The Friedkin Group - Dan & Ryan Friedkin [19/07/2024] Purchase Talks Over.

[mahermi1]

Good news about Rossy come back though,Ey?

Could be worse, could be Ian Ross.. Those who know.

 

[Donegal blue]

When are we ever going to get a break from this.

 

[Librarian]

If Moshiri walked into a prison canteen he’d printable his tray over to a table full of skinheads with Swastika tattoos

 

[pfim]

AS Roma Hires Goldman Sachs To Find Buyer After Deal With Friedkin Collapses

James Pallotta hired the investment bank after the $850 million sale fell through.

www.forbes.com

They have done this before it seems..

To be fair, that was the beginning of the pandemic. And if the 777 situation gets sorted, I would assume they'd try and come back to the table anyway.

 

[brieverton]

So, TFG were not willing to pay off A-Cap or failing that, there was uncertainty on their part at how much that debt was and, with any future court judgement, how much it could be in the end?

I'm guessing another buyer could not agree a settlement with A-Cap because of the ongoing litigation?

This could potentially go on for years then, in an environment with punitive debt interest costs to bear, negating the benefits of the new stadium.

One of the major plus sides of a TFG takeover would have been reduction and consolidation of debt, if we don't have that then we're caught in an ever-worsening spiral. I had assumed Dell's "backing" of the Bell/Downing bid would have been at market interest rates - they are not a charity.

So, we are hamstrung and in limbo then, as before?

I fear in the end that the ultimate price we will pay for this, leaving actual relegation aside if it ever came to it, is that we will end up as tenants at Bramley Moore.

 

[mahermi1]

The TFG message infers the stadium is paid off.

Not the internals of the stadium though.

 

[Blue_in_london]

Weren’t JP Morgan linked to the breakaway European super league?

From breakaway super league to broken club!

 

[allen]

AS Roma Hires Goldman Sachs To Find Buyer After Deal With Friedkin Collapses

James Pallotta hired the investment bank after the $850 million sale fell through.

www.forbes.com

They have done this before it seems..

I wonder if that ‘failure’ ever went beyond the ‘according to reports,’ phase?

Would be interesting to know the progression of the deal after that article.

 

[Damo_1878]

So, TFG were not willing to pay off A-Cap or failing that, there was uncertainty on their part at how much that debt was and, with any future court judgement, how much it could be in the end?

I'm guessing another buyer could not agree a settlement with A-Cap because of the ongoing litigation?

This could potentially go on for years then, in an environment with punitive debt interest costs to bear, negating the benefits of the new stadium.

One of the major plus sides of a TFG takeover would have been reduction and consolidation of debt, if we don't have that then we're caught in an ever-worsening spiral. I had assumed Dell's "backing" of the Bell/Downing bid would have been at market interest rates - they are not a charity.

So, we are hamstrung and in limbo then, as before?

I fear in the end that the ultimate price we will pay for this, leaving actual relegation aside if it ever came to it, is that we will end up as tenants at Bramley Moore.

Accurate post.

 

[Curtis]

It's dispiriting news for sure but it feels like a maneuver to put pressure on moshiri to sort put the 777 debts from the Friedkin Group , they might be done with Everton but I feel there's some mind games at work and it's not all finished yet but who knows the future

 

[Mikey_Fitzgerald]

So, TFG were not willing to pay off A-Cap or failing that, there was uncertainty on their part at how much that debt was and, with any future court judgement, how much it could be in the end?

I'm guessing another buyer could not agree a settlement with A-Cap because of the ongoing litigation?

This could potentially go on for years then, in an environment with punitive debt interest costs to bear, negating the benefits of the new stadium.

One of the major plus sides of a TFG takeover would have been reduction and consolidation of debt, if we don't have that then we're caught in an ever-worsening spiral. I had assumed Dell's "backing" of the Bell/Downing bid would have been at market interest rates - they are not a charity.

So, we are hamstrung and in limbo then, as before?

I fear in the end that the ultimate price we will pay for this, leaving actual relegation aside if it ever came to it, is that we will end up as tenants at Bramley Moore.

I've feared that for a while and sadly think it will happen

 

[Daytripper]

What a mess. More time wasted. Definitely things are not right at this club.

 

[kenada_blue]

We're the sexiest and most expensive whore at the brothel. But no one wants to commit cos she has a history and riddled with STIs.

That's us in a nutshell

 

[kenada_blue]

Friedkin 'didn't exist' a few months back...or the other parties interested at that time.

He did. He's like MSP, Bell and Downing etc. Businessmen.

They can't afford us and how toxic we are

 

[Curtis]

I feel weirdly at home when Everton is in the mire lmao.

It's what we know no other form of Everton has ever really existed except in theory lol