New Everton Owners: The Friedkin Group

What do we reckon?

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    Votes: 944 70.7%

  • 🤷 | 🧀🥪

    Votes: 323 24.2%

  • 👎

    Votes: 69 5.2%
  • Total voters
    1,336

Bally1989 said:
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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The highlighted part is the complex part, it seems you're just glossing over this because of how quickly they were able to stabilize the club with their competence.

This was a relegation-threatened club with multiple points deductions due to poor financial results. We were so far from Chelsea we almost weren't in the same league.

The lack of interest wasn't due to the club's image or the supporters. It was strictly financial with the added risk of implosion high due to the mismanagement over multiple years.

The big shiny new asset brought a lot of debt with it, which is fine except for the dire financial results the ongoing operations were generating.

Now TFG may flip the club for a profit, or not. It remains to be seen, but the two most credit-worthy buyers were entities that would take on the risk and possibly flip the club (TFG and MSP). The ones who wanted to own and hold were ponzi schemes or paupers who would normally never be invited to the PL table.
 

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).
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Apart from anything Chelsea FC owned the freehold for their ground didn’t they?
Plenty of folk would be interested in owning a prime spot in west London compared to a smaller plot in L4.
The land itself probably puts £1.5b on the asking price, some of those 208 parties most likely had ideas of moving them and developing that land - intact some of the final 50 pled likely just as shady as 777
 
Bedfordblue said:
Apart from anything Chelsea FC owned the freehold for their ground didn’t they?
Plenty of folk would be interested in owning a prime spot in west London compared to a smaller plot in L4.
The land itself probably puts £1.5b on the asking price, some of those 208 parties most likely had ideas of moving them and developing that land - intact some of the final 50 pled likely just as shady as 777
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Yeah there is the real estate angle but in order to realise that prime London land they would need to secure another site for a new stadium (expensive), expensive planning that would most likely be double the costs of ours and then the build cost. Once all that is done then they can sell the Stamford Bridge site.

L4 without a incoming producing stadium is worthless given the demo costs and house prices in the area, we would have to give it away for free for anyone to take it on.

I knew my original post would get twisted am more just shocked in the number of legitimate parties who had the finances to run Chelsea against 1 legitimate party for us.
 
pfim said:
The highlighted part is the complex part, it seems you're just glossing over this because of how quickly they were able to stabilize the club with their competence.

This was a relegation-threatened club with multiple points deductions due to poor financial results. We were so far from Chelsea we almost weren't in the same league.

The lack of interest wasn't due to the club's image or the supporters. It was strictly financial with the added risk of implosion high due to the mismanagement over multiple years.

The big shiny new asset brought a lot of debt with it, which is fine except for the dire financial results the ongoing operations were generating.

Now TFG may flip the club for a profit, or not. It remains to be seen, but the two most credit-worthy buyers were entities that would take on the risk and possibly flip the club (TFG and MSP). The ones who wanted to own and hold were ponzi schemes or paupers who would normally never be invited to the PL table.
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How many of the clubs owners in the Premier League do you think couldn't have done this?
 
Bally1989 said:
Yeah there is the real estate angle but in order to realise that prime London land is securing another plot for a new stadium, expensive planning that would most likely be double the costs of ours and then the build cost. Once all that is done then they can sell the Stamford Bridge site.

L4 without a incoming producing stadium is worthless given the demo costs and house prices in the area, we would have to give it away for free for anyone to take it on.

I knew my original post would get twisted am more just shocked in the number of legitimate parties who had the finances to run Chelsea against 1 legitimate party for us.
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Chelsea have literally twice the revenue we have.
 

pfim said:
Chelsea have literally twice the revenue we have.
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I am not too sure you get my point at all.

We had one legitimate party interested in us, Chelsea had 50.

We are a massive value add opportunity which the new owners are currently doing to be fair to them. Stop belittling the opportunity this club is.
 
Bally1989 said:
Yeah there is the real estate angle but in order to realise that prime London land they would need to secure another site for a new stadium (expensive), expensive planning that would most likely be double the costs of ours and then the build cost. Once all that is done then they can sell the Stamford Bridge site.

L4 without a incoming producing stadium is worthless given the demo costs and house prices in the area, we would have to give it away for free for anyone to take it on.

I knew my original post would get twisted am more just shocked in the number of legitimate parties who had the finances to run Chelsea against 1 legitimate party for us.
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We spent a lot of the time period we were up for sale staring in to the abyss; Points deductions, no funds, PSR tightrope, a very real threat of relegation and a half built stadium. Yeah, amazed there wasn't a queue. I don't think it's a coincidence that we were sold to a proper party once it was obvious the stadium was nearing completion.
 
Bally1989 said:
I am not too sure you get my point at all.

We had one legitimate party interested in us, Chelsea had 50.

We are a massive value add opportunity which the new owners are currently doing to be fair to them. Stop belittling the opportunity this club is.
Click to expand...
Name once I did this.

You're not getting my point at all. This is all about finance.

Stop comparing us to Chelsea, we aren't them at all right now and haven't been for decades.
 

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