The Friedkin Group reaches agreement to buy Everton

[MikeH72]

Cheers Bill

By all accounts the £200m debt to 777 is the reason this has fallen through, which has nothing to do with Bill.

 

[Pettifogger]

Seemed like a great opportunity to finally get professional ownership

Suspect the next will be some grifter consortium

 

[Eggsyblueskin]

Ok
Time for all Everton supporters to get together
Raise money .
Form St Domingo A.F.C.
Make it supporter owned.
Purchase Goodison Park .
Start again from scratch with a team we all have some say in.
Leave Moshiri with a worthless stadium.
Who’s with me ?!!!

 

[Tony’s Carp]

Where's all those other groups who were interested?

I don't think any external group will buy us now, the 777 / ACAP issue will need to be resolved because they will all see the same things TFG saw. So right now it's back to an emergency holding pattern situation to try and keep us afloat pending the ACAP / Leadenhall situation being resolved and the stadium being completed.

 

[Tramps_mate]

777's debt has bitten us on the arse

I bet they wouldn't accept Friedkin clearing the debt...

 

[nsno-chris]

Looks like RossFutbol was right all along

This club is the gift that keeps giving

 

[GrandOldTeam]

Unless restrictions are lifted, or sports washing money floods in - you have to wonder who is going to be happy with that level of debt.

And risk.

And if we can't find anyone - what then?

 

[Bluewolf]

So like, let's be realistic and honest now, lads. It's administration. If Friedkin and the like, aka actual normal business people, see the debt as too big of an issue, the only real options are pay it (which no one will) or administration and clear everything. A shameful day in the football club.

Administration kills this club its not a option.

We get docked 9pts and we'll loose every saleable asset we have for buttons. We'd be lucky to get £20m for branthwaite let alone the £35m united offered and we wouldnt be abke to reinvest it either.

We'd probably do a Sunderland in all honesty.

 

[pfim]

Second legitimate group to be under exclusivity and to pull out.

Everyone can stop with the Admin talk, Branthwaite would be at United if that were the case.

The levels of incompetence Moshiri has shown has just carried out to this process.

 

[HalfTimeSayers]

At least the exorbitant kit pricing and stick on badge drama makes sense now.

Better be getting all the gate receipts tonight.

 

[14_dollars]

Any ideas why that 777 loan would be an issue? potentially when payments are due or how much needs to be paid back?

The issue is that we owe 777 / ACap £200m+ and the paperwork is pretty much non existent.
Difficult for an acquirer to know where they stand.

 

[SLAVEN BILIC]

Sorry lads, I was in Rome on Wednesday so I think I jinxed it.

Once an Evertonian as touched you, nothing will be the same again!!

 

[stretford blue]

Feels like a massive blow this one

 

[DaChunk]

By all accounts the £200m debt to 777 is the reason this has fallen through, which has nothing to do with Bill.

He put the mad man at the wheel, it has everything to do with him.

 

[nsno-chris]

Farhad Moshiri has killed this club