New Everton Owners: The Friedkin Group

[davek]

The debt situation as explained on another forum:

...based on the more reliable reports it might look like:

Pre-deal £450m Moshiri debt, £250m TFG, £210m A-Cap (ex 777), £200m RMF

Post deal £0 Moshiri (now TFG owned equity), TFG ?£100m? to be replaced by long-term secured debt vs stadium (rest converted to equity), A-Cap £200m with a payment schedule/potentially replaced by long-term secured debt v stadium, £200m RMF to be replaced by long-term secured debt v stadium

So potentially still a significant debt but consolidated with high quality lender(s) to TFG secured v the stadium and likely carrying interest rates c. 5% lower than at present easing the PSR burden as soon as in place. Correctly managed the debt burden should gradually reduce over time, particularly factoring in revenue growth at BMD.

In short: let's stop believing Santa Claus has just tipped up. That stadium is going to do an awful lot of lifting on behalf of TFG.

Are we more stable with this deal? Yes, unquestionably.

Has it relieved us of all liabilities so we can go on a spending spree? Has it bollocks.

Time for the giddiness to stop and a reality check.

 

[YoboCopter]

Up the Friedkin Toyota Toffees!

Your great at these pics

 

[Nymzee]

The debt situation as explained on another forum:

...based on the more reliable reports it might look like:

Pre-deal £450m Moshiri debt, £250m TFG, £210m A-Cap (ex 777), £200m RMF

Post deal £0 Moshiri (now TFG owned equity), TFG ?£100m? to be replaced by long-term secured debt vs stadium (rest converted to equity), A-Cap £200m with a payment schedule/potentially replaced by long-term secured debt v stadium, £200m RMF to be replaced by long-term secured debt v stadium

So potentially still a significant debt but consolidated with high quality lender(s) to TFG secured v the stadium and likely carrying interest rates c. 5% lower than at present easing the PSR burden as soon as in place. Correctly managed the debt burden should gradually reduce over time, particularly factoring in revenue growth at BMD.

In short: let's stop believing Santa Claus has just tipped up. That stadium is going to do an awful lot of lifting on behalf of TFG.

Are we more stable with this deal? Yes, unquestionably.

Has it relieved us of all liabilities so we can go on a spending spree? Has it bollocks.

Time for the giddiness to stop and a reality check.

Must be true, it’s off another forum.

 

[DanB90]

Time for the giddiness to stop and a reality check.

Oh yeah. Heaven forbid we have a slither of optimism for once.

 

[LEONARD]

 

[davek]

Must be true, it’s off another forum.

As opposed to being off this forum.

 

[Drico]

Has it relieved us of all liabilities so we can go on a spending spree? Has it bollocks.

Time for the giddiness to stop and a reality check.

We can't go on a spending spree, regardless. PSR.

 

[Groucho]

You can have the whole gospel choir today mate,

 

[davek]

We can't go on a spending spree, regardless. PSR.

We wont even be going on a trip to Aldis.

 

[ashwuk76]

The debt situation as explained on another forum:

...based on the more reliable reports it might look like:

Pre-deal £450m Moshiri debt, £250m TFG, £210m A-Cap (ex 777), £200m RMF

Post deal £0 Moshiri (now TFG owned equity), TFG ?£100m? to be replaced by long-term secured debt vs stadium (rest converted to equity), A-Cap £200m with a payment schedule/potentially replaced by long-term secured debt v stadium, £200m RMF to be replaced by long-term secured debt v stadium

So potentially still a significant debt but consolidated with high quality lender(s) to TFG secured v the stadium and likely carrying interest rates c. 5% lower than at present easing the PSR burden as soon as in place. Correctly managed the debt burden should gradually reduce over time, particularly factoring in revenue growth at BMD.

In short: let's stop believing Santa Claus has just tipped up. That stadium is going to do an awful lot of lifting on behalf of TFG.

Are we more stable with this deal? Yes, unquestionably.

Has it relieved us of all liabilities so we can go on a spending spree? Has it bollocks.

Time for the giddiness to stop and a reality check.

so why not go to the other forum if you believe whats been posted there instead of here? ever thought that could be wrong?

 

[Drico]

We wont even be going on a trip to Aldis.

Oh, I think we'll be fine.

Competence is what we have needed. We seem to have that now.

I mean, we've just come out of a clown show. One day at a time.

 

[Nymzee]

As opposed to being off this forum.

Which surely is never correct. Other forum must be a magical place.

 

[MikeH72]

The debt situation as explained on another forum:

...based on the more reliable reports it might look like:

Pre-deal £450m Moshiri debt, £250m TFG, £210m A-Cap (ex 777), £200m RMF

Post deal £0 Moshiri (now TFG owned equity), TFG ?£100m? to be replaced by long-term secured debt vs stadium (rest converted to equity), A-Cap £200m with a payment schedule/potentially replaced by long-term secured debt v stadium, £200m RMF to be replaced by long-term secured debt v stadium

So potentially still a significant debt but consolidated with high quality lender(s) to TFG secured v the stadium and likely carrying interest rates c. 5% lower than at present easing the PSR burden as soon as in place. Correctly managed the debt burden should gradually reduce over time, particularly factoring in revenue growth at BMD.

In short: let's stop believing Santa Claus has just tipped up. That stadium is going to do an awful lot of lifting on behalf of TFG.

Are we more stable with this deal? Yes, unquestionably.

Has it relieved us of all liabilities so we can go on a spending spree? Has it bollocks.

Time for the giddiness to stop and a reality check.

 

[Blue Willy]

We wont even be going on a trip to Aldis.

So say we spend £10m or perhaps £20m nett in Jan, will you come back on here and apologise for being a miserable scrooge, whilst were all balls deep in hope?

 

[The binman chronicles]

The debt situation as explained on another forum:

...based on the more reliable reports it might look like:

Pre-deal £450m Moshiri debt, £250m TFG, £210m A-Cap (ex 777), £200m RMF

Post deal £0 Moshiri (now TFG owned equity), TFG ?£100m? to be replaced by long-term secured debt vs stadium (rest converted to equity), A-Cap £200m with a payment schedule/potentially replaced by long-term secured debt v stadium, £200m RMF to be replaced by long-term secured debt v stadium

So potentially still a significant debt but consolidated with high quality lender(s) to TFG secured v the stadium and likely carrying interest rates c. 5% lower than at present easing the PSR burden as soon as in place. Correctly managed the debt burden should gradually reduce over time, particularly factoring in revenue growth at BMD.

In short: let's stop believing Santa Claus has just tipped up. That stadium is going to do an awful lot of lifting on behalf of TFG.

Are we more stable with this deal? Yes, unquestionably.

Has it relieved us of all liabilities so we can go on a spending spree? Has it bollocks.

Time for the giddiness to stop and a reality check.

Everton recently reduced the debt to R&M by 50/60m so that figure quoted is bollox...