The Friedkin Group reaches agreement to buy Everton

[Efcjake]

Their product is absolute junk and you only need to see Aston Villa and Newcastle to realise they will be JETISONED by The Friedkin Group at the earliest opportunity

It's damaging the brand and the club's revenue frankly.

Nobody at the club who signed that deal gave a toss what quality the kits are.

They cared about getting cash in the account.

That's not getting thrown out. If you think Yank owners are going to care more about the quality of a replica kit than the club's bank balance you're having a laugh.

No other company is paying us that amount to make our kit. That deal stays as long as Castore wants to throw money away.

 

[Damo_1878]

Nobody at the club who signed that deal gave a toss what quality the kits are.

They cared about getting cash in the account.

That's not getting thrown out. If you think Yank owners are going to care more about the quality of a replica kit than the club's bank balance you're having a laugh.

No other company is paying us that amount to make our kit. That deal stays as long as Castore wants to throw money away.

Aston Villa and Newcastle mate. Last season disposed of Castore

Fact

 

[Efcjake]

The safe bet ... for incompetent people at the club

You mean.

If they can't trust themselves to run an operation making a profit selling merchandise or catering then selling it off was the right choice as they're clearly incompetent.

 

[AS Roma_fan]

I watch a good bit of Serie A. Roma's squad in terms of quality hasn't really improved at all in my opinion in recent seasons despite the turnover of players and managers and the outlay. Thats the concern.

And there is a glaring opportunity to get CL football and mount a realistic challenge for the title. inter are the top side no doubt, and Juventus recruited well in the summer but were vulnerable for a couple of seasons previously. Milan are there to be got at as well.

You'd expect to see Roma being able to out-perform Atalanta for example but that would be doing a disservice to Atalanta who seem to be a superbly run club in all respects with an outstanding coach.

I think Roma should be on the fringes of CL qualification but no more than that at present. The squad needs a good deal more. I'd certainly be disappointed with how they've done if I were Friedkin.

I like their choice of new coach though, Ivan Juric. That looks to be the most considered appointment they have made to date rather than the somewhat signposted, fan-pleasing appointments they made in Mourinho and De Rossi. Perhaps they are learning.

Your analysis is good. Great results in Conference and Europa League have covered the limits of a team that hasn't improved much quality wise over the years. Yet those runs in Europe yielded a Conference league, one Europa League final, two Europa League semifinals and the 6th place in UEFA rankings. Not bad at all.

You hit the point with Juric. I think he's a good manager. The problem with the Friedkins has been they've made many fan-pleasing and/or out of context appointments. Mourinho wasn't the right man to rebuild a team from scratch. You appoint (or appointed, I think he's way past his prime) Mourinho when your team is ready to fight for titles and you want someone who knows how to do it. It even worked to some extent, but we needed something else. De Rossi had no experience. As for the CEO, if we look at all the well-managed clubs in Europe (BVB, Leipzig, Atalanta, Atletico Madrid, Bayern Monaco) we almost always find people with a deep knowledge of football at the highest levels of management. Currently we lack a football-savvy director above the DoF imho.

You see the pattern. They want to please their audience. They're showbiz people and have certain cinema dynamics embedded in mind. On the other hand they seem not to grasp the specificity of football. You can't hire the coca-cola CEO, your core business is somewhere else. In a football club the coca-cola CEO can be appointed as CFO or as a member of the BoD, not as general director or CEO.

Anyway I like Juric and I also think Ghisolfi has done a good job as DoF this summer. They're both football people who didn't come to Rome for their "name" or because they've done well at Mars co.

 

[Damo_1878]

If they can't trust themselves to run an operation making a profit selling merchandise or catering then selling it off was the right choice as they're clearly incompetent.

Why I have called for the sacking of numerous people at the club in middle management - like Kenyon etc

I'd sack him and others like Prentice on my first day on the board

 

[Charles Hawtrey]

Let's say we play 23 games a season, that's circa 1.2m fans across those games assuming full capacity. So we're receiving £2.50 per head per game. No chance.

So just out of interest how much do you think (on average) a fan going to an everton game spends on food and beverages inside the ground?

 

[Exeter_Gently]

It isn't.

Moshiri is toast. He's ran out of time (and money)

I was trying to tell people for weeks TFG were still around.

Post in thread 'John Textor'

September 16, 2024

God I really hope he buys us to see the head loss from Damo in here.

The Friedkin Group are not entirely out of things btw.

• Damo_1878

This is NOT a distraction technique. Moshiri is done at Everton. Remember what Aliya Captial said he was. A "distressed seller". Moshiri does not want the liability for loans that are due. He's done.

The only thing I'll say is that people should not expect this to be 100% fully complete before Christmas due to the ongoing Leadenhall thing. Friedkin Group won't officially "complete" until next year, although they can support the club in the meantime and structure the finances of the club. Or begin to.

This is why Textor really was never a viable proposition. He wasn't really ahead of TFG at any point either.

Why would the Leadenhall case prevent the completion of a takeover?

 

[Efcjake]

Aston Villa and Newcastle mate. Last season disposed of Castore

Fact

Villa didn't renew, which is a completely different thing than breaking the agreement.

Newcastle did break the contract with Castore and signed with Addidas, however, from what I see they had a huge financial incentive to do so. They are getting 8x as much from Addidas. I can guarantee that if the two amounts were reversed they'd still be wearing Castore.

Castore paid around $5.3M per year to "manufacture Newcastle’s first-team kit and training wear" in a deal agreed by former owner Mike Ashley. The contract was "due to expire at the end of the 2025/26 campaign," but Newcastle’s kit will now be produced by Adidas "from the start of next season." Adidas are thought to be paying around $42M a season to "manufacture and supply Newcastle’s kit for the next five years" -- a "huge hike on the income received from the Castore deal" (London TELEGRAPH, 9/27).

 

[bluestevon]

Watching James Horncastle on The Athletic podcast there. Gives quite a brutal assessment of TFG mainly centered on poor player and manager recruitment and PSR issues. Doesn't think they are big enough to manage both clubs and the recent issues are going to be a forerunner for the sale of Roma.

I do think recruitment has been an issue for them. They spent relatively big in their first season but got no benefit in league placings and that has continued. The Europa Conference win and Europa League final may have masked their league placings to a degree. It should be much easier to get Top 4 in Serie A for what they spent.

They appear to allow football people to do their jobs though so their choice of DOF and manager when those changes come will be the center of everything, but that's the case for all clubs. You would hope that Everton can be the beneficiary of the mistakes they've made at Roma.

There big spend in their first year I think was 100m net - but it did win them the club's first ever European trophy, and they became the first Italian team to win a European trophy in 12 years mate, I'd not say that masked anything, it was a brilliant reward for the investment.

 

[Damo_1878]

Villa didn't renew, which is a completely different thing than breaking the agreement.

Newcastle did break the contract with Castore and signed with Addidas, however, from what I see they had a huge financial incentive to do so. They are getting 8x as much from Addidas. I can guarantee that if the two amounts were reversed they'd still be wearing Castore.

So you admit therefore their is precedent for clubs to get rid of Castore and their utter junk products.

Why would the Leadenhall case prevent the completion of a takeover?

Because there remains an injunction in relation to ALL the assets/loans of 777/ACAP that remains in place.

TFG are unable to make agreements to repay formally, without the approval of the court (and/or Leadenhall). So there is stuff still to go that won't be truly finalised until after Christmas.

It's unlikely to completely halt things, it's just that this has to be dealt with before TFG officially take over the club.

 

[Charles Hawtrey]

Aston Villa and Newcastle mate. Last season disposed of Castore

Fact

Do you think their Anus Horibilis with those 2 last year increased the amount they gave us to restore their reputation?

 

[bluestevon]

Interesting / concerning, just read a story on her influence at Roma and allegedly Mourinho referred to her as ‘Vice President’…..
Former influencer / TikTok personality / music video extra / Roma secretary…… quite the meteoric rise!

Yeah after his problems with the Chelsea Physio, I'd shut up about talking about women working at football clubs if I was Jose

 

[Damo_1878]

Do you think their Anus Horibilis with those 2 last year increased the amount they gave us to restore their reputation?

There is literally nothing on this earth that can restore their reputation. Their products are awful.

But yes, in principle.

It's still junk though and it's brand damaging to EFC

 

[bluestevon]

Aha that’s the site I read a story from

You're basically reading the Italian version of national enquirer meets the daily sport mate

 

[Simon Buttle]

Why I have called for the sacking of numerous people at the club in middle management - like Kenyon etc

I'd sack him and others like Prentice on my first day on the board

We just need a clean sweep from top to bottom, the remaining non playing staff like Kenyon and Prentice and others and then move down to the Baines and Tait's and other old boys who seem to hang around like bad smells. We just need a fresh start.