Friedkin Group have only offered £66 million up front in repayment (was thought to have been £100m)
The rest is basically notes that give an annual dividend at a level just above base rate interest rate
(I speculate ?) plus then ACap or Leadenhall or another can convert the notes value to shares but only after 7 years (i.e. not till 2031)
You're seeing pro business people at work here
@PhilEFC in Friedkin Group
They are not wasting cash. They're not profligate with money
This is what we want at Everton. Money to be looked after and spent carefully