New Everton Owners: The Friedkin Group

[Rooney_Tunes]

Imagine what a competent board and a few competent people in the right positions could do with a zero debt balance sheet and a world class, brand new, state of the art stadium in a world class iconic location in the richest league in world football

Is it 99.9% now?

 

[Drico]

View attachment 274636

That cartoon really did sum up the Kenwright era, didn't it?

 

[catcherintherye]

Short term at least I can see Roma moving several players into Everton (both Bove and Abraham I believe are possible ones in the future), wouldn't utterly shock me to see a deal thst sees DCL move to Rome in January with Abraham moving in a separate deal the other way. Similarly can see a option were Fiorentina cancel Boxes loan - we cancel Mangala (which now seems weird as it was obviously Textor influenced) he then goes Fiorentina and Bove stays at Rome or goes here.

Short term at least the Roma will be the senior club - it simply is more advanced and stronger in every way than we are (with less difficult roadblocks ahead for progression).

Long term wise ultimately it should benefit both sides, open access to each others teams resources and scouting departments, shared knowledge etc, the ability to shift certain players around depending on the needs of both sides.


Wouldn't shock me to find out in the future the agreement to pay off the RMF loan went along the line of - take the settlement offer or once we take over we will ask an independent commission to look into the nature of this loan to see if it breached any rules (or at least the negative PR to both RMF and the image of Kenwright and his mates would have been substantial once the interconnecting web was shown) RMF tol essentially your bleeding of the club is over - settle on how many hundreds of millions you've already essentially stolen from the club and don't push it any further.

Same with ACAP - told to take the offer or after buying the club we'll wait for the court case resolution and we know we'll be paying pennies in the pound afterwards.

Think TFG are serious businessman and acted as such mate.

Not sure how the RMF loan will get sorted mate, but probably some brinkmanship.

Re ACap I suspect it will be resolved a different way mate.

 

[Drico]

People congratulating themselves that Everton "have more potential" than Roma for the Friedkins need to remember this when lamenting the inevitable rise in ticket prices and other paraphanelia that will eventually ensue.

The Premier League isn't instrinsically more attractive than Serie A or the Bundesliga. It's simply that the Premier League has sold its sold to the devil in ways that Serie A couldn't and the Bundesliga wouldn't.

The buccaneering capitalism of Tory Britain birthed the Premier League. The Football League and then Football Association were sidelined in favour of private capital. These were all choices, based on the particular culture of the UK.

So, when people congratulate themselves that Everton have more financial potential than a huge club like Roma, remember why that is and accept that this invariably means the further endangerment of working class inclusion when the new stadium arrives.

Basically, we don't want the German model of fan ownership (I mean, some of us do, but the country as a whole won't tolerate it), and we can't have things both ways.

 

[msb]

Not sure how the RMF loan will get sorted mate, but probably some brinkmanship.

Re ACap I suspect it will be resolved a different way mate.

To be honest, whatever they are going to do with the external loans will already have been agreed, the numbers are too big to decide after the deal.

My guess is both have agreed a final settlement sum.

 

[Vintage]

i would smash this

That you would matty . That you would

 

[brieverton]

I haven't seen anything to suggest debts will be paid in full - is this the case? They clearly seem to have reached an accomodation with A-Cap but will be RMF loans be paid off in full also? That organisation has been a moose on the clubs neck.

 

[Terrarian]

It's going to feel like ages until this is signed off and I bet about 99% will be expecting something to go boobs up.

 

[oglop44]

Truly baffled we didn’t have an official FX partner before.

We've had one since 2017, first Blackwell: https://www.globalbankingandfinance...d-brokerage-partner-of-everton-football-club/

Then Moneycorp in 2019: https://intrademagazine.com/everton-football-club-signs-new-partnerhsip-with-moneycorp/

Then Sokin in 2021: https://sponsorship.org/everton-agrees-partnership-deal-with-sokin/

 

[Bedfordblue]

Yesterday was monumental wasn't it lads.

The end of Farhad.
Huge level of expensive debt paid off.
Moving into a new stadium.
Hope.

Sat v Palace will soon knock that out of you.

 

[Neiler]

,

Have read some conflicting stuff on the R&MF one. Some say that's being paid off immediately, but some say it's only partially being paid off initially.

It's late, so I'm probably forgetting something important, but something at the back of my mind says that it was R&MF who were the first ones to torpedo a takeover deal for us as their terms must give them a veto of some sort on change of ownership? Would be surprised if they were happy to be repaid completely up front as they're losing millions in interest, but no idea if they have a say in that.

I’m not sure it was acknowledged much on here mate but the club was reported to have reduced the debt to Right and Media to £150 mill.

Matt Slater is the Athletic was the source, won’t post the article, but here the gist we owe R&M 150 mill now - so R&M could be lower then many and main media outlets are reporting.

Prior to any repayment the schedule for repayment of the R&M facilities where £150 million facility repayable before 30 June 2028, £52.8 million repayable before 30 June 2026 and a €28 million facility repayable before 30 April 2026.

I suspect how this is managed is based on a couple of things the cost of interest vs the cost early payment clauses, vs the cost of restructring if required.

In all honesty if I’m TFG, I’m weighing this up fairly carefully, it’s always better to use someone’s else’s money rather then your own, unless it makes sense to use your own.

 

[matty1878]

That you would matty . That you would

 

[Brett Angell Delight]

I haven't seen anything to suggest debts will be paid in full - is this the case? They clearly seem to have reached an accomodation with A-Cap but will be RMF loans be paid off in full also? That organisation has been a moose on the clubs neck.

Nothing worse than a moose on your neck

 

[AndyRJ]

,

I’m not sure it was acknowledged much or anyone bar me noticed on here mate but the club was reported to have reduced the debt to Right and Media to £150 mill.

Matt Slater is the Athletic was the source, won’t post the article, but here the gist we owe R&M 150 mill now - so R&M could be lower then many and main media outlets are reporting.

Prior to any repayment the schedule for repayment of the R&M facilities where £150 million facility repayable before 30 June 2028, £52.8 million repayable before 30 June 2026 and a €28 million facility repayable before 30 April 2026.

I suspect how this is managed is based on a couple of things the cost of interest vs the cost early payment clauses, vs the cost of restructring if required.

In all honesty if I’m TFG, I’m weighing this up fairly carefully, it’s always better to use someone’s else’s money rather then your own, unless it makes sense to use your own.

I suspect this is one of a few things that has helped them agree a workable deal. Reducing that debt by £50-£75m plus giving Moshiri less (reported he'll get £25m) is nothing to be sniffed at. I'm sure they've also managed to agree some sort of deal/ reduction on the A-CAP debt as well.

 

[Neiler]

I suspect this is one of a few things that has helped them agree a workable deal. Reducing that debt by £50-£75m plus giving Moshiri less (reported he'll get £25m) is nothing to be sniffed at. I'm sure they've also managed to agree some sort of deal/ reduction on the A-CAP debt as well.

My thinking also mate!