The Friedkin Group reaches agreement to buy Everton

[pfim]

I thought it was to do with them being weary of the 777 debt?

It was thought though never confirmed.

It's clear both parties want Acap to take a haircut, perhaps TFG would offer a better deal.

Regardless, Textor isn't getting the club without paying off TFG, and I don't think he has the coin for that plus Moshiri, plus working capital for the club.

 

[helpimonfire]

Can we still have Jay z?

 

[Blue peter]

Can we still have Jay z?

We should produce our own rapper ‘Row Z’ in tribute to our strikers

 

[BrendanGOT]

Can we still have Jay z?

He's got 99 problems and Everton ain't 1

 

[Ruairi77]

We should produce our own rapper ‘Row Z’ in tribute to our strikers

It's alex Iwobi isn't it.

 

[Vintage]

All very vague
View attachment 273433

Oh well hello Alan Myers

 

[Exeter_Gently]

Has anyone told Matty?

His poor missus is gona have to get the plastic sheet out for the bed.

 

[blulouie]

Oh well hello Alan Myers

He'll be along any minute now.

 

[The binman chronicles]

Not sure why things are any different now given it was widely reported the 777 / A-Cap court case was main stopper for them and that hasn't been resolved.

We've paid off 50 million of our debt. If they were hoping for the administrators for 777 to take a haircut then this might give a similar result.

 

[Toffeeslam]

So what happened with the 777 loan thingy that scuppered the last bid ?

 

[tellmema]

Shame the task was to join the dots.... Not just add new ones.

 

[blueblue]

I thought it was to do with them being weary of the 777 debt?

I think that was the excuse if maybe not the real reason.

I have never understood the problem with the 777 loan. As I understand it the new owners may be liable to pay back all the money 777 loaned but that would be the maximum liability due. So , the maximum it could be is known and happy days if it turns out to be less.
The money was paid over by 777 and the full repayment should be factored into the cost of the purchase.
It should be possible to put a caveat into the agreement about what happens if less money is due to be repaid.

 

[Damo_1878]

It was thought though never confirmed.

It's clear both parties want Acap to take a haircut, perhaps TFG would offer a better deal.

Regardless, Textor isn't getting the club without paying off TFG, and I don't think he has the coin for that plus Moshiri, plus working capital for the club.

 

[blue to the bone]

 

[Vintage]

Has anyone told Matty?

His poor missus is gona have to get the plastic sheet out for the bed.

His head self destructed when he saw this thread had reopened



Bless him