The Friedkin Group reaches agreement to buy Everton

[Damo_1878]

Here is what I don't get.

The 777 loan. TFG will have known going into the deal about this liability and will know it's accruing high interest.

Why go into the deal if that is ultimately what caused them to pull out?

How can you fully know of a liability, when there is an active court case in the US?

King & Spalding Secures TRO for Leadenhall

On June 7, 2024, on behalf of Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund plc (“Leadenhall”), a King & Spalding team led

www.kslaw.com

 

[Goat]

Here is what I don't get.

The 777 loan. TFG will have known going into the deal about this liability and will know it's accruing high interest.

Why go into the deal if that is ultimately what caused them to pull out?

It suggests to me that a piece in the puzzle is missing.

 

[jinkyali]

How can you fully know of a liability, when there is an active court case in the US?

King & Spalding Secures TRO for Leadenhall

On June 7, 2024, on behalf of Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund plc (“Leadenhall”), a King & Spalding team led

www.kslaw.com

So why go into the deal then?

 

[jinkyali]

It suggests to me that a piece in the puzzle is missing.

What's missing?

 

[Moomin]

So why go into the deal then?

Would you buy a house without inspecting it properly?

 

[Damo_1878]

So why go into the deal then?

You'll have to ask Freidkin Group that, I'm afraid mate.

Or I'd have to check with @Tony’s Carp before I answer because, you know I might post something he considers "inaccurate" that shouldn't be posted on the forum etc.

 

[jinkyali]

Would you buy a house without inspecting it properly?

But that liability owing to 777 or whoever has been in the public domain for weeks?

If Damo can source an article on the court case then I'm sure TFG could.

 

[Goat]

What's missing?

A piece in the puzzle Jinks.

 

[jinkyali]

A piece in the puzzle Jinks.

Thank you for the clarification.

 

[Goat]

Thank you for the clarification.

I mean you yourself are saying it doesn't make sense, I'm just suggesting that something quite vital must be missing.

 

[matty1878]

Shall we enter a GOT consortium?

i would mate!!

we alike probably have enough for a vending machine at FF

 

[Blue peter]

Here is what I don't get.

The 777 loan. TFG will have known going into the deal about this liability and will know it's accruing high interest.

Why go into the deal if that is ultimately what caused them to pull out?

Something has either definitely changes, whether that has been TFGs understanding of the situation (that’s what due diligence is for after-all but they should have had some awareness given the publicity around it), TFG may have wanted to get it mostly done and then adopt a negotiating tactic to get a better deal late on, or Moshiri has changed his position.

 

[matty1878]

I mean you yourself are saying it doesn't make sense, I'm just suggesting that something quite vital must be missing.

about why he’s funding the stadium from a far?

 

[Goat]

i would mate!!

we alike probably have enough for a vending machine at FF

I know some people matty.

As long as there's no questions asked.

 

[Blue peter]

i would mate!!

we alike probably have enough for a vending machine at FF

Ji have just about enough for a chocolate bar in there