New Everton Owners: The Friedkin Group

[Vintage]

Sounds to be as they will want us there early and for us to stay behind after the match. I'm assuming they won't be asking silly money for a pint, then?

Someone mentioned a few days ago about pints being £2 in the fanzone

 

[Connor mcloud]

Sounds to be as they will want us there early and for us to stay behind after the match. I'm assuming they won't be asking silly money for a pint, then?

Its gonna be over a fiver a pint at the very least,
More like £5.50/£6 in my opinion.
Look at town prices, look at concert venues/theatre's,
They ain't competing with Wetherspoons

 

[TimHowardsBeardJuice]

Right, theres much more than that, I just figured thats just an easy way to answer and show that 40 a ticket is actually a big revenue increase for basic seats. If our average matchday revenue went to 8th, tied with West Ham, it would be a 42m increase. Again, not including sponsorships, naming rights, and events.

That's THREE or FOUR 31 year old castoffs from Sky Six clubs or Barca that we can sign for big wages!

 

[AS Roma_fan]

Do they attend Roma games or generally stay away from them?

They attend many games throughout the season.

 

[Vintage]

Sounds to be as they will want us there early and for us to stay behind after the match. I'm assuming they won't be asking silly money for a pint, then?

Black horse for me

One of the things I'm not looking forward to about the move is the whole "matchday experience" and fanzone malarkey, feels a bit forced and that they're wanting to milk us. The rumoured £2 a pint in the fanzone will soften the blow a bit though.

 

[Vintage]

They attend many games throughout the season.

Thanks mate. Just one other thing, have ticket prices, food and drink prices increased by much in the Stadio Olympico since they took over?

 

[captainvindaloo]

This made me imagine a hologram BK as you enter the stadium

"Are you ready for GOOOOOOD TIMES!!"

That would be akin to entering a haunted house on Halloween Terrifying!!!!

 

[rochdaleblue]

It will be closer to £70 per ticket for Bramley Moor believe me

I’ll meet you half way. I guess it will be £50 -£55

 

[Damo_1878]

The RMF debt is hugely substantial. These people are leeches like payday loans.

The two biggest creditors are now ACap and RMF (and obviously Freidkin). Outside of them, there are very few creditors, the club is effectively debt free. Which also means free of 60m or so debt repayments.

TFG debt will be wiped out, I think ACap will be resolved, and it's reported RMF will be gone. The club is in a comparatively strong position, quite possibly the strongest it's been in, in 6 or 7 years. If you remove the debt interest repayments, it's close to being cash flow positive.

We are in complete agreement (emboldened bit)

If you are owed money, you may receive that back in the form of equity in the business.

So let's say someone is owed 200m and the business is valued at 1bn, the business can issue shares to give them a 20% stake on the business.

It's not that uncommon. Debt isn't always bad, but it allows for a companies balance sheet to look better.

Debt isn't bad, when it's used to - drive growth that exceeds the value of the debt

However, Bill Kenwright et al. used the R&MF loans to merely cover up their incompetence

It's been hugely damaging to the club. The issue was Bill Kenwright, not the loaning party. The "Chairman" was the one that arranged the loans

 

[LucBesson]

Got bad vibes from Textor. Got really bad vibes from 777.

So this is the best possible solution.

Off the field, the only way is up.

On the field, we have a really good opportunity to rebuild with only 12 senior players on the books (less if Branthwaite or whoever else go).

Now we have to get the fine balance between staying up and building long term. Dyche (in theory) only ever ticked the first box.

 

[OnlyTheBestIsGoodEnough]

Right, I dont have any details but from what Ive heard discussed in the media, which to me seems to suggest:

Current debt
1. 200m to Friedkin at unknown interest rate
2. 200m to 777/ACap at what we believe is like 10-11%
3. 225m to RMF at 10.5%

Annual interest costs of 62.5m a year. Next years plan:

1. 200m Friedkin converted to equity
2. They pay something like 150m to pay off the 200m 777/ACap loan.
3. They pay off a portion of RMF, but renegotiate or refinance the rest at a much lower rate secured on the stadium. Lets say 180m at 6%.

Annual interest costs of 10.8m a year. Savings of 51.7m, and stadium brings another 50-60m in new revenue. Next years budget is 100m to the better. Now I can also see them taking some of what they pay off the 777 with and just do a bigger loan secured on the stadium, like 300-350m. Id love for them to pay it all off but from what I heard in the media(could of course be wrong) it seemed they want to secure some of it on the stadium for now.

I believe I read somewhere the RMF loan is down to £150m now but my hope is that it is paid off asap, so they have no more control of this club

 

[hoppy]

Dan Friedkin is believed to be highly likely to add Toyota as an Everton sponsor once he completes his takeover, according to The Athletic.

Matt Slater wrote for the outlet’s website on 23 September that the financial situation looks set to improve greatly at Goodison Park with the American coming in, as the current debt replaced by his cash and potentially cheaper borrowing, and the Toffees should be a more sustainable business especially once they move into their new stadium.

 

[Peter Kelly Satis61]

Hahaha. Like it !! Black Horse for me. One of my favourites year's ago. Now just have the one at Halftime. Hahaha. Looking forward to the New owners. UTFT.

 

[Damo_1878]

Right, I dont have any details but from what Ive heard discussed in the media, which to me seems to suggest:

Current debt
1. 200m to Friedkin at unknown interest rate
2. 200m to 777/ACap at what we believe is like 10-11%
3. 225m to RMF at 10.5%

Annual interest costs of 62.5m a year. Next years plan:

1. 200m Friedkin converted to equity
2. They pay something like 150m to pay off the 200m 777/ACap loan.
3. They pay off a portion of RMF, but renegotiate or refinance the rest at a much lower rate secured on the stadium. Lets say 180m at 6%.

Annual interest costs of 10.8m a year. Savings of 51.7m, and stadium brings another 50-60m in new revenue. Next years budget is 100m to the better. Now I can also see them taking some of what they pay off the 777 with and just do a bigger loan secured on the stadium, like 300-350m. Id love for them to pay it all off but from what I heard in the media(could of course be wrong) it seemed they want to secure some of it on the stadium for now.

The seniority of the debt has R&MF ahead of 777/ACAP and the interest rates are higher and the latter is is unsecured debt.

You pay off R&MF immediately. Get rid of their loans entirely.

The R&MF loans are Bank of England base rate +4.5-+5.5% p.a.

 

[AS Roma_fan]

Thanks mate. Just one other thing, have ticket prices, food and drink prices increased by much in the Stadio Olympico since they took over?

They cut prices right after COVID. Since the reopening the stadium has always been sold-out.

Roma is 7th in Europe for attendance despite average league results in the last 5 years.

Man Utd 3rd, West Ham 8th, PSG 28th - Top 50 highest average attendances in Europe 2023/24

Here at Transfermarkt, we have put together a list of the top 50 clubs with the highest average attendances across Europe in league games this season, and there are some very surprising results.

www.transfermarkt.com

I think they'll raise the prices in the future because demand has grown unexpectedly. Before COVID average attendance was way lower despite better results on the pitch. I suspect this is due to the fact many more women and young people attend. The percentage of women and teens is much higher than pre-covid. In general, curva sud aside, it's a younger, slightly quieter audience. Imho they succeeded in turning the stadium experience into something trendy.

As for food and drink, a bit more expensive, but we have to take inflation into account. Prices for food and drinks are high in the Monte Mario stand. Together with CONI and Lazio they rebuilt the interior of the Monte Mario stand, which is now a luxury stand with 5 stars restaurants, sky boxes and so on.

For the average attendant the prices are ok.