The Friedkin Group reaches agreement to buy Everton

[Osamabindiesel]

Wow. I am stunned. But I also think TFG were desperate to protect their asset, so maybe they felt pressured to do so immediately.

 

[Damo_1878]

Congratulations to @Damo_1878, he rolled the dice and couple of months ago and his guess is correct

He’ll dine on this like Business guru ITK he strives to be

"rolled the dice" you say. Keep raging.

Keep raging

Post in thread 'John Textor'

September 16, 2024

God I really hope he buys us to see the head loss from Damo in here.

The Friedkin Group are not entirely out of things btw.

• Damo_1878

 

[TrailerTrash]

My optimism has been destroyed by being an Everton fan.

Shall not get the bunting out until confirmed

 

[nsno-chris]

"rolled the dice" you say. Keep raging.

Well done, mate that’s a good guess

 

[Exeter_Gently]

Yeah, it's not so much the amount (The Athletic reported recently we have managed to get it down a bit) it's the terms and conditions of it, they have a vice like grip over the clubs accounts.

Strangled the life out of us.

 

[Damo_1878]

Well done, mate that’s a good guess

It was 30 minutes before Bloomberg posted

 

[jazzy]

A great read, balanced with a high level overview of the proposals, when more comes out, with finer detail I believe could be a very exciting time.

It is a very good read. Some encouraging stuff in that

 

[Exeter_Gently]

My optimism has been destroyed by being an Everton fan.

Shall not get the bunting out until confirmed

 

[COYBL25]

Now it's official.


First of all a warm welcome on board. You've always been the right side of Liverpool.


What you can expect:


- financial stability. No doubt. TFG has reached the 13,3 billion revenues mark in 2023 - https://www.houstonchronicle.com/bu...op-100-houston-private-companies-19565974.php. They put 1 billion for Roma stability. I read on here we're making profits now. False. But they've succeded in curbing annual losses year by year. When they came in we were losing 140 million euros a year, in 2024 our loss should be 50 million euros or even less. With UCL money, if we finally get it, we should be almost ok.


- Few words. They simply don't speak, don't get interviewed, don't talk to anybody. I read the official statement about the Everton purchase and it's almost the same statement they made for Roma. These will be the last words you'll hear directly from them.


- Out of nowhere decisions. Since they don't speak, journalists are clueless about their moves. Everytime it's a big surprise. For example, nobody had linked Roma with Mourinho until the official statement was published on asroma.com.


- lack of personal understanding of the game. Even though 4 years at Roma must have somehow taught them a lesson or two, they're not football experts. They appoint a CEO, a sporting director and let them work. The problem is:


1) sometimes they feel the urge to bring in some big names, even though such names don't fit the project. They are cinema/showbiz people, watch Dybala's presentation to get an idea of the kind of shows they like to put on.


2) They choose their top managers through headhunting agencies. This has led to some strange decisions. But: you have to always remember that Italian football is unique. Common sense would dictate to bring in experienced Italian managers as DoF, General Director and so on. Personally, I think this would be the best way to do things. They don't. They usually bring in young directors who come from abroad (Thiago Pinto, Lina Souloukou). Imho this is backfiring because these people, though talented, lack any form of connection with the country they're working in. I'm 100% sure this will be less of an issue in the UK.


- When they think something should be done, they do it. They have sacked Mourinho and De Rossi without pleasantries. They seem to have no mercy and move on to the next manager or director whenever they see fit.

This has led to a certain lack of stability in the sporting and marketing area of the club. Currently we're in need of someone who knows how to run a football club in Italy at the helm.


All the banners you posted are 100% real, but they've been made by the ultras. De Rossi's sacking has been a shock for almost anybody and we all think the situation should have been handled better. De Rossi deserved it for everything he has done for the club. Yet those over the top reactions are 100% ultras only. Souloukou was threatened and she had to resign fearing for her own and her children'safety. Unfortunately Italy is what the UK would have been if hooligans hadn't been marginalised. A certain feeling of uncertainty is anyway widespread in Rome at the moment.

I’m sure our resident expert on absolutely everything, will want to discuss the finer details of your post mate.

@davek the floor is all yours sir.

 

[hoppy]

TFG have come to an agreement with long-standing lenders RMF Funding to pay back their £225m loan, which costs the club an eye-watering £30m in interest a year. [
@MsiDouglas
]

 

[tellmema]

Don't wanna say I told y'all so but...

• June 14, 2024

• 
  
• Add bookmark
• #3,678

Lump your bets onto Friedkin of Roma

Always easier to bet when you pay for a PI....

 

[Ferguson1878]

Keep raging

Post in thread 'John Textor'

September 16, 2024

God I really hope he buys us to see the head loss from Damo in here.

The Friedkin Group are not entirely out of things btw.

• Damo_1878

Show them mercy Damo

 

[Damo_1878]

TFG have come to an agreement with long-standing lenders RMF Funding to pay back their £225m loan, which costs the club an eye-watering £30m in interest a year. [@MsiDouglas]

Thank the lord.

 

[nsno-chris]

It was 30 minutes before Bloomberg posted

Like I said mate, cracking guess

Up the Friedkin Toffees

 

[mmmmsnouts]

TFG have come to an agreement with long-standing lenders RMF Funding to pay back their £225m loan, which costs the club an eye-watering £30m in interest a year. [
@MsiDouglas
]

They had a loan on the books at 13.3% interest? Jesus, I have credit cards with lower rates than that.