The Friedkin Group reaches agreement to buy Everton

[Goat]

Would be interested to know what interest rate Friedkin is now charging for the £158m loan he took over for Everton off MSP and such.

Reckon we are approaching around 1m a week in interest with all these loans, actually thats probably a bit low.

 

[billyblue80]

That 200m from 777 better have been worth it Moshiri because its screwed any chance of a take over in the immediate future!Utter calamitous decision making

 

[DayL08]

That 200m from 777 better have been worth it Moshiri because its screwed any chance of a take over in the immediate future!Utter calamitous decision making

Where would we have been without it though. Almost certainly with a half finished stadium. No way Moshiri was putting that £200m in.

 

[MikeH72]

Where would we have been without it though. Almost certainly with a half finished stadium. No way Moshiri was putting that £200m in.

Well we’d probably have new owners. Because they were never getting approved in a million years. So the stadium would’ve been paid for regardless.

 

[ForeverBlue92]

That 200m from 777 better have been worth it Moshiri because its screwed any chance of a take over in the immediate future!Utter calamitous decision making

I do not believe this to be the case. Friedkin Group have used the loan as a convenient excuse to pull out (imo).

They initially only wanted a minority stake which suggests they impulsively went in for a full bid when it became apparent that there were lots of interest in a complete takeover.

They may well be doing a bargaining manoeuvre, but they have so far been underwhelming in their pursuit of the club.

If men like Usmanov or Mansour wanted EFC, that £200m is paid overnight. Thats the kind of bidder we need. Not US groups who settle debt with more debt.

 

[brieverton]

On whom is the onus to verify the source of funds for a loan? Also bearing in mind that RMF acted as agent for 777. I haven't seen any suggestion that EFC, as distinct from Moshiri, bear any civil liability in that sense.

This is all mired and murky in every sense regardless.

 

[Mrtallywacker]

Do you think John Moores was a good man?

He was a sectarian bigot and he ran a gambling business.

There's no clean money in top flight football. If you cant handle that then maybe it's not an environment for you.

Well, if there's anyone that would know about that my son.....................

God bless.

 

[Mr Happy]

Blimey. All a bit spiky in the forum today.

 

[DayL08]

Well we’d probably have new owners. Because they were never getting approved in a million years. So the stadium would’ve been paid for regardless.

Or more likely we would have went into administration

 

[MikeH72]

Or more likely we would have went into administration

But that’s not more likely?

 

[DayL08]

But that’s not more likely?

Of course it was. Who was queueing up to finance us

 

[hoppy]

How long do we have to wait for this court case with 777 to see what can be done to solve it

 

[Eggs]

How long do we have to wait for this court case with 777 to see what can be done to solve it

….years if it was this country.

 

[MikeH72]

Of course it was. Who was queueing up to finance us

Maybe one of the 6 parties who all mysteriously emerged at the same time as 777’s exclusivity ended? Maybe? No?

 

[roy vernon]

How long do we have to wait for this court case with 777 to see what can be done to solve it

A long time mate, the way it usually pans out in cases like this is, whoever loses immediately files an appeal. I wouldn't expect any resolution this year tbh.