Season › 2024-25 › News John Textor returns with his bid for Moshiri's shares Michael Kenrick 09/08/2024 78comments | Jump to last Updated The American billionaire John Textor, who currently owns Crystal Palace, has confirmed to the Daily Mirror his return to the negotiating table to put forward his bid that was rejected back in June in favour of The Friedkin Group. The Friedkin Group had agreed a deal to buy Farhad Moshiri’s 94.1% stake but withdrew last month after carrying out due diligence. The American investors were apparently concerned about the legal uncertainties surrounding the £200m in loans that 777 Partners, the first to agree a deal, had provided to keep the club operating. According to The Guardian, one complication regarding Textor’s offer is that he owns 45% of Crystal Palace and would be required to sell those shares to buy Everton. Textor is understood to be confident that arranging a financing deal for Everton’s new stadium at Bramley-Moore Dock could allow him to delay a prospective takeover until as late as January, giving him the time he needs to find a buyer for his Crystal Palace shares who will give him the profit he seeks. Article continues below video content His Eagle Football has invested in clubs around the world, including the Brazilian first division club Botafogo and Belgium’s RWD Molenbeek as well as Lyon in France. Textor has been looking to sell his Palace stake for a while to allow him to become a majority shareholder at another English club. He has looked at QPR and Watford in recent times. “Yes, we are looking at Everton along with everybody else,” Textor told the Daily Mirror on Sunday 11 August. “I would have to rationalise my interest in Palace before I could close anything. “I am an Anglophile when it comes to football. When I see these legendary teams come along, some in the Premier League, some in the Championship, clubs that I grew up with, they have an appeal. “They also have an appeal to our business model because if I follow these great teams, then so do athletes around the world. “We are signing athletes down in Brazil right now because of the dream of playing on to Europe. It is important to have one of those great, authentic English clubs at the heart of our constellation of clubs. “I say constellation not multi-club because I think every one of our clubs should be a champion. The feeder system doesn’t really work for us. “But it does work that players from South, Central and North America all want to be here so it is important that we have a good partner in the Premier League as part of our family at Eagle. “We will definitely keep looking until we find the right fit.” Quotes sourced from The Guardian Reader Comments (78) Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer () Michael Lynch 1 Posted 09/08/2024 at 14:38:21 So Textor bids again. Surely that chancer won't actually get hold of Everton? Worst-case scenario is Moshiri giving yet another period of exclusivity to someone who is unable to complete the deal.It just goes on. Kunal Desai 2 Posted 09/08/2024 at 14:44:39 I'd like this saga resolved one way or another. Dragging on for almost a year. There is no stability whilst the ownership is still up in the air.Bite the bullet, Moshiri, you halfwit, and take whatever comes your way. You're not recovering any losses. Paul Hewitt 3 Posted 09/08/2024 at 14:51:52 I'd just say to anyone: "Take the club, just pay the debts." Ian Bennett 4 Posted 09/08/2024 at 14:52:00 His current clubs would be ideal to provide Everton with young talent going forward. Michael Boardman 5 Posted 09/08/2024 at 14:57:00 Is that Fred Talbot? Fred Quick 6 Posted 09/08/2024 at 15:02:28 Moshiri is the master of delaying tactics. I wonder how much Textor will loan the club between now and January 2025? Textor isn't the person I'd choose to be the new owner, but us mere mortals don't get to choose, do we? Fingers crossed we eventually get an owner who will benefit the club, but it does look as if we may have to wait a little longer than we'd all like. Dale Self 7 Posted 09/08/2024 at 15:07:19 As Thelwell assembles a squad and Dyche builds a team with those inputs, the monocle men will be climbing over each other to get on board. A deal gets done before Everton secure another season in the Premier League or they see their margins get squeezed by an increase in the obvious latent value of the club. Allen Rodgers 8 Posted 09/08/2024 at 15:36:46 Well spotted Michael @5. The infamous Fred formerly of Granada Reports. I bumped into him years ago when he was filming his ''Where am I?'' spot for TV. He was filming at Backbarrow near the Lakes Motor Museum. I called out to him and he said "Shh... I'm supposed to be incognito!" This was well before the truth came out I hasten to add. Phil Malone 9 Posted 09/08/2024 at 15:51:36 *Michael 5Belter 😂 Mike Gaynes 10 Posted 09/08/2024 at 16:13:00 He'll have the same legal issue with the 777 Partners loans that Friedkin did. I wonder how he plans to get past that? Jamie Crowley 11 Posted 09/08/2024 at 16:17:08 Michael Lynch @ 1 -Why is he a "Chancer"?I haven't read much on Textor and have no opinion of him taking over or not taking over. But I'm genuinely curious — and if anyone at all wants to chime, in please do — what are the negatives with Textor?What has he done that creates any feelings of trepidation if he takes over Everton? What's the case against him?From my uninformed view, he's taken Palace and done pretty well with them? They are far more "safe" and "formidable" than they've been in the recent past. I also think they are financially stable? So what's the negatives with Textor?Someone enlighten me. Paul Hewitt 12 Posted 09/08/2024 at 16:22:34 Mike @10. I don't think Friedkin problem was paying the 777 Partners loans off. I think he was worried that, once the civil case against 777 Partners was done, then it was going to end up in a criminal case. That could drag Everton into court and wouldn't be a good look for him. Jay Harris 13 Posted 09/08/2024 at 16:25:50 Jamie,I am wondering the same about the negativity towards John Textor.He has publicly stated what a privilege it would be to own Everton FC and how it is a big club that he would be delighted to take back to the top.If that is a statement of intent, it is good enough for me… but seemingly not good enough for some. John Pickles 15 Posted 09/08/2024 at 16:49:26 After all the previous "Will they? Won't they?" prospective buyers, I'll treat it like player signings: I won't get excited about it until I see him holding up the shirt. Kevin Molloy 16 Posted 09/08/2024 at 16:51:42 Uncle Ussie aint sinking a billion into BMD and then not sticking around to get the credit for it. After the ceasefire of early December he'll be pardoned in the NY and sponsoring us by the Summer.on an unrelated note, I saw one the of the players going out on loan and the thought occurred when will we ever get a reserve who is ready to go into the first team. Instantly thought of John Ebbrell. Looked him up. He's sixty four. Tony Abrahams 17 Posted 09/08/2024 at 17:00:38 Are these legal issues written in stone Mike, or is it just hearsay?Enough has been written on ToffeeWeb but I don't think I've seen anything that is absolutely concrete and says that whoever buys Everton will have legal issues with those loans that 777 Partners have provided? Si Cooper 18 Posted 09/08/2024 at 17:02:16 Jamie (11), just the questions I was going to ask. Seems like a serious contender with a genuine interest in football.And some with schoolboy mentality are sniggering because they think he resembles a notorious sex offender! Tony Abrahams 19 Posted 09/08/2024 at 17:19:16 Ebbrell is not that old Kevin. He might have lost his hair years ago, but he's only 54! Michael Kenrick 20 Posted 09/08/2024 at 17:23:50 Tony, no please... oxymoron alert: I don't think I've seen anything that is absolutely concrete and says that whoever buys Everton will have legal issues with those loans that 777 Partners have provided?We've had plenty looking at this every whichway in a recent thread, including endless prognostications by self-proclaimed legal expert, John Wilson, and there is nothing "absolutely concrete" about it — exactly because it involves very murky legal issues, and inevitable legal arguments. Please don't poke the sleeping bear and set him going again! Martin Farrington 21 Posted 09/08/2024 at 17:38:29 Aha. did someone mention 777 and the legal problems. yee haa Seriously, not sure how to take this latest turn on the twisty bumpy buying Everton road.He is returning with the same deal Moshiri refused previously???This time the ever so right Guardian have added and eluded that he will take the financial burden of the new stadium out of Moshiri's hands.Which is not the same deal. Well wasnt he going to do that anyway when buying the whole kitten caboodle ? You cant buy the club without a stadium. Or maybe even the inept and most stupid Moshiri wasnt fooled by that ruse the first time."Yes Mr Textor. I will sell you my shares at a knock down price and use them to pay off the debt of the stadium you want for free."Now Textor appears have done the double switch. Buy the stadium but not the team.Craziness breeds craziness.Jumping from the pan into the . ??? Barry Lightfoot 22 Posted 09/08/2024 at 17:45:20 Michael at 5 he looks more like Fred Feast. Habib Erkan Jr 23 Posted 09/08/2024 at 17:47:18 Tony 17,If Everton is a bonafide debtor, there will be no problem once the 777 loan is paid off. The problem the Texas mogul had is he wanted the holder of the 777 Partners loan to take a haircut and he couldn't identify the appropriate party to negotiate with. There's a workaround but Moshiri would have to cooperate. Just my opinion as a semi-retired Texas lawyer. One other thought — could Moshiri be stringing these American billionaires along with the objective to acquire revolving bridge loans until such time as the Russian is no longer persona non grata with the Premier League? Tony Abrahams 24 Posted 09/08/2024 at 18:01:37 I think it's been said before but Everton Football Club definitely resembles the Oregon State Hospital, Habib, but mostly us lunatics swap medication for speculation time.Hopefully this stops everyone going over old ground, once again Michael! Derek Knox 25 Posted 09/08/2024 at 18:24:01 For the sake of the Club, I hope something gets resolved, I don't care if Moshiri loses everything, he hasn't exactly considered us in any of this, just idolising the Green-Eyed Monster. The sooner we are shut of that prick, the better. Between him and the Maggot they have taken Everton to an all-time low. Kevin Molloy 26 Posted 09/08/2024 at 18:29:19 Tony,Thank heavens for that, couldn't believe it when I thought I saw it. The old eyesight aint what I used to be. (I can't even blame Wikipedia for this one.) Brian Wilkinson 27 Posted 09/08/2024 at 18:36:18 Textor is the one I would have gone for a while back, before we had another exclusivity period with The Friedkin Group.My only concern was selling his shares at Palace quickly enough, unless he sells them to Friedkin. Brent Stephens 28 Posted 09/08/2024 at 18:49:32 I was also wondering about what I think Habib #23 is getting at - that Moshiri might just be playing a cagey (very) long game, acquiring loans as and when necessary, with the expectation of eventually paying them off when the new stadium is bringing in revenue, and maintaining his majority ownership??Nah. Surely not. Ian Bennett 29 Posted 09/08/2024 at 18:59:45 He's the only one to come out and say he's romantic enough to want to see Everton at the top again.That was good to hear for a change. Derek Knox 30 Posted 09/08/2024 at 19:31:38 Michael @ 5 " Is that Fred Talbot? "Or, Fred Pontin ?Book early ! Colin Glassar 32 Posted 09/08/2024 at 20:58:11 In 10 years time, Moshiri will be giving his 15th exclusivity deal to some dodgy consortium based in Milton Keynes who own a string of chippys. Mark Ryan 33 Posted 09/08/2024 at 21:33:17 If he drags this out much longer, the war in Ukraine will be consigned to the history books and Usmanov will be stood in the Directors Box of the new stadium like a modern day Nero whilst Moshiri feeds him grapes. Michael Lynch 34 Posted 09/08/2024 at 21:51:00 Why do I say Textor is a chance? Well, what has changed since he last made a "bid' for us? Then, like now, he had a 45% shareholding in Crystal Palace, and then, like now, there is no sign of him offloading it. In fact, the word is that he wants to make a nice profit on his Palace shares and I'm not sure how he will do that.Meanwhile, what has changed with the Moshiri situation since Textor last made a "bid"? It's only got worse — The Friedkin Group pulled out because of insurmountable problems with the 777 Partners debt, and I see no evidence that Textor has either the resources or the ability to solve that particular conundrum. So, if he says he wants a period of exclusivity, what happens when he can't offload his Palace shares for the profit that he wants? Meanwhile, how does he unwind the 777 debt issues?He's looked at other clubs, supposedly one in the Premier League and several in the Championship, so it's not like he's wedded to the idea of buying us. Jerome Shields 35 Posted 10/08/2024 at 05:14:13 Moshiri is going to need another loan soon. It is always possible that some party will take a chance on the issues that The Friedkin Group found a barrier.Depending on Moshiri to smooth any path is a risk given his past record. Other parties seem to have an influence on outcomes. Danny O’Neill 36 Posted 10/08/2024 at 06:29:13 I think we can put this aside until January, whoever is going to come in. I can't see anything happening before then.Dogs walked and heading into London about 9 am to catch a train home from Euston.It should be a good day out at Goodison. It always is. Paul Hewitt 37 Posted 10/08/2024 at 07:16:56 I'm still convinced The Friedkin Group will takeover. Jerome Shields 38 Posted 10/08/2024 at 08:45:26 Michael#34Textor is a Chancer for the reasons you have given.I seem to remember on pres Textor threads he came up short producing the money his mouth said he had in previous Clubs he was involved in. Paul Tran 39 Posted 10/08/2024 at 09:01:32 All potential owners are potential chancers looking to make a big profit and satisfy their egos by awakening the sleeping giant that is Everton.One day, hopefully, one of them.will actually buy the club, maybe even run it competently.We live in hope. Pat Kelly 40 Posted 10/08/2024 at 09:27:07 Some day everyone will have 15 minutes of exclusivity. David West 41 Posted 10/08/2024 at 09:50:30 When are we going to see someone who isn't exploring if they can takeover, and actually see someone who knows they can takeover, before it's out in the media. Most of the financials are in the public domain so any bidder must have a rough idea what it's going to take. Still think performance on the pitch is our way out of this. Get up the league. Get in Europe. Jerome Shields 42 Posted 10/08/2024 at 11:09:14 Everton Takeover. We have had every angle, but no proper takeover. It looks to be as if Moshiri cannot get anything right.Maybe he was employed by Usmanov to baffle people. I once came across a guy called Chico.He was a illegal immigrant. He survived under intense official scrutiny.I could not understand how he could survive until someone told me he baffles them.Chico proposed marriage once a week John Chambers 43 Posted 10/08/2024 at 19:17:03 Brent #28, similar to you, I wonder if Moshiri is trying to limp along for the next 12 months?Then, this time next year, when, hopefully, we are still in the Premier League, with no more PSR threats, we are starting the season in BMD that is sold out for the season and all the hospitality and corporate deals are done, we would be a much more attractive and valuable proposition.. Mark Andersson 44 Posted 11/08/2024 at 02:05:19 Another chancer waxing lyrical about the sleeping giant that is Everton.Reminds me of Kenwright, the biggest of all chances... Steve Shave 45 Posted 11/08/2024 at 07:47:30 I don't feel we are in a position to complain if someone wants to take us off this clown. However, Textor is not my wish, any agreement with him is dependent on him getting shot of his shares in Palace. Sure, he might say all the right things (so did Bill) but it's just kicking the frickin' can down the road again. Mr Friedkin, please come back. Michael Kenrick 46 Posted 11/08/2024 at 09:35:20 Big Gob Wyness is blowing off about Friedkin returning as part of a joint venture with unspecified others:“It would make sense for him because, if he stays under 30% ownership at Everton, then he wouldn't have the conflict with Roma."What 30% threshold is that then? Is it a Uefa thing?? Is it even anything real at all??? (I really wish our clickbait dickheads would pull the plug on the 66-year-old former CEO who now runs a football consultancy advising elite clubs... Pfffth!) John Wilson 47 Posted 11/08/2024 at 12:55:51 Textor is a billionaire and wants to buy Everton and said great things for our future. What exactly is wrong with that? Dowding et al, the Everton fans, don't want to buy Everton now. They barely have a billion between them anyway and know zilch about running a Premier League football club, and for that matter neither does Friedkin, whereas Textor does and says he also has billionaire allies. Friedkin might come back as Wyness suggests on his podcast. I'm sorry Paul The Esk hasn't said that as apparently it's not resolvable as Paul is still harbinger of doom and gloom, well presently. Dave Roberts 48 Posted 11/08/2024 at 14:18:25 You're not allowed to hold any more than 29% of a Premier League club if you hold shares in any other Premier League club. Foreign clubs have sweet FA to do with it. It's perfectly fine to own or control two clubs if they are in different jurisdictions ie: countries. Dave Roberts 49 Posted 11/08/2024 at 14:39:06 Forgot to mention. There are possible complications if somebody has shares in two European clubs drawn against each other in a UEFA competition. In this case the maximum shareholding in one or other rises to 49%. But this does not automatically mean a buyer fails the Premier League's fit and proper person test. John Wilson 50 Posted 11/08/2024 at 14:59:38 The remedy is possibly put Everton on trust and use a trustee to make decisions for the Everton trust asset. This way, Textor won't have direct control and he is not the owner of Everton, the trustee deals with those issues. Alternative, Textor could take majority of Everton and Friedkin is minority shareholder, with his £200 million already invested. Tony Abrahams 51 Posted 11/08/2024 at 15:12:55 How much did it cost for Friedkin, to purchase Roma? I ask because I was reading that Roma are looking to build a new stadium for a cost of around £800M, and whoever purchases Everton can allegedly acquire the whole club, including the new stadium, for around £1.1B.Everton is a very good buy when you consider how much extra revenue the stadium is going to bring, especially if you can move the team forward, but maybe I only think like this because I'm an Evertonian. Dale Self 52 Posted 11/08/2024 at 15:22:53 Textor's complications play to Friedkin. Also, as a purely speculative note, Friedkin was getting Roma a good amount of US TV coverage while the red shite marketing was in full effect. Dropped off in recent years but now as he makes his appropach, waa laa, Everton's preseason matches are featured. I believe he has a media lever and is positioning himself for the inevitable ruling against 777 Partners. Paul Hewitt 53 Posted 11/08/2024 at 15:48:50 Tony @51. I believe whoever buys the club only has to pay off the £650M debt. Seems a bargain to me. Tony Abrahams 54 Posted 11/08/2024 at 16:05:13 I heard that those American investors, who ended up being British, Paul, were allegedly trying to purchase Everton lock, stock and barrel (for around £1.1 Billion) and this would have left the club debt-free and ready to move into a brand new stadium, that had been paid for.Surely it can't be £600 million, unless not totally owning the new stadium is part of that dea,l Paul, especially when Friedkin is allegedly hoping to build a new stadium in Rome which will cost him around £800 million?If this was true, my guess is that he would have found a way around those alleged problems with 777 Partners, but that's all I am doing, I'm guessing. Brian Harrison 55 Posted 11/08/2024 at 16:22:32 I believe that Textor has been trying to sell his shares in Palace for about 12 months and apparently he is asking well over the odds for his Palace shares, so I don't think anything will come of it. Amazing when Sir Jim Ratcliffe was trying to buy Man Utd, the press sought out Joel Glazer to ask him what was happening. Yet, as far as I know, I have read nothing from the press about speaking to Moshiri to ask what is happening to Everton, even Jim White seems to be getting nothing from Moshiri. Clive Rogers 56 Posted 11/08/2024 at 17:55:45 Paul, 53, That can't be true as that would mean Moshiri walking away with nothing after spending over £1B. He reportedly wants £500M and whoever buys gets the debt. John Wilson 57 Posted 11/08/2024 at 18:39:40 There is so much miss information going about concerning Moshiri's rights. The man has put in £600 million of his own money and most of it has gone on the stadium. So why the heck would he walk away without getting his money back? The misinformation and lack of common sense has come from The Athletic, The Blue Echo and other usually credible sources. There is just no common sense whatsoever. Moshiri will get his money back and or all of it when the stadium is doing well. For now, he will have to take what he can in the interim as currently the Everton assets cannot be valued fairly given the several hundred million debt and incomplete stadium. Paul Hewitt 58 Posted 11/08/2024 at 18:43:21 John. Moshiri will not get all his money back, far from it. He apparently is only looking for £50M for his shares. John Wilson 59 Posted 11/08/2024 at 19:48:39 Paul, assuming you were in Moshiri's shoes, would you invest £600 million in an asset and then accept say £30 million to walk away? Paul, is your home for sale? I'll buy it for 10% of its worth, is that okay? Come on, Paul. Just accept 10% please and walk away. Why are you being so unreasonable! John Wilson 60 Posted 11/08/2024 at 20:03:50 It's like this, concerning Moshiri. Moshiri thought to himself "I want a stadium, I'll put some of my money into it. I know Everton and, with the stadium as a sellable asset will be worth £2-3 billion in less than 5 years time." He is prepared to use loans up to whatever it costs to build this stadium as he is speculating to accumulate. Then, when it grows in value, and it will, it will have about £1.4 billion or more in equity. This is why Moshiri is using other people's money to pay for it. Moshiri was Usmanov's accountant and now a billionaire. Are you telling me Moshiri doesn't understand money, doesn't understand equity and profit? Moshiri will get his money back and probably more in profit. This is what shocks me concerning The Esk, he seems to have opinions without using common sense. John Wilson 61 Posted 11/08/2024 at 20:11:13 When Moshiri leaves Everton and his interests in Everton Football Club per se, any debt will attach to Everton Football Club, not Moshiri. Moshiri has not given Everton anything, he has just secured his interest by having 94.1% of Everton which in a few years time will grow as aforesaid and will turn into 94.1% equity. Equity is the difference between price paid and market value. Oliver Molloy 62 Posted 11/08/2024 at 20:25:20 @ 60, Moshiri and his lack of common sense is the reason Everton have been in freefall. John Wilson 63 Posted 12/08/2024 at 09:55:18 Ref me above at 50 : "Alternative, Textor could take majority of Everton and Friedkin is minority shareholder, with his £200 million already invested." Update: Friedkin is apparently back for minority share, 30% or £200 million. This is what I suggested. I think Friedkin wants Everton and will get it. I think this 30% minority share is a tactic. He only needs to fund £400 million and the current equity is his. Over the years, Moshiri and Friedkin will share equity. Moshiri, if he transfers his said equity, it seems he will use his £600 million for a land charge on the stadium and attached with interest based on future performance of Everton and or of our new stadium. Moshiri's equity (value), he will probably secure it by a land charge (or here equitable charge, as the new own acquires legal ownership, ie by deed). His land charge will be put on the land register as a restriction, which means any owner has to pay off Moshiri in the future before transferring any part of the land. John Wilson 64 Posted 12/08/2024 at 10:06:18 The reference for the above is cited here for the Italian publication's claim: https://www.goodisonnews.com/2024/08/12/everton-takeover-twist-friedkin-group-share-farhad-moshiri/I think the pre-season game with Roma has rekindled it for Friedkin. Caveat: assuming this publication is correct. John Wilson 65 Posted 12/08/2024 at 10:22:33 Italian publication cited that Friedkin 30% is here: https://m.laroma24.it/rubriche/la-penna-degli-altri/2024/08/friedkin-everton-pronta-lofferta-per-il-30-del-clubClick English to translate:Friedkin-Everton: a marriage that perhaps needs to happen. Two months ago the deal was practically concluded, then there was a change of heart on July 19th due to concerns about the many debts owed to 777 Partners. Now the Texans have a new idea: to get their hands on a minority share of Everton, one close to 30%. Ian Bennett 66 Posted 12/08/2024 at 18:23:52 I am baffled how they can't do a deal at 100%, but are interested at 30%.That doesn't make sense to me.The % difference suggests a lack of funds, not an issue with 777 loans. Paul Hewitt 68 Posted 12/08/2024 at 18:30:17 Ian, I think Moshiri owns 94.1% of the shares. Friedkin could buy 30%, and Textor the rest. Jay Harris 69 Posted 12/08/2024 at 18:58:26 As far as I can remember it, we owe Friedkin £200M, 777 Partners £200M, an Rights & Media Funding £280M — as well as loans from Moshiri amounting to £450M with about £150M more needed to finish the stadiu, and Moshiri wanting £50M for his shares.That puts the acquisition price including the stadium at about £1.3B plus legal costs which will no doubt be put on the club.Considering Boehy paid £4B for Chelsea, even allowing for Chelsea real estate values, makes Everton's price seem reasonable until you compare it with buying Newcastle with a bigger but older stadium for £350M.Somewhere between the two there is a deal to be struck but only if Moshiri is to take a bath to atone for his error-ridden tenure. Jay Harris 70 Posted 12/08/2024 at 19:01:40 John, nobody wants to take 30% of a debt ridden enterprise over which they cannot exert control.That is why Usmanov wanted out of Arsenal and Textor wants out of Palace.Majority shareholders rule — especially in the high finance world of the Premier League. Kevin Molloy 71 Posted 12/08/2024 at 19:23:43 You have to wonder about 777 Partners. Was Moshiri really stupid enough to think they could have pushed through with the purchase? Or were the owners of 777 Partners treating the assets as a bust out (a la Goodfellas with the restaurant), such that they knew it was going to go pop and took a backhander from Moshiri to funnel £200M our way knowing full well they were going to go pop, and that the liquidator would take years to claw it back again. An interest free loan at the very least. If that is the case, then our chap isn't really interested in selling, he's just waiting for the wind to change. Paul Hewitt 72 Posted 12/08/2024 at 20:20:17 Moshiri isn't getting £450 million for his shares, he will be lucky to get a quarter of it. John Wilson 73 Posted 12/08/2024 at 21:23:54 Billionaires are billionaires because they forecast value in the future, not current. That stadium, and with Everton itself, will be valued at £2-3 billion in less than 5 years and this is why 777, Friedkin and others want in on it. Moshiri will make his money back if the stadium hits £2-3 billion. Moshiri has 94% equity whether as legal owner (by deed) or equitable owner (maxim, equity follows law). John Wilson 74 Posted 12/08/2024 at 21:28:37 Update to me at ref 64 and 65: Joe Thomas, Blue Echo, and Alan Myers, both confirm Friedkin has not stated any interest for the 30%/ minority share. Italian publication is thus currently wrong. But things change quickly as we know, so we'll see! James Flynn 75 Posted 12/08/2024 at 22:00:04 MSP tried to purchase 25% of the Club for £150M last May. Friedkin looking for 30% for his £200M is hardly "Stop-The-Presses" stuff.Eagle Football Holding owns about 45% of the Palace shares, not Textor. He owns the most shares within that (25-30%?). It might not be as easy to pull out of Palace as "Name your price". Michael Kenrick 76 Posted 12/08/2024 at 22:31:33 John @73:"Moshiri has 94% equity whether as legal owner (by deed) or equitable owner (maxim, equity follows law)."You seem to want to make a very simple thing unnecessarily complex. Moshiri owns 94.1% of Everton Shares. That is his equity in the company. Well, it's not actually. The shares are held by Blue Heaven Holdings, which in turn is owned 100% by Moshiri (so we are told). But no need for deeds.Deeds would be for property owned by the club. But they would be held by the club itself (the company Everton FC Co Ltd) — not by the majority owner of shares. Don Alexander 77 Posted 12/08/2024 at 23:07:47 The longer the Moshiri farce goes on, the more I think the Three Stooges made way more sense than anyone when in comes to debt;https://youtu.be/s-ycvJC-qIQ?si=8WPPM0nK_t8cEdxf Paul Ferry 78 Posted 13/08/2024 at 19:23:11 Paul H (72): First you said Moshiri would walk away with nothing, then it was £50M, and now it is £80-100M! Where do you get your information from? Rob Halligan 79 Posted 13/08/2024 at 19:49:34 Paul, he doesn't………he just makes it up! Brian Williams 80 Posted 13/08/2024 at 19:51:46 🤣 Jerome Shields 82 Posted 15/08/2024 at 14:44:06 The Friedkin Group buying a 30% stack is not that far-fetched, given they already have a £158M loan charged against the Stadium.The solution at Everton is the restructuring of debt. The momentum will be Everton needing more funds. Nothing has been addressed regarding the trend of increasing losses from the two previous years.Though Moshiri has a majority stake, it's power is being diluted by increasing debt payments and the increasing power of debtors as a result.A complete takeover is now out of the equation. In a lot of ways, it would have been better that Moshiri had have been sanctioned after the Ukraine Invasion, making the situation more clear-cut, forcing him to abandon his equity and pay to get out. Add Your Comments In order to post a comment, you need to be logged in as a registered user of the site. » Log in now Or Sign up as a ToffeeWeb Member — it's free, takes just a few minutes and will allow you to post your comments on articles and Talking Points submissions across the site. How to get rid of these ads and support TW © ToffeeWeb