The Friedkin Group reaches agreement to buy Everton

[COYBL25]

We were all tracking Ancelotti's flight and even knew what he had bought in Duty Free.

We even knew that he’d turned down temporary digs at the Titanic in favour of the deluxe room at the Banjo and an all inclusive consisting of a full English and a fish supper.

 

[AndyRJ]

Seems like the R&M funding arrangement is potentially quite complicated if this article is anything to go by.

Didn't think R&M would need a team of legal advisers

https://www.bclplaw.com/en-US/event...knowledge-to-a-major-premier-league-deal.html

I suppose it's not just as simple as paying off a credit card. That and it probably demonstrates how much control they have over the club.

 

[Rooney_Tunes]

Seems like the R&M funding arrangement is potentially quite complicated if this article is anything to go by.

Didn't think R&M would need a team of legal advisers

https://www.bclplaw.com/en-US/event...knowledge-to-a-major-premier-league-deal.html

I suppose it's not just as simple as paying off a credit card. That and it probably demonstrates how much control they have over the club.

Problems?

99.9%?

 

[PhilEFC]

Seems like the R&M funding arrangement is potentially quite complicated if this article is anything to go by.

Didn't think R&M would need a team of legal advisers

https://www.bclplaw.com/en-US/event...knowledge-to-a-major-premier-league-deal.html

I suppose it's not just as simple as paying off a credit card. That and it probably demonstrates how much control they have over the club.

What a great Evertonian Bill truly was.

 

[Melchizedek]

I've said before, I'd rather hear from the DoF than the owner. I appreciate the updates from Thelwell.

I feel the same. I don't need communication from TFG, I want communication from Everton.
That's why I hope Prentice is one of the first out the door. He's still entrenched in the Kenwright ways of "no news is good news"

 

[PhilEFC]

I feel the same. I don't need communication from TFG, I want communication from Everton.
That's why I hope Prentice is one of the first out the door. He's still entrenched in the Kenwright ways of "no news is good news"

Is he still there? I thought he had slipped out the back door.

 

[marnie]

We even knew that he’d turned down temporary digs at the Titanic in favour of the deluxe room at the Banjo and an all inclusive consisting of a full English and a fish supper.

Vera turned his head x

 

[Damo_1878]

Seems like the R&M funding arrangement is potentially quite complicated if this article is anything to go by.

Didn't think R&M would need a team of legal advisers

https://www.bclplaw.com/en-US/event...knowledge-to-a-major-premier-league-deal.html

I suppose it's not just as simple as paying off a credit card. That and it probably demonstrates how much control they have over the club.

It's a £200 million loan (or the order thereof) and they had security over the club's bank accounts and properties at and around Goodison Park

Lawyers will have been involved for some time given that the club was experiencing a number of issues (e.g. PSR, 777 Partners and/or was at times experiencing financial issues and there was talk of creditors needing to take a "hair cut" on the loans)

This press release by a law firm is firm evidence that R&MF involvement with EFC is THANKFULLY coming to an end. As law firms don't generally go public until after their work is done as client's prefer confidentiality.

What a great Evertonian Bill truly was.

I said something similar on here and got shouted at a number of times

No he really wasn't

It's caused enormous damage to Everton Football Club and it's stakeholders

The worry, the financial strain etc.

 

[Melchizedek]

Is he still there? I thought he had slipped out the back door.

Maybe he has, but it wasn't communicated? Wouldn't be surprised.

 

[PITA]

It's not the playing, it's the watching. The PL gets $433 million/year from the largest English-speaking nation in the world, and doesn't play a single match there. It's a huge advantage, the language.

I didn't know that that many Norwegians speak English.

 

[mahermi1]

Seems like the R&M funding arrangement is potentially quite complicated if this article is anything to go by.

Didn't think R&M would need a team of legal advisers

https://www.bclplaw.com/en-US/event...knowledge-to-a-major-premier-league-deal.html

I suppose it's not just as simple as paying off a credit card. That and it probably demonstrates how much control they have over the club.

So R&M have been a lender for over a decade ?
Thought Moshiri was supposed to have fully paid up all the Everton Kenwright debts when he took over ? Thanks again Bill still suffering for you're lies I see... high interest loan this one as well, anything to stay in power as long as he could.

 

[longers]

Thought this was quite interesting. James Horncastle saying they got around FFP at Roma (after spending big) by selling their youngsters, they'll have trouble doing that with us given we don't exactly churn them out at a fast rate



Also them not being able to step foot in Rome due to fan unrest will be good preparation for Everton

 

[PITA]

He was on
This very forum when he was co-writing Duncan’s book

Really? What was his username?

 

[aglee]

….in a way, this latest Friedkin development came out the blue. I know it was reported they had reignited their interest just as a few posters predicted but to see reports on Monday morning that it was virtually a done deal came as a bit of a surprise.

I believe they were ready to do a deal weeks ago. Everything sorted. They then tried to do what they did with Roma and pretend to walk away to see if they could later get a cheaper deal. Moshiri called their bluff though, wouldn’t surprise me if Textor’s ‘bid’ and exclusivity was just a sham - a way to bring Friedkin back to the table on unaltered terms for fear of missing out. Textor has either been used or he was a part of the ploy imo.

 

[PITA]

Iroegbunam seemed to be out of the blue aswel

This is getting a bit like 'What did the Romans do for us?'