[Football] Everton fc Sale

Sid and the Sharknados said:

To be fair, on an individual level I've liked all the Everton fans I've met (notwithstanding their one eyed view of FFP rules in the cases where it came up).

This is much more than I can say about, picking an example entirely at random (obviously), Derby. Those guys are a bunch of pricks.

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HeaviestTed said:

If I was Everton I’d get four players like caicedo and sell them all to chelski for 150 million a piece, problem solved.

It so f***ing simple.

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TomandJerry said:

The Friedkin Group has pulled out of a potential takeover of Everton. The American investors had agreed a £500m deal to buy the club from Farhad Moshiri but withdrew on Thursday evening.

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Sid and the Sharknados said:

To be fair, on an individual level I've liked all the Everton fans I've met (notwithstanding their one eyed view of FFP rules in the cases where it came up).

This is much more than I can say about, picking an example entirely at random (obviously), Derby. Those guys are a bunch of pricks.

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ConfusedGloryHunter said:

Do you think maybe every club has a subset of extremely vocal bellends? Just a theory mind.

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Bald Head said:

Close to a £1Billion probably, what a way to run a football club.

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Weststander said:

Definitely. It was only the arrogance of Villa and Everton fans online as they embarked on vast spending sprees. I liked the Evertonians I met in Liverpool and in Brighton, including their gallows humour about their club.

Separately, I copied this from the internet. Non owner borrowings of £626m. Thank god we have TB.

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BadFish said:

So much money in the game and clubs still can't make ends meet.

Football is f***ed isn't it?

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Han Solo said:

Not sure even @El Presidente could keep track of that chaos... but I expect to be proven wrong.

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El Presidente said:

It’s a nightmare. Such a mess that we were briefed about Friedkin pulling out 48 hours before the club found out.

Friedkin have put in £200m, which paid off a £160m loan to MSP and the rest was for working capital, so buys some time as loan not due for repayment until 2025.

The good news is that combination of loan, first instalment of PL 24/25 TV money, ST sales and player sales gives a bit of leeway.

Bad news is that lawyers are advising that anyone who buys Everton in the knowledge that money is owed to 777 Partners, could potentially be on the end of a Proceeds of Crime issue, and American based litigation is complex and expensive, so why take the risk.

Further problem is that Moshiri is skint, but appears to be a group of one who thinks his 94.1% shareholding in Everton is worth £50m. Friedkin believe the shares are worth £49,999,999 less than this. This is because whoever buys the club acquires £200m due to Rights and Media Funding (a mysterious company based in Cheshire with no employees but itself borrowing over £300m from the Bahamas. £200m is owed to 777, £200m due to Friedkin and about £40m to Andy Bell (not the one from Erasure). Moshiri has lent the club £450m but converted into shares.

There’s still work to be done to complete the stadium, which itself has ballooned in price from the initial £505m to something closer to £750-800m, despite the club initially claiming there was a fixed price contract for the construction.

Only glimmer of hope is that none of the lenders want administration, as lose the leverage they presently have with the club, so may continue to fund until a new owner is found. The interest rates on some of the loans are horrendous though.

Moshiri’s big pal Alisher Usmanov, who bought Moshiri’s shares in Arsenal and was involved in some creative sponsorship of Everton, is off the radar. He’s even more of a fanboy of Putin than Nigel Farage, and was banned from the UK six months BEFORE Putin invaded Ukraine.

Usmanov’s nephew was appointed to the board of Everton, before resigning for ‘personal and health reasons’ after being charged with GBH, although the charges were then dropped due to lack of evidence.

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'Everton's new £110 Castore home shirt makes disastrous debut in pre-season friendly as the club badge falls off Idrissa Gueye's jersey during draw with Sligo Rovers in Ireland'​

El Presidente said:

It’s a nightmare. Such a mess that we were briefed about Friedkin pulling out 48 hours before the club found out.

Friedkin have put in £200m, which paid off a £160m loan to MSP and the rest was for working capital, so buys some time as loan not due for repayment until 2025.

The good news is that combination of loan, first instalment of PL 24/25 TV money, ST sales and player sales gives a bit of leeway.

Bad news is that lawyers are advising that anyone who buys Everton in the knowledge that money is owed to 777 Partners, could potentially be on the end of a Proceeds of Crime issue, and American based litigation is complex and expensive, so why take the risk.

Further problem is that Moshiri is skint, but appears to be a group of one who thinks his 94.1% shareholding in Everton is worth £50m. Friedkin believe the shares are worth £49,999,999 less than this. This is because whoever buys the club acquires £200m due to Rights and Media Funding (a mysterious company based in Cheshire with no employees but itself borrowing over £300m from the Bahamas. £200m is owed to 777, £200m due to Friedkin and about £40m to Andy Bell (not the one from Erasure). Moshiri has lent the club £450m but converted into shares.

There’s still work to be done to complete the stadium, which itself has ballooned in price from the initial £505m to something closer to £750-800m, despite the club initially claiming there was a fixed price contract for the construction.

Only glimmer of hope is that none of the lenders want administration, as lose the leverage they presently have with the club, so may continue to fund until a new owner is found. The interest rates on some of the loans are horrendous though.

Moshiri’s big pal Alisher Usmanov, who bought Moshiri’s shares in Arsenal and was involved in some creative sponsorship of Everton, is off the radar. He’s even more of a fanboy of Putin than Nigel Farage, and was banned from the UK six months BEFORE Putin invaded Ukraine.

Usmanov’s nephew was appointed to the board of Everton, before resigning for ‘personal and health reasons’ after being charged with GBH, although the charges were then dropped due to lack of evidence.

Everton’s wage bill is £13m a month. Goodison is not a big earner on match days. Generates £1m a game but a lot of that is from STH who have paid in advance. So the club is okay for a few months but after that either needs new owner or someone willing to lend more. Former is difficult due to 777 situation.

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El Presidente said:

It’s a nightmare. Such a mess that we were briefed about Friedkin pulling out 48 hours before the club found out.

Friedkin have put in £200m, which paid off a £160m loan to MSP and the rest was for working capital, so buys some time as loan not due for repayment until 2025.

The good news is that combination of loan, first instalment of PL 24/25 TV money, ST sales and player sales gives a bit of leeway.

Bad news is that lawyers are advising that anyone who buys Everton in the knowledge that money is owed to 777 Partners, could potentially be on the end of a Proceeds of Crime issue, and American based litigation is complex and expensive, so why take the risk.

Further problem is that Moshiri is skint, but appears to be a group of one who thinks his 94.1% shareholding in Everton is worth £50m. Friedkin believe the shares are worth £49,999,999 less than this. This is because whoever buys the club acquires £200m due to Rights and Media Funding (a mysterious company based in Cheshire with no employees but itself borrowing over £300m from the Bahamas. £200m is owed to 777, £200m due to Friedkin and about £40m to Andy Bell (not the one from Erasure). Moshiri has lent the club £450m but converted into shares.

There’s still work to be done to complete the stadium, which itself has ballooned in price from the initial £505m to something closer to £750-800m, despite the club initially claiming there was a fixed price contract for the construction.

Only glimmer of hope is that none of the lenders want administration, as lose the leverage they presently have with the club, so may continue to fund until a new owner is found. The interest rates on some of the loans are horrendous though.

Moshiri’s big pal Alisher Usmanov, who bought Moshiri’s shares in Arsenal and was involved in some creative sponsorship of Everton, is off the radar. He’s even more of a fanboy of Putin than Nigel Farage, and was banned from the UK six months BEFORE Putin invaded Ukraine.

Usmanov’s nephew was appointed to the board of Everton, before resigning for ‘personal and health reasons’ after being charged with GBH, although the charges were then dropped due to lack of evidence.

Everton’s wage bill is £13m a month. Goodison is not a big earner on match days. Generates £1m a game but a lot of that is from STH who have paid in advance. So the club is okay for a few months but after that either needs new owner or someone willing to lend more. Former is difficult due to 777 situation.

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Weststander said:

They were certainly extremely cocky on grandoldteam when cheating with a huge illegal spend. Exactly the same mindset at Chelsea and Villa fans. Planning their success, fully aware of the rule breaking.

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Triggaaar said:

Same as Newcastle fans ignoring where their money has come from. I guess most clubs have an element of arses ready to bare themselves.

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