The Friedkin Group reaches agreement to buy Everton

[Hinchcliffe's Corner]

Regarding prices for tickets, booze etc, surely everyone realizes this was going to increase when we move stadium to cover more expensive overheads right? This will have little to do with a new owner.

 

[Jacko93]

Give up mate he won't be told.

He has an agenda and he won't be swayed. I shared the extract from the programme notes from the opening game of the season August 2024, so fairly recent, but yeah he's convinced he's lieng so he won't be swayed.

Someone uses a term "distressed seller" and he bites doesn't even have the intelligence to realise it might be a tactic to get investors by Textor at that point. Make out someone is desperate and it pulls people in.

Is he really a "distressed seller" if he's chosen who he's selling to?

 

[Bedfordblue]

Is he really a "distressed seller" if he's chosen who he's selling to?

I did wonder if that comment in Textors prospectus gave Mosh the hump and he’s just though you can GTF Textor you cheeky get

 

[9LeagueTitles5FACups]

 

[jinkyali]

Yesterday was monumental wasn't it lads.

The end of Farhad.
Huge level of expensive debt paid off.
Moving into a new stadium.
Hope.

 

[blulouie]

Yesterday was monumental wasn't it lads.

The end of Farhad.
Huge level of expensive debt paid off.
Moving into a new stadium.
Hope.

Not just yet

When it's passed the relevant tests , of which I have no doubt whatsoever then it's jars out all around.
Hopefully very soon.

 

[Drico]

Yesterday was monumental wasn't it lads.

The end of Farhad.
Huge level of expensive debt paid off.
Moving into a new stadium.
Hope.

Dave thread banned.

Although I think that was unnecessary, myself.

 

[matty1878]

Yesterday was monumental wasn't it lads.

The end of Farhad.
Huge level of expensive debt paid off.
Moving into a new stadium.
Hope.

it was can hopefully start now a new era

( i’m hoping we buy in jan tho! )

 

[Milk]

Yesterday was monumental wasn't it lads.

The end of Farhad.
Huge level of expensive debt paid off.
Moving into a new stadium.
Hope.

It's the hope that kills though

Mean time, I'm Friedkin delighted (& that gets passed the GOT swear filter)

 

[kev]

Dave thread banned.

Although I think that was unnecessary, myself.

Which bit was unnecessary?
The 'thread' bit?

 

[Damo_1878]

According to the Athletic while unknown they think 777/A-Cap is much higher, as "we know that A-Cap has been borrowing money itself at 18 per cent". Then 777/A-Cap would seem first priority and sounds like they have come to terms on it. I am unaware of any evidence that its unsecured rather than just junior to the other loans, so paying back RMF would then move it up and I suspect give A-Cap more leverage if they have indeed cut a deal.

According to the Guardian "The company has also agreed a deal to repay some or all of the £225m loaned to Everton by Rights and Media Funding. That loan has an interest rate of 10.25%" So it seems they have a deal for all of the 777/A-cap loan, and at least part of RMF. Apparently as of a week ago the Athletic reported the RMF was paid down to 150m recently. That means RMF is costing 1.3m in interest monthly and 777/A-Cap 1.8-3m.

https://www.nytimes.com/athletic/5646879/2024/07/19/everton-friedkin-takeover-off-explained/

Friedkin Group agrees deal to buy Everton from Farhad Moshiri

The Friedkin Group has agreed a deal to buy Everton two months after pulling out of talks to purchase Farhad Moshiri’s 94.1% shareholding

www.theguardian.com

https://www.nytimes.com/athletic/5762252/2024/09/13/textor-everton-bid-lyon-palace-explained/?source=emp_shared_article

There is lots of evidence it is unsecured and junior debt

Including in court filings in the Leadenhall case in the US



Also the Rights and Media Funding loan interest rates was covered explicitly in the PSR case in evidence to the independent commission

It's literally written in their decision document.

 

[Moderatelywarmwater]

European qualification in two years from next august folks… it’s on the way.

 

[matty1878]

It's the hope that kills though

Mean time, I'm Friedkin delighted (& that gets passed the GOT swear filter)

the first paragraph ?

 

[jinkyali]

European qualification in two years from next august folks… it’s on the way.

That has to be the aim. Europa conference within two years.

 

[Connor mcloud]

Was referring to season ticket prices per match.

My rs brother in law has a season ticket in the main stand and he said his works out at £47ish a match, just over £900 a season,
Would we pay more than Liverpool? You'd like to think not, but who knows