The Friedkin Group reaches agreement to buy Everton

[Moderatelywarmwater]

Textor’s Eagle group’s account show them to be in real trouble. The Esk was right on that one, bullett dodged

 

[matty1878]

Textor’s Eagle group’s account show them to be in real trouble. The Esk was right on that one, bullett dodged

oh so he is about something ?!

 

[Clarky cat]

I have always wanted to ask this what's it like being a Monk.

It’s good if you like lies and beer I’d imagine

Come on Dan, get in the door quick sharp please

 

[pfim]

Textor’s Eagle group’s account show them to be in real trouble. The Esk was right on that one, bullett dodged

I just looked briefly, the operating results look better. But they desperately need cash to pay of Ares loan. They need to sell CP and have a good IPO or they'll need to find other debt financing (which by reports they are already looking for).

 

[AndyRJ]

I'm not sure that's really a concern for the league, at least not specific to TFG.

If the funds were obtained fraudulantly, I would think that the club itself and the people who signed for the funds could face liability. The club and those individuals face the liability regardless of who owns the club.

The league may want TFG to inject more cash into the club to cover any difference due to leverage rules, but to me if the debt isn't resolved, that's a club issue not an owner issue (not sure if that all makes sense).

Yeah, i get where you're coming from. I don't think it will specifically be an issue, but i'm certain the Premier League will be interested in that loan in some way shape or form. How far that interest will extend beyond a simple equity/ leverage issue I don't know

 

[brieverton]

There won't be any PL difficulty with the 777 loan. Even if TFG will be repaying that on the drip, they have the resources to repay it in full. TFG are removing a problem here, not creating one.

 

[Neiler]

There won't be any PL difficulty with the 777 loan. Even if TFG will be repaying that on the drip, they have the resources to repay it in full. TFG are removing a problem here, not creating one.

When you look at the conidiations they imposed on 777 TFG have met all, fund the new stadium, settle the MSP loan, show evidence of working capital.

 

[bluestevon]

Hopefully gets over the line sooner rather than later, already taking longer than the post COVID ratifications did

 

[blulouie]

Hopefully gets over the line sooner rather than later, already taking longer than the post COVID ratifications did

Of course the Prem ratification ( 7 weeks now ) is the main one and takes a while , but I thought we may have heard of the other 2 The FCA & FA being passed by now.
Hopefully they are done pretty soon.

 

[Blue Willy]

They are just waiting to see if we are in the bottom 3 at Xmas, before they sign on the dotted line

 

[Eggs]

 

[BenToffee79]

oh so he is about something ?!

Also 777, pretty much most things , the guy wants the best for efc and these fell way short of that ,yet he comes in for unmitigated stick

 

[dannyboy]

If/when they get this over the line, it's going to be one of hell of a job. The entire culture within the club needs an overhaul. They'll be battling against 30+ years of chronic mismanagement. Everything needs to be changed.

The club as we know it won't survive another 10 years like the past decade. Yes the stadium is potentially a big boost, but not if we can carry on the way we have done since the formation of the Premier League. If after 5 years we are still languishing in the same position or worse, the ground will be filled with empty seats. You can't be as bad as we have been for so long and expect to retain your fanbase.

 

[Eggs]

If/when they get this over the line, it's going to be one of hell of a job. The entire culture within the club needs an overhaul. They'll be battling against 30+ years of chronic mismanagement. Everything needs to be changed.

The club as we know it won't survive another 10 years like the past decade. Yes the stadium is potentially a big boost, but not if we can carry on the way we have done since the formation of the Premier League. If after 5 years we are still languishing in the same position or worse, the ground will be filled with empty seats. You can't be as bad as we have been for so long and expect to retain your fanbase.

….its a great opportunity for a total change but the difficulty they have is the precarious league position and quality of footballers we have.

We’ll need a new manager/DoF combination with a record of building an entirely new squad whilst still maintaining our top flight status. Those two appointments are so difficult to get right. A massive challenge, the work only starts when the takeover is complete.

 

[dannyboy]

….its a great opportunity for a total change but the difficulty they have is the precarious league position and quality of footballers we have.

We’ll need a new manager/DoF combination with a record of building an entirely new squad whilst still maintaining our top flight status. Those two appointments are so difficult to get right.

It's so difficult because there's so much to change. Those two positions and an excellent couple of transfer windows are needed. That'd give us something to build on.

I really hope they've already got plans to replace Dyche in the summer. Week in, week out he shows his ceiling is scraping to lower midtable with no idea how to push on any further.