The Friedkin Group reaches agreement to buy Everton

[matty1878]

They thing with TFG, was they left the people in charge to do it. And they did it quite badly, but they were still quite hands off.

TFG obvs if you don’t do what is expected your sacked

hence di rossi

and hence dyche

 

[Blue peter]

One European trophy, another European final, and a few semis. They've had a tremendous return. What we would give for that, even if we finished 6th three times in a row.

If we won a European Trophy and got to another European final, I’d have a semi as well.

 

[Lobworm]

Nonetheless mate he should have had the correct people in the correct positions to make sure the money was invested wisely.
It couldn't have been frittered away any worse than it had been.
Any which way it was on him, he was and still is at this moment in time the owner and has overseen the whole debacle.

Of course Mosh takes the brunt, it's his trainset afterall. It's easy with hindsight though isn't it? We were suddenly loaded and did what loads of teams before us had done, spent money on players and then changed the management when it didn't work out. Unfortunately once Covid, Russia and FFP came a calling, the lack of any real quality or long term plan came back to bite us on the arse.

Thankfully, he delivered the stadium. Just a pity we spewed half a billion on dross.

 

[Charles Hawtrey]

Well, what we spend now is somewhat immaterial. It's what we should be generating at Bramley Moore with an increased offer that we're talking about.

This deal was reported to be one of the biggest commercial deals we've ever done. £3m per season doesn't come close to being one of the biggest deals. Spurs apparently rake in around £1m per game from food and drink revenue alone. Whilst i appreciate they have a bigger stadium and London prices, do you really think we're going to generate such a paultry amount by comparison that we're only receiving £130,000 in catering revenue from Aramark per match.

Spurs also outsource their catering? And they recieve 50M on a 10 year contract from the interestingly named Levy Company. So using the previously shown calculation then over 23 games per season with a capacity of 62,000 that comes to about 3.50 per fan/game. adn about 217,000 quid per game

Of course If they are selling 1M per game than thats a different thing (direct revenue)

 

[mahermi1]

Of course Mosh takes the brunt, it's his trainset afterall. It's easy with hindsight though isn't it? We were suddenly loaded and did what loads of teams before us had done, spent money on players and then changed the management when it didn't work out. Unfortunately once Covid, Russia and FFP came a calling, the lack of any real quality or long term plan came back to bite us on the arse.

Thankfully, he delivered the stadium. Just a pity we spewed half a billion on dross.

He delivered the stadium but even that is now tainted, we owe £600m because of it. Don't get me wrong still love the stadium but there was no clear plan to deliver it, just debt.

 

[micknick]

I note a lot of support for Thelwell to stay in place.

Well, the question we should be asking is: if the DoF job was advertised tomorrow by the Friedkins, would Kevin Thelwell be the outstanding candidate?

Just as Sean Dyche will, inevitably, leave the club at some point over the next nine months, I'd expect a similar timeline for Thelwell's continued employment.

Even if one credits Thelwell for doing a respectable job in the current circumstances, the reality is those circumstances will soon change. Just as Dyche is not being considered for a contract extension despite keeping our heads above water in extenuating circumstances, I don't see why Thelwell should be. Because they have been a team, a pair in this. And thank God they were. They deserve credit. But if we think Dyche should be replaced, I think similar must apply to Thelwell - or else a lot of this is mere PR and personal prejudice.

I hope we have a new manager and new DoF - if that is the model the Friedkins follow - by next June.

The club needs a complete reboot.

The thing is we don’t know how good Thelwell is operating at any level apart from desperation. I think he’s signed some decent players in his time and also got some good fees in but his hands have been constantly tied behind his back.

He also signed Maupay who I thought was a decent signing as an alternative to what we had but was an absolute disaster.

 

[Lobworm]

He delivered the stadium but even that is now tainted, we owe £600m because of it. Don't get me wrong still love the stadium but there was no clear plan to deliver it, just debt.

No clear plan to deliver it? Are you high? We've got a new stadium on the waterfront. Did you really think he'd pay for it out of his own pocket, for free?

"Here you go lads, just get me a pint.."

Christ.

 

[windymiller]

I see Damo has decided on his new obsession. Shame, I was hoping we might get a couple of days off.

CASTORE!!!!!! [Shakes fist at the sun]

 

[Simon Buttle]

I see Damo has decided on his new obsession. Shame, I was hoping we might get a couple of days off.

CASTORE!!!!!! [Shakes fist at the sun]

In fairness they are just a shoddy company, they do all the cricket stuff and they have had their own issues with them also.

 

[AndyRJ]

Spurs also outsource their catering? And they recieve 50M on a 10 year contract from the interestingly named Levy Company. So using the previously shown calculation then over 23 games per season with a capacity of 62,000 that comes to about 3.50 per fan/game. adn about 217,000 quid per game

Of course If they are selling 1M per game than thats a different thing (direct revenue)

I'm aware they outsource it, where is that contract value reported?

I find it astonishing that anyone would be prepared to accept a deal that gives them such a small fraction of the overall revenue stream. Whilst I accept that is revenue and not profit for the supplier, the mark-up on food and drink is (more often than not) astronomical. They must be making an enormous profit if those figures are correct.

It also begs the question as to why the club are reporting the Aramark contract as one of the biggest commercial deals they have ever done if it's a paltry £3m a season!?

 

[Curtis]

Their product is absolute junk and you only need to see Aston Villa and Newcastle to realise they will be JETISONED by The Friedkin Group at the earliest opportunity

It's damaging the brand and the club's revenue frankly.

Isn't there a castore thread that would be more germane place to go on tirades, regarding their shoddy products?

 

[pfim]

No clear plan to deliver it? Are you high? We've got a new stadium on the waterfront. Did you really think he'd pay for it out of his own pocket, for free?

"Here you go lads, just get me a pint.."

Christ.

I don't think engaging a ponzi scheme was really part of the stadium finance package originally contemplated.

 

[pfim]

I'm aware they outsource it, where is that contract value reported?

I find it astonishing that anyone would be prepared to accept a deal that gives them such a small fraction of the overall revenue stream. Whilst I accept that is revenue and not profit for the supplier, the mark-up on food and drink is (more often than not) astronomical. They must be making an enormous profit if those figures are correct.

It also begs the question as to why the club are reporting the Aramark contract as one of the biggest commercial deals they have ever done if it's a paltry £3m a season!?

I don't have the slightest clue about how profitable in-stadium concessions are, I just find the Aramark contract risk-free rent income for Everton. I'd imagine that in-stadium concessions are, in the end, not much more profitable than running a restaurant. Aramark probably uses their size to create economies of scale that a football club couldn't.

 

[Goat]

I don't have the slightest clue about how profitable in-stadium concessions are, I just find the Aramark contract risk-free rent income for Everton. I'd imagine that in-stadium concessions are, in the end, not much more profitable than running a restaurant. Aramark probably uses their size to create economies of scale that a football club couldn't.

A restaurant that's only open once every 2 weeks or so.

 

[pfim]

A restaurant that's only open once every 2 weeks or so.

Well, not many restaurants service 50,000 customers every two weeks...I don't have any clue about any of this, just trying to look past the initial figure and find context.