The Friedkin Group reaches agreement to buy Everton

[Victus]

Damo stop dutch ovening yourself la

 

[tellmema]

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.

Good to hear. Thanks for sharing.
With Everton glasses on. I'm happy to hear this.

They have gathered experience somewhere else. We aren't the first guinea pig.
Hopefully, they've taken note and we'll benefit from their learning / experiences.

 

[blulouie]

Interesting read

What Friedkin's Everton takeover means for the new stadium, Dyche and transfers

American billionaire's agreement to acquire a majority stake in the club marks the beginning of a new chapter after a desperate few years

inews.co.uk

Good read that ...Early November sounds very promising.

 

[Bristol Blue]

Latest from Al

 

[mccole]

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.

A few issues out fanbase will have is communicating with fans.

Is the Director of Football used in-between as a voice to the fans and visa versa from the board?

Also was there a jump in prices on tickets with their takeover. I see you have a big leap in attendance which isn't a problem for our fans but pricing out might be.

 

[Dublin blue 75]

Bill Kenwright started using R&MF for loans 6 months prior to Moshiri's arrival at Everton in 2016

Allegedly, Bill Kenwright had lawyers monitoring social media for posts related to him and them during the past 2 years. For those criticising the use of those loan facilities

What you say there above is absolutely SPOT ON

The whole club needs them gone. They've hugely damaged the club due to the costs of the interest

If - unlikely - in due course the details of BK’s estate is published, would be curious to see if his estate has any beneficial interest in private lending businesses. No specific names mentioned for legal reasons you reference.

A skid mark on the history of Everton.

 

[Toffeeslam]

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

The Bill Kenwright legacy

 

[mccole]

Wonder how long that loans been going for

From the day Bill became Chairman.

 

[Victus]

Would be nice to not have to read about the clubs finances every week.

 

[Julius Geezer]

Really nice words…

 

[AS Roma_fan]

Exactly while I was writin they don't speak, they released their first official statement since 2020:

A statement from Dan and Ryan Friedkin

Football is admired around the world as the beautiful game. Each match is filled with passion, excitement and unpredictability – and that’s why we lov...

www.asroma.com

Football is admired around the world as the beautiful game. Each match is filled with passion, excitement and unpredictability – and that’s why we love it.

But beyond the results on the pitch, our responsibility as club owners is to make big decisions that we believe are in the best interest of the club, even when they are very difficult to make.

The transfer signings this summer marked the beginning of a strategic multi-year project designed to bring AS Roma back to the forefront of European football. As part of this vision, the development of a new stadium, which will honor the club’s deep history, is well underway.

Let us say this; we have the utmost respect for Daniele and believe he will have a great career as a coach. Maybe even one day back at Roma. The decision to part ways with him was incredibly difficult, but we made it with the belief that it gives us the best opportunity to compete for trophies this season.

We remain active investors in the sports industry. We love the beautiful game. The potential addition of Everton to our portfolio does not alter our focus on AS Roma. If anything, the multi-club symbiosis will only help Roma. Each club in our portfolio operates independently and AS Roma remains at the heart of our football ambitions. Rest assured, our commitment of time, resources, and energy to Roma will not be diminished. Our goal is clear - to see AS Roma consistently compete at the highest levels of European football.

To our incredible fans, we acknowledge the immense responsibility we bear in leading this historic club. Your unwavering loyalty fuels us as we continue building for the future. We value your voices and want you to know — we hear you. You are the soul of this club, and we are determined to make you proud.

Forza Roma.

Dan and Ryan Friedkin

 

[Blue83]

Don't forget they still have to pass the fit & proper test by the PL, hopefully it won't be drawn out

 

[Exeter_Gently]

Really nice words…

Always gives us boss a shout...proper football man him,he's a good skin.

 

[Bristol Blue]

Would be nice to not have to read about the clubs finances every week.

Hopefully with sensible people running the club, us fans can just get back to concentrating on what happens on the pitch.

 

[Damo_1878]

If - unlikely - in due course the details of BK’s estate is published, would be curious to see if his estate has any beneficial interest in private lending businesses. No specific names mentioned for legal reasons you reference.

A skid mark on the history of Everton.

He was once described to me as "the arch manipulator", Bill Kenwright

When you look at all the things that went on over 20 years. That is more than a true description for him

The damage that has been caused. If Friedkin are paying off these third party loans that immediately knocks about £30 MILLION A YEAR in interest costs off for Everton

That have been hugely damaging to Everton Football Club

Regardless of what people like Colin Chong or those like him claim