Can't believe the heads falling off on here.
I'm not an ITK regards Everton but I did work for a bank for nearly 40 years so have a good understanding of how company charges and registering at companies house works.
I don't know anything about Rights and Media Funding Ltd and J G limited, but I'll accept what's been written on this thread already that they are the people who finance our TV monies, and that have recently changed their name.
From what I understand, the TV monies are paid out by the Premier League in tranches throughout the season. Under this type of finance arrangement, the benefits are assigned to the funding company (Rights and Media Funding Ltd), so when the TV monies are paid out, they go directly to the funding company. Because they know they are going to receive these funds direct , they are happy to make advances to Everton ahead of these funds being received. It's a little bit like an overdraft facility in that we may or may not use it. It's just there in case of need and I assume we just pay interest on what we use so it's quite a cheap method of raising finance.
Everton FC is a limited company and any lender will always take a charge over either a fixed asset, i.e Goodison Park, or a Debenture which is basically a charge on anything (assets) owned by Everton. In this case I suspect it will be an actual specific assignment of the tv rights. Whatever type of charge it will need to be registered at Companies House.
A new charge will be required because of the change of company name, but this will basically replace the one that would previously have been given to JG Limited.
The fact that a new facility has been taken out does not mean that we have necessarily utilised it. In fact, given our net spend in the transfer window I suspect that we haven't had to call on it. But it is there for future use if needed and can, as Esk speculated, possibly be used in connection with the new ground.
As regards the Isle of Man, that would be purely for tax reasons, especially if the beneficial owner is a non UK resident. It has nothing to do with dodgy dealings!!
Don't know if the above makes you feel better or not. Most of you will believe what you want to believe to fit your own agenda I guess. Basically the new charge doesn't mean that we've taken out another loan, we've just set up a facility to borrow against future tv monies if we need to. I doubt very much whether there's many Premier clubs (Arsenal and Man city spring to mind) that don't have this type of facility available them either through a specialist finance company like us, or through their own bankers.
On a different note, assuming the report in the Echo is correct, I'm not happy with Mosh using Sky sports presenters as a mouthpiece. Plus the comments themselves just add fuel to the fume following the clubs embarrassing endeavours in the transfer market. We're not West Ham or Crystal Palace. We're Everton and we expect our board and owners to act in a certain way.
