Blue peter
Player Valuation: £35m
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The Friedkin Group reaches agreement to buy Everton
- Thread starter GrandOldTeam
- Start date
Based on @matty1878 and his '£200 quid' investment made by the Friedkins I reckon you actually now own the Club. Please let us know your plans going forward.
Damo_1878
Don't care. Not bothered.
12 months from Bramley Moore Dock too
Everton have several “legacy issues” for Dan Friedkin to deal with once he completes his takeover of the club, according to Kieran Maguire.
Speaking to TheBootRoom (8 July), football finance expert Maguire said that the Toffees still have roughly £390million in loans left to pay off from previous debt financing deals agreed by Farhad Moshiri
Speaking to TheBootRoom (8 July), football finance expert Maguire said that the Toffees still have roughly £390million in loans left to pay off from previous debt financing deals agreed by Farhad Moshiri
Toffe3m4n
Player Valuation: £80m
Surely he would've been aware of such before he decided to approach us either way..
and theyl be paid
brieverton
Player Valuation: £50m
Won't that be the RMF / A-Cap (777) and Metro loans? It shouldn't come as a shock to anyone. If anything, I would have thought that debt was higher than £390m. Perhaps Friedkin has agreed to pay both RMF and A-Cap a percentage each in order to ensure they do not oppose the takeover?
If Moshiri is selling up and receiving between £25-£50m then the rest of his notional debt has been written off which is great news for us.
If the takeover is completed, then being £390m in debt which can be consolidated and repaid at lower interest over a long term isn't a bad position at all to be in considering the stadium alone will be worth considerably more than that on its own, when it's finished.
A business cant be sold in the UK while having debt. The debt will need to be cleared before a sale can happen. In most likelihood Friedkin will pay it all off or he will loan to clear the debt but the debt will still remain.
That's lower then i would have thought. Though Metro was due to be paid off this summer.
We know we are going to restructure those.
Begs the question - how much did BMD actually cost the club...........
You sure about that?
Most businesses carry debit of some sort or other.
It would of course have to be part of any valuation, but doubt it would have to be settled.
Pretty sure Moshiri let slip before that interview with Jazz Bal it was running at £760m.
Made a mockery of DBB and her £500m fixed price contract.
Final figure probably north of £800m. For all his unbelievable failings, it's quite a legacy left my Moshiri.
Was more thinking of what it cost the club mate, if we come out of it with a stadium and a debt of £380 mill, that's pretty good for an £800 mill cost......
Yeah, good point
bargain?
Spurs have a long term debt on their ground of £851 million mate. They have a very nice interest rate of 2.79% on it mind.