The Friedkin Group reaches agreement to buy Everton

[Eggs]

….maybe have a Friedkin v Textor vote in a thread posters can set out why they voted for a particular investor.

Personally, I wouldn’t know who to vote for at this point but would find the discussion useful in helping me form a view.

 

[Eggsyblueskin]

Yeah with both takeovers textor and friekin even the clown himself moshiri, we just have to wait and see how it goes. Would not be surprsed if both did not happen

I would be surprised if anything did happen.
Friedkin are just tyrekickers looking for a doer upper on the cheap as a diversion from their main squeeze, Roma .
Textor is more determined.
But Moshiri is in control , it’s his decision to deal or not .
I suspect it’s still not .

 

[pfim]

I would be surprised if anything did happen.
Friedkin are just tyrekickers looking for a doer upper on the cheap as a diversion from their main squeeze, Roma .
Textor is more determined.
But Moshiri is in control , it’s his decision to deal or not .
I suspect it’s still not .

TFG put 200 million in, they're not tire kickers. Textor needs like 4 unrelated things to happen before he can even be granted exclusivity, he's the tire kicker.

 

[Eggs]

I would be surprised if anything did happen.
Friedkin are just tyrekickers looking for a doer upper on the cheap as a diversion from their main squeeze, Roma .
Textor is more determined.
But Moshiri is in control , it’s his decision to deal or not .
I suspect it’s still not .

…it’s a lot of investment to kick tyres.

 

[Eggsyblueskin]

…it’s a lot of investment to kick tyres.

They will get a decent return on their money.
They didn’t loan us £200m because they care about Everton , they did it to make money out of us , like any other lender.
Friends who lend you money are only friends until the first repayment is due.

 

[Eggsyblueskin]

TFG put 200 million in, they're not tire kickers. Textor needs like 4 unrelated things to happen before he can even be granted exclusivity, he's the tire kicker.

TFG literally opened negotiations, viewed the product , then walked away .
That is actually the very definition of tyre kickers.

 

[trueblue84]

TFG literally opened negotiations, viewed the product , then walked away .
That is actually the very definition of tyre kickers.

They did the same to Roma before completing that purchase.

 

[Eggsyblueskin]

They did the same to Roma before completing that purchase.

Oh !
That’s ok then .
Look forward to being Roma B team .

 

[bluestevon]

TFG literally opened negotiations, viewed the product , then walked away .
That is actually the very definition of tyre kickers.

They walked away for three months from Roma as well, they returned and bought it for a renegotiated fee.

They bought out the loan AFTER they saw the books. By doing so they removed a huge looming problem for the club in regards to the MSP loan being outstanding.

The loan they made is reportedly the lowest of the loan repayments interest wise by a way (odd that if the goal was simply to gouge us on it)

By paying off the loan they placed themselves into the position of any buyer has to now pay them off before being able to buy the club, it ensured they are very much in a position to know how serious/progressed any bidder is.

TFG will most likely end up as our owners

 

[pfim]

TFG literally opened negotiations, viewed the product , then walked away .
That is actually the very definition of tyre kickers.

They bought the tire warehouse and are in constant contact with the club as the clubs largest debt holder (along, perhaps, with 777).

 

[Eggsyblueskin]

They bought the tire warehouse and are in constant contact with the club as the clubs largest debt holder (along, perhaps, with 777).

Constant contact ?
You know this for a fact ?
Not trying to be facetious, just intrigued.

 

[Damo_1878]

Constant contact ?
You know this for a fact ?
Not trying to be facetious, just intrigued.

If you put £200 million into a company would you not be in "constant contact"?

I would be as @pfim says

 

[Eggsyblueskin]

If you put £200 million into a company would you not be in "constant contact"?

I would be as @pfim says

No
I would set a repayment date and go about my normal business until that date arrived.
That’s how my business works .
I don’t expect calls from suppliers .
Or queries from employees .
Until due dates arrive.
Be a bit irritating otherwise.
If I lend money to someone I make sure I’m confident they are able to repay it without phoning them up everyday to enquire about their financial health .
Life’s too short for all that .

 

[Damo_1878]

No
I would set a repayment date and go about my normal business until that date arrived.
That’s how my business works .
I don’t expect calls from suppliers .
Or queries from employees .
Until due dates arrive.
Be a bit irritating otherwise.
If I lend money to someone I make sure I’m confident they are able to repay it without phoning them up everyday to enquire about their financial health .
Life’s too short for all that .

Well their loan agreement will dictate what rights they have with the company

It'll be extensive given they were (or "are") seeking to acquire said company

I've invested in venture capital investments

I'd never invest without having significant say or a place on the board

Something Textor is missing at Palace incidentally ("significant say" even if he has a board place)

 

[matty1878]

The Friedkins have a far better chance than Textor mate, they actually have a stake in the club already due to the money lent whereas Textor has nothing. They also have access to more money than Textor who seems to be struggling and needs to sell his Palace shares.

i get that but i’m sure textor knows about
tfg

he will sell he’s shares