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New Everton Owners: The Friedkin Group

What do we reckon?

  • 👍

    Votes: 876 70.9%
  • 🤷 | 🧀🥪

    Votes: 301 24.4%
  • 👎

    Votes: 58 4.7%

  • Total voters
    1,235
Three games at Goodison in the next 10 days or so. If we win them all he stays for a little while longer, if we lose tonight he's gone, if we win tonight but fail to to win both of the home league games he's gone.
 
This is what we’ve done the last 2 times we’ve sacked a failing manager. Twiddled our thumbs, wasted the January window, brought no one in.

It’s the same rotten infrastructure from what I can see. If you were these people you’d bowl in and kick down doors. God knows this club needs it. What could they honestly be assessing? We are horrendous everywhere.
 


When a parent company like Roundhouse Capital secures additional funding from shareholders (£289 million in this case) and issues new shares (684 million), it is typically part of a strategic financial manoeuvre. Here’s why this might happen:

1. Debt-to-Equity Conversion

The funds raised could be used to convert existing debt into equity. This improves the balance sheet by reducing liabilities and increasing equity, which strengthens the club’s financial position.

Debt-to-equity conversions also help comply with financial regulations, such as those set by the Premier League regarding the ratio of debt to equity.

2. Financial Restructuring

Issuing new shares provides a way to bring in fresh investment, either to:

Inject much-needed working capital into the club for operational costs, transfer market activities, or infrastructure projects (e.g., the ongoing construction of Everton’s new stadium).

Replace high-interest debt with equity, reducing the financial burden on the club.

3. Compliance with Regulations

The Premier League has tightened rules regarding shareholder loans and financial stability. Raising funds through equity rather than loans helps Everton align with these rules. (Didn’t the forest chairman recently do this too?)

4. Stadium Completion and Strategic Investment

Everton’s new stadium represents a significant financial outlay. The additional funds and equity raised could be directed towards completing this project.

Funds could also be allocated for long-term strategies like enhancing the squad, academy, or commercial operations.

Positive in my view
 

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