New Everton Owners: The Friedkin Group

[Blue Willy]

PS. Hope says hi.

 

[ashwuk76]

PS. Hope says hi.

Bob or No? there are only 2....

 

[Goat]

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.

 

[Tommy.]

You can have the whole gospel choir today mate,

One of those rare blue love-in days isn't it mate!

All the best to you and yours on this happy Friedkin day, and to all those who have suffered under her sail.

 

[Blue peter]

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

Surprised he got through the pearly gates to be honest - must have conned his way in with three free tickets to Blood Brothers

 

[Woolverhampton_Blue]

Happy takeover day everyone! UTFT

 

[Blue peter]

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.

I’m expecting a charge to be filed in the coming days from Ocean Finance

 

[Marius57]

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.

Do you maintain a contrarian persona on the other forum as well? Or is your persona on that one supportive of the club?

 

[tommye]

YEEEEHAW

View attachment 286840

Think he begins to regret his choice of attire about 3 seconds in

 

[COYBL25]

So what will make you happy? Our doom?

A turbine blade coming loose during the opening ceremony with Kier ( Red Tory ) Starmer and Steve “ kin Tory rat “ Rotherham and cutting them both in half.

 

[Jimishorts]

The debt situation as explained on another forum:

There are other forums?

 

[Azza]

Up the Friedkin Toyota Toffees!

Is that the Grey Wolves Everton supports group, headed by Cenk Tosun.

 

[Thomasc]

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.

You really should spend more time on there.






And less on here.

 

[davek]

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

Whatever.

The situation is debt is being converted AND restructured. It's not gone away with a TFG purchase. And the stadium debt will be long term - just that it'll be on more favourable terms of repayment to lenders TFG get interested in this.

As said: that stadium will be sweated. It's the cornerstone of this takeover and you best believe prices will be rocketing in the next few years.

Let's hope they can get some deals done on concerts and other events at the new stadium. That'll help no end.

 

[Azza]

Whatever.

The situation is debt is being converted AND restructured. It's not gone away with a TFG purchase. And the stadium debt will be long term - just that it'll be on more favourable terms of repayment to lenders TFG get interested in this.

As said: that stadium will be sweated. It's the cornerstone of this takeover and you best believe prices will be rocketing in the next few years.

Let's hope they can get some deals done on concerts and other events at the new stadium. That'll help no end.

Hahaha, how old are you? 14?