New Everton Owners: The Friedkin Group

[GrandOldSte117]

A key priority is strengthening the men first team squad

 

[Mrtallywacker]

A warm welcome to the Friedkin Group.

Matthew 5:16
In the same way, let your light shine before others, so that they may see your good works and give glory to your Father who is in heaven.

God bless.

 

[Drico]

"As stewards of Everton, we look forward to showing our commitment to the Club through actions, not words."

Were they reading GOT this morning?

 

[Drico]

 

[Thomasc]

a new dawn and a sense of optimism for us all.

 

[ashwuk76]

Don’t really understand the whole financey bit.

In layman’s terms, where does it leave us in terms of debts etc if the shareholder loans are essentially written off?

Like, it was over £660m is my understanding, I’m assuming it’s considerably less now?

the statement says turned into equity.. thus taking it off the balance sheet and wont count for PSR purposes. So a good thing they got ahead of the changes coming in Jan!

 

[ToffeeTim]

Don’t really understand the whole financey bit.

In layman’s terms, where does it leave us in terms of debts etc if the shareholder loans are essentially written off?

Like, it was over £660m is my understanding, I’m assuming it’s considerably less now?

I think it means some of the debt the club owes has been turned into equity, I.e. share capital held by TFG.

So less debt should hopefully equal lower interest payments, and more stable finances moving forward.

 

[GrandOldSte117]

"As stewards of Everton, we look forward to showing our commitment to the Club through actions, not words."

Were they reading GOT this morning?

Nah we tend to just repeat the same talking points every 10 pages here

 

[blue1948]

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We had an accountant who couldn't count , now I hope we don't have a lawyer who can't navigate the famously notorious English law .I am though perfectly happy as long as he spends enough time with us and not his other roles .COYMB

 

[Saint Domingo]

Tbh it’s just a massive relief. There were genuinely times over the last few years I thought we were going into administration and winding up under Moshiri. No permanent board members, loans to pay loans, talk of cash running out. Absolutely horrendous. No matter what it happening on the pitch fans don’t need that sort of worry that your whole club could be wound up.

 

[Timbucktoo]

It was very quite the last couple of months compared to when the 777 guys were taking over, there were no regular updates about how everything is going fine, everyone confident how things were going. This time round they were going through the process, we got no real assurances for a spell, and then this morning all done, bye bye Moshiri, don`t let the door hit you on the way out.

 

[Dixieslaces]

Too early for booze ?

There are times when its necessary and today is a Good Day so yes a celebratory tipple is on the cards!!!

 

[ashwuk76]

Nah we tend to just repeat the same talking points every 2 pages here

corrected for you...

 

[Nyhus]

Great news!

 

[Saint Domingo]

A key priority is strengthening the men first team squad

It’s about time