New Everton Owners: The Friedkin Group

[Damo_1878]

Im shocked that a multi-billion pound company bends the truth a little.

Why cant they just be honest and say "We are skint and we have messed up big time".

They did @Goat

They really did. Continuing up to TFG entering the chat

 

[Goat]

They did @Goat

They really did. Continuing up to TFG entering the chat

More fool you for listening to anything this football club chats.

 

[Modern07]

the positive news is that this is being held in a New York court room which is "generally" pretty sensible when it comes to Business Litigation matters

 

[Osamabindiesel]

The infamous 99.9%. Uh oh. I’d be more confident with 99.8% or even 1%

 

[Runub]

Should be a boss exciting thread this. Finally good news for us fans, instead its being absolutely dominated by same person that ruins half the good posts

Indeed. However, he’s not bothered

 

[Damo_1878]

Indeed. However, he’s not bothered

He's (@danny147 ) just crying and whinging like in the Dele Ali thread.

Until the last page I hadn't even posted in two pages

Also I physically can't "ruin" other people's posts!

 

[matty1878]

God there are some tedious people in this thread. I get being interested in football, but seriously, wasting your lives worrying about business deals you know nothing about and can affect even less is ridiculous.

i know. TFG - we are their new rich hoes!

 

[tonyhorne]

God there are some tedious people in this thread. I get being interested in football, but seriously, wasting your lives worrying about business deals you know nothing about and can affect even less is ridiculous.

Yeah. They should stick to picking the team and advising the coaching staff on tactics ...

 

[Curtis]

i know. TFG - we are their new rich hoes!

I'm worried about you Matty

 

[matty1878]

I'm worried about you Matty

so am i mate

 

[Curtis]

so am i mate

I like happy Matty but it's so different from the usual sad Matty posts , it will take me a little bit to fully process it

 

[matty1878]

I like happy Matty but it's so different from the usual sad Matty posts , it will take me a little bit to fully process it

i’m probably manic so it’s a good matty for now.

 

[bluestevon]

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.

In a nutshell then yup - how you understand it is correct, you explained it far clearer than I'd be able to do as well so kudos.

I finished up working there 15 odd years ago though, but in terms of profit, deductions and taxable profits, well not much czn majorly change in terms of the laws governing them (doing so would overnight decimate the loan industry btw and cause business growth to shrink)

 

[Exeter_Gently]

I saw Ben Jacobs tweet, and it jumps the gun a little.

Of course Leadenhall will have concerns but the court papers go on to state that A-Cap have undertaken to provide information on the terms subject to a non-disclosure agreement.

We may get more information after the hearing as to whether A-Cap have made the details available to the court. You would assume then that Leadenhall's lawyers will scrutinise it.

That's the bit that will take some time. Jacobs goes on to say that TFG are confident of completion within 2+ months. If it all ties in with the regulatory and FA/PL approval then its just a case of waiting, but we knew that last week.

He loves trying to put the spooks up Blues...He was the Merkin that was waffling TFG wanted Southgate.

 

[tommye]

Also I physically can't "ruin" other people's posts!

You just kill conversations with your loud shouty boring tool way of posting, to the point people can't be arsed replying because Damo just starts shouting the same thing over and over and over again like Stewie shouting Lois.
No offence like.