New Everton Owners: The Friedkin Group

[Kevsleftpeg]

It wasn't there. If it was there would have been no need for Friedkin to provide "operational and stadium" funding

Maybe they did so at much better interest rate?

 

[Brisan123]

Jesus wept. You think commercial businesses should keep a running commentary of their financial difficulties? I thought you worked in business?

Nah he works in legal advising business

 

[Brisan123]

Don't people realise that as an adult you should have that function built in to you?

You are assuming adults on here have an adult intellect

 

[bluestevon]

That doesn't make sense. You say "I never said loan repayments go against profit" then in the next sentence you say the excess revenue used to repay the loan doesn't get posted as profit. Which is exactly what you didn't say. I'm not an accountant but I'm not sure principle repayments are accounted for as expenses and are therefore tax deductible for corporation tax purposes.

They are indeed deductable (I worked a few years at HMRC)

 

[CielosGrises]

Jesus wept. You think commercial businesses should keep a running commentary of their financial difficulties? I thought you worked in business?

A cynic might say being good at business is staying on message whilst everything is falling apart. Similar for politicians !

 

[BlueStevie35]

Don’t know if this was posted already but colour me shocked that he’s putting a negative spin on things

 

[tommye]

Well that's lovely, if it suits tommye from the illustrious grand old team forum then let's name it so, and sod the missed revenue and the commercial repurcussiions.

Went right over your dumb, empty, stupid head that didn't it.


You'll catch up one day.
Godspeed

 

[Ferguson1878]

All gone a bit quiet with these and I don’t like it , not one bit !

 

[Kevsleftpeg]

They are indeed deductable (I worked a few years at HMRC)

I’m a finance lawyer (not an accountant but I believe the following is correct: If you borrower money an asset (cash) and a liability (the debt) is created on your balance sheet but it has no impact on your income/profit and loss statement. Similarly, when you repay a loan your assets are reduced (since you use cash) but your liabilities are also reduced (since you have repaid the loan), again this has no impact on your income/profit and loss statement. Payments of interest are accounted for as an expense and do figure as a deduction on your income/profit and loss statement and reduce taxable profits. Repayments of principal are balance sheet items and aren’t tax deductible.

 

[Bryan+]

I see Damo is still using incredible business and legal acumen spent on a forum for 90% of his day - what a successful employee you must be, they must be devastated to lose such valuable insights to this message board.

 

[CJR]

Don’t know if this was posted already but colour me shocked that he’s putting a negative spin on things

This is just not news, the fit out cost were always to be provided by Everton once the build was finished? Nothing bad or negative about it, TFG will now I imagine want to oversea the fit out and have it in there image?

 

[Brisan123]

All gone a bit quiet with these and I don’t like it , not one bit !

As the Roma supporter said on here
They spoke when they bought Roma and then zero communication until they sacked De Rossi and then bought Everton
They don’t say a lot
They hire competent professionals and let them get on with their jobs and I assume they keep a watching brief

 

[Simon Buttle]

As the Roma supporter said on here
They spoke when they bought Roma and then zero communication until they sacked De Rossi and then bought Everton
They don’t say a lot
They hire competent professionals and let them get on with their jobs and I assume they keep a watching brief

If you look about how many actual owners do say that much? We are just used to a pair of interfering idiots who wanted to be a part of everything all the time.

 

[Brisan123]

If you look about how many actual owners do say that much? We are just used to a pair of interfering idiots who wanted to be a part of everything all the time.

Exactly why buy a dog and bark yourself

 

[Exeter_Gently]

All gone a bit quiet with these and I don’t like it , not one bit !

Relax you Big Turkey Duster ha