New Everton Owners: The Friedkin Group

[davek]

They've not pulled a fast one Dave.
I'm also not 'going to bat' for anybody. It's a simple fact, and a rule of thumb in the purchase of shares and many other methods of investment, if you cant afford to lose the money, you can't afford the purchase.

I'm just happy in the knowledge that you will have something else to bleat on about in the coming days and weeks, and this thing that has absolutely ended your world and everything in it, causing such anger and outrage will be replaced by something else equally mundane.

Ilm feeling an undercurrent of rage about your post here tbh mate. Is this all about the stadium lighting getting a panning in the stadium thread by most Everton supporters?

Why are you using this issue as a proxy?

These are separate matters.

 

[Trowel]

I inherited 6. It’s never about the money. Only billionaires buy EFC shares for financial gain.

As the old maxim goes, the fastest way someone can become a millionaire is for a billionaire to buy a football club.

 

[Jacko93]

Ilm feeling an undercurrent of rage about your post here tbh mate. Is this all about the stadium lighting getting a panning in the stadium thread by most Everton supporters?

Why are you using this issue as a proxy?

These are separate matters.

No rage at all pal, not in the slightest. I'm also not remotely bothered about any lighting, I have no idea why you think I would be.

I'm not using anything as a proxy, and I recognise that shareholding and potential for loss in investments is an entirely separate issue to peoples personal opinions on stadium lighting designs.

The fact remains, despite your attempt at deflection, that ANY share purchase is at risk of losing value. The reason for that loss in value can be for a number of reasons. If you have bought the shareholding as an investment, in the hope that it's price will.increase and earn you a profit, then unlucky, it's not worked out, move on to your next scheme (tip... avoid football clubs). If you have purchased your shareholding simply as a way of being a part of the club, and saying 'I'm a shareholders in Everton' then congrats, you still are. It's like buying an Everton shirt then complaining they won't buy it back off you at a profit.

 

[davek]

No rage at all pal, not in the slightest. I'm also not remotely bothered about any lighting, I have no idea why you think I would be.
I'm not using anything as a proxy, and I recognise that shareholding and potential for loss in investments is an entirely separate issue to peoples personal opinions on stadium lighting designs. The fact remains, despite your attempt at deflection, that ANY share purchase is at risk of losing value. The reason for that loss in value can be for a number of reasons. If you have bought the shareholding as an investment, in the hope that it's price will.increase and earn you a profit, then unlucky, it's not worked out, move on to your next scheme (tip... avoid football clubs). If you have purchased your shareholding simply as a way of being a part of the club, and saying 'I'm a shareholders in Everton' then congrats, you still are. It's like buying an Everton shirt then complaining they won't buy it back off you at a profit.

When the new owners cut a deal with the previous owner to hand him £3,000 per loan share it's not being even handed is it? I suspect when they have their meeting with the owner's representatives next week that'll be the shareholder's association's approach.

Overall the Everton small shareholders via the ESA have had a very involved history with the club and this looks like a way to not only see them off but also to make them, as individuals, suffer a financial hit. That will buy TFG no goodwill in the future whatsoever. For the sake of offering to buy out all those desperate not to take a massive loss they're going to jeopardise good relations.

What's that old saying about being kind to people on the way up...

 

[mahermi1]

When the new owners cut a deal with the previous owner to hand him £3,000 per loan share it's not being even handed is it? I suspect when they have their meeting with the owner's representatives next week that'll be the shareholder's association's approach.

Overall the Everton small shareholders via the ESA have had a very involved history with the club and this looks like a way to not only see them off but also to make them, as individuals, suffer a financial hit. That will buy TFG no goodwill in the future whatsoever. For the sake of offering to buy out all those desperate not to take a massive loss they're going to jeopardise good relations.

What's that old saying about being kind to people on the way up...

Isn't there a good chance their share price will rise again due to the club being worth more, due to the new ground improved sponsorship/ commercial deals Dave ? Let's not forget share prices can go up and down over their course of ownership, you don't always make a profit, it's never been guaranteed.

 

[tommye]

Yeah you are a real expert when it comes to this point everything

Ftfy mate

 

[GrandOldTeam]

Prior new owners, I shared a view repeatedly to judge them by actions, not words.

They made that point themselves upon purchasing the club.

They've only been here just over a month.

I'm surprised we're on 24th January without any transfers, especially when the manager is saying we need 2-3 this window.

Still, I think we'll see 2 or 3 come in before the deadline closes. They need to protect their asset, without hamstringing us too much from the summer.

I'm a tad surprised how quiet background staff recruitment seems to have been. Appreciate CEOs can take a little while, but at some point you'd figure we'll see big changes. That said, I expected the same under Moshiri and it never happened. I was vocal back then it was a mistake, I hope TFG don't repeat it. Stability sounds nice, but they shouldn't worry about perceptions about chaotic yee-haw cowboys - the club doesn't need stability when your stabilising mediocrity.

 

[wainy]

Any shareholders on this esteemed website care to share their rage and fury? If only validate Dave’s opinion that these new owners are also charlatans, scum bags and looking to bleed us dry.

 

[Jacko93]

Any shareholders on this esteemed website care to share their rage and fury? If only validate Dave’s opinion that these new owners are also charlatans, scum bags and looking to bleed us dry.

And sell us Toyotas.

 

[pfim]

Prior new owners, I shared a view repeatedly to judge them by actions, not words.

They made that point themselves upon purchasing the club.

They've only been here just over a month.

I'm surprised we're on 24th January without any transfers, especially when the manager is saying we need 2-3 this window.

Still, I think we'll see 2 or 3 come in before the deadline closes. They need to protect their asset, without hamstringing us too much from the summer.

I'm a tad surprised how quiet background staff recruitment seems to have been. Appreciate CEOs can take a little while, but at some point you'd figure we'll see big changes. That said, I expected the same under Moshiri and it never happened. I was vocal back then it was a mistake, I hope TFG don't repeat it. Stability sounds nice, but they shouldn't worry about perceptions about chaotic yee-haw cowboys - the club doesn't need stability when your stabilising mediocrity.

It's not surprising to me that not much has changed in terms of staff. Watts will be there guiding the ship. And if Dyche had gotten a few results, he'd still be the manager. I'm not sure it's wise to come in the middle of a relegation scrap and make wholesale changes, Dyche forced their hand. The real work, just like with the squad, will come later.

Having said all of that, we need 2-3 incomings this window to help cement our place in the league. If that doesn't happen, heads will roll.

 

[hallamblue]

Prior new owners, I shared a view repeatedly to judge them by actions, not words.

They made that point themselves upon purchasing the club.

They've only been here just over a month.

I'm surprised we're on 24th January without any transfers, especially when the manager is saying we need 2-3 this window.

Still, I think we'll see 2 or 3 come in before the deadline closes. They need to protect their asset, without hamstringing us too much from the summer.

I'm a tad surprised how quiet background staff recruitment seems to have been. Appreciate CEOs can take a little while, but at some point you'd figure we'll see big changes. That said, I expected the same under Moshiri and it never happened. I was vocal back then it was a mistake, I hope TFG don't repeat it. Stability sounds nice, but they shouldn't worry about perceptions about chaotic yee-haw cowboys - the club doesn't need stability when your stabilising mediocrity.

For me the main thing has been the consolidation of the debt, as, similar to the country, we were unable to move forward with those punitive payments to the likes of odious toad Philip Green. Now debt interest is reduced we can look forward to a brighter future where we have our debt like a mortgage at a similar interest rate and with a legitimate financial institution. I agree we could do with 2 or 3 in, but I would hate to see panic buys for big money as that's what got us into this mess

 

[Bedfordblue]

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?

I assumed his estate / Jenny had sold up to TFG as they needed to get to a certain % (greater than Mosh’s) in order to do what they’ve done.

 

[Mrk]

When the new owners cut a deal with the previous owner to hand him £3,000 per loan share it's not being even handed is it? I suspect when they have their meeting with the owner's representatives next week that'll be the shareholder's association's approach.

Mate, word of advice, when you have no idea what you're talking about, it's better to just say nothing.

TFG did not "hand" £3,000 per 'loan share' to Moshiri - that's the price at which he converted his £450m of shareholder loans into equity. You're confusing two very different things.

 

[pfim]

When the new owners cut a deal with the previous owner to hand him £3,000 per loan share it's not being even handed is it? I suspect when they have their meeting with the owner's representatives next week that'll be the shareholder's association's approach.

Overall the Everton small shareholders via the ESA have had a very involved history with the club and this looks like a way to not only see them off but also to make them, as individuals, suffer a financial hit. That will buy TFG no goodwill in the future whatsoever. For the sake of offering to buy out all those desperate not to take a massive loss they're going to jeopardise good relations.

What's that old saying about being kind to people on the way up...

Dave, that's nonsense. Read it again or have someone with some financial literacy read it to you.

 

[msb]

Prior new owners, I shared a view repeatedly to judge them by actions, not words.

They made that point themselves upon purchasing the club.

They've only been here just over a month.

I'm surprised we're on 24th January without any transfers, especially when the manager is saying we need 2-3 this window.

Still, I think we'll see 2 or 3 come in before the deadline closes. They need to protect their asset, without hamstringing us too much from the summer.

I'm a tad surprised how quiet background staff recruitment seems to have been. Appreciate CEOs can take a little while, but at some point you'd figure we'll see big changes. That said, I expected the same under Moshiri and it never happened. I was vocal back then it was a mistake, I hope TFG don't repeat it. Stability sounds nice, but they shouldn't worry about perceptions about chaotic yee-haw cowboys - the club doesn't need stability when your stabilising mediocrity.

They may well have people lined up, possibly having to handle notice periods and possibly not allowed to announce until such period is completed.

They have not been able to offer a role until late December, and with holidays etc, could well still be negotiating exits.

They are not stupid people, they will not make this investment and allow chaos to continue.