Everton F.C. is a limited company with the board of directors holding a majority of the shares. The club's most recent accounts, from May 2014, show a net total debt of £28.1 million, with a turnover of £120.5 million and a profit of £28.2 million. The club's overdraft with Barclays Bank is secured against the Premier League's "Basic Award Fund", a guaranteed sum given to clubs for competing in the Premier League. Everton agreed a long-term loan of £30 million with Bear Stearns and Prudential plc in 2002 over the duration of 25 years; a consolidation of debts at the time as well as a source of capital for new player acquisitions. Goodison Park is secured as collateral. COUNT 5
QSN1 Who holds a majority of the shares in the Everton FC? ANS1 the board of directors QSN2 What is the Everton FC's overdraft with Barclays Bank secured against? ANS2 Basic Award Fund QSN3 What is the Premier League's "Basic Award Fund" for? ANS3 competing in the Premier League QSN4 How much money did Everton FC borrow from Bear Stearns and Prudential in 2002? ANS4 £30 million QSN5 How long does Everton FC have to pay back £30 million they borrowed from Bear Stearns and Prudential?  ANS5 25 years