The Friedkin Group reaches agreement to buy Everton

[Del-boy]

So 777’s assets are now in the hands of an insolvency firm due to their debts. Looks like Friedkin doesn’t want to end up being liable for 777’s debt.

 

[MikeH72]

For what it’s worth, that Ross idiot who was somehow right about all this thinks ACap are going to take control with Bell and Downing on the board. Normally I’d make absolutely nothing of that, but he actually called this spot on somehow.

 

[Dddddd]

'Moshiri played a blinder with 777'

That money kept the stadium build going

 

[Tony’s Carp]

At ease everyone.

How short is the short term?

 

[jamieni]

What a day. I wonder could anyone actually have done a worse job of looking after this club than Moshiri? Goodness me…..

 

[MichaelEFC96]

Who on earth will clear that 200m?

We're stuck with Moshiri unless a Saudi/Qatari consortium come in

 

[Nymzee]

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

If you talk about shares one more time I am going to behead you on the street with a rusty sword.

 

[MikeH72]

That money kept the stadium build going

Yeah but if we’d sold to someone credible 12 months ago then their money would’ve kept the stadium build going.

 

[matty1878]

i wanna cry

 

[pfim]

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?

Sure, but they'd have to be in default to exercise that right. If there are no payments due or the debt is serviced properly, we carry on.

 

[kenada_blue]

Get Dell and Bell on the blower

 

[matty1878]

Matty there will be no SPEND SPEND SPEND as you hoped.

i see

 

[Damo_1878]

How short is the short term?

12 months

 

[FTY]

We are finished

 

[Marius57]

How short is the short term?

This afternoon.

Fortunately, the club don’t work weekends so we won’t know about it until Monday.