New Everton Owners: The Friedkin Group

What do we reckon?

  • 👍

    Votes: 903 71.0%

  • 🤷 | 🧀🥪

    Votes: 308 24.2%

  • 👎

    Votes: 60 4.7%
  • Total voters
    1,271
davek said:
I didn't have one rich shareholder in mind when posting.

I've stated throughout that there are people with one or two shares who are going to get burnt here with the devaluation of their shares.

Why should they take a £3k-to-£6k loss on their script that they've held for years?

There surely has to be another way of squaring this off.

I suspect we might see a compromise.
Click to expand...

They only take a loss if they sell them. Many have held these shares for years with no desire or expectation to sell them. I'm not sure why you are angry, when the people who hold them are not.

Even if they did take a loss, it will likely not be at the value you are talking about, unless they bought them at £3k each. Which, if they did and expected a return, was a stupid investment and they deserve to lose the lot.
 

Trowel said:
As the old maxim goes, the fastest way someone can become a millionaire is for a billionaire to buy a football club.
Click to expand...
Similar to the other millionaire maxims, “the happiest day of your life is when you get the keys to your yacht, the second happiest is when you hand them back” or “if it flies, floats or f(another word for sex) - hire it, don’t buy it”
 
GrandOldTeam said:
I heard all this early days with Moshiri too.

As I say, time will tell but if they don't make sweeping changes within their first few months, they'll be repeating the mistake I said Moshiri would make.

Real acid test will of course be the summer.



The ultimate responsibility is on the owners.

I don't think the below is at all 'unfair'



They didn't rock up out the blue - they've known they're buying the club for a long time. TFG aren't new to football, and the club have recruitment/DOF in place. It's not like everything starts from 0 when they bought the club.

The transfer window opened 24 days ago. The window closes in 10 days. If it closes without transfers, watch how many people will be 'unfair'. If this club go down, and we neglected this window, watch how many people will be 'unfair'
Click to expand...
They've been deeply underwhelming in many ways. Crucially, they seem to have stabilised the club's finances - but we're football fans not economists. Bringing back Moyes and, so far, adding zero players to the playing squad is really not a statement of intent or ambition. Obviously, we can make a fuller - and fairer - analysis when the window closes, but they've definitely underwhelmed so far. But that can change quickly enough.

The bigger issue for me is if they keep the manager in the summer. Then all the lofty hopes of ambition and competing can be put into relief given that many of the Moyesettes were telling us they simply wanted him back to keep us up. If he achieves that task, then his work here should be done. Unless the Friedkins think Everton circa 2012 should be the limit of their ambitions. I mean, fair enough, it means we'll be respectable - but any notions of truly competing will need to be put on ice. They will have shown themselves to be mainly about protecting their investment rather than maximising its potential - a bit like Moyes: conservative.

That said, I doubt he'll survive their ruthlessness for too long even if he does stay. He'll go on too many of those long winless runs to satisfy them, if their Roma behaviour is anything to go by.
 
Yes appreciate that Dave, just sharing my own view like other posters have done. Be interesting to know how many small shareholders feel as strongly as you do about it. Also it’s not necessarily a TFG thing - we could have been in a similar or even worse position in the hands of a different buyer.
 
pfim said:
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
Click to expand...
caveat emptor.
 

pfim said:
They'll be gone in the summer in this scenario, what exactly would they be working towards? Better to get your next staff in and working before the summer window opens.
Click to expand...
I agree but it's a stretch to suggest we completely change the recruitment department on a dime and start bringing in people Moyes is happy with.

We'll just have to agree to disagree here.

We'd all have preferred the transfers to have been boxed off but as of yet they haven't so we'll just have to been patient.
 
Jacko93 said:
They only take a loss if they sell them. Many have held these shares for years with no desire or expectation to sell them. I'm not sure why you are angry, when the people who hold them are not.

Even if they did take a loss, it will likely not be at the value you are talking about, unless they bought them at £3k each. Which, if they did and expected a return, was a stupid investment and they deserve to lose the lot.
Click to expand...
1/ there's millions of these shares now. They're hardly likely to be inflated back to where they were monetary value-wise.

2/ some of them ARE angry...unless you think they've been moved to arrange a meeting with the owner's representatives out of mild curiosity.

They've lost out big time.

Why am I angry? Im not. You're projecting anger onto my words. But I do empathise with these people. And Ild take the side of any Evertonian of decades standing in any dispute with a blow-in from Texas.
 
Jacko93 said:
They only take a loss if they sell them. Many have held these shares for years with no desire or expectation to sell them. I'm not sure why you are angry, when the people who hold them are not.

Even if they did take a loss, it will likely not be at the value you are talking about, unless they bought them at £3k each. Which, if they did and expected a return, was a stupid investment and they deserve to lose the lot.
Click to expand...
They literally warn you before you pay.

The price of shares can go up or it can go down.

If buying shares was risk free we would all own Google by now.
 

davek said:
1/ there's millions of these shares now. They're hardly likely to be inflated back to where they were monetary value-wise.

2/ some of them ARE angry...unless you think they've been moved to arrange a meeting with the owner's representatives out of mild curiosity.

They've lost out big time.

Why am I angry? Im not. You're projecting anger onto my words. But I do empathise with these people. And Ild take the side of any Evertonian of decades standing in any dispute with a blow-in from Texas.
Click to expand...
Sorry, help me understand here. You are saying there are millions of these shares, at 3400 a piece, for what was 5% of the company?
 
Drico said:
They've been deeply underwhelming in many ways. Crucially, they seem to have stabilised the club's finances - but we're football fans not economists. Bringing back Moyes and, so far, adding zero players to the playing squad is really not a statement of intent or ambition. Obviously, we can make a fuller - and fairer - analysis when the window closes, but they've definitely underwhelmed so far. But that can change quickly enough.

The bigger issue for me is if they keep the manager in the summer. Then all the lofty hopes of ambition and competing can be put into relief given that many of the Moyesettes were telling us they simply wanted him back to keep us up. If he achieves that task, then his work here should be done. Unless the Friedkins think Everton circa 2012 should be the limit of their ambitions. I mean, fair enough, it means we'll be respectable - but any notions of truly competing will need to be put on ice. They will have shown themselves to be mainly about protecting their investment rather than maximising its potential - a bit like Moyes: conservative.

That said, I doubt he'll survive their ruthlessness for too long even if he does stay. He'll go on too many of those long winless runs to satisfy them, if their Roma behaviour is anything to go by.
Click to expand...

By not sacking Moyes at the end of the season it shows they lack ambition?

Ok, here's the thing, anyone thinking we are gonna move into the stadium and 'boom' instantly start competing for Europe is mental.
The squad needs a complete and utter rebuild, the new stadium won't be a playing advantage early doors - likely it'll be less advantageous than playing at Goodison at least until it begins to feel like home. See any club whose moved ground fur evidence of that btw.

If Moyes within 3 years gets us to the stage of Everton 2012 and as you call it respectable, then he and TFG will have done an amazing job.

They'd have taken over a club on the verge of bankruptcy, with barely enough players to field a side by this summer, which has battled relegation for 4 seasons running, twice coming down to the last game almost to survive. And turned it into a top 5-7th side which now has respect.

And that's not enough for you?

Any notion of truly competing? For what exactly - the league title? If you think that's even ball park realistic without first becoming respectable again and entrenched in the European places eventually then I don't understand what how you see this happening?

The difference being IF Moyes does what he did last time, builds a good side, gets us competing to qualify in Europe - AND then can't push us further, that's when you can judge the owners ambitions if they settle for that or make a change
 

Welcome

Join Grand Old Team to get involved in the Everton discussion. Signing up is quick, easy, and completely free.

Register

Shop

Back
Top