Damo_1878
Don't care. Not bothered.
That's interesting
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The Friedkin Group reaches agreement to buy Everton
- Thread starter GrandOldTeam
- Start date
That's interesting
Damo_1878
Don't care. Not bothered.
You obviously had your fans hat on when you typed that and not your legal or business cap on
£250 mill.
Damo_1878
Don't care. Not bothered.
It'll help repay some of the loans from Friedkin at least.
City had to be careful with all the related party sponsorship stuff
Believe the priority will be the paying down of high cost debt, we’l be restructuring on the ground to. Be a Hybrid of investment and restructuring!
Damo_1878
Don't care. Not bothered.
There will for tax efficiency reasons.
(Low interest) loans helping the club keep itself tax efficient
It's certainly going to be a better financial position for the club in two or three years.
Not fantasy economics and we won't be crazy spending based on fantasy revenues (see my post on last page)
But there is a viable business there. For sure with the high interest debts terminated
Green shoots of a business
It’s the best I think we can hope for given the circumstances and to be frank probably what’s needed, the club needs to wash its own face and starts with the business being viable again.
If TFG were to throw money around, statement signing and the like I’d be concerned.
We have a chance now to get back to ground zero, grow revenue to Villa, WHU and Newcastle levels, if we are savvy in the market, pick and commit to a plan and future direction of the team - we can be very hopeful of competing with those clubs on and off the pitch - then have a look up, be a year or two off mind and that’s getting things very right.
There is going to be a lot of moving parts on and off the pitch mate.
Damo_1878
Don't care. Not bothered.
Incase anyone starts trying to argue with what I said about "tax efficiency" just because I posted it
:The club will take a loan from Friedkin Group or similar at low interest. Rather than post profits it will use any excess to repay said loan (keeping the revenue in the inter company business) and then reinvest said money without paying excess corporation tax. With further loans or similar
That's tax efficiency that all business directors should be aiming for @Neiler
Lots of options when you're not being crucified every year with loans to Rights and Media Funding at Bank of England base rate +5.5% !
billypatrick
Player Valuation: £225k
This doesn’t make sense. Loan repayments don’t go against profit.Incase anyone starts trying to argue with what I said about "tax efficiency" just because I posted it
The club will take a loan from Friedkin Group or similar at low interest. Rather than post profits it will use any excess to repay said loan (keeping the revenue in the inter company business) and then reinvest said money without paying excess corporation tax. With further loans or similar
That's tax efficiency that all business directors should be aiming for @Neiler
Lots of options when you're not being crucified every year with loans to Rights and Media Funding at Bank of England base rate +5.5% !
Further, the club has been loss making for a number of years and so gets to carry forward these losses to offset against any future taxable profits. So it could be a while before the club has to worry about paying corporation tax.
