The Friedkin Group reaches agreement to buy Everton

[pfim]

I've never seen administration as realistic up to now but I think things have changed now

If credible investors are not wiling to takeover the club then what options do we have now ?

I struggle to see any obvious positive solutions

The MSP debt was refinanced, it had technically passed its term date. Whatever the next maturity date will dictate Admin. I can't think that's any time soon.

 

[Daveysgingerlovechild]

@Damo_1878 your considered thoughts on this matter?

 

[kenada_blue]

Erm what?

 

[b-rad]

The last 5 years have just been disaster after disaster.
Just end it all now.

 

[EFC_FRANCIS]

I'd be stunned if we find another buyer after this, this season. Which means we will have to go from beinga business that loses 75 million a year to breaking even, all whilst finding another 70 mill for the stadium. Good job we've got Chongy at the helm

 

[Tony’s Carp]

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.

But Branthwaite hasn't gone to United when we thought TFG were buying and we had some confidence about future cash flow. All bets are off about that now.

 

[Damo_1878]

Apparently it was the risk associated with the 777 debt/fraud case.

Wow. Even a group as well capitalised as them wouldn't touch it

Speaks volumes.

 

[nsno-chris]

The message this sounds around both the football and business world is disastrous

Whatever is in the closet will kill this club

 

[kenada_blue]

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?

Always said this.

 

[pfim]

Apparently it was the risk associated with the 777 debt/fraud case.

I guess that's interesting, though at this point it's an arms-length transaction. The risk is that the money will need to be paid back. If the Friedken group couldn't stomach that, that's their prerogative, but the money will need to be refinanced or paid back eventually.

 

[Nymzee]

@PKwalnuts Why are you laughing at all my posts? Something to say?

 

[AndyRJ]

The MSP debt was refinanced, it had technically passed its term date. Whatever the next maturity date will dictate Admin. I can't think that's any time soon.

Haven't Friedkin Group got security over the stadium AND all of Moshiri's shareholding as part of their loan agreement?

If that's the case then any non-payment when that comes due would surely mean they will just take the club rather than push for Administration?

 

[BlueShark]

Great, here we go again

Just when I was starting to relax this summer.

 

[Damo_1878]

@Damo_1878 your considered thoughts on this matter?

The EFC shares are over valued by people on here

Moshiri is nuts. Absolutely crazy

It's disappointing because Friedkin Group are reputable

It raises the worries that have existed for a long time over the debt situation. Plus 777 Partners and their legal issues spilling into our business

 

[Lobworm]

At ease everyone.