Friedkin Group essentially could stop any sale of the club under the terms of the loan agreement
Moshiri hasn't "chosen" anything.
He's capitulated.
Friedkin Group essentially could stop any sale of the club under the terms of the loan agreement
Moshiri hasn't "chosen" anything.
He's capitulated.
Friedkin Group positioned themselves perfectly and just waited it out
I don't know Stubbs but I know a person who works at Man U who told me that Stubbs was often drinking there and shooting his mouth off about anything that was going on at Everton.
If you consider the name of the team then at least double is reasonable.
but didn’t the 200 mill that they lent
meant that who ever bought us would of had to pay them the money back
so TFG have now cleared any money we owe to anyone?
I believe the talk is @matty1878 at the moment:
1. Their loan will be converted to equity.
2. They will repay the R&MF loan immediately.
3. The 777/ACap loan has an agreement in place for repayment that will be put before the US court over the Leadenhall Case in Q4 2024 (@Neiler suggested December)
So it seems that we are paying down a lot of the current loans and that loan to equity injections are going to be made by Friedkin Group (incl. "stadium financing" related - which I believe is £60 million still outstanding to finish financing the stadium completion).
Point is that Moshiri is getting little. Ran out of time. Friedkin Group waited him out, and got agreement with ACAP. Moshiri, wanted to be free of these debts due over the next year. Seemingly does not have the capital to afford Everton any longer to the necessary scale.
Hence = "distressed seller"
Seemingly there was no "plan" as people at the club have claimed
How much was that again?
pfim
Player Valuation: £40m
Just need to hope Japan doesn't invade anyone.
Thought you’d turned into Yoda there for a minute
so basically all this is good? and we can spend in jan?
Moshira has caused the downfall, but his legacy will be a superb stadium. When the naming rights happen, we should name the gents bogs the Mosh Pits in his honour...
rochdaleblue
Player Valuation: £50m
I agree. But the loans are going to need to be repaid and also they know that the fans are desperate to get their seats in the new stadium. There is a waiting list for season tickets. They could easily charge on average £50 a seat which equates to around £900 per season ticket. . I’m guessing the south stand will probably average lower and the west and east stands slightly more.
Lloydaldo11
Player Valuation: £1.5m
The biggest thing for me is getting rid of that legacy of kenwright, R&M…
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toffeeblue9
Player Valuation: £35m
Have read some conflicting stuff on the R&MF one. Some say that's being paid off immediately, but some say it's only partially being paid off initially.
It's late, so I'm probably forgetting something important, but something at the back of my mind says that it was R&MF who were the first ones to torpedo a takeover deal for us as their terms must give them a veto of some sort on change of ownership? Would be surprised if they were happy to be repaid completely up front as they're losing millions in interest, but no idea if they have a say in that.
toffeeblue9
Player Valuation: £35m
Hope they never darken our door ever again mate.
Basically your footballing finance version of Wonga.
Kenwright brought the wolf to the door and we've struggled to ever get rid of them since.