The Friedkin Group reaches agreement to buy Everton

[Tony’s Carp]

Could it be a negotiation tactic?

It could be, walking away from exclusivity doesn't prevent them from coming back in. But I don't think so - this 777 / ACAP lawsuit seems like a genuinely difficult hurdle to get over. Possible they still end up as owners but I doubt it's any time soon.

 

[efcfanwirral]

It is. You can't just call in a loan unless the loan contract says you can under the terms and conditions

It's mentioned that 777's legal issues are partly to blame, could the result of those impact when that loan is due? As in, if they end up in trouble could we then by extension have to pay earlier?

 

[matty1878]

It is widely known that 777 had lent us £200 million. I would have thought any new owner would have been looking to pay off that debt (Friedkin paid the £158 to MSP) could someone explain what makes the £200 million owed to 777/A-Cap so toxic as to scupper the deal? Is it the fear that that legal authorities may view whoever pays that debt off as being embroiled in some form of money laundering?

all i knew/thought was that friedkin

paid of 200 mill to someone

 

[kithnou]

Come of it, this is terrible news

The only thing terrible is Moshiri picking the wrong buyers

 

[Damo_1878]

It's mentioned that 777's legal issues are partly to blame, could the result of those impact when that loan is due? As in, if they end up in trouble could we then by extension have to pay earlier?

No.

In the event of damages being awarded the court could allow the seizure of assets by Leadenhall. This is a US issue. Entirely really.

 

[Rich1878]

why they are billionaires?

Good with business?

 

[Zatara]

There's obviously more to it, but its taken them however long + 4 weeks of exclusivity talks to find out that 777 are dodgy?

Yes it makes no sense at all. It was all in the public domain.

Doesnt take a month to see the 777 deal agreement.

2 weeks for light due diligence and this would all be clear.

 

[Cork Evertonian]

get off you horrible vile man had enough of you and your anti everton bashing

I thought that fella was banned as well mate. We're kind of effed tbh.

No one half decent will touch us with a forty foot poll, due to the loans with those 777 gangsters.

Nice one Moshiri and nice one Bill this club is halfway to joining you in the grave now!

 

[ForeverBlue92]

AS Roma Hires Goldman Sachs To Find Buyer After Deal With Friedkin Collapses

James Pallotta hired the investment bank after the $850 million sale fell through.

www.forbes.com

They have done this before it seems..

If Friedkin is playing silly buggers, its not a good look on them when we're in the transfer window and need a takeover sorting ASAP.

 

[efcste97]

The only thing terrible is Moshiri picking the wrong buyers

Yes, it's not like that's the number 1 most important thing that's currently holding us back. 4th times the charm i guess?

 

[Curtis]

If Friedkin is playing silly buggers, its not a good look on them when we're in the transfer window and need a takeover sorting ASAP.

Why doesn't your hero moshiri use his own funds and save the day?

 

[kithnou]

Yes, it's not like that's the number 1 most important thing that's currently holding us back. 4th times the charm i guess?

We’ll be fine

 

[ForeverBlue92]

Yeah it seems like they didn't want to pay the full debts and get a haircut on the loans, so how much were they going to actually put into us and help us progress?

As much as I endorsed the Friedkin Group, the more you see, the less impressed you become.

I wouldn't be surprised that they were looking to sell Roma to the Saudi's in which that money would cover the purchase of EFC & the covering of its debts.

Maybe that deal has gone cold and so has Friedkin's desire to pump money into EFC ?

 

[efcfanwirral]

Yes it makes no sense at all. It was all in the public domain.

Doesnt take a month to see the 777 deal agreement.

2 weeks for light due diligence and this would all be clear.

Announcement could easily be weeks after the decision, perhaps to help Everton out as they're now part of the debt club and its in their interests

 

[Blue_in_london]

What a mess. More time wasted. Definitely things are not right at this club.

Is that the official Freidkin notes from the exclusivity period?!