

[GoldenToffee]

Up the Friedkin Toyota Toffees!