The Friedkin Group reaches agreement to buy Everton

[PhilEFC]

Got to be made clear to any potential buyers now that they’re going to have to be willing to pay off the 777 debt if they want to go any further in discussions. Waste of time otherwise.

You’d have hoped that was made clear to Friedkin early on this time mate.

If they just turned up and said oh we didn’t realise we had to pay that they are probably not right for us anyway.

 

[pfim]

I feel the only way out of this is state funding, who else is going to take on such horrendous risky debt for a club like us?

Why would a state fund take on our debt? It's not directed at you, but this line of thinking lacks foundation.

 

[Zatara]

So, they will end up focused on Roma as they stated many times.

The debt to MSP & Bell/Downing just transfers to TFG.

What is stopping someone doing a similar deal but taking on the debt to 777?

 

[davek]

I've been keeping your seat warm whilst you were away @davek

I'm surprised by all this. I heard about it before the announcement this morning. I thought they were reputable.

It says everything really. About the whole thing.

I've been called a "narcissist" and all sorts this morning. I do think some of our fans are as delusional as Moshiri is. Example is the EFC share price. Given our situation.

We're in this situation because of Kenwright and Moshiri. Those two idiots damaged this club. All these games have to stop soon

Good to see you back anyway @davek

As soon as they tipped up I knew they were chancers.

Their record at Roma - spending a bit then going all moneyball - had alarm bells ringing for me..

Just a bunch of Toyota car salesmen. No great loss.

 

[Damo_1878]

By all accounts due to the debt we owe to 777. They may come back to the table when that is resolved?

If the loan falls due and things still aren't sorted then you would expect they would extend the payment date. They aren't going to want to take control of the club while that is still ongoing.

That could take some time

 

[Eggsyblueskin]

So, they will end up focused on Roma as they stated many times.

The debt to MSP & Bell/Downing just transfers to TFG.

What is stopping someone doing a similar deal but taking on the debt to 777?

That’s the £200 million question.

 

[Mikey_Fitzgerald]

What's so depressing about this is that my reaction was basically "Oh yeah, that's totally something that would happen"

Obviously I'm worried about the club, and a little bit angry, but I'm kind of just over it at this stage

How much more energy can I devote to getting angry or upset about this absolute soup show of a football club?

 

[Nymzee]

That Roma friendly should be fun at least hahahahaha

To be fair, even though they've pulled out, which they're fine to do if the 777 stuff is too dodgy, they did give us money to finish the stadium so think we owe them that friendly at least.

 

[pfim]

So, they will end up focused on Roma as they stated many times.

The debt to MSP & Bell/Downing just transfers to TFG.

What is stopping someone doing a similar deal but taking on the debt to 777?

The TFG debt? Round and round.

 

[Dublin blue 75]

Point dedications and PSR problems are right back dead centre.

 

[kenada_blue]

Worst things ever to happen to the club...

Moshiri
777
Johnson
Kenwright

 

[Tigger]

Ffs, will it ever end

 

[jerseytoffee]

With the Onana sale, the stadium being funded and the PL payments coming in we should be ok from what people have previously said.

We are paying high interest loans of £650m which is the biggest issue, once the stadium is complete can we borrow against that on a long term loan with better rates?

 

[Victus]

Why would a state fund take on our debt? It's not directed at you, but this line of thinking lacks foundation.

I don't know I just can only see somebody with so much money they don't see 200m or whatever extra payment as significant to them whatsoever.

 

[Nymzee]

I heard about it before the announcement this morning.

You mean you logged on Twitter to the Esk's profile.