The Friedkin Group reaches agreement to buy Everton

[pfim]

I think Moshiri is a Pox.

But the 777 deal is stunning, TFG were negoating from an initial subordinated position in Moshiri's deal with 777 in terms of the deal he struck in my opinion, which was a strong contribution to the leverage for the significant hair cut that TFG got - or hoping to get.

You'd have to be a total headbanger to build the stadium and not know how to fund it but he pulled it off, i think he also paid 100 -150 mill himslef for the initial ground works.

TFG may turn the MSP/TFG loan to equity.

Which leaves R&M.

Which isn't the worst outcome at all for the club when you look at the stadium we gained and revenue it could create. A lot of ifs and buts in that granted and im not even sure if weve seen the final bill for the ground.

Im on record as saying hes the worst thing to have happened to this club - but hes definitely had a big impact on getting the stadium done - genuinely dont think anyone else would have taken it on, was crazy, but here we are, not without adversity and jeopardy.

It's great for the club. It wasn't any of Moshiri's doing, as if he had this master plan. Again, if he has his way 777 would have closed the deal and we'd be begrudgingly owned by Kenneth King right now, and who knows what happens at that point. He stumbled into TFG bailing him out.

 

[Exeter_Gently]

James McCarthy is family.

And his mum does Glaswegian Voodoo.

 

[MikeH72]

It's great for the club. It wasn't any of Moshiri's doing, as if he had this master plan. Again, if he has his way 777 would have closed the deal and we'd be begrudgingly owned by Kenneth King right now, and who knows what happens at that point. He stumbled into TFG bailing him out.

“However, it is through my lengthy discussions with 777 that I firmly believe they are the best partners to take our great Club forward with all the benefits of their multi-club investment model.”

 

[tommye]

Admit you imagine people on completely unrelated innocuous forums engaging in anal penetration without looking like a deviant.

 

[Neiler]

It's great for the club. It wasn't any of Moshiri's doing, as if he had this master plan. Again, if he has his way 777 would have closed the deal and we'd be begrudgingly owned by Kenneth King right now, and who knows what happens at that point. He stumbled into TFG bailing him out.

Of course, I’ve said that. But he got on the right end of negotiations - 777 agreed to a subordinated position in the deal and that left them exposed, fail to plan and all that, I accept there are other factors at play on their end. It’s led to a strong position for TFG to negotiate.

I haven’t said he didn’t intend to sell us, I’ve just said he negotiated a stronger position in the deal then 777 and here we are.

 

[tommye]

boondoggle

 

[evertondotcom]

Pretty sure he stated he had preference some time back cant remember group, but not Freidken. Anyway, pretty safe bet to assume their is some bias with most things in life with everyone. Always, take what he says about financials of Everton as his professional understanding of economic reality. Entirely possible to have bias and be correct. And if that bias has somehow benefited Everton FC, hook or crook, it not a bad thing. Also possible to have professional view and personal view at odds with each other too.

He was financially involved within a another party and abused the trust of (some Evertonians) to rubbish any other news stories.

The man is a crook and only had his own interests at heart

 

[pfim]

Of course, I’ve said that. But he got on the right end of negotiations - 777 agreed to a subordinated position in the deal and that left them exposed, fail to plan and all that, I accept there are other factors at play on their end. It’s led to a strong position for TFG to negotiate.

I haven’t said he didn’t intend to sell us, I’ve just said he negotiated a stronger position in the deal then 777 and here we are.

They didn't have a choice. There were no assets left to borrow against (unlike 777, Everton would have had a more difficult time getting away with using collateral twice).

 

[Bob Elstone]

I still love the bit on his podcast where the Esk says ‘moshiri knows how I feel about it.’

Referencing the financials as if moshiri is sat in his Monoco mansion surrounded by a bevvy load of stunners, drinking champers and worried about what Paul the Esk thinks about his finances.

Comedy gold that is.

 

[AndyRJ]

James McCarthy is family.

 

[Neiler]

They didn't have a choice. There were no assets left to borrow against (unlike 777, Everton would have had a more difficult time getting away with using collateral twice).

So left themselves exposed...........

 

[Llyrap]

We are all wanting the sanity of upper mid table mediocrity and no dramas off the field.

6 months later we'll be bored stiff.

 

[pfim]

So left themselves exposed...........

Yes, 777 left themselves exposed. Little to do with Moshiri. They gave him the most return because they were the least qualified.

 

[Neiler]

Yes, 777 left themselves exposed. Little to do with Moshiri. They gave him the most return because they were the least qualified.

Would you have agreed to what he negotiated.

That's all I'm saying really.

 

[pfim]

Would you have agreed to what he negotiated.

That's all I'm saying really.

No, he found someone desperate who could have ruined the club completely. I don't think he should get any credit for that, even if it had worked out. In fact, just the opposite.

Giving him any sort of credit is just rationalizing after the fact.