Jacko93
Player Valuation: £35m
That Twitter link doesn't explain anything new.
It means that eventually we will be paying it all, which was always the case. As far as I am aware though, the plan is still for the Council to lend us £280m initially until we pay it off over the 25 years.
In real terms the council aren't actually loaning anything to Everton, it would be better explained as allowing us access to favourable lending rates while charging a facilitation fee. Of course, legally, it's an LCC loan, but practically, it is not. It will hardly touch the account of LCC.