The Friedkin Group reaches agreement to buy Everton

[MichaelEFC96]

They had the money to pay off MSP and 777?

Dell is one of the richest on the planet - who knows? Doubt they would have put themselves forward if they didn't have some sort of backing

 

[LEONARD]

Knowing our luck, 777 will come back sniffing around.

 

[Frenk]

Oh great Stefan the borg is going to be all giddy.

 

[jerseytoffee]

We aren’t finishing this stadium any time soon. It’s always ‘we need another 100+ million’, there’s always something slowing it down and making it astronomically more expensive than forecast.

It's only a few months from being completed and TFG loan covers that period

 

[derek duvall]

Ultimately, Friedkin Group could have paid off the loans owed to 777. Reading between the lines, they were buying the club on the hope of 777 crumbling and them not having to pay back the loans. ACap have kicked up a fuss so Friedkin has decided he doesn't want to either pay them off in full / fight a court battle.

In that scenario, its no great loss. The club need committed owners willing to spend cash. The lack of backing of the DOF when trying to compete with the mighty Ipswich for Philogene was a red flag.

More proof your god 'Sir Farhad' is and has always been the cancer of this club in recent times. Good luck blaming Bill with this one.

 

[mahermi1]

You are a disgrace and an enemy of this football club. You’ve enabled the man that’s killed this club all because you couldn’t bare being wrong on a faceless internet account. You disgust me.

He's not alone in that score, the main one has come back to gloat over our dead bones.

 

[Blue_Eagle]

What the hell has happened here?!

Came away on holiday and our whole world has collapsed

Stop showing off mate.

 

[pfim]

Yes. Once the stadium is built then its going to mean a long term low interest loan against the stadium and R&M + TFG + 777 all paid off.



If we stay in business until the stadium is complete -- pay the 3 entities off and were in a FAR better position for a sale.



Suggests to me that they were never serious. Due diligence would not take more than a fortnight and especially interesting is that everything is public knowledge.

They paid off 158 million in debt and aren't serious? Does not compute.

 

[JJK]

The sweet embrace of administration is coming and we will all be free.

 

[blueconverse]

Gang of time wasters.

 

[jinkyali]

Absolutely disastrous.
Talk about precarious now.

 

[Dymak]

It’s annoying, but I don’t think it warrants a panic attack. We will be fine imo.

 

[Toffeepot]

I've only read a bit on this but it appears to me we now owe Friedkin what we owed MSP, and Friedkin are content with that situation. The club is still up for sale and Moshiri still covers day to day running by his own admission.

If there is more to this that people definitively know that warrants the meltdowns then I stand corrected in advance. What I do know for certain is I'm determined not to spend this season reading PSR rules and Accounts like last season.
I want to shout at refs and both love & hate Dyche's tactics in equal measure.

If the Football is about to stop, then I'll be concerned. Happy Friday everyone

 

[Nyhus]

In that scenario, its no great loss.

I am somehow still stunned by the dimness of your posts mate. When will i learn.

 

[Cork Evertonian]

I have a feeling that the numbers were so ugly financially they decided to run for the hills!

The full facts will emerge in due course.