The Friedkin Group reaches agreement to buy Everton

[Goat]

I would imagine that this has further weakened Moshiri’s negotiation position, so whilst there will be cautious interest in not knowing what the exact issue was for the FG, any new suitor would be thinking they may be able to get us cheaper.

Why Friedkin Group pulled out of Everton takeover and what happens next

Everton takeover news as Dan Friedkin's group pull out of negotiations to buy the club from Farhad Moshiri

www.liverpoolecho.co.uk

Not much doubt in that story.

FG just didnt wanna deal with any of that 777 crap, cos they are basically a ponzi scheme and things will go very badly for anybody involved.

Whilst Everton arent involved, their name is certainly gonna get dragged through the mud.

 

[matty1878]

If something seems good to happen for us, we’ll we know what the outcome will be. We’ve been let down as a fanbase for 30 years. Too many false dawns.

it’s just so predicable and upsetting and annoying

 

[Yorkiebars89]

As if.

Tbh I don't find 1 inch widgy whackers entertaining only because my they call me the tripod

 

[peteblue]

There is a possibility they just wait until after a trial, if the position is a lot weaker, and then make a much lower offer for the outstanding debt.

Indeed…providing it’s debt….anyway Im sure our legal eagles and accountants will explain it all……

 

[matty1878]

Why Friedkin Group pulled out of Everton takeover and what happens next

Everton takeover news as Dan Friedkin's group pull out of negotiations to buy the club from Farhad Moshiri

www.liverpoolecho.co.uk

Not much doubt in that story.

FG just didnt wanna deal with any of that 777 crap, cos they are basically a ponzi scheme and things will go very badly for anybody involved.

Whilst Everton arent involved, their name is certainly gonna get dragged through the mud.

so they’ve distanced themselves due to 777

so it’s someone who’s not assed

and will agree to mosh out

 

[matty1878]

Indeed…providing it’s debt….anyway Im sure our legal eagles and accountants will explain it all……

the tea lady?

 

[matty1878]

it’s just pissed me of lads.

everton saga

let’s all laugh at everton

 

[malcson]

777 leveraged loans for others from American pension funds. Now they have effectively gone bust there is no way of getting that money back into those pension funds so nobody notices it was gone. This will affect thousands/millions of peoples lives in America, the effects of which are yet to be fully revealed. 777 will hope beyond hope that Everton and their other disasters get resolved soon otherwise they might find something in their tea except their cell mate's todger.

777 are chancers. Friedkin is an 'honest, upstanding All-American Christian success story'. They would either not want to be associated in any way with repaying funds initally 'embezzled' from such a sensitve source or 777 haven't been declared bankrupt quickly enough which would possibly allow them to only have to repay a portion of that £200m debt. Either way, both their reputation and money remain intact.

Surely they would get credit for paying the loan back, unless they thought 777/A-Cap may still try and divert in some way or they see an opportunity for 777/A-Cap to go into administration at which point they may buy the club and reduce the amount to paid back?

What about working capital Guilia ?

If Moshiri refuses to fund us on a day by day basis the only way we can survive is by selling players and using the proceeds as working capital.

This lawsuit could tie us up on knots for years.

The only way forward is if someone who is so rich that they don't care about the implications of the lawsuit buys us , and that's not going to happen.

could be that Friedkin is propping us up and waiting for 777 to go belly up at which point the repayment of their loan can be negotiated with administrators??

 

[YoboCopter]

i was proper excited mate

This morning was the first time blood left my penis for about 3 weeks mate

And since then it hasnt been seen

 

[Goat]

What about working capital Guilia ?

If Moshiri refuses to fund us on a day by day basis the only way we can survive is by selling players and using the proceeds as working capital.

This lawsuit could tie us up on knots for years.

The only way forward is if someone who is so rich that they don't care about the implications of the lawsuit buys us , and that's not going to happen.

Sky money drops 1st August.

 

[matty1878]

That's not exactly the case there will still be people ready to step up mate. We only find out what they want us to know. I know everton don't do things like that but we all love a good guessing game

i hope your right but the longer it’s taking
we still are standing still mate

 

[Blue peter]

Why Friedkin Group pulled out of Everton takeover and what happens next

Everton takeover news as Dan Friedkin's group pull out of negotiations to buy the club from Farhad Moshiri

www.liverpoolecho.co.uk

Not much doubt in that story.

FG just didnt wanna deal with any of that 777 crap, cos they are basically a ponzi scheme and things will go very badly for anybody involved.

Whilst Everton arent involved, their name is certainly gonna get dragged through the mud.

You would imagine though that if TFG are as reputable an organisation as they appear to be and the connection to 777/A-Cap’s pending litigation was too much for them, why didn’t they pull out sooner? That litigation has been reported on for at least four or five weeks.

So was it that they did not want to be connected or was it something about the financial construct of the agreement. Something just doesn’t sit right with the timing for me. But if it was just being connected and potentially being reputationally dragged through the mud, why would any other reputable bidders not fear the same?

 

[Evo2901]

Feel genuinely sad about this falling through tbh. It’s just all so disheartening isn’t it? Really don’t know if I’ve got it in me to be bothered about another takeover saga going on for months.

 

[Yorkiebars89]

i hope your right but the longer it’s taking
we still are standing still mate

The only thing standing together with the club is the fans. Opinions may be divided but the love for our club can never be questioned

 

[peteblue]

the tea lady?

Or Damo, or the finch farm security guard……