New Everton Owners: The Friedkin Group

[davek]

You need to look at the enterprise value of the change ownership mate its just shy of 1 billion, when you factor in, cost, equity to shares, investment, the restructuring of debt and finishing BMD and injections of working capital. Some of that had to happen as a result of regulatory problems with the PL and third party loans - if you remember. So they didn't at all get it for a song - the share holding was low because it was worthless - just a collection of £100 mill bills - that they took on..

As for the nature of the owner ship its simple, we've come out of a period of having a sugar daddy type owner in Moshiri and Usminov - it didnt work. You see organically how much money the club lost, we nearly went to the wall and got worse on the pitch - what you are proposing is to get a better sugar daddy nest time - but its not a healthy model - why - well we just lived through 7 years of it through Moshiri.

The model TFG are following is a self sustainable one were regardless who the owners are - the club can wash its own face, function on what it makes and be competent to compete - like say an Arsenal and Spurs in a facility led approach to self sustainability.

We've had this debate for over a decade now - you know im a big advocate of the club washing its own face, being self sustainable and not being drip fed by an owner. Tis is what TFG are trying to do - its what Norway have done across the park also.

With SCR its also the only game in town.

We cant break through on the basis of what you've sketched out. We stand about as much chance of doing that as Chelsea did before Abramovic and City before Mansour.

What we'll get at best is a period of financial stability based on fan exploitation and then the club will face the equivalent again of a last minute free kick into the mixer to see if we can come up with better ownership prospects when TFG decide to sell on.

By the way: 'enterprise value of 1 billion'. Do me a favour.

 

[pfim]

They could afford to do that and take any pain in that respect because they know they got a club on the cheap whose shares they paid about £25M to Moshiri for.

In any case: they structured the debt, they're not paying it own: Everton fans are paying off the interest on it....not just through tickets but the whole commercial kit and caboodle of stuff that fans are the ultimate generators of.

There's no sugar daddy or even straight shooter owner turned up here. We have American owners who will seek to turn everything onto the fans to pay for and leave with an almighty profit.

Man, the nonsense is really flowing today.

 

[davek]

Man, the nonsense is really flowing today.

Actually, the figures are £25M up front and £45M in future payments.

In other words - still peanuts.

 

[pfim]

Actually, the figures are £25M up front and £45M in future payments.

In other words - still peanuts.

That is what Moshiri stands to gain, not what they paid.

 

[Joey66]

Actually, the figures are £25M up front and £45M in future payments.

In other words - still peanuts.

Ticket rises or not - without the new owners hardly a cue bashing the doors down to purchase the club who were viable - thank Mosh & BK for that scenario.....

 

[davek]

Ticket rises or not - without the new owners hardly a cue bashing the doors down to purchase the club who were viable - thank Mosh & BK for that scenario.....

If TFG hadn't been the new owners another bidder would have emerged.

How couldn't they with PL status assured and a brand new state of the art stadium to exploit? Debts? All clubs have them. That wouldn't have been off-putting.


Some of our supporters need to realise that they aren't the Blue Knights riding to our rescue. They are NOT our saviours. They just got their elbows out and got their snouts in the trough before the other carpet baggers got a chance to.

We needed a sovereign wealth fund but we got this lot instead.

You know I'll be right on this lot, just like I was right with all the others. Last week's ticket price mugging just confirmed my fears with them.

 

[Joey66]

If TFG hadn't been the new owners another bidder would have emerged.

How couldn't they with PL status assured and a brand new state of the art stadium to exploit?


Some of our supporters need to realise that they aren't the Blue Knights riding to our rescue. They just got their elbows out and got their snouts in the trough before the other carpet baggers.

We needed a sovereign wealth fund but we got this lot instead.

You know I'll be right on this lot, just like I was right with all the others. Last week's ticket price mugging just confirmed my fears with them.

Then were name the other bidder - the mess they inherited - we on the verge of going bust the books had not been cooked they had been fried ....

 

[Joey66]

If TFG hadn't been the new owners another bidder would have emerged.

How couldn't they with PL status assured and a brand new state of the art stadium to exploit? Debts? All clubs have them. That wouldn't have been off-putting.


Some of our supporters need to realise that they aren't the Blue Knights riding to our rescue. They are NOT our saviours. They just got their elbows out and got their snouts in the trough before the other carpet baggers got a chance to.

We needed a sovereign wealth fund but we got this lot instead.

You know I'll be right on this lot, just like I was right with all the others. Last week's ticket price mugging just confirmed my fears with them.

Who 777 were in the mix yet bankrupt -it got very messy - even TFG pulled out on that point then came back in - if it had been a straightforward sale I would agree with you , but it wasn't ....

 

[MisterJ]

If TFG hadn't been the new owners another bidder would have emerged.

How couldn't they with PL status assured and a brand new state of the art stadium to exploit? Debts? All clubs have them. That wouldn't have been off-putting.


Some of our supporters need to realise that they aren't the Blue Knights riding to our rescue. They are NOT our saviours. They just got their elbows out and got their snouts in the trough before the other carpet baggers got a chance to.

We needed a sovereign wealth fund but we got this lot instead.

You know I'll be right on this lot, just like I was right with all the others. Last week's ticket price mugging just confirmed my fears with them.

You can't really say that another bidder might have appeared as that's just totally unprovable. What is proven is these guys appeared and were prepared to buy us.

I'm not sure what era of the game you think we're in, but it's all about monetising the asset now. You may not like it and that's totally your call, but this is the reality of the modern game.

We got left behind at the start of the premier league era, this is now a golden opportunity for the club, we can't get left behind again.

 

[Neiler]

We cant break through on the basis of what you've sketched out. We stand about as much chance of doing that as Chelsea did before Abramovic and City before Mansour.

What we'll get at best is a period of financial stability based on fan exploitation and then the club will face the equivalent again of a last minute free kick into the mixer to see if we can come up with better ownership prospects when TFG decide to sell on.

By the way: 'enterprise value of 1 billion'. Do me a favour.

The enterprise value is just under a billion mate, to be precise.

If we can match revenue with Villa, Newcastle and Spurs on a non CL year for them even West Ham - we have every chance of doing what they have been able to do in the last 5 years i.e. being able to compete for CL, win a Domestic and or a European Trophy - I'm alright with that and why not?

As a model and I've never agreed with it as you know the Sugar Daddy owner days are over - Newcastle have the wealthiest owners in the league and still checking their self generated lunch receipts - its a concept of football long gone, the ladder has been pulled up. You either do self sustainability well or you fail.

The advantage and adversity will be on a economy of scale of self generated revenue.

 

[NeroCeasar]

If TFG hadn't been the new owners another bidder would have emerged.

How couldn't they with PL status assured and a brand new state of the art stadium to exploit? Debts? All clubs have them. That wouldn't have been off-putting.


Some of our supporters need to realise that they aren't the Blue Knights riding to our rescue. They are NOT our saviours. They just got their elbows out and got their snouts in the trough before the other carpet baggers got a chance to.

We needed a sovereign wealth fund but we got this lot instead.

You know I'll be right on this lot. Last week's ticket price mugging just confirmed my fears with them.

How much is your Season Ticket now?

 

[jceverton]

You can't really say that another bidder might have appeared as that's just totally unprovable. What is proven is these guys appeared and were prepared to buy us.

I'm not sure what era of the game you think we're in, but it's all about monetising the asset now. You may not like it and that's totally your call, but this is the reality of the modern game.

We got left behind at the start of the premier league era, this is now a golden opportunity for the club, we can't get left behind again.

I mean this is rubbish, there were two other bidders in the mix apart from Textor and TFG. That was reported at the time. Not sure where this revisionism is coming from.

 

[davek]

Who 777 were in the mix yet bankrupt -it got very messy - even TFG pulled out on that point then came back in - if it had been a straightforward sale I would agree with you , but it wasn't ....

You can't really say that another bidder might have appeared as that's just totally unprovable. What is proven is these guys appeared and were prepared to buy us.

I'm not sure what era of the game you think we're in, but it's all about monetising the asset now. You may not like it and that's totally your call, but this is the reality of the modern game.

We got left behind at the start of the premier league era, this is now a golden opportunity for the club, we can't get left behind again.

There's always another bidder. Just look at what this club had to offer.

Utter nonsense to believe TFG was our last chance.

People need to knock that on the head and stop genuflecting to profiteers as if they did us a massive favour. They didn't.

 

[davek]

The enterprise value is just under a billion mate, to be precise.
If we can match revenue with Villa, Newcastle and Spurs on a non CL year for them even West Ham - we have every chance of doing what they have been able to do in the last 5 years i.e. being able to compete for CL, win a Domestic and or a European Trophy - I'm alright with that and why not?
As a model and I've never agreed with it as you know the Sugar Daddy owner days are over - Newcastle have the wealthiest owners in the league and still checking their self generated lunch receipts - its a concept of football long gone, the ladder has been pulled up. You either do self sustainability well or you fail.

The advantage and adversity will be on a economy of scale of self generated revenue.

Not sure where you get the impression a Saudi-type takeover doesn't work now.

The perennial no marks have won a trophy and been in CL football since they took over and allowed them to keep players and pump some cash in.

 

[pfim]

I mean this is rubbish, there were two other bidders in the mix apart from Textor and TFG. That was reported at the time. Not sure where this revisionism is coming from.

Who, exactly? And what were their offers?