New Everton Owners: The Friedkin Group

[Librarian]

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.

And the related interest payments

 

[windymiller]

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 are you for or against people with links to the petrochemical industry being involved in the running of the club? You seem conflicted on the issue.

 

[pfim]

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.

I'd like them to buy us all a pony, but I guess we don't always get what we want.

 

[14_dollars]

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.

Today’s companies house filing confirms that all new funding is via shares and the only remaining debt in the club is a small secured metro bank loan.
The total interest savings is close to £50m per annum.

 

[Neiler]

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!!

Though there will be some form or restructure I’d imagine in the coming days/weeks, it feels big to get all that high cost toxic debt of the clubs books and out of cash calls from our cash flow.

The dynamic of the restructuring will be interesting, will it go on the clubs books or stay with the group. Out and about in Budapest at the moment, may do a deep dive later on how they managed the Roma debt on the takeover, theirs was bad.

 

[mahermi1]

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.

Every club is whining about PSR and we should be too, Whats the alternative Dave another 8 point deduction ? Hopefully they have a lot more business nous about them, so we don't have to worry about PSR, Moshiri and Kenwrights biggest failure, they failed to make us bigger Commercially so we could afford to keep our best players and buy better players. Look at Newcastle richest owners in the World and they can't spend why ? PSR.

 

[14_dollars]

Though there will be some form or restructure I’d imagine in the coming days/weeks, it feels big to get all that high cost toxic debt of the clubs books and out of cash calls from our cash flow.

The dynamic of the restructuring will be interesting, will it go on the clubs books or stay with the group. Out and about in Budapest at the moment, may do a deep dive later on how they managed the Roma debt on the takeover, theirs was bad.

A big part of the debt reduction is non cash - Moshiri has taken a huge write down of c£400m on his shareholder loans.

 

[Tommy.]

Huge, absolutely made up here seeing all that debt gone.

Judging by the volume of blue bars on my screen; the tedious Melvin is in his element again.
Put him on ignore and enjoy your day, blues.

 

[ashwuk76]

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.

yeah realise thats pretty much what they have done right? right? can't wipe out transfer payments or wages, that has a big bearing on PSR as well. Just cant help moaning can you.

 

[ashwuk76]

Huge, absolutely made up here seeing all that debt gone.

Judging by the volume of blue bars on my screen; the tedious Melvin is in his element again.
Put him on ignore and enjoy your day, blues.

his latest rants are hilarious

 

[Neiler]

A big part of the debt reduction is non cash - Moshiri has taken a huge write down of c£400m on his shareholder loans.

He was never getting that back mate, he was lucky to get out of dodge with £40mill.

 

[Neiler]

And the related interest payments

£1 million a week mate.

 

[Tommy.]

his latest rants are hilarious

I'd rather flop my wedding tackle into a lion's mouth and flick his love spuds with a wet towel than read his posts.

I'll hazard a guess at they're linked to nefarious activities, they're spivs/carpetbaggers or they support Ukraine?

 

[14_dollars]

He was never getting that back mate, he was lucky to get out of dodge with £40mill.

Correct.
The only good thing was he lent the money interest free.

Under the new APT rules, shareholder loans have to be charged at a market rate of interest.
This is no longer relevant to us but means that clubs like Brighton have to restructure their funding.

 

[mahermi1]

Huge, absolutely made up here seeing all that debt gone.

Judging by the volume of blue bars on my screen; the tedious Melvin is in his element again.
Put him on ignore and enjoy your day, blues.

No he's back off ignore now, I'm enjoying watching him grasping for straws.