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The Friedkin Group reaches agreement to buy Everton

What do we reckon?

  • 👍

    Votes: 775 71.9%

  • 🤷 | 🧀🥪

    Votes: 264 24.5%

  • 👎

    Votes: 39 3.6%
  • Total voters
    1,078
davek said:
The point made is a simple one: the biggest issue for them will be debt and they won't be coming in here to wipe it out for us without taking ownership of that stadium. How is that the stadium staying in our hands?...unless you're conflating TGF with EFC?

Every statement I've read from commentators looking on is that the stadium is the attraction for TFG. I have no reason to doubt that.
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Why wouldn’t the stadium be the attraction
Something would be wrong if it wasn’t
Anyone buying us would and should be looking at it !!!
it’s location it’s ready to go it’s a headache a new owner doesn’t have to deal with 90% of teams in world football would love to be able to do what we have done but can’t do it !!
it’s the catalyst to kickstart any new owners project stewardship or love affair with us
 
Neiler said:
Agree mate of course the stadium is a drives, if they tale out say an addition £600 mill of EXTRA debt on the stadium id agree with you - but all they have done so far is pay it off and take the risk of it repossessed away from the club away. I dont understand the point you are making on leveraging the stadium, the stadium is already leveraged and they just deleveraged part of it, what you are saying just isn't true, infact the opposite is at the moment. Huge commercial, entertainment, infrastructure fundraising opportunities at the ground - but none of them work if the profile of the club is in the toilet - the club is the driver. One is dependent on the other. You are right about the stadium value and opportunities, were you are wrong, is in the assuming the best strategy is to separate the club and stadium - loosening one devalues the other in fact both, its that simple really - its why no one has or does do it. If you are selling a car you wont get as much - selling the car with out an engine and the engine - separately - its why no one does it.
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Of course the stadium cant be de-coupled from the club.

I cant see what the issue is here with my viewpoint. It's one that you've no doubt read elsewhere that our expensive short term debt will be replaced by long term debt set against the stadium. TFG's eyes are wide like saucer's over that stadium. The stadium does the heavy lifting on this Friedkin deal.

Its a free hit for TFG: if we can get our act together they'll coin it in via tv and stadium revenue; if it doesn't work out so well they're not on the hook for any failure of investment in the club and they can take the chance that another owner will take up the option to try and make a go of it.

I mean these people didn't get mega-rich by being being benefactors did they?
 
vintage-toffees said:
Why wouldn’t the stadium be the attraction
Something would be wrong if it wasn’t
Anyone buying us would and should be looking at it !!!
it’s location it’s ready to go it’s a headache a new owner doesn’t have to deal with 90% of teams in world football would love to be able to do what we have done but can’t do it !!
it’s the catalyst to kickstart any new owners project stewardship or love affair with us
Click to expand...
Of course. But if you're a prospective owner that wants to maximise its potential and minimise risk to your company, you make that facility do the work for you.
 

davek said:
Of course the stadium cant be de-coupled from the club.

I cant see what the issue is here with my viewpoint. It's one that you've no doubt read elsewhere that our expensive short term debt will be replaced by long term debt set against the stadium. TFG's eyes are wide like saucer's over that stadium. The stadium does the heavy lifting on this Friedkin deal.

Its a free hit for TFG: if we can get our act together they'll coin it in via tv and stadium revenue; if it doesn't work out so well they're not on the hook for any failure of investment in the club and they can take the chance that another owner will take up the option to try and make a go of it.

I mean these people didn't get mega-rich by being being benefactors did they?
Click to expand...

So the point you are making is these lads will come in, keep the stadium with the club, provide equity, increase commercial revenue, reduce debt, maximise the stadium revenue, replace high interest unmanageable existing debt secured against the stadium, with repayment of part of that existing debt and replacing the remaining high interest debt with affordable, repayable long term debt, secured against the stadium, - putting equity and cash money back into the club.

Good.

I don't know, what your smoking gun is here mate - in all honesty.

If their investment increases on the back of that - id be delighted and you'd have to say fair f's.

Ridiculous that the share equity in the club is changing hands for a nominal 50 mill - but thats the value of the club, right now (if even).

Big job of work to get there, the whole club needs recovering.
 
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davek said:
Of course. But if you're a prospective owner that wants to maximise its potential and minimise risk to your company, you make that facility do the work for you.
Click to expand...

Absolutely Dave totally agree on that it should be and must be marketed and used as often as it can be and seen as often as it can be, be that for advertising needs given it’s location and visibility it’s screams stick Toyota or whomever on the roof and Pepsi or something on the riverside and make as much from it as we can

Spurs can’t do that as no matter how fantastic a ground they have its location is atrocious and is a bit pointless covering it in marketing as it is arguably only seen on match days odd event days and by locals every day

Bramley is going to be seen forever on arguably one of the best river fronts in the world for the next century any time the city is shown Bramley will feature for sponsors it’s a golden opportunity
 
Neiler said:
Don't know how true that is, but i believe there are some issues to be worked through in due diligence and some concerns on the TFG side - mugginess involving Moshiri and some of the deals with creator's - 777. This isn't done until its done.
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You have to wonder about people's expectations and lived experience sometimes - like trying to move house in a chain for example - it doesn't happen overnight and there are always complications - doesn't mean it won't happen.

3 major creditors (many more smaller no doubt) and a dodgy russia-linked owner - it's not like uying something off Amazon Prime.
 
CielosGrises said:
You have to wonder about people's expectations and lived experience sometimes - like trying to move house in a chain for example - it doesn't happen overnight and there are always complications - doesn't mean it won't happen.

3 major creditors (many more smaller no doubt) and a dodgy russia-linked owner - it's not like uying something off Amazon Prime.
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Yep, exactly all that mate, i think there is some murkiness on Moshiri's end and with 777, it doesn't mean it wont be done but there are some concerns that are being worked on.
 
Neiler said:
Yep, exactly all that mate, i think there is some murkiness on Moshiri's end and with 777, it doesn't mean it wont be done but there are some concerns that are being worked on.
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As I stated this guy will have to pay the debts off becoming the new owner we now have will have paid just under a £ billion to own us .... paying Mosihiri off & all the club's debts - loans etc ..... & fans some are moaning because he owns another club ? ,,,, Beggars can't be choosers ....
 

You'd be hiding behind the sofa at the idea of due diligence being done on Moshiris dealings. But I imagine a lot of work has been done to get to this point already and Friedkin would hardly have gone into this process naive as to the realities, without knowing things with certainty. They have already committed £200m. I'm sure they have very competent people that can find solutions to issues.
 
davek said:
I have no idea where you're getting the details of what they'll do mate. I mean, tbf, the only people privy to this are those in negotiations. The experts on the outside are taking educated guesses at what the likely outcome will be.

The stadium is the key here. No one would be looking at Everton without that stadium. Even Everton's PL status and the ability to keep the PL tv cash rolling in wouldn't be enough to attract the billionaires we've seen. Not now. We couldn't get another Moshiri in by staying at Goodison. The stadium is seen as a driver by prospective owners for generating revenue, but that won't be just it. It'll also be used to wrap the debt around. Call it what you like, but they'll be leveraging on that stadium to get involved in EFC. TFG know the dual value/purpose of a new stadium and the obstacles they face at at Roma in that respect will be the very reason they want Everton. This is all about the stadium.
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Or uneducated guesses
 
brieverton said:
You'd be hiding behind the sofa at the idea of due diligence being done on Moshiris dealings. But I imagine a lot of work has been done to get to this point already and Friedkin would hardly have gone into this process naive as to the realities, without knowing things with certainty. They have already committed £200m. I'm sure they have very competent people that can find solutions to issues.
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Where is this news on them committing the £200m ? I must have missed it. Is that the MSP loan ?
 

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