The Friedkin Group reaches agreement to buy Everton

[davek]

agree still think tfg will be using this time to out pressure on moshiri could work for or against him and depending what he put into the loan agreement with the club.

Maybe mate. I doubt TFG will be back in for the whole club though.

 

[Goat]

She wouldnt mind if it was to me.

She does like you.

 

[pfim]

You go into it to get it all confirmed.

No way TFG has entered talks with Moshiri without holding all the cards first. Not a chance.

No, you don't. If it was all confirmed, there'd be no reason to enter into exclusivity.

 

[davek]

No, you don't. If it was all confirmed, there'd be no reason to enter into exclusivity.

They do that to stop the clock and take the club off the market so they cant be undercut.

 

[pfim]

They do that to stop the clock and take the club off the market so they cant be undercut.

Yes, because due diligence and further negotiation take place. If they had all of the information and everything was negotiated and/or known, you'd enter into the sale agreement pending PL approval.

 

[kenada_blue]

You go into it to get it all confirmed.

No way TFG has entered talks with Moshiri without holding all the cards first. Not a chance.

And you're talking about a snake (Moshiri) tied up with a bunch of other snakes (777) for 9 months.

 

[matty1878]

Maybe mate. I doubt TFG will be back in for the whole club though.

how can they? and how can we?

we can’t wait we need to sell as soon as

 

[Hellerad]

@Hellerad what would happen if the loan term was expiring imminently, and the capital to repay the loan was available.

Assuming venue was in the USA and dependent on the jurisdiction, the Lender sues to obtain a judgment and enforce any security interest they were given.

A default on one loan can trigger default terms in other loans. This can cause a chain of defaults from various Lenders.

Most businesses here would consider a bankruptcy to restructure the debt.

 

[Hangleton]

Meanwhile - maybe relevant - Roma’s slow transfer window is causing anger and concern amongst fans and coach De Rossi.

 

[davek]

Yes, because due diligence and further negotiation take place. If they had all of the information and everything was negotiated and/or known, you'd enter into the sale agreement pending PL approval.

Not really. The exclusivity period is to negotiate price, not to look at the books.

 

[davek]

how can they? and how can we?

we can’t wait we need to sell as soon as

Why?

 

[Goat]

Why?

Well, I suspect Matty wants new players.

But from a business POV, it would be super if we could shed those loans we have with breathtaking repayments, which are currently crippling us.

 

[Neiler]

Fairy sure that's why you enter exclusivity is to get everything broken down

And once they caught wind of the 777 "loan" bankrolled by one place and serviced through another...then a legal case...time to move on

The injunction to freeze the use of any of the 777/ACAP assets was only made 10th of July, Friedkin pulled out on the 17th, it was announced on the 19th.

In response to people saying surely they knew the situation with the debt - yes they did, its not the finances that are the problem here in the main its the legalities.

 

[matty1878]

Well, I suspect Matty wants new players.

But from a business POV, it would be super if we could shed those loans we have with breathtaking repayments, which are currently crippling us.

as above

 

[Blue Smoke]

So is it the fact that 200million (777 loan) needs to be given to someone straight away (god knows who to now)?
Or is it the worry that we would be investigated for poca (proceeds of crime)?