New Everton Owners: The Friedkin Group

What do we reckon?

  • 👍

    Votes: 961 70.0%

  • 🤷 | 🧀🥪

    Votes: 326 23.8%

  • 👎

    Votes: 85 6.2%
  • Total voters
    1,372

The binman chronicles said:
We did have it at the time. The stadium was supposed to cost 400-500m, of which we were going to get 300m back in sponsorship. And if you plan for the what ifs you end up in a stadium that isn't fit for purpose. And you go from being one of the top 5 clubs in the country to an irrelevance.

Of course we chose the exact worst time, saying that we could have held off and waited 10 years, nothing happened and then you go for it and at that point everything blows up in your face. That's life.

United are going to have to come up with over 2 billion, Newcastle, Villa, Birmingham and anyone else who fancies a shot at the top will have to spend over a billion now. It was dicey for sure but we took the chance and come out okay. Not sure why you would spend time lamenting on it.
Click to expand...
What are we now? What would we have been if relegated?

The fact of the matter is that he didn't get the stadium financed and it completely gutted the squad to the point of oblivion for the club.

Even putting that aside, the club was horribly mismanaged and that begins and ends with him. Multiple DoFs not allowed to do their job, revolving door of managers, and a constant wave of mediocre, overpriced talent.

Fair play to him for squandering his fortune on, well, I'm not sure. His legacy is profligacy and incompetence.

Lamenting it? We're living it.
 
pfim said:
What are we now? What would we have been if relegated?

The fact of the matter is that he didn't get the stadium financed and it completely gutted the squad to the point of oblivion for the club.
Click to expand...

It wouldn't have mattered - well of course it would have to us - but if you have an overarching plan, and it's a good one, you see it through despite the hiccups. Do you think Villa fans are crying into their bovril whilst watching Champions League football thinking how they got relegated a few years back?

If there wasn't BMD, okay we would have had more cash and less debt, we'd still have lost the Usmanov money and we still would have been right up against PSR. Eventually we would have ended up relegated when matchday income is among the lowest 3 in the league. We've already lost 90% sheen of big club Everton that we have been trading on and eventually we would go down anyhow.

In your world without the stadium we are just meandering to a longer term spiral of death. You can say why didn't he fix the loan at 5% but at that time it was shockingly high. Spurs had short term loans to build their stadium and then fixed it for 2 point something just before the pandemic. They'd have faced the exact same situation as us if the timing had been different. Then consider how many would have been on his back had we fixed it and been spending millions more pa on interest that we didn't need to if the last four years had been the same as the four leading up to it. Everything is easy in hindsight.

pfim said:
Fair play to him for squandering his fortune on, well, I'm not sure. His legacy is profligacy and incompetence.
Click to expand...

How you feel about him is up to you. Most level headed people will see the great big shiny thing on the docks as his legacy.
 
dockroad said:
Colin Chong wrote to us shareholders about 10 days ago to say we would receive a letter asking us to vote. As you say it's a formality. The letter hasn't landed yet though ,at least not in my case.
Click to expand...
Same with me. No letter as yet. I read it needs 95% vote for it to go through and Moshiri only has 94.1% so if the Kenwright estate isn’t on board with their 2% or so then they’d need some minor shareholders to agree. The fact that the letters haven’t come to me suggests that the Kenwright estate is now on board?
 
Harry Catterick said:
Same with me. No letter as yet. I read it needs 95% vote for it to go through and Moshiri only has 94.1% so if the Kenwright estate isn’t on board with their 2% or so then they’d need some minor shareholders to agree. The fact that the letters haven’t come to me suggests that the Kenwright estate is now on board?
Click to expand...

From this I understand if I am reading it correctly that the minority shareholders (4.6%) would offer to sell their shares to make up the 0.9% that would get to the threshold of 95% if the Kenwright estate wouldn't be willing to sell their shares
 

Drico said:
Well, if he comes here, he'll certainly be going the Benitez path.
Click to expand...
Not at the moment, but:

Everton for me is a top 8 club in England financially, and historically one of the biggest in England. Like Aston Villa.

Also, a club that has huge potential with new owners, a new stadium, a lot of room to create a team for any manager.

Deterrence for some managers, and a huge chance for others.

Emery trained PSG, Arsenal that are financially bigger clubs than Villa. villarreal is a top 6 club based on the last 10y, and the level of both leagues is not too far away, but he left them for a team that played the majority of the last 10y in the 2nd league or when PL bottom half.

Why shouldn‘t Everton be able to make this appointment with appointment.
 

OnlyTheBestIsGoodEnough said:
From this I understand if I am reading it correctly that the minority shareholders (4.6%) would offer to sell their shares to make up the 0.9% that would get to the threshold of 95% if the Kenwright estate wouldn't be willing to sell their shares
Click to expand...
Don’t need to sell them to vote in the majority sale just a 95% vote to approve it.
Can be forced to sell though I think, if TFG want the outstanding shares, but there’s no major benefit in the day to day running of the club to make them want to pursue that considering the grief / bad PR it would likely create.
If they ultimately want to list the club on a stock exchange they may want to hoover up the remaining shares though.
 
Bedfordblue said:
Don’t need to sell them to vote in the majority sale just a 95% vote to approve it.
Can be forced to sell though I think, if TFG want the outstanding shares, but there’s no major benefit in the day to day running of the club to make them want to pursue that considering the grief / bad PR it would likely create.
If they ultimately want to list the club on a stock exchange they may want to hoover up the remaining shares though.
Click to expand...

Thanks for making me understand it a lot better, now I understand it's just a vote, hopefully it doesn't cause too much delay
 
Delargeinho said:
Not at the moment, but:

Everton for me is a top 8 club in England financially, and historically one of the biggest in England. Like Aston Villa.

Also, a club that has huge potential with new owners, a new stadium, a lot of room to create a team for any manager.

Deterrence for some managers, and a huge chance for others.

Emery trained PSG, Arsenal that are financially bigger clubs than Villa. villarreal is a top 6 club based on the last 10y, and the level of both leagues is not too far away, but he left them for a team that played the majority of the last 10y in the 2nd league or when PL bottom half.

Why shouldn‘t Everton be able to make this appointment with appointment.
Click to expand...
I see no reason why Everton couldn't get a Mourinho. We are one of the greatest clubs in England. If we are run properly, that statement will likely be proven. If we are run by the corner shop owner - like we were under Kenwright - then we will be shopping small.

If the Friedkins are any good, we should be able to appoint a high-profile manager. Get that right - and the recruitment - and we can challenge for European football in 12 months.
 
Hopefully they assess things themselves and certainly don’t listen to some of these ex players who have been part of a network of people within, watching the club regress and nearly relegated twice.
 

Welcome

Join Grand Old Team to get involved in the Everton discussion. Signing up is quick, easy, and completely free.

Register

Shop

Back
Top