The Friedkin Group - Dan & Ryan Friedkin

What do we reckon?

  • 👍

    Votes: 576 68.0%

  • 🤷 | 🧀🥪

    Votes: 236 27.9%

  • 👎

    Votes: 35 4.1%
  • Total voters
    847
davek said:
Apart from the Curva Sud who hung a banner at Roma's ground when the taps were turned off and only free and loans were coming through from Friedkin saying: “President low cost, we’ll give you a kicking, do you understand?”
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That is from "Gruppo Quadraro". The smartest fans. Many others are owners fans, they are fascinated by the figure of a billionaire making money on them and they defend him while he is making money on them. They have loved even Pallotta 0 titles in 13 years. The problem is Friedkin are in football to make money, not to win. They buy clubs in financial problems to maximize the gain. Being Everton a historic premier league club it could aspire to some arabs like Newcastle or like Chelsea, Liverpool style of owners who want to win. Friedkin at least in Rome is hidden behind financial fair play which is easily circumvented by external sponsorship if you want to spend and win.
 
RomanReigns said:
Why not? A group who makes 12 billion a year would have to pay about a billion to wipe out the existing debt

Chump change for the Freidkin group
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If the reported price of €650 millions is true that Friedkin is paying for the club - Moshiri will be getting around £550m for a job well done.

Friedkin appears to have already repaid MSP / Blythe Capital recently according to reports. Who knows about what will happen with RMF/777.
 
ForeverBlue92 said:
If the reported price of €650 millions is true that Friedkin is paying for the club - Moshiri will be getting around £550m for a job well done.

Friedkin appears to have already repaid MSP / Blythe Capital recently according to reports. Who knows about what will happen with RMF/777.
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Say what now? How is the club being in mounds of debt anywhere close to being a job well done?
 

andy4efc said:
The difference is 777 has been plagued by rumour, allegations and headlines. Liege are the prime example.

We have confidence and hope becuase the new owners have proven at Roma they can govern a football club, they had a plan and have executed it and it's also not come at a cost of ability on the pitch - they've won a european trophy.

None of us know the finer details of their plan, but they've proven when they buy a football club that they have a plan to ensure the football club has the foundations in place.

We've also had positive reviews of TFD at Roma.

None of us know the future but after the past 3 years treading water, there is good reason for hope.
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Not disagreeing with hope….its what keeps people engaged, just that there needs to be a healthy (not unhealthy) dose of caution
 
BlueStevie35 said:
‘Paid’
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Semantics.

Regardless of it being his or Usmanov's cash, the clubs value has increased due to BMD. The grifters in the fanbase on here / social media who have tried their very best to spread fear into the wider fanbase of FM having "destroyed" the club which brings about it talk of administration have been proven to be both wrong & silly.

He's given the club something we never had under either Johnson or Kenwright which is a future to grow. Hence why he will be repaid upon the clubs sale.
 

ForeverBlue92 said:
Semantics.

Regardless of it being his or Usmanov's cash, the clubs value has increased due to BMD. The grifters in the fanbase on here / social media who have tried their very best to spread fear into the wider fanbase of FM having "destroyed" the club which brings about it talk of administration have been proven to be both wrong & silly.

He's given the club something we never had under either Johnson or Kenwright which is a future to grow. Hence why he will be repaid upon the clubs sale.
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They were not 'wrong'

The club was heading to administration if course was not changed

Why Moshiri defaulted on the MSP loan

Course has now been changed because fans and shareholders demanded that change

You're engaging in historical revisionism claiming what you are
 
toffeemeister77 said:
Is there any clearer idea if the Friedkin takeover happens where these debts will likley stand?
  • £450 million - Moshiri.
  • £225 million - Rights And Media Funding
  • £200 million - 777.
  • £159 million - MSP.
  • £5 million - Metro Bank.
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The MSP supposedly has already been paid off, and Moshiri will write off his. So in reality there is 430m in debt outstanding at this point in time.

I suspect they will either pay it off, or the moment the stadium is done it will be refinanced into a long term much lower interest loan on the stadium. Then if they dont pay it off at some point, in a few years when interest rates go much lower they will refinance again. Refinancing 3 percent lower saves us 11 million a year right now. The second refinance will save another 11 million a year so even if we kept the debt on the stadium long term, our books would be 22 million for the better.

That said if reports are true and he wants to leverage the stadium to compete, the smart thing for him is to pay off the debts as our expenses drop by 45 million and our income probably goes up by 50 million+ which is a massive swing.
 
Eggsyblueskin said:
What’s that old business adage , ‘ you don’t get rich using your own money ‘ ?
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I thought it was :

salad-friends.gif
 
ForeverBlue92 said:
If the reported price of €650 millions is true that Friedkin is paying for the club - Moshiri will be getting around £550m for a job well done.

Friedkin appears to have already repaid MSP / Blythe Capital recently according to reports. Who knows about what will happen with RMF/777.
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I'd let that sit for a while, the whole "company" could be gone and owners locked up, and there'll be nobody to pay back.
 

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