New Everton Owners: The Friedkin Group

[Timbucktoo]

Similar to the rs, we've basically been sold for the sum of the debt. Difference is, our debt was over 3 times what theirs was. The club is maybe worth what they paid, maybe less, but certainly not ready to flip for a profit. Luckily for us, we need consistent top 8 finishes and sell-out crowds for 2 or 3 years to make it worth more, so hopefully a win/win situation.

And with United sinking to new lows every other week their could be room in the top 8, or even better, so hopefully we can take advantage of their demise this time around.

 

[Aries]

And with United sinking to new lows every other week their could be room in the top 8, or even better, so hopefully we can take advantage of their demise this time around.

United seem to be in a spot of bother. Billions in debt, cost cutting all over the shop, and sailing very close to the PSR boundaries. A report last week said they’ll have to sell to buy for the foreseeable. That’s an issue when you have a mediocre squad on massive money. We know that problem all too well. The likes of Casimero has already said he’s happy to sit on the remainder of his lucrative contract. We can forget worrying about them coming in for Branthwaite this summer, they simply can’t afford him. There’s not gonna be a sudden upswing in their fortunes anytime soon.

 

[Exeter_Gently]

Oh, John Moores changed this club into winners. Would we have become a club competing at the very top? We'll never know. Would we have been top flight ever presents? Probably not.

Great man

 

[davek]

And?

And?

I'd sated that Everton's founders in the limited company era were social reformers and good men. Then John Moores' name was raised - someone I condemned before - as if that were relevant to a discussion about people in the nineteenth century...and a contradiction of my view.

The end.

 

[MikeH72]

I can see PL status confirmed with a couple of wins and with the stadium ready, we’d be ripe for TFG to flip for a tasty profit.
Maybe that’s why there’s been little seen of them

Yeah, no they’re not selling us 6 months after buying us.

 

[AsiaAsia82]

Yeah, no they’re not selling us 6 months after buying us.

Not saying I want them to, just saying it’s not outside of the realms of possibilities given how the re-financing, court troubles etc seem to be over.

And the state of Sandhills, Dan won’t be able to just rock up in his new loco..

 

[RinkyDinker]

TFG aren’t flipping us after 6 months. We haven’t seen them because that’s how they operate. Ask the Roma fans how many times they’ve seen Dan and his son. Not seeing them is a far better situation to be in than worrying about Moshiri making a fool of himself to Jim White on Talk Sport.

Absolutely agree, crazy take if people think TFG are looking to sell up before they’ve had a chance to maximise the club! I would much rather they kept quiet until they have something constructive to announce, unlike all the tripe pedalled by Baxendale & Kenwright over the years. There will be so much work being undertaken in the background, a lot of which may have not come to fruition yet, whether it be sorting contracts, board positions, naming rights, rugby test matches, other commercial opportunities etc. we have professionals in place for the 1st time in many a year, we should embrace the lack of content just now, because we’re so used to being spoonfed a load of cack by the powers that be previously. Silence is golden in this instance, they will show their face when it’s necessary to do so, but I’ve a strong feeling they will be able to back up what they say, unlike everyone else before.

 

[Bedfordblue]

Paywalled story in The Times today saying the club aren’t willing to meet the minority shareholder to discuss the collapse in share price since the number of shares was increased to 1.6m.
A request to meet the new owner was immediately rebuffed by interim chief executive Colin Chong, who claimed that TFG “did not consider such a meeting necessary.”

I wonder what they expect to be honest, while I have some limited sympathy with people who have seen a share certificate they may have spent £3.5k on become nominally worth £175, nothing has changed for them in essence. They’re still shareholders in Everton.
Maybe they will lose some privileges under TFG (if there ever where any) but by the same token, I’m not sure how trading private shares between individuals that has / had zero impact on the club justifies any fringe benefits anyway.

 

[Exeter_Gently]

And?

Ignore him mate...We all know Moores is responsible for one for the Golden era's of Everton Football club.

Great man and a massive part of Everton's rich tapestry.

 

[davek]

Paywalled story in The Times today saying the club aren’t willing to meet the minority shareholder to discuss the collapse in share price since the number of shares was increased to 1.6m.
A request to meet the new owner was immediately rebuffed by interim chief executive Colin Chong, who claimed that TFG “did not consider such a meeting necessary.”

I wonder what they expect to be honest, while I have some limited sympathy with people who have seen a share certificate they may have spent £3.5k on become nominally worth £175, nothing has changed for them in essence. They’re still shareholders in Everton.
Maybe they will lose some privileges under TFG (if there ever where any) but by the same token, I’m not sure how trading private shares between individuals that has / had zero impact on the club justifies any fringe benefits anyway.

I dont like the sound of these people...TFG.

I dont like the offhand way they deal with people.

 

[toffeeblue9]

Paywalled story in The Times today saying the club aren’t willing to meet the minority shareholder to discuss the collapse in share price since the number of shares was increased to 1.6m.
A request to meet the new owner was immediately rebuffed by interim chief executive Colin Chong, who claimed that TFG “did not consider such a meeting necessary.”

I wonder what they expect to be honest, while I have some limited sympathy with people who have seen a share certificate they may have spent £3.5k on become nominally worth £175, nothing has changed for them in essence. They’re still shareholders in Everton.
Maybe they will lose some privileges under TFG (if there ever where any) but by the same token, I’m not sure how trading private shares between individuals that has / had zero impact on the club justifies any fringe benefits anyway.

I have limited sympathy here in all honesty. Those minority shareholders (the ones who paid a couple of grand or whatever for a share) did so for one of a few reasons - fringe benefits of being a shareholder, access to the shareholders meetings (when we still had them), sentimentality of owning a share in the club etc etc, but whenever you buy shares, you do so in the full knowledge that the value of your investment (which is what it is) can go up as well as down. If you can't afford the value of your share to become zero, you shouldn't be buying shares. TFG haven't enforced a mandatory purchase of those minority shares, so the sentimental reasons they may have bought a share in the first instance still remain.

 

[Richard Alex]

They'll want a return on their money that's for sure - they aren't here to help the little guy - that's not what business people do.

That said - short of being taken over by a charity or an oligarch with money to burn - that would be the case with any owner.

What matters for the club most - following our administration scare - is competence.

I get business is business but they won’t endear themselves by treating supporters/share holders in this manner. What monies are we talking here? In the grand scheme of things, not a great deal I reckon.
By not discussing this with the shareholders shows a lock of class and respect towards the club.
Red herrings for me.

 

[Timbucktoo]

And?

I'd sated that Everton's founders in the limited company era were social reformers and good men. Then John Moores' name was raised - someone I condemned before - as if that were relevant to a discussion about people in the nineteenth century...and a contradiction of my view.

The end.

Is there anyone associated with the club you condemned at some stage?

 

[Bryan+]

And?

I'd sated that Everton's founders in the limited company era were social reformers and good men. Then John Moores' name was raised - someone I condemned before - as if that were relevant to a discussion about people in the nineteenth century...and a contradiction of my view.

The end.

Dave do you think we should give free season tickets to the dockers, y’know being all socialist like and given we stole their land.

 

[Richard Alex]

I dont like the sound of these people...TFG.

I dont like the offhand way they deal with people.

I agree Dave. It’s disgusting.