New Everton Owners: The Friedkin Group

What do we reckon?

  • 👍

    Votes: 907 71.1%
  • 🤷 | 🧀🥪

    Votes: 308 24.2%
  • 👎

    Votes: 60 4.7%

  • Total voters
    1,275


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.
 
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
 

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?
 
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.
 

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