There will undoubtedly still be limits on what we can spend, but we will start to see some easing of the financial pressures. The Friedkin's will refinance stadium debt, making considerable savings on interest payments. We'll also start to see the start of increased revenue stream from the stadium, as season ticket prices will increase significantly, as well as revenue from however many new tickets are released. This money comes in before June 30th, so in this year's accounts. So we'll be far from spending freely, but should finally have a bit more wriggle room.
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The Friedkin Group reaches agreement to buy Everton
- Thread starter GrandOldTeam
- Start date
kent_blue
Player Valuation: £225k
Dyche would not play them not match fit
brieverton
Player Valuation: £50m
They need to learn from their mistakes at Roma where recruitment at all levels has been underwhelming at best. That should be their primary concern.
Poor recruitment is the driver of nearly every other problem at a club. Given there will be restrictions to begin with it's imperative they get that right. It starts with a decision on Thelwell.
The difficulty is the lurking threat of relegation. Even if some or most do not regard it as a clear and present danger, I think it will be there as a factor. For that reason alone, I think they will go with continuity as far as Thelwell is concerned. He will be given a mandate to plan for the medium term I expect and Dyche will be gone in May.
Poor recruitment is the driver of nearly every other problem at a club. Given there will be restrictions to begin with it's imperative they get that right. It starts with a decision on Thelwell.
The difficulty is the lurking threat of relegation. Even if some or most do not regard it as a clear and present danger, I think it will be there as a factor. For that reason alone, I think they will go with continuity as far as Thelwell is concerned. He will be given a mandate to plan for the medium term I expect and Dyche will be gone in May.
pfim
Player Valuation: £40m
We won't book any revenue on the new stadium until it's in operation. Cash may be received, but the revenue can't be booked until it's earned.
The P&L should be in much better shape than even last season, but we're still talking about a trailing 3 year measure. Not all of it will be cleaned out of the system.
CielosGrises
Player Valuation: £15m
Could make a big difference if Kev gets the players he wants rather than those whose terms he can manage.
whats the stadium debt ?
PeregrineT
Player Valuation: £35m
I think they will give Thelwell at least a year unless he decides to leave. Considering who he has brought in on a budget recently, they will want to see what he can do. Hes also gone after younger players, and the type of recruitment they have been trying to do at Roma, so it seems a good philosophy fit.
Season ticket revenue is effectively banked a year in advance- the for the first season at Bramley Moore will be in this years accounts.
chippy1722
Player Valuation: £35m
I wouldn’t trust him to be honest, wasting all our money on players that are poor but we could afford the terms, is shocking and unbelievably bad business. I would be scared giving him free rein with big money, he’s already spent a decent wedge on dross.
The £600m or so we’ve borrowed to build the stadium, add in the other debt we’ve acquired due to the appalling stewardship of Moshiri and Kenwright.
pfim
Player Valuation: £40m
CielosGrises
Player Valuation: £15m
Personally don't think he needs more money - just the cash flow to pay more up front - that would probably have got some of his preferred deals over the line.
Pre-Thelwell it seemed we needed to give away players for nothing. Since then he's sold Iwobi, Godfrey, Gordon, Onana, and some of our youth for real money.
I'm glass half full with him at the moment, especially as he's managed the wages bill too.
I admit Beto seems very expensive and a waste - maybe we'd be looking at it differently if DCL was injured.
We haven’t borrowed 600mil to build the stadium and I’m not sure how it works, the 200mil moshiri got off 777 paid towards the stadium and cash flow and 200mil rights and media also MSP, and then TFG have put money in to help with cost and to finish the stadium and cash flow. It’s not like they have a 600mil loan for the stadium like spurs had and paid 400mil to by the club on top .
Who knows how much TFG will say is loans. They’ve just come in and paid the debts that moshiri borrowed, they can covert that or part of it into equity, we’ve paid for the ground, not taken out a big mortgage to pay for it.
Yes that’s how I see it, when you go and want to buy a 30mil player, the 6mil a year over a 5yr contract is not an issue really.
It’s if the club selling want 15mil up
Front
You mean they're possibly not billionaires?Quid pro quo... As long as they get us a pot or 2 and have us competing in the top half of the table again, I'm happy.
Their website does look like it was done on a budget though!
Was hoping to also get a link to their published annual consolidated financial statements to have a look see at what we're dealing with, but I see they're a private group and not listed on any of the security exchanges.
I think we need some help from a poster or two. Any ideas? Anyone? anyone? Bueller?