Friedkin Group emerge as favourites to buy Everton

The Esk is tweeting smiley emojis…

Apparently he's agreed a deal with Moshiri.

Got a lot of criticism that he knows fuck all about football off Mourinho. Moshiri Mk 2?

Over the top. Probably, but we need a leader to turn around, and the last person to do that off the pitch was in the 1960s.

Looking forward to seeing what the deal is. Got to be better than what we have at the moment-right?

It'll do for me..

Moshiri's choice of new owner (Friedkin) is a good choice. Professional, well resourced, know football, ambitious & sets high standards. They've got a plan and will stick to it. Importantly it brings an end to the chaos of the last eight years. It brings new finance, it brings professional management. We've a lot to turn around and it will take time, but these guys, are good, well respected throughout the game.

Not sure how I feel about it…?

Roma did win their first trophy in decades under the Friedkin regime.

The issue with Jose was Friedkin let him spend a lot of money (comparatively speaking) to get in the Champions League and Mourinho blew it all on has-beens and guys he has worked with before and served up dour football and no Champions League spot.

Essentially, same story we have seen from Mourinho in various jobs in the last decade.

"Friedkin has been recognized for his work in the film Dunkirk with a Taurus Stunt Award for Best Specialty Stunt. Friedkin piloted an authentic Spitfire through an aerial dogfight, landing on the beach at Dunkirk, France."

It beats a small role alongside Hattie Jacques in Carry on Matron.

But the Moshiri factor and his record of good decision-making as always is the concern.

I'm a fan of the multi-club approach when done well so this could be promising.

Hopefully we tell Man Utd to do one!!!

In a few years time this will seem like a bargain with all those skyscrapers, cruisers and luxury hotels springing up.

Eat your heart out Dubai.

In other words, they never won the MLS Cup.

Ah Rome, where you can throw three coins in a fountain, and chuck Moshiri in too for good measure!

That was my concern this was going to drag on!

Hopefully we can start to build now for a brighter future and have more to look forward to than avoiding relegation.

Because AS Roma are a club who plays in Europe most seasons. So he either sells AS Roma (my understanding is he doesn't want to do that) or use Everton as a feeder club for AS Roma and make sure club stays safely midtable without qualifying for European competition or competing for trophies.

So out of the frying pan into the fire? Surely there are better bids than this? Downing and Bell?

City and Girona are in the same spot but they are getting around by putting one of them into a "blind trust" or something.

Ditto Utd and Nice. It only applies if they are in the same competition also.

I read recently that Uefa have a waiver on that.

You make a good point on Nice, Manchester United and City and Girona. Didn't think of that. Suddenly I'm a lot more positive. COYB.

Will Branthwaite stay?
Is Dyche's job safe?
What about funds for transfers?
Will he cover all our debts?
Will he satisfy the Premier League's new owners test?

Friedkin is a serious guy and has serious money. He flies anti-poaching patrols when he is here!

Friedkin Group agrees deal for Everton takeover

People who know how to run a club.

The guy has serious cash, proper business expertise and experience of improving a big football club.

I'm pretty excited actually at this prospect. Perhaps Moshiri's final decision at Everton will prove to be his best one?

Now been accepted by Moshiri.

Yeah, he sacked you! Has anyone who has sacked you had any knowledge of football in your humble opinion, Jose?

Didn't think so.

I will always question owners who own other football clubs as to where their priority is, and I doubt he will make Everton his priority over Roma.

“If I was Dyche tonight I'd be feeling a little uneasy. Having watched Roma a few times last season, they play a more passing and attacking game. Something Dyche doesn't do.”

Paul, Dyche is limited in his tactics by the squad he has. And he's played his hand well. If and when he gets more able players, he might be able to show what he can do with them. I'd be tempted to wait and see. And so might new owners.

It makes Everton the Koh-i-Noor diamond alongside all those little red rubies

Derek, I will gladly throw Moshiri into the Fontana Trevi, coins and all.

Diamonds are blue(ish)
Rubies are red
If I was a kopite
I'd wish meself dead.

UTFT

I agree that Bell and Downing or Vici appeared to be more favourable to us as supporters, but a valuable short-term advantage with Friedkin would be his exemplary record with Roma which should enable him to be fast-tracked through the Premier League's Directors and Owners Test.

He has big money and sounds like a proper businessman. Got to be better than Moshiri.

I still see Branthwaire being sold as any new owner will not be able to influence the profitability of the club over the last 12 months for PSR. We'll still need to sell someone before 30 June I'd imagine.

Moshiri potentially out in the next few weeks is a massive bonus tho.

Man Utd fans had no issues with the Glazers until Ferguson retired and they started going backwards.

Roma president Dan Friedkin lands in Italy to plan club's future with De Rossi, Ghisolfi and Souloukou

However, I'm a little disappointed we haven't gone for the Vici groups offer if they had £1 billion to invest.

Then again, with so little known about them, it did sound a bit too good to be true and we want the owner to pass the fit and proper test ASAP this time.

In light of this, maybe there's some legs in reports we want Tammy Abrahams on a loan with a view to buy?!

A jolly unpleasant set of coves.

If it is true and it goes ahead, then it can only be good for Everton… right?

Who knows for sure how it will work out but, with everything that went on last season and all the hoo-hah of late, it would be nice to see some stability at the club before next season, if possible.

Whatever your preference in choosing which one is best, it's a huge relief that it's finally happened and I hope one of the first actions of the new owner is to clear the decks of the loan sharks who have stripped our club of dignity, cash flow and left us humiliated, fighting for our survival.

I have no doubt that, if the deal goes through, the door will close on a dreadful chapter in our history.

After the 777 debacle, I am pleased that a deal has been reached so quickly. I'm still left confused by decisions previously made that had left us in a world of pain, ridiculed and shamed. But through it all were the magnificent, the fans. For they, as much as Moshiri, if not more, have shown what a mighty club we are.

To the new owners, I would say welcome, clear the decks, work with us, and you will have the best club in the world.

I hope that we keep our star young centre half and our manager. No chopping and changing coaches this time. COYB

It is Lazio.

Maybe we might get back to football at last.

I'm happy to have the club owned by a wealthy American businessman rather than an Arab despot or a gangster, or a shady flim-flam guy.

Unless the new owner comes on here to specifically answer your specific questions…

Nobody yet knows.

Nobody is sure.

I haven't felt so excited since Moshiri arrived with his millions….. hang on a minute!

But I'm sensing positive vibes about this one, surely the same shit can't happen to the same club twice can it?

Some business acumen, to go along with the cash, could take us a long way. Let's hope they keep faith with the current manager and team for a while and give them a chance.

Surely they will see that we need to keep Jarrad, so now we can sell Onana to Roma for £80M by 30 June. UTFT!

The American chairman of the club instructed the team's management to avoid signing players on loan, players over 30, and ones with extremely high wages.

Sounds right.

That's three-quarters of our squad!

He's the guy with filmic expertise in successfully dealing with exorcism, and bringing relentlessly destructive multi-national criminal cartels to justice.

If he's of that ilk he'll do for me!

Now, let's delve into the intriguing connection between William Friedkin and Dan Friedkin. While they share the same last name, it is important to note that they are not directly related. William Friedkin and Dan Friedkin come from different branches of the Friedkin family tree, each carving their own path in their respective fields.

William Friedkin, the esteemed filmmaker, has mesmerized audiences with his cinematic creations, while Dan Friedkin has made a name for himself in the business world as a successful entrepreneur and philanthropist. Despite their different career paths, the two Friedkins share a passion for excellence and a commitment to their craft.

If he does though, we may need to rethink things.

But we still have to deal with the current financial year which may require player sales before the end of June.

Also, please remove Dyche. Yes, he kept us up but he also gave us our longest-ever winless run in the Premier League — which is quite remarkable considering the crap we've had over the years. I haven't ever thought he was good enough.

You could say that, with the bunch of misfits he had to work with, he did a miraculous job. You could also say that, if the new owner wants to support the club and bring in better players, he may not be up to the job of playing positive football and moving us up the table.

I think it remains to be seen — if he's retained by the new owner, who seems to have a hankering for “big name managers” like The Special One.

It's funny I'd forgotten Friedkin was in the mix.

Bell as a fan and someone with a stake got a lot of attention plus Esk said it was the only serious bid.

A-CAP got attention based on Moshiri's poor judgment with 777 Partners.

This old Everton fan with Saudi money got attention.

Then this crew called Vici — nice name to tie in with Nil Satis Nisi Optimum with Keith Harris got attention.

Even Textor despite owning Palace did.

But no one paid attention to the one guy who has the personal wealth to pull it off and currently runs a big European club fairly successfully.

I just assumed this link was pure speculation. But really in hindsight he seems IMO the best choice. No disrespect to the others — except A-CAP obviously — but his experience and wealth sets him apart.

Hopefully, change is coming, for the better.

No, I wouldn't sack Dyche. It's going to take a while for this to go through. Even when it does, due to PSR, we might have sensible leadership but we can't splash cash. Dyche has shown he can manage under such constraints.

Also (puts on tin hat), I feel like if someone does a good job relative to what was expected, then you should repay them with some support.

I thought we were wrong to sack Fat Sam because he'd refused the job as a short-term gig, we offered him a longer-term deal, he took us from relegation danger to Top 8, then we sacked him anyway. I don't like the guy, I don't like his football, but I thought that was unfair to him.

I don't dislike Dyche, he seems a good bloke. I don't generally like his football though, unlike Sam, he's never had the luxury of having players who could play better football. And his boring football at least involves creating chances versus Sam's 0 shots per game.

So, all things considered, I think Dyche should stay.

Dyche also worked with one of the worst squads Everton have had in a long time. Not to mention how weak the full squad was.

In my opinion, Dyche has earned another chance.

I agree with you but you could abbreviate and drop the “one of the” and just go with “worst squad Everton have had in a long time.”

Even Frank had Richarlison; Rafa had Digne and initially James.

I think that Friedkin is the best opportunity for Everton from those on the table (that we are aware of). Proven business acumen and the funds to match.

I suspect that his interest is slightly wider than Everton. The attraction of the Premier League is one thing, but Friedkin has an eye for real estate, hotels, entertainment, sport and hospitality. What better than the future for the new stadium at Bramley-Moore Dock?

I really liked the approach made by Bell & Downing – the best offer at the time, but insufficient capital without third-party involvement and relatively high lending.

I could never understand the perseverance with 777 Partners and A-CAP. Many suggested conspiracy theories about Usmanov. I'm still unconvinced that he hasn't been involved in the background and the use of anonymous routes for significant finance has to be questionable. Maybe sanctions re Ukraine have gone on for too long now and it's time to give in to the growing pressure for a resolution, who knows?

As for Vici, the latest that was too good to be true – it didn't take 5 minutes to find that neither of the directors have any track record (as far as I can see) and that one of them has a company registered at the same address as Costa Coffee in Eccles and had 3 ‘strike-offs' on Companies Registry in the last 2 years!

As for Sean Dyche, I think that we need him to keep on pulling us through into the new season as this is going to take some time. Unfortunately, the unfair PSR means that we probably need to lose Branthwaite in the meantime. Shame.

Toyota Stadium, anyone?

Next shirt sponsor, Toyota?
Next truck in Toyota lineup,
Toffee Truck (tongue-in-cheek)

Just sayin'.

I just hope it all gets concluded as soon as possible so the Staff and Sean Dyche know where they stand, who has to go (not Branthwaite) and if possible get some recruitment.

I've heard Roma have some decent players!

Second Saturday in a row that I've woken up feeling great being a Evertonian.

I won't really rest easy until the “accountant” hands over the keys to Goodison, and buggers off.

Now, hopefully, we can turn our attention to more important things, as well more interesting things.

Evidence will be progress, I would imagine this season and possibly the first season at the new stadium would be one of stability. Strong mid table finishes whilst building out a squad.

A full season of bedding down into BMD followed by a second season of competing for a european position. That's a realistic target and I would sincerely hope whoever the owner is sets out a plan and vision as to what there expectation is for where they wish to this club to be over the next 3 to 5 seasons.

As part of the journey to progress Dyche is the man to see us through over the short to medium term.

As for Dyche. I think it depends on our recruiting this summer. If we can keep our core players and add 2-3 talented players then I think he'll be given a chance at least until Christmas.

If there's no incoming, then I think we're stuck with him for another season.

Hopefully, he's leaving us in capable hands and with a viable new stadium. The nightmare may be drawing to a close.

Friedkin is a quality guy with tons of money and actual Top 5 league ownership experience, which none of the other bidders. He did piss off the Roma fans by sacking Mourinho, but they quickly warmed back up to him with the wise hiring of De Rossi. And by all accounts he nicely squared away Roma's warped balance sheet with judicious cost-cutting and new revenues (a tour of Japan).

For those of us who consider these things important, he is a serious, badass wildlife conservationist. His Friedkin Conservation Fund owns more than 6.1 million acres in Tanzania (thanks Andrew #47 for the local view) protecting not only animals but endangered forests. And they help the locals economically. Heck, I can wear my old Chang shirt with the elephants.

Plus he's American, Jewish, flies an airplane, makes really good movies, and as Gary #121 points out, appears to have the varied background to make the most of the new stadium.

What's not to love?

After initially spending over £100M on some big players like Tammy Abraham and Marash Kumbulla, Friedkin has seen Roma adopt a more cautious approach with focus on loan moves and free transfers. In the last two seasons, Roma actually has a transfer profit of around £160M.

This is likely not an owner prepared to lose money signing glamour players to chase quick glory. I expect stability and steady progress with a focus on signing young players with potential who will get sold for profit.

Perhaps Sean Dyche will suit such an owner as he's known as a manager able to survive without spending big.

I just hope the new owner does not think he has to change the manager to make it his own club. Dyche is the glue that has held us together as a Premier League outfit, he certainly deserves the chance to build a proper Everton winning team now.

Let's get this done at ratified pronto please Mr Frickin Masters and let the Bright Blue Renaissance Commence! UTFT

Especially after the Moshiri & Kenwright collaborative years. However, for all his weirdness, lunatic decisions and dodgy associations one has to wonder where we would be now if he hadn't come along.

Impossible to answer of course, but we sure as hell wouldn't be looking forward to probably one the most iconic stadiums in Europe soon, and quite where Kenwright might have had us now doesn't bear thinking about.

I'm enjoying Lanzarote weather and a really quite optimistic feeling right now.

Dan is a third-generation Californian and fourth-generation American whose great-grandfather was Russian.

Bill was the son of Ukranian immigrants who came over in 1903 and whose original name likely wasn't Friedkin. He went to high school with my mom in Chicago. (And no, they weren't friends.)

No link there at all except the Ashkenazic gene pool. Heck, I'm probably closer related to our new owner than the movie guy!

Or do we have to wait till it's official?

Welcome aboard Mr Friedkin, this is going to be a Roller Coaster or Big Dipper, to use its correct name, ride.

Mike, do you think we will be seeing A-listers eg Beyoncé, Sly, Kardashians, Kimberley Guilfoyle etc…. Now at our games? I sincerely hope not.

I actually worked with her for a couple of days on a TV show about 20 years ago. She was funny and raw. No resemblance to the psycho Trump bitch she is now.

To sort out Everton's finances, some restructuring of debt will be on the agenda, even if it is ultimately paying off that debt.M oshiri had problems with R&MF when it was proposed that MSP get equity. Everton are more indebted since that.

There is no doubt Friedkin Group is a good option. They are able to run a business and have experience of running a club. But Everton is a mess and, even before starting, the mess in their finances has to be addressed.

There seems to be a reluctance on the part of lenders to engage in restructuring. I am sure that the Friedkin Group are trying to work on this, but Moshiri is still in position. What is his agenda?

The likes of MSP and R&MF have not been able to come up with that answer; hopefully, The Friedkin Group can and bring them along with them. As for 777 Partners and A-CAP, it is a concern that they appear to be still in the picture.

Everton have not been in court yet. Hopefully it stays that way.

With that mouth, I think the gargoyle could empty the Mersey dry.

"Having watched Roma a few times last season, they play a more passing and attacking game."

Doesn't sound like a Mourinho team!

In an ideal world, Friedkin could offer some of the other suitors or lenders a slice of the cake.

Everton needs serious money and some serious people in charge.

Also, glad that crazy spending andsalaries may be closely scrutinised in the future. Let's face it, it has got totally out of reality.

A few astute additions (not blind-alley Harrison either) or youngsters with potential, along with some experienced players, will do nicely!

If these guys can come in and stabilise us for a few years, and get the club off its knees, then I'm all good for it. Take us into the new stadium at Bramley-Moore Dock still in the Premier League, stop us having to sell our best players and reduce the debt – that's all I need at this stage.

Then we can look at longer-term getting back to the top table of football again – but for now, get rid of Moshiri and Uzmanov and get someone in who will, and can financially, sort us out!

The man had a perceived record of business success before taking us over but hasn't shown an iota of a scooby since. However, with his Russian connections, then one would imagine that this man is no softy.

His blanking of fan concerns and fiddling while Everton has been burning would make him a man not to trust. I wait with baited breath to see what the final outcome to this saga is.

Also, Branthwaite must not be sold to the Mancs on the cheap. I would hate to lose an excellent talent to them (again!). Especially to a ruthless, horrible individual like Ratcliffe.

Of course, Moshiri will see his debts reduced but fuck him and I can't imagine a new owner will want the lad sold at any price.
Take the hit, I say, and bank on the lads to see the deduction off early doors!

Has he got any associated parties who might like to transact some sponsorship say, a new ground or a historic old ground or just some property in north Liverpool, and does he also get the Royal Liver Building?

If true, this is a good start.

Sounds promising, thanks for the info.

The others probably just offered plans for the future regarding finances, debt restructuring etc.

Delighted that Friedkin is in. Can't wait for him to land at Speke in his Spitfire and get cracking!

Especially when we win the Champions League in 2029!

I didn't think this would be allowed in view of having two controlling interests via potentially Everton and currently Roma?

Can the TW legal and commerce experts please review and explain? Thank you.

Here are a few numbers for you to ponder which I am sure will bring a smile to your face:-

Roma: last 2 Profit & Loss Reports

If that is anything to go by, the good ship Everton will be heading in the right direction in the not-too-distant future.

Is Moshiri taking the whole hit, ie, selling the club for buttons? If not, if he's getting a lot back, then Friedkin is paying hundreds of millions over the odds.

Also, why has the prospective buyer passed over the opportunity to play hardball with our creditors to try and get them to reduce the debt burden? Something like: "I'll take over and get things right if you write off, eg, 25% of the debt."

If these issues are still up in the air, there's still a lot that can go wrong with this.

He has been granted exclusivity for negotiations and agreed a deal in principle which seems to say it's very likely he will purchase all or part of Everton. We will have to see what the deal is and if it does happen.

Too good to be true?

The devil will be in the detail and far more intelligent chaps will dissect it ad infinitum over the coming days and weeks.

The Liver Building is part owned by Moshiri, not Everton FC, therefore I would think not included in any potential sale of the club.

As for what happens to Goodison Park, we can only hope it is redeveloped in a tasteful way as originally planned.

Already owner of Roma and Cannes, Dan Friedkin is preparing to add Everton to his personal "collection", a team that achieved the goal of salvation in the last edition of the Premier League.

At stake is 94% of the shares of the Liverpool club, currently held by Farhad Moshiri. It is an investment of €650M, of which €400M represent only the debt mass accumulated by the Toffies.

The Friedkin's goal is to expand the range of companies around Europe, so as to consolidate a timeshare that is proving to be extraordinarily solid and does not intend to disengage on any front. Roma fans, in this sense, can sleep soundly.

It has always been my (possible mis-)understanding that Moshiri owns the stadium, or at least has control of the company that does.

Hopefully a positive omen.

He has sunk almost £1,000M into our new stadium, then we are still in the Premier League with a squad worth plenty of dosh.

I realise that we have quite a lot of debt but I can't see him parting with his ownership for that amount.

Anybody with a better grasp of this care to enlighten me?

No doubt besides selling his shares, he will want to recoup as much of that as possible, but the deal has to take into account assuming debts of £210M from 777 Partners or A-CAP, £200M from R&MF, £158M from MSP and £50M from Downing & Bell and a further £150M to finish the stadium.

If the deal is worth £1B, then Moshiri will have to wash his face on some of his loans.

Leaving aside the football benefits of keeping Jarrad Branthwaite, would his sale affect the amount to be paid for the club any more or less than if we kept him?

Is it Everton FC or Moshiri or AN Other? And is the takeover inclusive of the new stadium at Bramley-Moore Dock, or remaining separate as now?

Everton Stadium Development Ltd is a wholly owned subsidiary of Everton FC Ltd.

Everton FC Ltd has a 40-year lease on the Bramley-Moore Dock development site. I have been down the same blind alley.

Reading through that Swiss Ramble report on Roma shows that they are being managed well but probably need a few years of good performances to put them in the Champions League and towards profitability.

It also reads very similarly to the Premier League with a stand-out side in Napoli earning huge profits, 4 or 5 smaller clubs in profit, and the rest of the league heavy in debt.

While riches are there for a few, how on earth is it sustainable for the rest?

I agree, it does appear Roma is being well-managed. The metaphor about how long it takes to turn a cruise ship around springs to mind. That is the sort of impact I am hoping our new owner is going to have on our great club. Steady the ship, turn it around, then growth.

If you look through this BBC report, it appears stadium capacity, wage management, and player trading are key factors in turning a profit.

Premier League Profit & Loss

As for “the rest” I can't see how it can be sustainable unless they are given a bigger share of the TV rights and assistance with stadium development.

As I have previously posted, the difference between Luton's stadium and Spurs' stunned me. And yet Spurs, and the rest of the “Big Six” need these clubs – without the “other 14”, there is no Premier League.

From what I recall, someone who owns more than 75%.

So Moshiri.

Flately

I guess we're paying his hotel and solicitor bills.

Are you being satiric or are you genuinely of the belief that Michael Flatley is connected with Rights and Media Funding?

From the stadium announcement in 2017:

"Everton Stadium Development Limited (a wholly-owned subsidiary of Everton Football Club) and Peel Land and Property (Ports) Limited have formally signed an agreement for the Club to lease land at Bramley-Moore Dock, Liverpool Waters.

The lease, which is conditional upon gaining planning consent for the proposed new stadium and securing funding for its construction, will run for a period of 200 years at a peppercorn rent."

The stadium is also owned by a 100% owned and controlled subsidiary of Everton Football Club Limited —standard practice to segregate assets to limit liabilities.

I know that R&MF are owned by a former Riverdance dancer and there is a connection to Ireland (or Eire, they're both the same to me).

So I was asking the question, is it that guy?

I guess from your post, maybe not??

In short, EFC transferred its share in BMD to Everton Stadium Finance Co. (Owned by Moshiri) and ceased to be a "person of significant control ".

Everton Finance changed its name to Everton Stadium Devopment Co. and became the "person of significant control"

Info obtained from Company House. Now I don't know what all the jargon on there means but I'm hanging my hat on EFC ceased to be a "person of significant control"

I've always asked the question, "how does that jive with 100% wholly owned?" but never received an answer.

I thought the same, but it came to light that Everton have part of the site on a 40 year lease.The complete site bought from the Peel Group on a 200 year lease is owned by another yet unidentified entity from what I can gather. This came to light due to areas available for development within the site, not being part of the Stadium Development area.There are no charges for the purchase( approx £22m.) of the site against either Everton FC ltd or Everton Stadium Development Ltd.

The Liver building is owned by a Luxemburg Property Co ,Moshiri and a group of foreign investors leased out to Everton on a 25 year lease .

Hope I am wrong.

There could be a agreement with lenders. If the Premier League conditions are satisfied I would expect the deal to be fast tracked or agreed in principle.The Premier League are not stupid.

Moshiri 300 million ( Blue Heaven
Holdings )

MSP. 158 million
777. 200million

Total 658million.
Purchase

Blue heaven Holdings and Blue Sky Capital Shareholder Loans of £460 million converted to Equity owned by Blue Heaven Holdings making up part of of the 94.1% of Everton Shares , which has been sold for £300 million.

R&MF and Metro loans included in the sale.

Additional Funding to be provided for Working Capital to satisfy Premier League requirements.

I am assuming a 25 year lease which is the Standard time of a UK office rental. This could be less and there maybe a get out clause in the contract.

By the way the purchase of the Liver Building was in hindsight not a good investment. A attempt has been made to offload, but has been withdrawn with no takers.Moshiri also attempted to bullshit the side of his holding in the Property Company that owns the Liver Building.

I hope I'm wrong but when you say making up part of the 94.1% of Everton shares, I am lead to believe a little plan may have been put together between the buyer and the seller. We will see.

Your opinion is probably not wide of the mark, as always.I should have added the Moshiri the Muppet caveat to my post . I have just seen the 9 months unaudited accounts of 777 for the past 9months which show a Total Compehensive loss of £589,753,127.This information was provided by Paul the Esk, in disbelief, from the New York Court proceedings.

Blue heaven Holdings and Blue Sky Capital of the Isle of Man provided shareholder loans of approx £450million.These loans were converted to Equity in the Everton Accounts and are shown under additional reserves.The related Equity is now owned by Blue Heaven Holdings with mention of Blue Sky Capital.It is a auditing requirement that Shareholder loans are shown as Equity in Everton's Accounts.It has been assumed that the fact that they are shown in the accounts as Equity and not mention was made of a upfront payment in what was known of the share purchase agreement with 777, that the Shareholder loans were written off.This may not be the case.

Additional information is that whilst Blue Heaven Holdings stated that they are wholely owned by Moshiri, Blue Sky Capital states that he is in control and there is one other unknown Shareholder, which according to Paul the Esk is not Usmanov.It has also been reported that two Usmanov related companies lent substantial amounts of money to Moshiri, which coincided with the Shareholder loans by Blue Heaven Holdings to Everton FC Ltd.

I will let you draw your own conclusions.

Very Good point. Thanks.

It was reported that the Shareholder loans were converted in Equity.But it appears they were put into additional reserves in the accounts

I hope that is right this time.

In my post it should read' The 94.1% shares in Everton are held by Blue heaven holdings and the additional reserves should be referenced to Blue Heaven Holdings and Blue Sky Capital separately. '. I hope this is right.

Paul the Esk may have got caught out thinking that'll Blue Sky Capital had combined with Blue Heaven Holdings, as other reported and myself assumed.But maybe materially the additional reserves have a impact on the number of shares in the 94.1%.I am not sufficiently up on Shares, having only had myself and my wife as shareholders in any Company I owned.Maybe someone with more expertise could confirm or correct.

Bob #202, I don't know English law, but I'm guessing it should be publicly available information when the club changes hands. You may see Jenny's name, maybe Bill's daughter with Virginia.

Dave #204, judging by the tributes he received at the funeral from Jenny, family and friends, I'd guess you're probably wrong. Narcissists don't generate testimonials like that. I know one of Bill's friends, a massively passionate Blue. He adored the guy, despite agonizing over Bill's failings as an owner.

He stopped reading TW a long time ago.

Bill's funeral was populated by people who knew and loved him both before and after he bought Everton (including my friend), and didn't stop loving him because he turned out to be a lousy owner. Watch back those speeches from Reidy, Burnham, Seamus and the Hillsborough families -- and Jenny too -- and tell me they need to be taken 'with a pinch of salt' because he screwed up as chairman.

If that's what you believe, I feel for you. And your loved ones who fail.

His funeral eulogies were given by people who knew him as non-dependants, chief amongst them Reid, Burnham and the Hillsborough families. Seamus had his own reasons as club captain in imminent need of non-playing employment.

It should be noted by genuine Toffees that Southall, Ratcliffe, and just about every player Kenwright signed and got rid of were reportedly silent.

Genuine Toffees, like many on TW, reviled what he did to us even when he was doing it to us.

We all said so but I guess that matters not a jot to a fervent supporter of a regime that's annihilating tens of thousands of uncompromised innocent souls in pursuit of a noxious tiny majority hidden amid (allegedly) those many innocents.

They're doing just what Kenwright did to us but on a much more heinous basis - doing the very best for themselves alone in their own weird fantasy, regardless of the grossly undeniable cost to others.

That's not mere "failure" to anyone with a smidge of common sense.

You were referring to this, "November 25, 2021 - Re: Everton Stadium Development Limited. CH Notice of ceasing to be a PSC; EFC Company Limited

That, though, was in sequence with these two:

November 25, 2021 - Re: Everton Stadium Development Limited. CH Notice of RLE Person of Significant Control; Everton FC Finance Limited.

December 3, 2021 - CH Certificate of Incorporation on Change of Name; Everton FC Finance Limited has changed its name to Everton Football Club Holding Company Limited. Person of Significant Control for EFC Holding Company Limited is EFC Club Limited.

Since Everton Stadium Development Limited was incorporated in April 2017, the Club has been the Person of Significant Control.

For whatever business reason, it does so thru Everton Football Club Holding Company Limited.

Thanks, Very much appreciated.So the number of the shares appear to be the same. So the Shareholder loans from Blue Heaven Holdings and Blue Sky Capital do not affect the number of share c what they do is to increase the Capital of the balance sheet, by being shown under Additional reserves A Auditor is legally required to include them in the accounts as so, because of the relation and terms on loans from a shareholder.So Blue Heaven Holdings and Blue Sky Capital have still got a call on these funds, though they are shown as Additional Reserves in the Accounts

So Everton owe these loans to Blue Heaven Holdings and Blue Sky Capital. This would have to be taken into consideration as separate issue, from the purchase of the 94.1% Shareholding. These loans have not been written off by Blue Heaven Holdings and Blue Sky Capital

In the absence of anything to say of intelligence or originality -- both of which abandoned this poster decades ago -- he has fallen back on an ad hominem attack based purely on religion that is bereft of both accuracy and common sense. No doubt he also thinks we all have long noses and money-grubbing proclivities.

Years ago I posted that this particular obsessive was the one and only longtime denizen of TW that I had absolutely no desire to meet for a beer when I came over. I remain of the same opinion.

I'd also request that you leave the discussion to the theme at hand rather than reference my family into it.

I appreciate how many feel, and, yes, we stood still.

No pun intended, but bury it and move on.

We have a future and iconic new stadium to look forward to.

There's no point living in the past. Look forward.

I keep repeating, the fixtures are out today, so we can start planing.

When MSP Capital was going to take on Equity or Share, Moshiri was going to do a New Rights issue( issue new shares). This would have increased the number of shares of Moshiri portion, which would have split that portion between MSP Capital and Moshiri.What could have been happening is that MSP were paying off some of the share holder loans and getting equity, which was costing Moshiri nothing.Unfortunately R & FM prevented this ( MSP was always the best takeover option )777 Partners were involved on buying Moshiri's existing Shares, not a rights issue. This was agreed on a settlement between 777 Partners and R&MF, but MSP's Loan had. to be paid off.We do not know the status of the Shareholder Loans at this stage, but it was speculated. because 777 did not pay a upfront payment that they were written off.I know doubt this.

This recent Takeover will be complicated within the parameters already set, and with an additional £200 million of loans by 777 Partners, which have seemingly been taken on by A-Cap.

In the Army we were always taught to keep your enemies close, so your can go and deal with them swiftly.

25 minutes to the fixtures being announced and a bright blue future.

I'm just cognizant that there are, or were, readers of TW who did have a personal affection for the man, whose sadness at his final illness was exacerbated by those here who openly doubted it (reports of it were portrayed here as a craven bid for sympathy), and whose grief at his passing may have been likewise compounded by what I can only describe as glee in a few quarters, and barely suppressed satisfaction in even more.

I didn't know Bill, and don't care how he is portrayed. I do care about some who loved him and may be wounded by the portrayals.

Stan #210, your unsheathed insult towards a friend I cherish -- whose opinion I profoundly respect and who, unlike either of us, did know Kenwright well -- places you, in my opinion, in an improper position to be offended by a reference to your loved ones.

Perhaps we had better just leave it there.

And I repeat again that I don't wish my family to be brought into the conversation. I would never bring in yours to make a point.

Not that it bothers me but, I still can't understand why Graeme Sharp, never spoke to the fans after they put out an open letter, asking him to, although it told me a bit more about the man, who was arguably the greatest player connected to Everton, who never got to represent the club on the football field.

You shouldn't speak ill of the dead, Mike, but Bill Kenwright told that many lies, when in control of Everton, that it genuinely wouldn't surprise me if he was still alive.
(You keep saying funeral, Mike, but it was very silent until they had a REMEMBRANCE SERVICE, in the Anglican Cathedral)

Not nice I know, but this is how I feel about the man with regards to his Everton tenure, but like I said when he died, one thing you could never take away from Bill Kenwright, is that he lived a very full and varied life, and this is exactly what you're supposed to do in my humble opinion.

Perhaps this might help in regards to BK.

“Don't speak ill of the dead.” Ever read history book? It's all we do not to mention people we know in our own lives we don't like.

I wouldn't say BK was a narcissist but I don't know the correct term for him though I've met his type many times in life. He's someone who used emotion to manipulate people. Playing on nostalgia, community, small acts of kindness to develop a loyal base of followers who voiceferously shouted down critics of his selfish, harmful and ill judged actions. I've had relatives, bosses, coworkers and acquaintances like him and their playbook was as predictable to me then as it was with him but they all had their manipulated sycophants. With that having been said, as one of the original Kenwright detractors on here I don't see much value in harping on about him now as his critics already agree, and his — in my view — manipulated supporters only stand to get hurt feelings. Either way we can't change the past or confront the man. He's done what he's done he's dead no one is going to change their minds about him now. Let his friends and family mourn him in peace. We detractors have said all that needs to be said. Time to move on.

I wish I could find my notes as I'm fairly sure there was no mention of Everton Football Club Holding Company Limited, only Everton Stadium Development Holding Company Ltd.

Maybe I missed it on Company House.

In takeover news, Tutto Mercato Web are confidently claiming Everton can now be regarded as the property of Dan Friedkin.

The Italian outlet reports the proposed takeover of the Club has reached a turning point and there has been a breakthrough on the American's expected buyout of Farhad Moshiri's majority share in Everton.

Friedkin's group – which also owns AS Roma – will pay in the region of £401million for a 94.1-per-cent stake in the Club, claims the report.

https://www.evertonfc.com/news/2024/june/19/what-the-papers-say---19-june/