First sale to 777 fell through and now Friedkin have pulled out.. This may not be a surprise but what is, is to read both 777 and Friedkin have lent £200m to the club during the negotiations. If these two loans have to be paid back plus any others plus £500m ish new stadium cost what price is present owner trying to sell for.
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[Football] Everton fc Sale
- Thread starter amexer
- Start date
Nobby Cybergoat
Well-known member
- Jul 19, 2021
- 8,253
Those loans won't have been given out of kindness.
I'd love to see the interest rate and details of any penalty clauses
I've not been following very closely but a quick google search reveals .......
How much debt is Everton in?
Everton's secured debts (including funds owed to Friedkin) total more than £600 million. A further £150 – 200 million is likely to be required for working capital, completion of the stadium and squad enhancements.7 Jul 2024
Yikes
I'd love to see the interest rate and details of any penalty clauses
I've not been following very closely but a quick google search reveals .......
How much debt is Everton in?
Everton's secured debts (including funds owed to Friedkin) total more than £600 million. A further £150 – 200 million is likely to be required for working capital, completion of the stadium and squad enhancements.7 Jul 2024
Yikes
Mancgull
Well-known member
Seems like Everton are up financial shit creek and have dropped their paddle. Other potential buyers will now be very wary.
The potentially new buyers have been blocking the sale of key players, looks like one or two will have to go now.
Are we past the cut of from old season to new when it comes to points deduction? Im assuming so.
Are we past the cut of from old season to new when it comes to points deduction? Im assuming so.
Psychobilly freakout
HellBilly
They can go to the wall for all I care, don't like the club or fans.
Rookie
Greetings
- Feb 8, 2005
- 12,324
Does it not depend if they go into administration, instant points deduction I think?
We need a football finance expert to get involved
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.
BuT, bUt, It'S tHe PrEmIeR lEaGuE tHaT's CoRrUpT
Close to a £1Billion probably, what a way to run a football club.
TomandJerry
Well-known member
- Oct 1, 2013
- 12,323
Not sure even @El Presidente could keep track of that chaos... but I expect to be proven wrong.
A dullard spoke about this on R5 earlier today.
Psychobilly freakout
HellBilly
Yeah agreed. I think they'll seriously struggle to attract sensible buyers for the club. This mess will take years to unpick
Moshiri (really Usmanov’s money) will never see a ruble of his money back. Hopeless.
Last edited:
redoubtable seagull
Well-known member
- Oct 27, 2004
- 2,599
Good article in the Athletic about this mess.
Seems the murkiness of the £200m loan from 777 is the reason for TFGs withdrawal. It’s not clear who that loan is owed to as 777 source their funds from debt/loans.
What a shambles.
Seems the murkiness of the £200m loan from 777 is the reason for TFGs withdrawal. It’s not clear who that loan is owed to as 777 source their funds from debt/loans.
What a shambles.
- Mar 23, 2023
- 1,905
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.
It so f***ing simple.
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.
"Ever" hate?