New Everton Owners: The Friedkin Group

[Daveysgingerlovechild]

Could someone summarise for me in layman's? Am I reading the recent discussion correctly that the owners have saddled us with debt to buy us?

 

[pfim]

That’s reassuring (I think!). I was aware of a rule on leveraged buy outs but assumed once the transaction was executed owners could more or less please themselves.

Not sure what happens after a year, it becomes problematic to do a leverage test as the club's value will fluctuate. I assume financial health is based more on operating results.

 

[mikewex]

Could someone summarise for me in layman's? Am I reading the recent discussion correctly that the owners have saddled us with debt to buy us?

Probably not, it’s more likely a roll up of the Rights and Media and Acap loans into a single facility at a lower rate. But honestly it’s hard to know from a single charge document

 

[Lob]

Could someone summarise for me in layman's? Am I reading the recent discussion correctly that the owners have saddled us with debt to buy us?

All i know is that when the takeover was complete they had refinanced the majority of the debt bar 1 charge away from the club so we were pretty much debt free. Whatever happens since or in the meantime will just be how they are running and financing things. Not even worth worrying about. These guys know what they are doing and want to keep the club as low in debt as possible.

 

[Bedfordblue]

Could someone summarise for me in layman's? Am I reading the recent discussion correctly that the owners have saddled us with debt to buy us?

I suggested they might have, with the addition of a new loan being registered from JPMC, however it was subsequently shown that they can’t borrow more than 65% of the value under recently passed EPL ownership rules.

What is more apparent is they have refinanced some of the previous debt that was owed to some rather opaque lenders with new financing from highly respected Wall Street shysters.

 

[Pabbers]

Spoke to quite a few reds, and they seem convinced we have still got to pay for the ground.

To the point of arguiing the point, whta has made them think this ?

 

[Daveysgingerlovechild]

Probably not, it’s more likely a roll up of the Rights and Media and Acap loans into a single facility at a lower rate. But honestly it’s hard to know from a single charge document

All i know is that when the takeover was complete they had refinanced the majority of the debt bar 1 charge away from the club so we were pretty much debt free. Whatever happens since or in the meantime will just be how they are running and financing things. Not even worth worrying about. These guys know what they are doing and want to keep the club as low in debt as possible.

I suggested they might have, with the addition of a new loan being registered from JPMC, however it was subsequently shown that they can’t borrow more than 65% of the value under recently passed EPL ownership rules.

What is more apparent is they have refinanced some of the previous debt that was owed to some rather opaque lenders with new financing from highly respected Wall Street shysters.

Thanks all. From these, I'll take it that it's all a little bit unclear.

My natural inclination is to be nervous about such matters, given the various financial woes we've suffered this last few decades under different owners.

 

[Exeter_Gently]

Spoke to quite a few reds, and they seem convinced we have still got to pay for the ground.

To the point of arguiing the point, whta has made them think this ?

Jealously

 

[Bazlar]

Spoke to quite a few reds, and they seem convinced we have still got to pay for the ground.

To the point of arguiing the point, whta has made them think this ?

They'll be the same ones that said the ground wouldn't happen

 

[DualityNSNO]

They'll be the same ones that said the ground wouldn't happen

So Davek?

 

[b-rad]

Spoke to quite a few reds, and they seem convinced we have still got to pay for the ground.

To the point of arguiing the point, whta has made them think this ?

Pay who?
Do they think someone has built it themselves, and now we need to pay them 800m?

 

[Pabbers]

Pay who?
Do they think someone has built it themselves, and now we need to pay them 800m?

Mentalists, like other have said....it was never happening....then its sinking...then its flooding....then it looks like Tesco....and now it needs paying for.

 

[PSB1]

Spoke to quite a few reds, and they seem convinced we have still got to pay for the ground.

To the point of arguiing the point, whta has made them think this ?

Worrying lack of worrking synapses.

 

[Exeter_Gently]

Mentalists, like other have said....it was never happening....then its sinking...then its flooding....then it looks like Tesco....and now it needs paying for.

It keeps them up at night.

Everything about it kills them.

They can give the big "yeah but ya team is crap" shout all they want but the bare bones of it are we've just built an absolute stonker on the banks of the Mersey.

 

[b-rad]

It keeps them up at night.

Everything about it kills them.

They can give the big "yeah but ya team is crap" shout all they want but the bare bones of it are we've just built an absolute stonker on the banks of the Mersey.

We're a shambles on the pitch. We have a horrible manager. Our board and owner have been awol for quite some time, lumbering us with P&S issues over the last few years. There's a lot of ammo right there.

But the stadium is one thing that we got right.