Usmanov

[ToffeeMonster]

Where do you think his money will go when he passes? He's almost 68 and isn't really in the best of shape. Would be an Everton that moment if the person who inherits his money sells the club.

 

[Armaghtoffee]

Where do you think his money will go when he passes? He's almost 68 and isn't really in the best of shape. Would be an Everton that moment if the person who inherits his money sells the club.

He doesn’t own the club though.

 

[ToffeeMonster]

He doesn’t own the club though.

Yea but the finances are almost certainly his.

 

[Brisan123]

I don’t know why this lad has a thread on here.
He has absolutely no involvement with Everton FC except being on friendly terms with our owners

 

[DaChunk]

I don’t know why this lad has a thread on here.
He has absolutely no involvement with Everton FC except being on friendly terms with our owners

Appropriate avatar for this comment

 

[gwladysnight]

If we are being bankrolled by one of the richest men on the planet then why have we just taken out a payday loan against next season's TV money and put the Stadium up as surety.

 

[Frenk]

Where do you think his money will go when he passes? He's almost 68 and isn't really in the best of shape. Would be an Everton that moment if the person who inherits his money sells the club.

It’s all going to his favorite accountant.

 

[Goat]

If we are being bankrolled by one of the richest men on the planet then why have we just taken out a payday loan against next season's TV money and put the Stadium up as surety.


View attachment 127971

We do it every year.

 

[TommyDavo]

Don’t worry about it, if we are then so be it. You seem a little bothered by the possibility though @gwladysnight

 

[gwladysnight]

We do it every year.

That is the point though. It is a very expensive way of borrowing money. The going rate for loans against future media revenue are 7%. Why would one of the richest men on the planet pay way over the going rate to borrow money.

Do you think the likes of Mansoor and Abramovich resort to borrowing money at way above the going rate. From a fiduciary perspective the Directors of Everton have a duty to act in the best interests of Everton FC. To me that says that we are unable to borrow the money in a cheaper way.

 

[Goat]

That is the point though. It is a very expensive way of borrowing money. The going rate for loans against future media revenue are 7%. Why would one of the richest men on the planet pay way over the going rate to borrow money.

Do you think the likes of Mansoor and Abramovich resort to borrowing money at way above the going rate. From a fiduciary perspective the Directors of Everton have a duty to act in the best interests of Everton FC. To me that says that we are unable to borrow the money in a cheaper way.

Yes, City and Chelsea, along with the other 20 clubs in the league all take bridging loans every summer.

No, I don't know why, they just do.

 

[gwladysnight]

Don’t worry about it, if we are then so be it. You seem a little bothered by the possibility though @gwladysnight

The interest payable to Rights and Media Funding Limited will be just shy of £10m which is around 5% of our total turnover.

 

[Saint Domingo]

Yes, City and Chelsea, along with the other 20 clubs in the league all take bridging loans every summer.

No, I don't know why, they just do.

Billionaires don’t stay rich by spending their own money

 

[Goat]

Billionaires don’t stay rich by spending their own money

Every Summer people lose their heads over these bridging loans.

It always makes me chuckle.

 

[TommyDavo]

The interest payable to Rights and Media Funding Limited will be just shy of £10m which is around 5% of our total turnover.

The people who own the club are successful businessmen because they understand what they are doing.