New Everton Owners: The Friedkin Group

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TalkSport had a journalist on who has wrote a book about the sale of Chelsea a few key takeaways:

  • 208 Parties expressed an interest in buying the club.
  • Whittled it down to 50 who could take on buying Chelsea.
  • Any Premier League club would get a lot of interest if put up for full sale.
Question is why did we only have some drug dealing cowboys without a pot to you know what in, some fella who couldn't buy teh club as he couldn't shift his Palace shares and then our new bottom line Yank overlords.

Makes you wonder why especially given the purchased the club for peanuts and the potential of this club given the stadium etc.

Also if we ever qualify for Europe apparently TFG will find it difficult to put us in a blind trust....

Something feels off about it, I can't put my finger on it but it does (secures tin foil hat onto head).
 

Bally1989 said:
TalkSport had a journalist on who has wrote a book about the sale of Chelsea a few key takeaways:

  • 208 Parties expressed an interest in buying the club.
  • Whittled it down to 50 who could take on buying Chelsea.
  • Any Premier League club would get a lot of interest if put up for full sale.
Question is why did we only have some drug dealing cowboys without a pot to you know what in, some fella who couldn't buy teh club as he couldn't shift his Palace shares and then our new bottom line Yank overlords.

Makes you wonder why especially given the purchased the club for peanuts and the potential of this club given the stadium etc.

Also if we ever qualify for Europe apparently TFG will find it difficult to put us in a blind trust....

Something feels off about it, I can't put my finger on it but it does (secures tin foil hat onto head).
Click to expand...

They offered the best deal to the majority shareholder at the time as opposed to the best deal for the club.
 
Neiler said:
They offered the best deal to the majority shareholder at the time as opposed to the best deal for the club.
Click to expand...

Are you suggesting there was other parties who offered a better deal for the club?

It was a crazy time at the club when all this went down but I had it down as 3 parties.

  • Eagle Football Holdings (Textor).
  • 777
  • The Friedkin Group
I am not stupid so realise Chelsea would draw more interest due to the real estate aspect of the club as well as modern recent history but still 3 parties for an established premier league club always felt low to me.
 
Bally1989 said:
TalkSport had a journalist on who has wrote a book about the sale of Chelsea a few key takeaways:

  • 208 Parties expressed an interest in buying the club.
  • Whittled it down to 50 who could take on buying Chelsea.
  • Any Premier League club would get a lot of interest if put up for full sale.
Question is why did we only have some drug dealing cowboys without a pot to you know what in, some fella who couldn't buy teh club as he couldn't shift his Palace shares and then our new bottom line Yank overlords.

Makes you wonder why especially given the purchased the club for peanuts and the potential of this club given the stadium etc.

Also if we ever qualify for Europe apparently TFG will find it difficult to put us in a blind trust....

Something feels off about it, I can't put my finger on it but it does (secures tin foil hat onto head).
Click to expand...
TFG are here to get the revenue streams pumped up at the new stadium in order to prove it's a viable business to others who'll they'll sell the club onto.

They've taken the chance where not too many others see that potential and wouldn't commit the sort of cash plus guarantees TFG have taken on.

We know it'll work out for them because we know the fanatical fanbase and the massive fanbase we have now and the 'hinterland' fanbase that's ready to tap into with more stability and even minor successes.

TFG wont be here for longer than it takes to attract a new buyer who can hand them a massive profit on their shares. I just dont see this as being a long term partnership.
 
Bally1989 said:
Are you suggesting there was other parties who offered a better deal for the club?

It was a crazy time at the club when all this went down but I had it down as 3 parties.

  • Eagle Football Holdings (Textor).
  • 777
  • The Friedkin Group
I am not stupid so realise Chelsea would draw more interest due to the real estate aspect of the club as well as modern recent history but still 3 parties for an established premier league club always felt low to me.
Click to expand...

Let's not also forget the circumstances surrounding the Chelsea sale. That in itself would create more potential purchasers
 
davek said:
TFG are here to get the revenue streams pumped up at the new stadium in order to prove it's a viable business to others who'll they'll sell the club onto.

They've taken the chance where not too many others see that potential and wouldn't commit the sort of cash plus guarantees TFG have taken on.

We know it'll work out for them because we know the fanatical fanbase and the massive fanbase we have now and the 'hinterland' fanbase that's ready to tap into with more stability and even minor successes.

TFG wont be here for longer than it takes to attract a new buyer who can hand them a massive profit on their shares. I just dont see this as being a long term partnership.
Click to expand...

Only need to see us midtable this season coming then don't they, they would most likely get a profit the moment we were safe this season.

When you combine that with their potential difficulty to put Everton into a blind trust, bringing back a steady hand in Moyes and lack of appetite to spend any money in January.

It does make you question their long term plans for the club albeit there are a few points that contradict that as people will point to some of the people who have bought into the holding group etc (but then again who doesn't love a quick profit).
 

Bally1989 said:
Only need to see us midtable this season coming then don't they, they would most likely get a profit the moment we were safe this season.

When you combine that with their potential difficulty to put Everton into a blind trust, bringing back a steady hand in Moyes and lack of appetite to spend any money in January.

It does make you question their long term plans for the club albeit there are a few points that contradict that as people will point to some of the people who have bought into the holding group etc (but then again who doesn't love a quick profit).
Click to expand...
People dont want to hear it, but Roma are their priority. Everton is strictly business.
 
davek said:
People dont want to hear it, but Roma are their priority. Everton is strictly business.
Click to expand...

Well as you've been saying they haven't once been to see us.

Its just bizarre, given one of the most historic days in our modern history was leaving Goodison Park and they weren't there to see it.
 
Bally1989 said:
Are you suggesting there was other parties who offered a better deal for the club?

It was a crazy time at the club when all this went down but I had it down as 3 parties.

  • Eagle Football Holdings (Textor).
  • 777
  • The Friedkin Group
I am not stupid so realise Chelsea would draw more interest due to the real estate aspect of the club as well as modern recent history but still 3 parties for an established premier league club always felt low to me.
Click to expand...

It's not that difficult to understand. The debt and what Moshiri wanted made the club undesirable to most. That generally means that someone unworthy is willing to "overpay" which is what we got with Moshiri's litany of buyers.
 
pfim said:
It's not that difficult to understand. The debt and what Moshiri wanted made the club undesirable to most. That generally means that someone unworthy is willing to "overpay" which is what we got with Moshiri's litany of buyers.
Click to expand...

Well its not that simple is it.

Given that with stabilisation of the debt as the our new owners have done, which didn't provide to be too difficult, this was all reflected in the sale price.

There was also a big new shiny asset to be realised within 6-18 months or completing the transaction that would drastically increase revenues of the club.

Yes I wasn't expecting 208 expressions of interest or 50 parties who could afford to run Everton but having 3 including one who didnt have the finances to run the club and the other who couldn't actually buy us to be 2 of the 3 interested parties was disappointing.
 

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