New Everton Owners: The Friedkin Group

[blackie_jones75]

So at least our very existence is safe now and only have to worry about our prem league existence

 

[PeregrineT]

No one quotes the share value when you purchase a private company, it's the asset value.

He didn't buy the club for 40 million, that's absurd. It's like saying I bought a 500k house for 40k, because that's all the equity the previous owner had in it.

If you pay 500k for a house and it has a 200k loan still on it, you bought it for 500k. If you pay 500k for a house and it has a 900k loan on it you bought it for 500k.

He quit literally paid 40m to buy the shares of the club. Outstanding debts and assets are how he figured out what it was worth, which he decided was 40m. He bought the club for 40 million, gains the assets, and assumes the debts.

 

[Marius57]

At least there'd be benefits to that: enough cash to blow Liverpool out the water. This lot cant even take our debt on.

So you wanted them to keep our debt in place and keep paying £1m a week just on interest payments to prove how serious they are?

 

[The binman chronicles]

So we own our new ground and we’re already almost debt free?

Is that right? Can that be right?

Just build a billion dollar stadium and the cost disappears because we got taken over by the right people?

Moshiri took the main hit of it. If what the esk says is true and we have no debt against the club it could work massively in our favour of not needing to repay out of our own pockets. Of course the debt may be there of several hundred million pounds and TFG could take the amount through dividends for it.

The benefits are if we are tight against PSR or we need the funds to buy, then they could skip that payment which would be like a cash injection.

Have to see how it shakes out but it would be very positive if we have cleared the debt away, whilst clubs like Spurs keep paying out and Arsenal and Utd seem set to spend on theirs.

 

[Neiler]

pretty sure the court case prevents it from being settled wsithout agreement from the Court...

The company house are saying we just have one outstanding charge mate and that’s with Metro bank. ACAP looks settled to me mate. Unless I’m missing something.

I don’t know the detail but the charges aren’t there.

 

[ashwuk76]

The company house are saying we just have one out standing charge mate ant that’s with Metro bank it ACAP looks settled to me mate.

I don’t know the detail but the charges aren’t there.

yeah i know mate, i just checked. Very weird... i mean happy happy days if its all been paid off and turned into equity....

 

[helpimonfire]

They're owners of a football club. We're an asset to them and no more than that.

People should at the very least keep an open mind and not bend the knee to the new masters coming in...look how much you were all disappointed in Kenwright then Moshiri.

They're just investors. That's it.

The way some fans hero worship mammon for being mammon is off the charts daft.

They're guilty until proven innocent for me...ALL of them. Experience tells me that.

So what will make you happy? Our doom?

 

[Neiler]

yeah i know mate, i just checked. Very weird... i mean happy happy days if its all been paid off and turned into equity....

100%, just like that 600 mill + is off the balance sheet.

Sure a restructure is prob going to happen, but that’s a hell of a lot of toxic, millstone debt of our balance sheet, unreal.

 

[pfim]

If you pay 500k for a house and it has a 200k loan still on it, you bought it for 500k. If you pay 500k for a house and it has a 900k loan on it you bought it for 500k.

He quit literally paid 40m to buy the shares of the club. Outstanding debts and assets are how he figured out what it was worth, which he decided was 40m. He bought the club for 40 million, gains the assets, and assumes the debts.

What is in bold, and your second paragraph, are completely at odds. If the house had shares, they would have been worth 300k in your scenario.

 

[Streetender1878]

Has that debt to the image&media rights been cleared as well?

 

[davek]

So you wanted them to keep our debt in place and keep paying £1m a week just on interest payments to prove how serious they are?

I want them to make us debt free and convert that to shares.

The fact they're not doing that and are also whining already about PSR doesn't impress me at all.

 

[ashwuk76]

100%, just like that 600 mill + is off the balance sheet.

Sure a restructure is prob going to happen, but that’s a hell of a lot of toxic millstone debt of our balance sheet, unreal.

honestly mate that RMF going alone was massive...and now stadium debt too... happy days, we will be saving a fortune and can suddently spend again!

Havent felt this positive about Everton since reaching the FA Cup final in 1995!!

 

[ashwuk76]

Has that debt to the image&media rights been cleared as well?

yes!

 

[Streetender1878]

yes!

At last!!! Parasites.

 

[DanB90]

If this Americans sold as many used Toyotas as he claims he has….