New Everton Owners: The Friedkin Group

[Tonymckinn1878]

Hopefully the start of a bright blue future for us all!

 

[matty1878]

Just bought myself a couple of low-calorie beers to celebrate.

it’s christmas let yourself go

 

[mahermi1]

Hell yeah, Dave is already building his case against them

He's been building it for ages, since the original day their bid was accepted i think.

 

[marnie]

Been out all morning Christmas food shopping.Came back a couple of ton lighter.Put the telly on and here I am OVER THE FFFIN MOON With a cold Peroni in hand xxx Merry Christmas Blues xx

 

[Bryan+]

you bored mate

All my work staff and subordinates are off now pal. I’m only one in today.

 

[nsno_traditionally]

Shamoon Hafez on BBC:

"During their period of due diligence, the Friedkin Group looked at the eye-watering amounts of debt the club were in and have managed to convert much of the short-term, high interest debt into sensible long-term solutions.

A £225m loan to Rights and Media Funding has been paid off, while around £260m put into the club by the Friedkin Group for operational costs has been converted into equity.

A £200m loan to A-Cap, which it took over from the financially-stricken 777 Partners, has been massively reduced and restructured to more favourable terms."

Getting that R And M loan gone is massive for us, been an anchor for so long.

 

[matty1878]

Onwards & upwards to mid table

improvement tho isn’t it?

 

[riddick]

Anyone ask Esk his thoughts about why this group is going to fail?

 

[kenada_blue]

Shamoon Hafez on BBC:

"During their period of due diligence, the Friedkin Group looked at the eye-watering amounts of debt the club were in and have managed to convert much of the short-term, high interest debt into sensible long-term solutions.

A £225m loan to Rights and Media Funding has been paid off, while around £260m put into the club by the Friedkin Group for operational costs has been converted into equity.

A £200m loan to A-Cap, which it took over from the financially-stricken 777 Partners, has been massively reduced and restructured to more favourable terms."

Getting that R And M loan gone is massive for us, been an anchor for so long.

Kenwright and pals final released

 

[Dooguk]

Kenwright and pals final released

Let us hope the curse has been lifted.

 

[Bryan+]

improvement tho isn’t it?

The halcyon days of finishing 8th under Sam Allardyce. We never had it so good.

 

[jerseytoffee]

Shamoon Hafez on BBC:

"During their period of due diligence, the Friedkin Group looked at the eye-watering amounts of debt the club were in and have managed to convert much of the short-term, high interest debt into sensible long-term solutions.

A £225m loan to Rights and Media Funding has been paid off, while around £260m put into the club by the Friedkin Group for operational costs has been converted into equity.

A £200m loan to A-Cap, which it took over from the financially-stricken 777 Partners, has been massively reduced and restructured to more favourable terms."

Getting that R And M loan gone is massive for us, been an anchor for so long.

So only the £200m A-Cap loan is left and that's been massively reduced on better terms?

Amazing news if so and will be a huge help with the interest being paid and PSR position. How much would removing the RMF loan save us with interest payments alone?

 

[Nyhus]

He's been building it for ages, since the original day their bid was accepted i think.

Id believe it. If he wasnt, id be worried about the man.

 

[Liam-EFC]

Anyone ask Esk his thoughts about why this group is going to fail?

Probably bashing out spead sheets in rage.

 

[Rooney_Tunes]

Shamoon Hafez on BBC:

"During their period of due diligence, the Friedkin Group looked at the eye-watering amounts of debt the club were in and have managed to convert much of the short-term, high interest debt into sensible long-term solutions.

A £225m loan to Rights and Media Funding has been paid off, while around £260m put into the club by the Friedkin Group for operational costs has been converted into equity.

A £200m loan to A-Cap, which it took over from the financially-stricken 777 Partners, has been massively reduced and restructured to more favourable terms."

Getting that R And M loan gone is massive for us, been an anchor for so long.

AT LAST!!!

Business minded owners.