The Friedkin Group reaches agreement to buy Everton

[Neiler]

The other thing is, if it was a proper modern service, you'd be able to come back in after watching your local lower league side and watch one of the big PL games on catch-up.

Actually a very good point mate! Youd be more likely to as well after the fact.

I dont think neutrals - say a Carlisle fan would get as excited on the outcome of a PL game, in the same way they would a Carlilse 4-3. They might want to watch a game after their own just for entertainment, if there was a bit of drama or a big score.

 

[AndyRJ]

It’s the same as the earlier decision, presume that's the outcome of ACAPs appeal.

All the court is saying is the settlement still falls within the injunction in place in terms of scope.

Next step is for the court to judge whether the deal is fair market value given the context.

Apparently TFG have agreed to re-pay more of the £200m back to A-CAP than any other bidder would commit to.

I expect Leadenhall will be unlikely to agree to the deal in it's current guise, not straight off the bat anyway, but they may not get final say in the matter.

Ultimately, A-CAP/777 aren't guilty of anything yet and Leadenhall need to accept that even if they were proved to be, and they suddenly became beneficiaries of this loan, they wouldn't be getting all of that money back in any case.

 

[Neiler]

Apparently TFG have agreed to re-pay more of the £200m back to A-CAP than any other bidder would commit to.

I expect Leadenhall will be unlikely to agree to the deal in it's current guise, not straight off the bat anyway, but they may not get final say in the matter.

Ultimately, A-CAP/777 aren't guilty of anything yet and Leadenhall need to accept that even if they were proved to be, and they suddenly became beneficiaries of this loan, they wouldn't be getting all of that money back in any case.

Thats the thing mate there is a road to be travelled here, Leadnhall are essentially fighting to be in the position ACAP are in, which isnt an enviable one considering where they sit in our debt portfolio - so at some stage they would be waiting for their money - not ideal - or taking a haircut anyway. Even if Leadenhall were successful and that's an if, there would be a renegotiation anyway - presuming they want to recover something - i think im right in saying the debt doesn't mature until 2027. The loan agreement with 777 i think looks weak.

The only thing agreed on so far between the three parties is the deal falls in the scope of the injunction. We dont even know if Leadehall have an issue with the resettlement deal yet - as you suggest though they could try to renegotiate - but many ifs and buts in the court before we get to that point and they could agree just to have money in the pot to fight over.

 

[teppic]

Actually a very good point mate! Youd be more likely to as well after the fact.

I dont think neutrals - say a Carlisle fan would get as excited on the outcome of a PL game, they way they would a Carlilse 4-3. They might want to watch a game after their own just for entertainment, if there was a bit of drama or a big score.

There is no way in the world a supporter of a non-league team, or a team from league 1 or league 2 would get more excited watching a Premier League game over their own side. No way in a million years. I watch a bit of non league and lower leagues and they just don't care about the Premier League. Good for them!

 

[AndyRJ]

Thats the thing mate there is a road to be travelled here, Leadnhall are essentially fighting to be in the position ACAP are in, which isnt an enviable one considering where they sit in our debt portfolio - so at some stage they would be waiting for their money - not ideal - or taking a haircut anyway. Even if Leadenhall were successful and that's an if, there would be a renegotiation anyway - presuming they want to recover something - i think im write in saying the debt doesn't mature until 2027. The loan agreement with 777 i think looks weak.

The only thing agreed on so far between the three parties is the deal falls in the scope of the injunction. We dont even know if Leadehall have an issue with the resettlement deal yet - as you suggest though they could and could try to renegotiate - but many ifs and buts in the court before we get to that point and they could agree just to have money n the pot.

The thing that we don't know is how this impacts the takeover, if at all.

Clearly TFG don't want to pay back all of that money and A-CAP, through agreeing the deal, understand that they aren't going to get it all back.

TFG will obviously want all this resolved ASAP but does it materially affect the takeover? I think it will be resolved but it looks like it could drag on.

 

[Neiler]

The thing that we don't know is how this impacts the takeover, if at all.

Clearly TFG don't want to pay back all of that money and A-CAP, through agreeing the deal, understand that they aren't going to get it all back.

TFG will obviously want all this resolved ASAP but does it materially affect the takeover? I think it will be resolved but it looks like it could drag on.

I presume there is a signed legal agreement in place between Moshiri and TFG - whether there is a clause in that - i dont know, id be surprised if its a deal breaker - i think the issue in the summer may have been how the case could - escalate criminal proceeding etc and how that could impact the club - but im guessing overall.

 

[brieverton]

I don't think the Leadenhall situation is of any huge concern. TFG are offering a deal and it's in literally everyone's interest that the takeover and settlement with A-Cap proceeds.

It surely could not hold things up and can be sorted in the background.

Of the money owed, where is any payment on it coming from if not from TFG?

A deal will be done and if tweaks are needed, they will be done too.

Leadenhall have to balance interests here - they don't come out of this whole episode smelling of roses themselves.

 

[Neiler]

There is no way in the world a supporter of a non-league team, or a team from league 1 or league 2 would get more excited watching a Premier League game over their own side. No way in a million years. I watch a bit of non league and lower leagues and they just don't care about the Premier League. Good for them!

I agree mate.

Last season, i didn't know who was top of the PL going into the last few games and we're in the league - i have 0 interest in who wins the title at all and we're in that league - I'm not even sure today whose top of the league.

I can only imagine Lower league fans have less of an interest, its not relevant for them.

 

[AndyRJ]

I presume there is a signed legal agreement in place between Moshiri and TFG - whether there is a clause in that - i dont know, id be surprised if its a deal breaker - i think the issue in the summer may have been how the case could escalate criminal proceeding etc and how that could impact the club - but im guessing overall.

I don't think the Leadenhall situation is of any huge concern. TFG are offering a deal and it's in literally everyone's interest that the takeover and settlement with A-Cap proceeds.

It surely could not hold things up and can be sorted in the background.

Of the money owed, where is any payment on it coming from if not from TFG?

A deal will be done and if tweaks are needed, they will be done too.

Leadenhall have to balance interests here - they don't come out of this whole episode smelling of roses themselves.

Agree with all this. I'm not convinced the whole deal hinges on the 777/A-CAP loan. There was clearly an issue earlier in the year but i think that was more to do with the legal ramifications than the actual amount.

There is likely to be a limit to what TFG are comfortable re-paying before the takeover starts to make less financial sense, but i very much doubt they would reach that.

Obviously what has been reported is less than ideal, but i'm quite confident that it can be resolved. A-CAP are obviously just trying to do what they can to push it through without involving Leadenhall, which is their right. This apparent ruling just adds more time and negotiation to the whole thing but may not necessarily impact on the completion of the takeover itself.

 

[teppic]

I agree mate.

Last season, i didn't know who was top of the PL going into the last few games and we're in the league - i have 0 interest in who wins the title at all and we're in that league - I'm not even sure today whose top of the league.

I can only imagine Lower league fans have less of interest, its not relevant for them.

Defo. I subscribe to NOW TV and I've hardly watched a kick from games that don't have Everton. My interest in the league itself is at an all-time low.

 

[teppic]

I can't see me renewing NOW TV next season. Probably like thousands of others.

 

[Exeter_Gently]

I can feel Damo registering as we speak to pick the bones out of the Leadenhall case.

 

[Neiler]

I presume there is a signed legal agreement in place between Moshiri and TFG - whether there is a clause in that - i dont know, id be surprised if its a deal breaker - i think the issue in the summer may have been how the case could - escalate criminal proceeding etc and how that could impact the club - but im guessing overall.

I have good pals who are big Leeds fans, real fans who live and breath Leeds, obsessed with them, - i say i watch more Championships games over pints with them, then i do non Everton PL games.

The Championship is far more entertaining than the PL.

 

[Blue Willy]

Is it balls. Most people would much rather watch City v Arsenal, or the Merseyside Derby than Leeds v Burnley or Plymouth v Porrsmouth, etc.

 

[Bedfordblue]

Sheikh Tamim bin Hamad al-Thani attends Roma-Inter

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