The Friedkin Group reaches agreement to buy Everton

[Damo_1878]

Sure but having creditors means you have to follow their rules and pay them back principal…the owners injecting capital opens up a whole new list of possibilities, will be either to borrow more or at better rates. It’s transformative for the club.

It potentially will make us into a viable sustainable business

Hopefully we can follow that up with changes to the culture surrounding and inside the club

Hangers on like Tony Bellew and the like get excluded

Fundamental changes

 

[tommye]

Sure but having creditors means you have to follow their rules and pay them back principal…the owners injecting capital opens up a whole new list of possibilities, will be either to borrow more or at better rates. It’s transformative for the club.

Imagine what a competent board and a few competent people in the right positions could do with a zero debt balance sheet and a world class, brand new, state of the art stadium in a world class iconic location in the richest league in world football

 

[catcherintherye]

The club will still be in debt to the owners - they aren't shelling £500m out for charitable reasons.

I'm not sure that's true, as I suspect a lot of their loans will be converted to equity.

Any debt that exists will also not have punitive penalty charges/interest on it.

 

[tommye]

I'm not sure that's true, as I suspect a lot of their loans will be converted to equity.

Any debt that exists will also not have punitive penalty charges/interest on it.

Didn't they say we would go into new stadium debt free or did I imagine that during one of my furious happy wanks?

 

[catcherintherye]

Didn't they say we would go into new stadium debt free or did I imagine that during one of my furious happy wanks?

I believe so, and I pretty much believe we will, and have a substantial capital investment on top of that that can be spent on players.

 

[Dixieslaces]

Imagine what a competent board and a few competent people in the right positions could do with a zero debt balance sheet and a world class, brand new, state of the art stadium in a world class iconic location in the richest league in world football

have to say, it excites the bejesus out me.

It's been too long.

 

[tommye]

I believe so, and I pretty much believe we will, and have a substantial capital investment on top of that that can be spent on players.

A third of it pretty much disappears in reality once they sign the contract. The rest they appear to have sorted one way or another through private negotiations which can only be a good thing. They don't appear fools when it comes to the $.
They've enough of their own money to play with to be arsed paying someone else to play with theirs. All sounds a bit too good to be true for us long suffering fools

 

[catcherintherye]

A third of it pretty much disappears in reality once they sign the contract. The rest they appear to have sorted one way or another through private negotiations which can only be a good thing. They don't appear fools when it comes to the $.
They've enough of their own money to play with to be arsed paying someone else to play with theirs. All sounds a bit too good to be true for us long suffering fools

The main debts seem to be TFG, RMF and A-Cap. Appreciate there's a nominal amount to Metrobank.

TFG will be converted to equity. ACAP A resolution will be found, so that will be sorted. The surprise is RMF, which will also be paid off. That is effectively debt free, with upwards of 200m working capital going into the club on top of that.

 

[Dylan]

"We'd have gotten away with it, if it wasn't for those pesky fans!"

I was honestly thinking of saying that, but figured he would need to be arrested first......

 

[catcherintherye]

I agree. But the loans are going to need to be repaid and also they know that the fans are desperate to get their seats in the new stadium. There is a waiting list for season tickets. They could easily charge on average £50 a seat which equates to around £900 per season ticket. . I’m guessing the south stand will probably average lower and the west and east stands slightly more.

The other thing is the captive audience and match day spend. Before, during and after the game, a big opportunity to bring on more money than at Goodison or say Anfield where there is a lot easier competition.

It relies on people doing it right, but could easily see potentially getting a tenner ahead average on spend, maybe more.

 

[Vintage]

….i’d actually be very surprised if somebody on Friedkin’s team hasn’t been tasked with gauging the views of Everton fans on the range of issues impacting their club.

More specifically, I can see this site being a source of reference for them.

Jesus they are going to offer the new CEO role to @matty1878 aren't they

 

[mmmmsnouts]

The club will still be in debt to the owners - they aren't shelling £500m out for charitable reasons.

The only time that becomes a problem is if the owners run the club so poorly that its value goes down. Or they run out of money.

Moshiri did both. TFG probably won't do the former and definitely won't do the latter.

 

[bluestevon]

Actually the Everton issue was more of a "hot topic" in the summer when the deal eventually collapsed. This time, De Rossi- Souloukou have stolen the show. People talk about it, but not as much as you would expect. Yesterday the Friedkins released their first official statement in 4 years, saying that Roma remains at the centre of their football ambitions.

Many people believe they're going to sell Roma. So the issue for them isn't focus shifting but uncertainty about the future.
I find yesterday's statement too clear to be false and I think they won't sell in the near future.

Perhaps on both sides we should come to terms with the idea of a new kind of partnership. We don't know how this whole football group, which includes AS Cannes too, will work. It seems something different from what we've seen until now. I'm really curious.

Short term at least I can see Roma moving several players into Everton (both Bove and Abraham I believe are possible ones in the future), wouldn't utterly shock me to see a deal thst sees DCL move to Rome in January with Abraham moving in a separate deal the other way. Similarly can see a option were Fiorentina cancel Boxes loan - we cancel Mangala (which now seems weird as it was obviously Textor influenced) he then goes Fiorentina and Bove stays at Rome or goes here.

Short term at least the Roma will be the senior club - it simply is more advanced and stronger in every way than we are (with less difficult roadblocks ahead for progression).

Long term wise ultimately it should benefit both sides, open access to each others teams resources and scouting departments, shared knowledge etc, the ability to shift certain players around depending on the needs of both sides.

The main debts seem to be TFG, RMF and A-Cap. Appreciate there's a nominal amount to Metrobank.

TFG will be converted to equity. ACAP A resolution will be found, so that will be sorted. The surprise is RMF, which will also be paid off. That is effectively debt free, with upwards of 200m working capital going into the club on top of that.

Wouldn't shock me to find out in the future the agreement to pay off the RMF loan went along the line of - take the settlement offer or once we take over we will ask an independent commission to look into the nature of this loan to see if it breached any rules (or at least the negative PR to both RMF and the image of Kenwright and his mates would have been substantial once the interconnecting web was shown) RMF tol essentially your bleeding of the club is over - settle on how many hundreds of millions you've already essentially stolen from the club and don't push it any further.

Same with ACAP - told to take the offer or after buying the club we'll wait for the court case resolution and we know we'll be paying pennies in the pound afterwards.

Think TFG are serious businessman and acted as such mate.

 

[matty1878]

Jesus they are going to offer the new CEO role to @matty1878 aren't they

i would smash this

 

[Marius57]

Given the tens of millions and millions they've already received in interest they will be happy

They're getting their money back and enormous profit

I'll have to stop or I'll start ranting again about it all

Getting high blood pressure over it

The Friedkins clearly know where the main issues in the business are

We've been ran like a corner shop. It's disgraceful. All for vanity

Everyone's match tickets etc will have been made unnecessarily expensive because of it

Urgh. Ranting again

Haven’t we had some of the cheapest tickets for years now?