The Friedkin Group reaches agreement to buy Everton

[mikel_88]

Now it's official.


First of all a warm welcome on board. You've always been the right side of Liverpool.


What you can expect:


- financial stability. No doubt. TFG has reached the 13,3 billion revenues mark in 2023 - https://www.houstonchronicle.com/bu...op-100-houston-private-companies-19565974.php. They put 1 billion for Roma stability. I read on here we're making profits now. False. But they've succeded in curbing annual losses year by year. When they came in we were losing 140 million euros a year, in 2024 our loss should be 50 million euros or even less. With UCL money, if we finally get it, we should be almost ok.


- Few words. They simply don't speak, don't get interviewed, don't talk to anybody. I read the official statement about the Everton purchase and it's almost the same statement they made for Roma. These will be the last words you'll hear directly from them.


- Out of nowhere decisions. Since they don't speak, journalists are clueless about their moves. Everytime it's a big surprise. For example, nobody had linked Roma with Mourinho until the official statement was published on asroma.com.


- lack of personal understanding of the game. Even though 4 years at Roma must have somehow taught them a lesson or two, they're not football experts. They appoint a CEO, a sporting director and let them work. The problem is:


1) sometimes they feel the urge to bring in some big names, even though such names don't fit the project. They are cinema/showbiz people, watch Dybala's presentation to get an idea of the kind of shows they like to put on.


2) They choose their top managers through headhunting agencies. This has led to some strange decisions. But: you have to always remember that Italian football is unique. Common sense would dictate to bring in experienced Italian managers as DoF, General Director and so on. Personally, I think this would be the best way to do things. They don't. They usually bring in young directors who come from abroad (Thiago Pinto, Lina Souloukou). Imho this is backfiring because these people, though talented, lack any form of connection with the country they're working in. I'm 100% sure this will be less of an issue in the UK.


- When they think something should be done, they do it. They have sacked Mourinho and De Rossi without pleasantries. They seem to have no mercy and move on to the next manager or director whenever they see fit.

This has led to a certain lack of stability in the sporting and marketing area of the club. Currently we're in need of someone who knows how to run a football club in Italy at the helm.


All the banners you posted are 100% real, but they've been made by the ultras. De Rossi's sacking has been a shock for almost anybody and we all think the situation should have been handled better. De Rossi deserved it for everything he has done for the club. Yet those over the top reactions are 100% ultras only. Souloukou was threatened and she had to resign fearing for her own and her children'safety. Unfortunately Italy is what the UK would have been if hooligans hadn't been marginalised. A certain feeling of uncertainty is anyway widespread in Rome at the moment.

Yeah is a balanced view is good to read so we can get an idea how things will be here. I dont mind not really hearing from them much because one everytime moshiri spoke was embarassing most of the time. Also i would prefer hear off the ceo and dof who run the day to day of the club. But hopefully we can both see these two great clubs get back to the top again

 

[Ferguson1878]

TFG have come to an agreement with long-standing lenders RMF Funding to pay back their £225m loan, which costs the club an eye-watering £30m in interest a year. [
@MsiDouglas
]

Wonder how long that loans been going for

 

[Infernus]

TFG have come to an agreement with long-standing lenders RMF Funding to pay back their £225m loan, which costs the club an eye-watering £30m in interest a year. [
@MsiDouglas
]

Like someone said on twitter before "This is what proper owners do". Clearing that debt will be a massive boost to Everton

 

[Bob Latchford]

Whats the latest?

Theyre paying off R&M + 777 thus wiping the debts?

What Friedkin's Everton takeover means for the new stadium, Dyche and transfers

American billionaire's agreement to acquire a majority stake in the club marks the beginning of a new chapter after a desperate few years

inews.co.uk

 

[Osamabindiesel]

So give me the deets, did Moshiri cave or TFG cave? Or is this just the next stage of “the exclusivity agreement” where they inevitably back out again?

 

[Damo_1878]

Like I said mate, cracking guess

Up the Friedkin Toffees

Oh ye of little faith.

 

[Eggsyblueskin]

Now it's official.


First of all a warm welcome on board. You've always been the right side of Liverpool.


What you can expect:


- financial stability. No doubt. TFG has reached the 13,3 billion revenues mark in 2023 - https://www.houstonchronicle.com/bu...op-100-houston-private-companies-19565974.php. They put 1 billion for Roma stability. I read on here we're making profits now. False. But they've succeded in curbing annual losses year by year. When they came in we were losing 140 million euros a year, in 2024 our loss should be 50 million euros or even less. With UCL money, if we finally get it, we should be almost ok.


- Few words. They simply don't speak, don't get interviewed, don't talk to anybody. I read the official statement about the Everton purchase and it's almost the same statement they made for Roma. These will be the last words you'll hear directly from them.


- Out of nowhere decisions. Since they don't speak, journalists are clueless about their moves. Everytime it's a big surprise. For example, nobody had linked Roma with Mourinho until the official statement was published on asroma.com.


- lack of personal understanding of the game. Even though 4 years at Roma must have somehow taught them a lesson or two, they're not football experts. They appoint a CEO, a sporting director and let them work. The problem is:


1) sometimes they feel the urge to bring in some big names, even though such names don't fit the project. They are cinema/showbiz people, watch Dybala's presentation to get an idea of the kind of shows they like to put on.


2) They choose their top managers through headhunting agencies. This has led to some strange decisions. But: you have to always remember that Italian football is unique. Common sense would dictate to bring in experienced Italian managers as DoF, General Director and so on. Personally, I think this would be the best way to do things. They don't. They usually bring in young directors who come from abroad (Thiago Pinto, Lina Souloukou). Imho this is backfiring because these people, though talented, lack any form of connection with the country they're working in. I'm 100% sure this will be less of an issue in the UK.


- When they think something should be done, they do it. They have sacked Mourinho and De Rossi without pleasantries. They seem to have no mercy and move on to the next manager or director whenever they see fit.

This has led to a certain lack of stability in the sporting and marketing area of the club. Currently we're in need of someone who knows how to run a football club in Italy at the helm.


All the banners you posted are 100% real, but they've been made by the ultras. De Rossi's sacking has been a shock for almost anybody and we all think the situation should have been handled better. De Rossi deserved it for everything he has done for the club. Yet those over the top reactions are 100% ultras only. Souloukou was threatened and she had to resign fearing for her own and her children'safety. Unfortunately Italy is what the UK would have been if hooligans hadn't been marginalised. A certain feeling of uncertainty is anyway widespread in Rome at the moment.

Thanks for this , it was interesting to hear from a Roma supporter about what they’re like up close.
You have confirmed my concerns about them.
They appear insular , remote and uncommunicative, leaving supporters in the dark about their aims and intentions?
They do not understand how football works and make the wrong appointments for the wrong reasons.?
They are prone to confusing football with the glitz and glamour of showbiz ?
To be honest they sound like Moshiri with more glitter and even less football nous .
People have been going giddy over them here purely because they are wealthy it seems and not because of their ability to run a football club.
On the plus side they are good on the financial side?
And their addiction to showbiz style appointments probably means they will want an A list star as their leading man , which doesn’t bode well for Dyche as he is more the gritty down to earth character actor type .

 

[Bob Latchford]

Terrific news for the club and all of you in the city.

Mosh better watch himself around windows and cuppas for the next little while.

Headlocks incoming

 

[mikel_88]

So give me the deets, did Moshiri cave or TFG cave? Or is this just the next stage of “the exclusivity agreement” where they inevitably back out again?

Think moshiri wanted 50 mill for the club think he has lowered that now or has passed on it. Was watching that view from the bullens sure they said something like that. Also have agreed a deal noe that just needs be passed by the league to be finished

 

[Dublin blue 75]

Cry me a river

Him and Kenwright arranged eye watering interest loans that saddled Everton

Him and Kenwright almost destroyed the club

BILL KENWRIGHT HAS NO "LEGACY" AT EVERTON

He was a disgrace

Complete agreement. The RMF debt, in particular, has always come with red flags galore.

Directors aren’t meant to enter into related party transactions and, where they happen, they are legally required to be disclosed in the annual accounts. This never happened in this case but strongly suspect they were and should have been. It can only have been Kenwright who sanctioned those loans at those rates over the years (there would absolutely have been cheaper alternatives) so why did he select RMF and who benefited from that?

He needs to be power washed out of Everton’s history and zero mention of him period in BMD. Clean slate.

He also had Moshiri’s trousers down. Say he rues the day he took the first call from him.

 

[Damo_1878]

They had a loan on the books at 13.3% interest? Jesus, I have credit cards with lower rates than that.

Getting Rights and Media Funding (Bill Kenwright's loans) away from Everton will be enormous for the business due to their interest rates



How anyone thought loaning money like that was good for the club, I don't know?

Money being borrowed to cover up incompetence.

 

[bluerobert]

Imagine the cheer these are going to get at their first game at Goodison

 

[BrendanGOT]

So give me the deets, did Moshiri cave or TFG cave? Or is this just the next stage of “the exclusivity agreement” where they inevitably back out again?

My understanding is the deal is done, exclusivity and all that is past. We just await the Premier League stamping it with their approval which some are saying should be quick. I haven't seen any figures but my guess is Moshiri is taking a big loss.

 

[goog]

They choose with an algorithm. Thiago Pinto and Ghisolfi were chosen by algorithm and are terrible. When they sacked De Rossi they showed him the algorithm data which said he wouldn't make it to the Champions League spots

 

[Damo_1878]

Complete agreement. The RMF debt, in particular, has always come with red flags galore.

Directors aren’t meant to enter into related party transactions and, where they happen, they are legally required to be disclosed in the annual accounts. This never happened in this case but strongly suspect they were and should have been. It can only have been Kenwright who sanctioned those loans at those rates over the years (there would absolutely have been cheaper alternatives) so why did he select RMF and who benefited from that?

He needs to be power washed out of Everton’s history and zero mention of him period in BMD. Clean slate.

He also had Moshiri’s trousers down. Say he rues the day he took the first call from him.

Bill Kenwright started using R&MF for loans 6 months prior to Moshiri's arrival at Everton in 2016

Allegedly, Bill Kenwright had lawyers monitoring social media for posts related to him and them during the past 2 years. For those criticising the use of those loan facilities

What you say there above is absolutely SPOT ON

The whole club needs them gone. They've hugely damaged the club due to the costs of the interest