New Everton Owners: The Friedkin Group

[Daveysgingerlovechild]

Could someone summarise for me in layman's? Am I reading it correctly that the owners have saddled is 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.