Joe Thomas
joethomas18.bsky.social
Everton FC correspondent for the Liverpool Echo Read my work, here: https://www.liverpoolecho.co.uk/authors/joe-thomas/ Instagram: https://www.instagram.com/joethomasecho Contact: joe.thomas@reachplc.com
👤 Joined on 20 November 2024
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- 20 Kas 2024, 21:48
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Take it from a retired CFO that this is very good news. The official Everton statement confirming the debt syndicate was multiple times oversubscribed will have helped reduce interest costs and reflects how with new ownership and Moshiri swallowing a huge loss we are now stable and healthy.
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Good news, we were apparently paying roughly £1m a week when Moshiri left, would be interesting to know what it would be now
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I can imagine this will save us a considerable amount of money.
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Supposedly this cuts interest by over half. If that one £1M figure is correct, then the club is saving 25-30M in interest per year. Huge
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