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Paul Greig offered to front the club’s investment of £35 million in King’s Dock, provided Kenwright sold him a controlling interest in the club. He preferred to see the club struggle on. Kenwright certainly benefited from his continued ownership, despite having put zero personal investment into the club. He netted £36 million from the sale to Moshiri, and still wouldn’t cede control of the club and took on the “chairman” role.The contrast with Moshiri is stark. He poured over £700 million into the club, and sold it for an initial fee of £25 million rising to just under £68 million. Not even 10p in the pound return.Yet weepy Bill was the true Evertonian. And that is why there is such ambivalence towards David Moyes. He is held accountable by association for those wasted years....
Steve Brown in The restructuring of Everton FC by The Friedkin Group -
Matt, I think the whole cost of Kings Dock was always £65m and the deal was EFC were to provide the £35m and become owners of the ground but also had to find partners to fund the remainder of the development which was more than just the ground itself. I remember the Club being in talks with Bovis Lend Lease at the time....
Eric Myles in The restructuring of Everton FC by The Friedkin Group -
Dave #14, I thought it was pretty well known how True Blue Holdings came about.
From memory they paid around £15m for the club. Around the same time the club's debt position changed by around... £15m, leading to many to speculate we were the first leveraged buyout - some 6 years before the Glazers bought Man U (although the numbers were vastly different of course).
There was then the litany of financial failures. Bear Stearns securitisation on future ST revenue, various "pay day loans" taken out every year with the first broadcast payments etc. For me the biggest failure was Kings' Waterfront - although the oft-cited £35m ("ringfenced") money had increased to £65m, it was still the original deal of the century with so much grant money available.
We were stagnant for over 2 decades, whilst others around us invested and moved forward. Had we got the Kings' Waterfront stadium, we'd have been in there for 20 years by now. Things might look radically di...
Matt Traynor in The restructuring of Everton FC by The Friedkin Group -
Having read the above, my super low budget 11 is;
JP1
KYLE WALKER JOB JB MIKO
JIMMY KDH
SKILLI FODEN GREALISH
BETO...
Chris Davies in Ranking Everton’s transfer priorities for the summer window -
The Hill looks boss in that picture like 💙 ...
Sean Kearns in The restructuring of Everton FC by The Friedkin Group -
Didn't Matt Jackson head one into the net vs Spurs from a tight angle on our way to the Cup as well?...
Dale Self in Next up: Liverpool at the Hill Dickinson Stadium

