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The Friedkin Group reaches agreement to buy Everton

What do we reckon?

  • 👍

    Votes: 790 72.1%

  • 🤷 | 🧀🥪

    Votes: 265 24.2%

  • 👎

    Votes: 40 3.7%
  • Total voters
    1,095
Neiler said:
I think Moshiri is a Pox.

But the 777 deal is stunning, TFG were negoating from an initial subordinated position in Moshiri's deal with 777 in terms of the deal he struck in my opinion, which was a strong contribution to the leverage for the significant hair cut that TFG got - or hoping to get.

You'd have to be a total headbanger to build the stadium and not know how to fund it but he pulled it off, i think he also paid 100 -150 mill himslef for the initial ground works.

TFG may turn the MSP/TFG loan to equity.

Which leaves R&M.

Which isn't the worst outcome at all for the club when you look at the stadium we gained and revenue it could create. A lot of ifs and buts in that granted and im not even sure if weve seen the final bill for the ground.

Im on record as saying hes the worst thing to have happened to this club - but hes definitely had a big impact on getting the stadium done - genuinely dont think anyone else would have taken it on, was crazy, but here we are, not without adversity and jeopardy.
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Moshiri was selling us to 777, what is stunning about that? If Richard Masters had said yes, they’d have been our owners in December and Moshiri would’ve washed his hands of us, and we’d be in a world of trouble now.

Why the hell are people trying to paint this as if Moshiri was playing 4D chess and stringing them along the entire time. He did everything in his power to sell us to them until the legal proceedings started and he had no choice but to pull it. He was about to bury this football club.
 
Be very interesting to see a breakdown of the final stadium cost, who contributed what, and what we are left with in terms of debt financing.

When you factor in Moshiri's contribution, TFG equity, and A-Cap haircut, a figure well north of 50% of the total cost could be reached.

That's without the naming rights.

There is a book to be written about how BMD got built and financed and Moshiri's daredevil antics.

I don't appreciate the risks Moshiri took though, not at all. Leaving us in a desperate position and being funded by shysters.

Does the end justify the means? For the risks that were taken, no I don't think so.
 
No doubt Moshri was happy to sell us down the river - that nothing to do with the fact he negotiated a favourable deal on the debt arrangement with 777 - 777 were very hubris in getting that deal over the line and left themselves exposed in a subordinated position - that's given TFG a platform to negotiate with ACAP - there are other factors at play there to id accept. It also explains why he strung it out for so long until in May as not to want to break the loan agreement.

Both good and bad can exisit at the same time. As i said in another thread, when you are the main shareholder whats good for Everton is good for you, so he could have done this with self interest in mind but he took a strong position in negotiations and negotiated what was an influential outcome that gave a platform for TFG to negotiate a hair cut.

I think he's run the club into ground and one of the worst things to happen to the football club, but you you have to be objective and he has influenced the outcome of the stadium. As i say i think he also funded part of the initial ground works himself for 100+ mill.

Cant stand Peter Johnson - but he influenced the outcome of the Park End.
 
Never believed 777 would takeover, and I don't believe Moshiri ever felt it either.

It was kicking the can, IMO. Buying time.

As for the £200m becoming £66m stuff - there's every chance that money found it's way to 777's other interests by other means.

Remember, USM Arena was about to pump £200m into the club. That £200m just come into the club by another means.
 

GrandOldTeam said:
Never believed 777 would takeover, and I don't believe Moshiri ever felt it either.

It was kicking the can, IMO. Buying time.

As for the £200m becoming £66m stuff - there's every chance that money found it's way to 777's other interests by other means.

Remember, USM Arena was about to pump £200m into the club. That £200m just come into the club by another means.
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“The more time that I have spent with the 777 team, the more my confidence increases that we have found the right people to take the club forward in the modern era," Moshiri is quoted as saying.

"They are highly professional and deliver exactly when they say they will, and I look forward to them achieving all their regulatory approvals and proceeding to completion on the timetable we set."
 
MikeH72 said:
“The more time that I have spent with the 777 team, the more my confidence increases that we have found the right people to take the club forward in the modern era," Moshiri is quoted as saying.

"They are highly professional and deliver exactly when they say they will, and I look forward to them achieving all their regulatory approvals and proceeding to completion on the timetable we set."
Click to expand...

James McCarthy is family.
 
777, also by name, just seems a firm that gambled.

They agreed to potentially unfavourable deals, if the deal didn't come off then it didn't matter as it wasn't their money.

They reached too far, A-Cap got wise and turned off the tap so it's all come crumbling down.
 
GrandOldTeam said:
Never believed 777 would takeover, and I don't believe Moshiri ever felt it either.

It was kicking the can, IMO. Buying time.

As for the £200m becoming £66m stuff - there's every chance that money found it's way to 777's other interests by other means.

Remember, USM Arena was about to pump £200m into the club. That £200m just come into the club by another means.
Click to expand...

You said it all along mate! ;)
 

evertondotcom said:
It’s strange people still don’t understand why the Esk says what he says/said.

Motive. He has motive.
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Pretty sure he stated he had preference some time back cant remember group, but not Freidken. Anyway, pretty safe bet to assume their is some bias with most things in life with everyone. Always, take what he says about financials of Everton as his professional understanding of economic reality. Entirely possible to have bias and be correct. And if that bias has somehow benefited Everton FC, hook or crook, it not a bad thing. Also possible to have professional view and personal view at odds with each other too.
 

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