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New Everton Owners: The Friedkin Group

What do we reckon?

  • 👍

    Votes: 877 70.7%
  • 🤷 | 🧀🥪

    Votes: 302 24.4%
  • 👎

    Votes: 61 4.9%

  • Total voters
    1,240
I think with the outstanding shares, provided they’ve managed to get hold of Kenwrights to take them over 95%, they may well leave them alone for now.
Their value most certainly will have been diluted* to write off some of the director loans, so unfortunately any revaluing of them comes with the territory of being a shareholder I suspect.
All that talk of ‘haircuts’ over debt didn’t simply apply to MSP / 777 and the like unfortunately.

If they ever plan to list ‘Everton FC’ on a stock market they most certainly will hoover up the remaining shares at a substantial discount over the £3.5k or whatever the going rate for them was imho.

As things stand though, I suspect if they’re over 95% of the shareholding they’ll leave the rest ‘as is’ as it’s not worth the headache of upsetting however many remaining shareholders there are as they have no meaningful say in the running of the club nor are TFG obligated to even consult with them as I understand it.

*diluted share price if TFG come for them under buy out provisions or drag along clauses, they can even have a court order their sale, but single share holders selling to other single shareholders can still charge what they like I believe but obviously buyer beware!

Least I think that’s how it all works.
 
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Oh dear, yeah I paid £3,500 I think.

If I lost £3,000 that would really hurt.
there is a big disparity between the blue of the shares in the buy out of Mosh and the price of an individual share( or shares) by a private person. However, as this is a private limited company, not a public one not all shares are the same price as shares are bought/sold as independent transactions,.

If there are any shareholders who want to move their shares on, I'll take a couple at £500 each and I'm robbing meself.
 
I think with the outstanding shares, provided they’ve managed to get hold of Kenwrights to take them over 95%, they may well leave them alone for now.
Their value most certainly will have been diluted* to write off some of the director loans, so unfortunately any revaluing of them comes with the territory of being a shareholder I suspect.
All that talk of ‘haircuts’ over debt didn’t simply apply to MSP / 777 and the like unfortunately.

If they ever plan to list ‘Everton FC’ on a stock market they most certainly will hoover up the remaining shares at a substantial discount over the £3.5k or whatever the going rate for them was imho.

As things stand though, I suspect if they’re over 95% of the shareholding they’ll leave the rest ‘as is’ as it’s not worth the headache of upsetting however many remaining shareholders there are as they have no meaningful say in the running of the club nor are TFG obligated to even consult with them as I understand it.

*diluted share price if TFG come for them under buy out provisions or drag along clauses, they can even have a court order their sale, but single share holders selling to other single shareholders can still charge what they like I believe but obviously buyer beware!
will they not need kenwrights shares as the debt was converted to shares so that dilutes any percentage of company each share now owns ?
 
will they not need kenwrights shares as the debt was converted to shares so that dilutes any percentage of company each share now owns ?
I don’t think they ‘need’ any more than Moshiri’s, the 95% point just means they don’t have to go through the admin of AGM’s and (pretend) voting etc, which in reality having 94% or whatever was just a formality anyway.
 
:lol: :lol: :lol: :lol:

It's not an exaggeration to say Everton were about to have to close down the club....it's an outright 'kin lie.

An utter spoofer - who, btw, did all he could to shift the narrative in the media that we should be punished with mammoth points deductions.

The calibre of British sports journalism personified - a sensationalist peddler of lies and agendas.
Agreed, absolute weapon and a Masters seat sniffer
 

:lol: :lol: :lol: :lol:

It's not an exaggeration to say Everton were about to have to close down the club....it's an outright 'kin lie.

An utter spoofer - who, btw, did all he could to shift the narrative in the media that we should be punished with mammoth points deductions.

The calibre of British sports journalism personified - a sensationalist peddler of lies and agendas.
This is why I trust what Simon Jordan says, as much as people on here dislike him he’s been pretty much spot on every time. He called the group that were interested last year tyre kickers, while people on here completely disagreed, he’s always said we were never in real trouble of administration, he was spot on about Andy Bell’s involvement in Everton. I trust his opinion over all the clickbaiters I’ve seen.
 

This is why I trust what Simon Jordan says, as much as people on here dislike him he’s been pretty much spot on every time. He called the group that were interested last year tyre kickers, while people on here completely disagreed, he’s always said we were never in real trouble of administration, he was spot on about Andy Bell’s involvement in Everton. I trust his opinion over all the clickbaiters I’ve seen.
I agree yes. He's a spiv and ultimately part of the blight in football, but he's been pretty clear headed about Everton.
 
This is why I trust what Simon Jordan says, as much as people on here dislike him he’s been pretty much spot on every time. He called the group that were interested last year tyre kickers, while people on here completely disagreed, he’s always said we were never in real trouble of administration, he was spot on about Andy Bell’s involvement in Everton. I trust his opinion over all the clickbaiters I’ve seen.

We missed a debt payment, doesn't get any closer to administration than that.
 
I agree yes. He's a spiv and ultimately part of the blight in football, but he's been pretty clear headed about Everton.
Simon Jordan knows and understands how Premiership clubs operate and moreso how major transfers and even the sale of a club comes about.

After all, he has experienced all of these things himself.

Very often we as fans disagree with any narrative that doesn't fit in with our wishes... which is very understandable.

A lot of the column inches we read from journalists is guesswork or maybe information leaked for a purpose.

The real negotiations in deals of this magnitude will be known to very few.
 
It would be a good lesson in minority shareholding, but these guys aren't idiots. They're not having supporters take a haircut like that for small money (for them).
As I’ve said above, I don’t think they’ll force purchase on the minority shareholders yet, but if and when they do want 100% ownership, there is now way they’re paying £3,500 ea for the outstanding 4.6% / 6219 shares (£22m) after what they’ve had to put in / take on when they a) don’t have to, and b) they simply aren’t worth that now.
 

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