The NSNO Everton Forums

Stadium's going to be nice an all that but unless you are prepared to pay five times the current ticket prices it won't transform us.

Brownie wrote: ↑Fri Sep 13, 2024 9:51 pm Aliya Capital Partners are backing John Textor’s takeover bid of Everton

Aliya Capital were one of the biggest investors in Elon Musk’s acquisition of Twitter

(Source - Bloomberg)

Note the comment in the Bloomberg piece from Alexander Bafer also, who appears to have worked with Textor at Lyon also.



https://www.bloomberg.com/news/articles ... everton-fc

Twitter Backer Aliya Joins John Textor’s Bid for Everton FC

Deal to help Textor finance takeover of Premier League club

Aliya lined up for co-chairman position, board seat at Everton

By David Hellier, Silas Brown, and Jill R Shah
13 September 2024 at 21:05 BST

Aliya Capital Partners is backing US investor John Textor’s bid to acquire Everton FC, the historic English football club that’s struggling to find a buyer.

“We are delighted to support John Textor in his investment in Everton Football Club,” the Miami-based investment manager, which committed to supporting Elon Musk’s takeover of Twitter two years ago, said in a statement.

The move comes as Textor, an investor in multiple football clubs around the world, seeks to secure the financing required to push through a takeover of the English Premier League team.

Earlier this summer, Aliya offered its investors the chance to commit around $25 million to backing a deal for Everton, according to a pitch document reviewed by Bloomberg News. As part of any transaction, Aliya will get a co-chairman position and one board seat at Everton.

Textor is the latest bidder to emerge for Everton, whose owner Farhad Moshiri has been having difficulties finding a buyer. The club is weighed down by more than £500 million ($656 million) of debt, largely due to construction costs for a new stadium being built at Bramley Dock in Liverpool.

Separate potential sales to US investment firm 777 Partners LLC and Dan Friedkin, the owner of Italy’s AS Roma, collapsed earlier this year. Everton said this week that progress is being made on a potential sale to Textor but “there remains some work to be done to complete the transaction.”

Aliya has given its investors the option of holding Everton shares for the long term or converting them into stock in Eagle Football Holdings LLC, an investment vehicle owned by Textor, in the event it goes public. Any conversion guaranteed a minimum 3X return, the document shows.

“Our involvement in Everton reflects our shared commitment to innovation and transformation in football,” Aliya said in its statement. “We eagerly anticipate Everton’s ascent under John’s visionary leadership.”

Eagle Football holds shares in a number of football clubs around the world, including Crystal Palace FC — another Premier League team. While Textor isn’t bidding for Everton through Eagle Football, Premier League ownership rules mean he would still need to dispose of his stake in Crystal Palace before buying a rival club.

“There is no way to get the lender of Eagle to blend with the multiple lenders of Everton,” Textor said on why he was not bidding through Eagle Football.

Everton was among the founding members of the English Football League in the 1880s and is one of just a handful of teams that’s never been relegated from the Premier League. But it’s narrowly avoided dropping out of the top division in recent seasons despite heavy investment from Moshiri.

Entrepreneur Alexander Bafer is also ready to back Textor’s bid for Everton. “If it goes forward, I’m on board with John,” Bafer said.

brap2 wrote: ↑Fri Sep 13, 2024 9:47 pm On average matchday makes up around 13% of a clubs finances.

Hazard to guess we'll go from well below average, to well above average.

New stadium transforms us financially

The 13% idea surely diesnt take into effect any subsidiary incomes that place will generate, such as the restaurants and hotels in the area as well as concerts and events hosted there too

It’s huge financially- just need to get in there while still being a epl team! Also, paying the debts off which are set at a massive interest rate will push the annual running costs down considerably and allow us to spend more

Pretty simple stuff really

the Elon Musk Stadium - thatll do for me

Dchans wrote: ↑Sat Sep 14, 2024 6:19 am New stadium transforms us financially

The 13% idea surely diesnt take into effect any subsidiary incomes that place will generate, such as the restaurants and hotels in the area as well as concerts and events hosted there too

It’s huge financially- just need to get in there while still being a epl team! Also, paying the debts off which are set at a massive interest rate will push the annual running costs down considerably and allow us to spend more

Pretty simple stuff really

Old Trafford is 18% of revenue.

Commercial (Inc TV deals) dwarf it for every club

Evertonfc15 wrote: ↑Sat Sep 14, 2024 7:57 am the Elon Musk Stadium - thatll do for me

I wouldn't want that cunt near our stadium.

superpull wrote: ↑Sat Sep 14, 2024 8:53 am Old Trafford is 18% of revenue.

Commercial (Inc TV deals) dwarf it for every club

Wouldn't you expect our stadium proportion to be higher than United? They sale about a billion shirts more than us and have loads of bigger revenue streams than us outside of the match day experience, but old Trafford is an issue for them, hence why they're looking to expand/rebuild. But proportionally, I would expect Bramley Moore to generate a larger proportion of our revenue than old Trafford doess United

Does a new stadium transform us financially if we are paying the interest on 600m of debt at the same time. Feels like 1 might pretty much cancel out the other

The new stadium is going to be amazing.... but how keen are people to pay more money for the same awful football?
In terms of credit. Personally I think moshiri wants lynching for the financial mess he made while knowing we needed 100s of millions for the stadium.

Arsenal cut costs and sold players to build their stadium (all be it from a much better starting position) We managed to have a wage bill at almost 100% of revenue. You don't get credit for a great stadium when you didn't even do the bare minimum to try and protect the clubs financial future at the same time

It's all going to end in tears this.

Moving to the new place isn't going to change anything and tbh it will be worse likely.

Has the ground really put us in £600m worth of debt though?

Isn’t the debt due to a lot of other reasons as well as the ground?

Terrible recruitment, huge wage bill, loans to keep the club running.

Some of that debt will be paid off with a takeover, most of the rest can be manageable in the long term.

Maybe I’m wrong but I think it’s wildly untrue to say this ground has put us in £600m worth of debt.

I don’t know about worse, that probably is more dependent on other factors, but I don’t expect revenue wise a new stadium is going to massively change things. There are other benefits to a new stadium, but unless we move it to London and charge crazy high prices for pies and such, I’d be surprised if it made a huge impact on income.

Plenty of other positive benefits though to it though outside of direct match day revenue.

TheRam wrote: ↑Sat Sep 14, 2024 12:09 pm Has the ground really put us in £600m worth of debt though?

Isn’t the debt due to a lot of other reasons as well as the ground?

Terrible recruitment, huge wage bill, loans to keep the club running.

Some of that debt will be paid off with a takeover, most of the rest can be manageable in the long term.

Maybe I’m wrong but I think it’s wildly untrue to say this ground has put us in £600m worth of debt.

My crude understanding of the situation is that firstly not all of the debt was associated with BMD, part of it MSP , Rights and Media was for working capital. The Friedkin 200k and the 777 200k will be paid off by Textor if he takes over and for that he receives pro rata Moshiris shares, the remaining shares will be funded by equity finance from Textor partners. In effect, Moshiri will get 400 odd k less than he was hoping for. As I said, crude understanding but something along these lines.

Goodison is used every other week for match day, and outside that only for tours and a few small conferences and meetings thanks to the limited and dated corporate facilities.

Bramley Moore has been built with 365 event use in mind, including restaurants that will be open throughout the week. It is absolutely a game changer in terms of potential revenue. The leaked Aliya investment offering document forecasts an increase in revenue from $243 in 2024 to $334 in 2026 - that's collosal.

However there are valid questions around:
- debt management - a new stadium should in theory make it much easier to borrow at better terms
- accessibility and transport - I expected to see a more coherent plan by now, and the longer this takes to put in place the longer it will take before major concerts will commit to the venue
- people - no matter how good the stadium is, it all depends on the quality of the people managing it, which is very much a wait and see from our perspective

The new ground is one of the few positives to come from the club over the last few years yet people are even managing to moan about that as well, tough crowd.

Much as we all love Goodison we have to move, a modern PL club can't stay in a stadium like that and hope to compete with no means to expand or modernise it. Although the club will know that not everyone on the ST waiting list will take up their chance we have 32k on the list and 52k members, we sell out Goodison before tickets ever get close to general sale and we can't expand any more corporate boxes or hospitality. The new stadium will bring so much more to the club, it'll bring debt as well but you don't get much change from a billion quid these days for a decent stadium and no one's paying that in ready cash, people would be moaning if we were half arsing it like Kirkby was going to be. Even rough maths though of 14k more seats at an average of £60 is nearly £16m for 19 PL games, plus any cup runs, (stop laughing at the back!) food and merchandise etc plus if they manage to start hosting other events and concerts. I'll miss Goodison but I'm really looking forward to it and we've not had much to look forward to over the last decade or so.