New Everton Owners: The Friedkin Group

[Cels]

I'm glad this has finally been sorted out, but I'm not getting too excited. In the past, I've found that just when you think things are taking shape and looking good at Goodison, Everton finds a way of slapping you in the face. Hopefully though, this will be the start of great things to come for our Club.

​

 

[blue1948]

Live from heaven. Lest we forget the man that made this all possible.

Don't you think that is enough ,I do .Or would you like to condemn Peter Christmas Hamper as well .

 

[Armaghtoffee]

So what do we think we can spend in January?

 

[blue1948]

It gives me real hope that we will be run properly when you look at the CV of this guy .

He has real gravitas unlike Blue Bill who was good at errrr lying and putting on pantos

You ARE on form today .

 

[blackie_jones75]

L

think that’s the gross value, versus the debt paid off - which the club didn’t actually own.

Obviously I'm no financial expert but have these debts been paid off by them or have they taken loans out with more favourable rates to pay them off, i.e. a consolidation

 

[Bryan+]

So what do we think we can spend in January?

We won’t be spending a penny, we haven’t done so for the last 2 windows and it’s probably going to be tight undies until the summer if we are booting Dyche, if we buy in January, these will be dyche style players.

Absolutely no thanks.

 

[Cake]

What's with all the negative vibes...

Today is a day for celebration.

 

[Mikey_Fitzgerald]

Obviously we can't spend 150 million in one window but haven't we made significant progress in alleviating costs with certain high wage players leaving like gomes to having a net positive transfer window, shouldn't that afford us sone room to maneuver in Jan and especially the summer when a lot of contracts expire?

The problem with PSR is that once you’re in it becomes hard to get out of it (which is why the system doesn’t work, but I digress)

 

[Neiler]

Obviously I'm no financial expert but have these debts been paid off by them or have they taken loans out with more favourable rates to pay them off, i.e. a consolidation

Hard to know at this stage it’s either paid off by investment or will be restructured, so far there is evidence of repayment and no sign of a new loan taken out to cover it as of yet.

What’s certain though is Rights and Media are out of the building.

 

[blackie_jones75]

Hard to know at this stage it’s either paid off by investment or will be restructured, so far there is evidence of repayment and no sign of a new loan taken out to cover it as of yet.

What’s certain though is Rights and Media are out of the building.

Yes, god knows how many years they leeched from us, would be interesting from a morbid point of view to find out how much interest payments they have received from us over the years!

 

[ashwuk76]

Hard to know at this stage it’s either paid off by investment or will be restructured, so far there is evidence of repayment and no sign of a new loan taken out to cover it as of yet.

What’s certain though is Rights and Media are out of the building.

As has been reported all debt, apart from A-cap, has been paid off and turned into equity... thats why there are new charges.

 

[pfim]

Obviously I'm no financial expert but have these debts been paid off by them or have they taken loans out with more favourable rates to pay them off, i.e. a consolidation

We won't know for sure. The PL has rules about leveraged takeovers, logically if they approved the deal, at least the debt held by TFG was likely converted to equity, they may have needed to pay off some other external debt.

This won't be a debt-free club, but they have the means to refinance at much better terms.

 

[Neiler]

As has been reported all debt, apart from A-cap, has been paid off and turned into equity... thats why there are new charges.

Actually just looking the only debt we have left is with Metro bank for very little.

We’re essentially debt free as it stands. (At the moment).

 

[ashwuk76]

Actually just looking the only debt we have left is with Metro bank for very little.

We’re essentially debt free as it stands.

No, its been reported that the A-Cap debt hasnt been paid off but restructed under more favourable terms, probably due to the court case. So we do have debt, just substantially less than we had.

 

[Armaghtoffee]

We won’t be spending a penny, we haven’t done so for the last 2 windows and it’s probably going to be tight undies until the summer if we are booting Dyche, if we buy in January, these will be dyche style players.

Absolutely no thanks.

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