The Friedkin Group register new holding company in UK

So TFG have registered Everton under their name at Companies House.

I'd say it's all but done if they have done that.👍

Err... that's not exactly what they have done, Paul. In fact, it will never be that clearcut owing to the layer upon layer of corporate shenanigans involved.

At best, Dan Friedkin will be the ‘individual person with significant control' in Roundhouse Capital Holdings, which will hold the legal ownership of Everton Shares … if or when the takeover is approved and confirmed.

Ground work being laid, interestingly, is 75% intended to be the actual amount Freidkin will have or is this just a confirmation that he holds enough shares to essentially, and legally, do as he wishes?

If the former, is a deal being done with other parties regarding investment or debt management? I guess we will have to wait and see what transpires.

There is only 1 issued share in Roundhouse Capital Holdings Ltd and that is owned by Toffee Investments LLC an American Limited Liability Company.

Dan Friedkin is named as the "Person with significant control", so it is reasonable to assume that he holds at least 75% of the shares in Toffee Investments LLC.

I see the Man City have won their case against the Premier league regarding APT rules, this is a completely separate issue to the 115 charges against them for PSR irregularities.

The APTs are commercial deals involving clubs doing deals with companies they have close ties to and it was introduced soon after the Saudi group took control of Newcastle Utd.

So this will now open the door for companies closely related to the Saudi group to now poor millions into Newcastle. But the strangest thing about this case is that Everton were one of the witnesses for Man City against the Premier League along with Newcastle and Chelsea, while Man Utd, Liverpool, Arsenal, Spurs, Brighton and West Ham were witnesses for the Premier League.

Also, part of City’s argument was, as I understand it, some clubs were allowed to take personal loans from directors which Everton are the highest of clubs who do this. So hopefully Friedkin gets control before the Premier League change the rules and directors loans become part of PSR.

Christine #3, I think 75% is significant in that it allows you to pass special resolutions without the need for any other shareholder. In this case, as you surmise, it just shows he has enough shareholding to do whatever he wants.

Toffee Investments LLC. I like it. Simple, basic, tasty.

The establishment of a Holding Company means Tarkowski's foul can be legally justified as a corporate event.

Taxi for Mr. Gaynes please, that was a groaner.

I just hope this is done and dusted before WWIII starts. That would be so Everton.

Would you say it's officially Toffeweb foul play Brian?

Brian,

What I read is

what has changed on the loans it that clubs like Arsenal (£200m) and Liverpool (£70m) have loans from their owners for which they are not paying any interest. As this is included in PSR then they are not spending £42m and £15 over a three year period which they would do if they paid say 7% interest as all other clubs are paying.
City argued that that was an unfair when other clubs were having to pay interest on their loans.

WWIII, Colin? Only if Everton unexpectedly win the League!

Dennis, correct me if I’m wrong but, weren’t Everton champions in 1914 and 1939? If that’s a terrible coincidence I’m quite happy to defer our next title win for at least another 100 years or so.

I am just glad that it looks like Everton are going to taken over by someone that can and is proven to be able to manage a business.

I don't expect the Friedkin Group to intially go beyond sorting out existing loan, which are a mess and not connected to proper operation of the Club.When they do make funds available it will have to be properly justified and be within a proper strategic plan with budgets and accountability, with quality being a central objective. That is the way they run their existing business.

Not quite, Colin, it was 1915 & 1939. The Great War was meant to be "over by Christmas" so they didn't suspend the League straight away. The 1939/40 season had kicked off but was abandoned upon the declaration of war. Therefore, Everton held the League title until football hostilities resumed after each war. Consequently, Liverpool still haven't been League Champions as long as Everton, although Manchester United have finally caught up with us.

Does Man City winning today’s case mean Danny Boy can pour more money into us?… I’m glad we backed City on it, I think owners of a business should be able to spend/invest whatever they want… It’s like buying a house and not being able to do any renovations. Bollocks to it… if Danny wants to sponsor us with one of his other companies and give us loads of dosh then so be it… Also glad City won because now they have pissed off the PL who’ll hopefully go after them harder for the 115 charges now. Get the popcorn out either way… Also American owners nearly make up 2/3 of the league which is what’s needed to change laws and whatnot. I think it’s been their plan all along and have thought it for years. They are colluding to get 2/3 ownership in the league and change the laws deffo. I suspect getting rid of relegation is top of their list somehow, also playing regular season proper PL games in the US too which I don’t think would be a terrible thing. personally can’t ever see relegation getting scrapped but they’ll have games in America within the next 3 seasons deffo. Brady wants in, so do the Hollywood Bro’s at Wrexham but they are going about it another way.

It also looks like 777 have gone bust?

We owe them money don't we?

Whilst the setting up of a company indicates that a potential buyer is laying the foundations for a deal, it is nothing more than that. It is such a simple process and costs c. £150 to set up a newco at Companies House - no big deal.
Also, don’t get hung up on the 75% designation. There are tick boxes for 25%, 50% and 75%. If someone holds 100% it will still only show up as 75%+.
Having said that, without having any inside knowledge, I believe that only a rejection resulting from the Fit and Proper rules will terminate the deal.

Sean Kearns, I genuinely enjoy your posts with their whacky nonsense about conspiracy theories and ‘club moles’ and one error after another. It’s fun waiting to see what you will come up with next.

We have a new one now!

(17): “Also American owners nearly make up 2/3 of the league which is what’s needed to change laws and whatnot. I think it’s been their plan all along and have thought it for years. They are colluding to get 2/3 ownership in the league and change the laws deffo”.

I love the “deffo”.

The first thing to do as usual is to correct your mistakes and hyperbole. Americans as I type own less than half of the PL clubs not “nearly” two-thirds.

The next, of course, is to think WTF as your conspiracy unfolds. “Their plan”. Who are they Sean? Who comprises your “their”? Is it the Americans who acting on their own bought the clubs?

Did they in fact as your streams of sound imagination now claim act as one in some sort of grand collective design to buy up PL clubs to change the rules? A bunch of well-off Americans working closely together as one cohesive Goldfinger unit with their cross-Atlantic tight and secret networks of finance and financial whiz kids, crack lawyers, sharp corporate brains trust, public relations, conniving merger advisors, plotting consumer eggheads, media consultants, sport administrators and managers, communication experts, and last but not least underground “moles”.

How did I/we not see this?

Questions Sean. Answers might help your seemingly whacky theory.

Who is Mr. or Mrs. Big Sean, who hatched this fiendish plot? Who are they as in “their plan”? You have thought all this for years Sean? For how long? When did the true horror of this fiendish Yankie imperialism dawn on you? How big is the network? What can we do? Have you tipped off the North Wharf Road crew Sean or Downing Street or the FBI or FIFA?

There could be a medal in this for you Sean.

Having been one of the teams that supported City against the Premier League, I can see TFG somehow failing the fit and proper test.

Go back to bed PH. It's early.