New Everton Owners: The Friedkin Group

[Goat]

15th eh and that was ten years ago so you are saying it's on!

2014–15 Leicester City F.C. season - Wikipedia

en.wikipedia.org

I checked, it was 14th!

1 July 2015	LB		Christian Fuchs	Schalke 04	Free[32]
1 July 2015	CB		Robert Huth	Stoke City	£3,000,000[33][34]
1 July 2015	CF		Shinji Okazaki	Mainz 05	£7,000,000[35][36]
3 August 2015	CM		N'Golo Kanté	Caen	£5,600,000[37]
3 August 2015	CB		Yohan Benalouane	Atalanta	Undisclosed[38]
19 August 2015	DM		Gökhan Inler	Napoli	£3,000,000[39]
4 January 2016	LW		Demarai Gray	Birmingham City	£3,700,000[40][41]
22 January 2016	CB		Daniel Amartey	Copenhagen	£5,000,000[42][43]
29 January 2016	GK		Daniel Iversen	Esbjerg fB	Undisclosed[44]
15 March 2016	LW		Faiq Bolkiah	Chelsea	Free[4

​

These are the signings they made.

 

[duncs pigeon]

Didnt Leicester finish 15th the season before they won the league?

Look, its not easy to do, but its certainly achieveable.

Boring I know, but just a season of sitting in 9th for the whole season will do more after the last few years, but no doubt I and the fanbase will be frothing if we aint 4th at Christmas.

Moyes out I say

 

[MikeH72]

Where are you getting the debt repayment saving of 50 mill mate - relief on interest on the multiple loans i.e. MSP, 777 R&M?

I heard the interest was costing us 5 mill a week.........

Do you have a source for this? It would be handy to cite it if so.

 

[Goat]

Do you have a source for this? It would be handy to cite it if so.

250m English pounds a year.

 

[MikeH72]

250m English pounds a year.

Incredible that we’ve only lost £53m despite paying £250m a year in debt interest alone.

 

[Goat]

Incredible that we’ve only lost £53m despite paying £250m a year in debt interest alone.

I saw 1m a week, which still seems a lot, but we didnt lend money from serious people and Moshiri never intended on paying it.

 

[MikeH72]

I saw 1m a week, which still seems a lot, but we didnt lend money from serious people and Moshiri never intended on paying it.

I remain sceptical that the Friedkins would’ve bought the club with £5m per week debt interest payments locked in.

 

[MisterJ]

When are we going into administration, lads?

48 hours

 

[matty1878]

I saw 1m a week, which still seems a lot, but we didnt lend money from serious people and Moshiri never intended on paying it.

thought they’d lashed the debt under the couch?

 

[Goat]

thought they’d lashed the debt under the couch?

Now yes.

 

[PeregrineT]

I saw 1m a week, which still seems a lot, but we didnt lend money from serious people and Moshiri never intended on paying it.

Right, in the accounts on page 19 it has the interest paid in two spots, increasing from 22m to 44m, so 1m a week is probably close.

 

[Neiler]

Right, in the accounts on page 19 it has the interest paid in two spots, increasing from 22m to 44m, so 1m a week is probably close.

Was a typo on my behalf, apologies!

I meant a million approx.

 

[PeregrineT]

Interesting read...a few surprises, I think first of which for me is why wages stayed almost the same. Maybe theres something Im not understanding about that, but player amortizations dropped drastically from our player sales, so I assumed all those wages were off the books and we had cheaper contracts coming in...It was also interesting to see Simms sale was somehow on last years accounts, even though it was announced and listed by everyone as July 7th.

We removed 130m of amortizations and only added half that so seems that would be more drastic than just a 3m drop in wages. The 10.5m special charge for restructure and fighting PSR charges I find funny, league hits you for PSR and then hits you if you spend money to defend yourself against the league. The 24/25 books will be radical looking with all the upcoming changes to interest as well. Now Im curious to find out the delayed PSR change means we still get the option to operate under the 85% of revenue rule or they changed that.

 

[PeregrineT]

Was a typo on my behalf, apologies!

I meant a million approx.

Yeah, and I forgot they also have a separate interest/taxation line on 5 of 9m, so it comes out to almost exactly 1m per week.

 

[SLAVEN BILIC]

Interesting read...a few surprises, I think first of which for me is why wages stayed almost the same. Maybe theres something Im not understanding about that, but player amortizations dropped drastically from our player sales, so I assumed all those wages were off the books and we had cheaper contracts coming in...It was also interesting to see Simms sale was somehow on last years accounts, even though it was announced and listed by everyone as July 7th.

We removed 130m of amortizations and only added half that so seems that would be more drastic than just a 3m drop in wages. The 10.5m special charge for restructure and fighting PSR charges I find funny, league hits you for PSR and then hits you if you spend money to defend yourself against the league. The 24/25 books will be radical looking with all the upcoming changes to interest as well. Now Im curious to find out the delayed PSR change means we still get the option to operate under the 85% of revenue rule or they changed that.

Simms’ sale was July 2023 so would fall in these accounts released today.