New Everton Owners: The Friedkin Group

[pfim]

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

Principal repayments are not deductible. Interest payments are.

 

[badloaf]

Everton’s former chief Keith Wyness has revealed it is “99.9% certain” Dan Friedkin will get legal approval from Leadenhall to buy the club.

Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – claimed the legal battle is “the only thing” which could have put a spanner in the works for the US billionaire.

Why is anyone paying attention to that fat fraud? He keeps inserting himself in to any conversation he can, presumably so he can pretend he’s still relevant and try to grab more cash off halfwits who know nothing about sport.

Anyone who has worked on the ‘business’ side of Everton since John Moores popped his clogs should be ignored. They’re all guilty of helping to drive this club into the ground. It’s not all on the thick Iranian.

 

[blue to the bone]

He's an enemy to humanity.

In layman's terms.
He's an arsehole

 

[W84 Dum Freeze]

Takeover is off mate Everton that!!! Hahahahahahahahahaha!!!!

Meanwhile, back at the news-D-esk...

Google Image Result for https://lab.cccb.org/wp-content/uploads/fakenews_lab.jpg

 

[Damo_1878]

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.

I'm not an "employee".

Thanks for your concern

Principal repayments are not deductible. Interest payments are.

Correct. This was about retaining money in the group entities to maximise investment whilst being tax efficient. That was all.

I appreciate the wording used wasn't clear but as the previous concerned poster said, this is just a message board not board meeting minutes or a business plan.

Some great posters on here like @billypatrick @Kevsleftpeg who wanted accuracy . Fair enough. Billy suggested carrying loses forward which is fine but there is limits. It'll no doubt be that Friedkin adopt multiple approaches from advice from finance professionals. I was merely saying to @Neiler there are options now for tax efficiency. To maximise our potential

Previously under the last regime things were dire.

 

[Damo_1878]

So Leadenhall want to make sure that any money they claim they are owed on the assets of 777 isn't materially effected by any deal struck between the TFG and A-Cap and any haircut we negotiated with them as part of the TFG takeover.

If accepted by the court, Leadenhall's case wont be materially effected by the agreement between TFG and ACAP.

So we want the court to accept this.

Correct. This is just formalities. But a process. No different to what Paul Brown said weeks ago. This deal to buy the club won't be officially complete until after Christmas

 

[Goat]

Correct. This is just formalities. But a process. No different to what Paul Brown said weeks ago. This deal to buy the club won't be officially complete until after Christmas

 

[Brisan123]

Damo will be along shortly to defend his beloved.
Watch yourself, he may try boring you to death.

Correct. This is just formalities. But a process. No different to what Paul Brown said weeks ago. This deal to buy the club won't be officially complete until after Christmas

Took just 2 posts for your prediction to come through

 

[Damo_1878]

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?

That simply is not true. It's been misrepresented. You can't say "finalise the stadium build" as Colin Chong has said multiple times then exclude the fit out

They are clearly one and the same as the club cannot use a non finalised stadium

People can try and misrepresent it in a vain attempt to make Colin Chong and the club look better. But the fact is it was misrepresented and required £60 million of additional Friedkin Group finance to finalise the funding of the stadium

The direct opposite of what Colin Chong said

 

[Damo_1878]

Took just 2 posts for your predatory come through

It was to say there is a court hearing in New York later today about it. That's all.

 

[Brisan123]

That simply is not true. It's been misrepresented. You can't say "finalise the stadium build" as Colin Chong has said multiple times then exclude the fit out

They are clearly one and the same as the club cannot use a non finalised stadium

People can try and misrepresent it in a vain attempt to make Colin Chong and the club look better. But the fact is it was misrepresented and required £60 million of additional Friedkin Group finance to finalise the funding of the stadium

The direct opposite of what Colin Chong said

But you have no idea if the funding was agreed and in place but not drawn dow

 

[Damo_1878]

But you have no idea if the funding was agreed and in place but not drawn dow

I do and it wasn't.

 

[brieverton]

So Leadenhall want to make sure that any money they claim they are owed on the assets of 777 isn't materially effected by any deal struck between the TFG and A-Cap and any haircut we negotiated with them as part of the TFG takeover.

If accepted by the court, Leadenhall's case wont be materially effected by the agreement between TFG and ACAP.

So we want the court to accept this.

The court hearing is at 8pm UK time.

Seems very doubtful that we would get a resolution then on an issue that has this degree of complexity.

Nothing I have read since last Monday's announcement indicates the takeover is materially subject to the approval of the New York court.

The joint statement referred to the FCC / FA / PL approval only.

Surely TFG were confident in the robustness of the agreements that are in place and in their own legal advice before going public with the announcement, particularly given their caution previously. I would imagine such advice does not come cheap but lawyers are not infallible either.

It's a little nervy to read anything that involves a court decision pending though.

It would be good to have some reassurance here on what the worst scenario is. Does an adverse judgement mean the potential payback is just higher whilst the takeover proceeds per the expected timeline?

I assume TFG have a plan B and Plan C for any increased liability at a later date if that happened.

 

[Goat]

The court hearing is at 8pm UK time.

Seems very doubtful that we would get a resolution then on an issue that has this degree of complexity.

Nothing I have read since last Monday's announcement indicates the takeover is materially subject to the approval of the New York court.

The joint statement referred to the FCC / FA / PL approval only.

Surely TFG were confident in the robustness of the agreements that are in place and in their own legal advice before going public with the announcement, particularly given their caution previously. I would imagine such advice does not come cheap but lawyers are not infallible either.

It's a little nervy to read anything that involves a court decision pending though.

It would be good to have some reassurance here on what the worst scenario is. Does an adverse judgement mean the potential payback is just higher whilst the takeover proceeds per the expected timeline?

I assume TFG have a plan B and Plan C for any increased liability at a later date if that happened.

Ask Alan Myers.

 

[Brisan123]

I do and it wasn't.

And where did this information come from
Please don’t say the Echo or the esk or you will lose whatever shred of credibility you have left