The Friedkin Group reaches agreement to buy Everton

[riddick]

I think the other problem with the theory of selling our best players mate is have we ever really sold them and reinvested all the money.

Take the two examples I gave.

Rooney, as far as I can remember we signed Cahill for a couple of million, Marcus Bent for next to nothing and Arteta on loan.

Gordon - we didn’t even get Danjuma on loan.

We to easily accept that we “have to” sell and for some reason believe that, that money is being “reinvested” - when history tells us, it isn’t.

Unless you never heard of the interview, Bill Kenwright was recorded saying they sold Rooney to pay off the debt. I mean, call me crazy but selling your clubs best asset for below market value and not spending any of it sounds pretty bad. The fact it happened, at least, 3 times is crazy that anyone supported him even half way.

 

[Zatara]

The starting point to me is to sell those players, and replace them.

We now live in a world where cash from player sales is more valuable than a cash injection from an owner.

Branthwaite is the best example in terms of how you can exponentially improve the talent in your squad.

If you sell him for 75m, and buy 5 young players for 15 million, you've leveraged his fee to not just improve the squad but perhaps the value of the squad as well.

It's tough as we form attachments to these players, and simple logic would dictate that you want to add to what you already have.

But financially and PSR wise, it's likely better to sell him.

Our problem has been that we would sell him and buy a bunch of expensive medicore, mid-aged players, or the money goes into a black hole and is never re-invested in the squad.

We need to be building the defence around him.

 

[allen]

Unless you never heard of the interview, Bill Kenwright was recorded saying they sold Rooney to pay off the debt. I mean, call me crazy but selling your clubs best asset for below market value and not spending any of it sounds pretty bad. The fact it happened, at least, 3 times is crazy that anyone supported him even half way.

People bought into his shtick that he was searching “night and day,” for a wealthy buyer - that he was doing us a great favour attempting to steer us through an underfunded decline.

Him finally finding a buyer - who just so happened to be willing to allow him to stay on in a position of power and influence - was, according to his cheerleaders, merely a coincidence.

 

[Kevsleftpeg]

So are you suggesting a loss making business is worthless regardless of revenue?

No, hence the word generally.

 

[AndyRJ]

No, hence the word generally.

My point being, there's a lot more to valuing a business than multiples of EBITDA, particularly one with $11bn plus of Gross Revenue. In the absence of any figures, assuming a multiple of Gross Revenue is about all anyone can do.

In my opinion, it's highly unlikely that TFG is worth less than the revenure it generates in a single year, particularly as Dan Friedkin's wealth has rocketed over the last few years which suggests it's probably turning a healthy profit.

All academic though, because he's not going to be selling the business any time soon. It was just a response to someone asking what they were worth seen as we're being bought by the Group and not Dan Friedkin personally.

 

[davek]

Very interesting last third of this long article where it goes into the motivations of US investors with PL clubs and where - in terms of media rights and exploitation of 'the metaverse''. This is where we might be heading under TFG:

Why America is buying up the Premier League – and what it means for the future of ‘soccer’

The impending takeover of Everton FC means a majority of Premier League clubs will be fully or part-owned by US investors. This billion-dollar American revolution all started with a row about a horse.

theconversation.com

 

[HKContractDave]

Former Roma CEO ‘in the running for Everton’ - Toffees move could be ‘curious operation’ - Sport Witness

Former Roma CEO Lina Souloukou is ‘in the running for Everton’ once the Friedkin Group have completed their takeover of the Premier League club. That’s according to Corriere dello Sport, who say the Greek CEO may make her return to football with Everton despite being sacked by the Friedkins last...

sportwitness.co.uk

Been mooted for a while here

 

[Eidean]

The only brands we've ever been able to attract are those who's very own clothing you'd never buy.

I welcome a reputable brand.

They’re also the brands that pay us the most. Adidas aren’t paying anywhere that Castore are.

 

[Neiler]

Very interesting last third of this long article where it goes into the motivations of US investors with PL clubs and where - in terms of media rights and exploitation of 'the metaverse''. This is where we might be heading under TFG:

Why America is buying up the Premier League – and what it means for the future of ‘soccer’

The impending takeover of Everton FC means a majority of Premier League clubs will be fully or part-owned by US investors. This billion-dollar American revolution all started with a row about a horse.

theconversation.com

It is the future, first thing to go should be the 3:00pm blackout.

 

[AS Roma_fan]

US investors are taking over everything. Big European companies are either dead/State owned/publicly traded or colonised by US or Chinese investors. We're almost completely cut off from high tech and digital.

With WW2 we lost political, industrial and economic hegemony and became cultural hubs with (way) higher than average standard of living. And this is true for both those who lost (Italy, Germany) and, surprisingly, those who won (UK, France). As time passes by, it becomes increasingly evident USA was the only State which actually benefited from the war, blood toll set aside.

 

[pfim]

I think the other problem with the theory of selling our best players mate is have we ever really sold them and reinvested all the money.

Take the two examples I gave.

Rooney, as far as I can remember we signed Cahill for a couple of million, Marcus Bent for next to nothing and Arteta on loan.

Gordon - we didn’t even get Danjuma on loan.

We to easily accept that we “have to” sell and for some reason believe that, that money is being “reinvested” - when history tells us, it isn’t.

This is what needs to change with the new ownership group. Remove the outside factors that force us to sell assets on others' terms.

 

[st.domingo]

Very interesting last third of this long article where it goes into the motivations of US investors with PL clubs and where - in terms of media rights and exploitation of 'the metaverse''. This is where we might be heading under TFG:

Why America is buying up the Premier League – and what it means for the future of ‘soccer’

The impending takeover of Everton FC means a majority of Premier League clubs will be fully or part-owned by US investors. This billion-dollar American revolution all started with a row about a horse.

theconversation.com

The metaverse is going the same way as Apple Vision Pro

 

[Tony’s Carp]

Sort of hoping we just appoint an ugly bloke as CEO because I’ve already seen enough “I’d put her in a headlock!!!!” tweets to last a lifetime.

 

[Blue peter]

Koeman was the moment I knew our takeover, which promised so much, was going to be an underwhelming one. I was too positive.

It was when he kept Bill on for me

 

[pfim]

Whilst i accept Twitter is a special case. it was a loss making business and still got sold for circa $44bn.

Ultimately, no-one knows what profit TFG make or how desireable it would be should it come up for sale but it's quite clearly going to be worth considerably more than the annual Gross Revenue it generates.

It's not really a special case. Businesses are valued on future cash flows, not past. Twitter's valuation isn't based on previous results.

To the first post you replied to, car dealerships may make 7%, but only a small portion of their business are retail car dealerships. They're wholesalers of cars and parts.