I want a win. We are on TV and in my head I want to stick it to the PL. I am now counting out points total as plus 8 and want to finish in the natural top 10
Good question. Unless those lenders understand they will effectively be lenders to 777 not Everton and 777 will use dividends (taking money out of club) to repay them over time ?
Edit - so yes. If they not trying to be owners through 777
The cost to the club each year for the loans from 777 and MSP is about £36-43m. If the deal goes through these loans will be repaid so the annual cost gone (unless other loans are taken out)
There has been energy in here all through the season and whilst a lot of negativity also a lot of coming together and FTPL. Oddly I think it has been positive
If part of the Beal to get this over the line is £200m of debt to 777 to be converted to equity and £158m to MSP to be repaid then that is a significant amount of interest that goes away. Say we are paying 10-12% (might be more) then that is somewhere around £36-43m per year saved.
I get that...