New Everton Owners: The Friedkin Group

[Nymzee]

They bought them because they had faith in their club and showed loyalty to it and had no idea they'd be fleeced by a shower of used car salesmen.

But yeah, let's blame Everton supporters for pointing that out.

 

[Bedfordblue]

Lovely people; swindling real Evertonians who've supported the club for decades out of the cash value of their original investment.

How to make friends and influence people.

Those shares are / were nothing more than a limited edition access to a ‘club’ so folk can say they own an Everton share.
For most people I suspect the certificates were framed on wall and will remain there regardless of value.

‘Investment’ they most certainly were not and besides, ‘the value of investments can go down as well as up’

 

[pfim]

With the club set up before TFG those shares were worth whatever someone was prepared to pay for them, which seemed to settle around the reported £3,500. But there was never truly tangible value applied to them other than relative scarcity and desire to own a ‘share of Everton’

But you are right in terms of any true value of them was really decimated under Mosh. Only surprising thing was he didn’t do what TFG have done himself.

As for the guy who bought 200 of them 2 months ago, I imagine he’s honing to take the proverbial haircut. More fool him laying out that sort of dough with the precarious position the club was in.

They're still worth what someone is willing to pay for them. I doubt TFG will force a sale, it would be a bad look and meaningless to the overall picture.

I would hope that someone who had the cash to buy 200 of them understood the risk. Having said that, you are correct they are a novelty item and will likely continue to be

 

[Bedfordblue]

They're still worth what someone is willing to pay for them. I doubt TFG will force a sale, it would be a bad look and meaningless to the overall picture.

I would hope that someone who had the cash to buy 200 of them understood the risk. Having said that, you are correct they are a novelty item and will likely continue to be

There was a suggestion in something I read I while back that one of the main reasons for diluting the shares would be to hoover up 100% of them.
All speculation mind but I would not be at all surprised if they do force the sale of all outstanding shares.

 

[pfim]

There was a suggestion in something I read I while back that one of the main reasons for diluting the shares would be to hoover up 100% of them.
All speculation mind but I would not be at all surprised if they do force the sale of all outstanding shares.

I'm only basing my opinion on logic, not information. But owning 99.5% of the club is effectively the same as owning 100%. Moshiri diluted the shares by converting his 450 million into equity, then TFG injected another wad of cash to pay off/settle those debts and further diluted it. Both are quid pro quo transactions, they gave something and got something in return, theoretically they should get a greater percentage of the shares.

So on the one hand, I can't really see them paying $3400 a share to make everyone happy, it's a waste of capital. At the same time, I can't see them allowing supporters to take a haircut on the share price just because Moshiri can't run a football club. The best solution is to let it be.

 

[Harry Catterick]

I think we just need to know a little more really about what is the long term intention in respect if the small shareholders? I say that as a one share owner who purchased it 17 years ago as sentimental rather than an investment? There was a 5% discount on Season Tickets for shareholders up until this season but that has been discontinued at BMD.

 

[pfim]

I think we just need to know a little more really about what is the long term intention in respect if the small shareholders? I say that as a one share owner who purchased it 17 years ago as sentimental rather than an investment? There was a 5% discount on Season Tickets for shareholders up until this season but that has been discontinued at BMD.

That's fair, as a shareholder you should receive something in return imo.

 

[Mrk]

With the club set up before TFG those shares were worth whatever someone was prepared to pay for them, which seemed to settle around the reported £3,500. But there was never truly tangible value applied to them other than relative scarcity and desire to own a ‘share of Everton’

But you are right in terms of any true value of them was really decimated under Mosh. Only surprising thing was he didn’t do what TFG have done himself.

As for the guy who bought 200 of them 2 months ago, I imagine he’s having to take the proverbial haircut. More fool him laying out that sort of dough with the precarious position the club was in.

Yeah, it's hard to have much sympathy for him - even my dog could see that the club was going to have to issue new shares to recapitalise.

 

[pfim]

Yeah, it's hard to have much sympathy for him - even my dog could see that the club was going to have to issue new shares to recapitalise.

While I don't care how people spend their money, it seems to me that owning 1 share of Everton is very similar to owning 200. The other 199 seem frivolous to me, but again it's not my money and he can spend how he pleases.

 

[Drico]

Lovely people; swindling real Evertonians who've supported the club for decades out of the cash value of their original investment.

How to make friends and influence people.

Oh, if Bill Kenwright's plunder is itself plundered, I think the Friedkins are doing God's work.

 

[Harry Catterick]

I think it’s all a bit murky. The Times report suggests that the inheritors of the shareholding of our former chairman have potentially lost £5 million. That said somewhere else I read that the last purchase by Moshiri from our former chairman had been at a price of around £8500 per share and that morally that price ought to have then been offered to all small shareholders at that time?

 

[pfim]

I think it’s all a bit murky. The Times report suggests that the inheritors of the shareholding of our former chairman have potentially lost £5 million. That said somewhere else I read that the last purchase by Moshiri from our former chairman had been at a price of around £8500 per share and that morally that price ought to have then been offered to all small shareholders at that time?

If his estate wasn't willing/able to make a similar investment, percentage wise, to Moshiri and TFG, their shares should lose value.

I can't speak about the second part. Again, the small shareholdings seem more like a novelty item than an investment (even though they carry the same risk in reality).

 

[Mrk]

While I don't care how people spend their money, it seems to me that owning 1 share of Everton is very similar to owning 200. The other 199 seem frivolous to me, but again it's not my money and he can spend how he pleases.

Correct, even when the shares were being traded at £3,400, there was very little aside from sentiment underpinning that value - so the shares are most definitely not an investment - I can't figure out how or why he thought that was a good use of money tbh

 

[Bob Elstone]

I’d rather them concentrate on bolstering a pathetic squad of players than worry about some shares people were stupid enough to buy without doing their homework.

 

[Thomasc]

Hopefully we get reinforcements in before the end of the window and the simpletons who are calling them out and abusing them already, the ones who never know when to STFU can move onto their next grievance in life.