The Friedkin Group reaches agreement to buy Everton

[allen]

Am I right in reading the docs this afternoon, that we borrowed £200 mill from 777, only have to repay £66 mill, while they (presumably ACAP) can get 10% equity in a few years time, via a meagere dividend until then!

That's how I read it, but I'm nowhere near an expert.

So minus the £66 million, it looks like £134 million 'borrowed' on a minimal interest rate remaining.

If that's converted to 10% equity, and it represented fair value, that would value Everton at £1.34 billion in 7 years time.

Which presently seems like way over the odds, and would mean we're effectively paying back significantly less than the £200 million.