[Hunter, Guardian] “It is understood Friedkin has an agreement to pay off A-Cap. The company has also agreed a deal to repay some or all of the £225m loaned to Everton by Rights and Media Funding.”

by Giraffe_Baker

6 Comments

  1. Joyce also saying similar in his piece for The Times:

    >It is difficult to put an exact figure on the value of the takeover, but TFG’s initial financial commitment could be around the £500million-mark and paves the way to clear the club’s debts.

    >positive talks subsequently took place over the repayment of the A-Cap loan, which is likely to mean that TFG pay less than the full £200million and which will also need to be signed off by a court once the Leadenhall case is setlled.

  2. Gullible_Test_1543 on

    This is absolutey, positively huge if so. Going into the new stadium debt-free is about as big a ‘new dawn’ we could hope for financially.

  3. Being even nearly debt free would free up enough money from the insane interest rate payments we were making that we would effectively become self sufficient.

  4. You know what’s so good about this? It’s REAL money, not the Monopoly money bought with fucking V-Bucks that 777 vomited into the club.

  5. Reducing our debt, reducing yearly interest payments, and improving our sponsorship revenue will have us feeling like we’re soaring financially.

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