End of Moshiri - Friedkin, APPROVAL AGREED

[Trowel]

The opportunity to buy Everton shares doesn't come around very often

https://assetmatch.com/news/archive/202 ... ouncement/

[Big Nevs Vaz]

The opportunity to buy Everton shares doesn't come around very often

https://assetmatch.com/news/archive/202 ... ouncement/

Haha the big disclaimer in bold at the bottom. What could possibly go wrong?
'Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.'

[Cozzie]

Thank christ, can you imagine?

[Paddockoldie]

Thank christ, can you imagine?

We dodged more than a bullet there. It would have finished us within a few years.

[Free Agent]

Few years? Would’ve finished us by Xmas!

[superpull]

Looks like the Premier Leagues Fit and Proper Person Test does have a minimum threshold.

We've given them some (justified at times) stick over the last year, but we really do need to be thankful to them for protecting the club here

[Cereal Killer]

Looks like the Premier Leagues Fit and Proper Person Test does have a minimum threshold.

We've given them some (justified at times) stick over the last year, but we really do need to be thankful to them for protecting the club here

Nahhhhh

All they ever wanted was proof of money

777 come up with the bare minimum cash and they’d have been in

[Paddockoldie]

Looks like the Premier Leagues Fit and Proper Person Test does have a minimum threshold.

We've given them some (justified at times) stick over the last year, but we really do need to be thankful to them for protecting the club here

Think you're being very generous here. They allowed scandal after scandal to be reported and never once intervened because they couldn't actually say they weren't a suitable buyer. If they believed the money was there we'd be on the road to ruin by now

[superpull]

If they had the money the Premier league asked for proof of, they wouldn't be in the trouble they are in now.

[Cereal Killer]

If they had the money the Premier league asked for proof of, they wouldn't be in the trouble they are in now.

Wrong

The short version

They borrowed/got investment from anyone and everyone, promising assets as collateral that they didn’t own or already promised to other investors. As soon as some investors started questioning the details it all fell apart

If they’d have conned some other parties to put their money (or A-Cap a bit more) they’d have bought us and we’d just be part of the sinking shitshow

[superpull]

Wrong

The short version

They borrowed/got investment from anyone and everyone, promising assets as collateral that they didn’t own or already promised to other investors. As soon as some investors started questioning the details it all fell apart

If they’d have conned some other parties to put their money (or A-Cap a bit more) they’d have bought us and we’d just be part of the sinking shitshow

But the PL were specifically doing the questioning. There was no room to prove the £200m + £158m was available as equity.
The £200m was basically borrowing off Moshiri in real terms.

The PL didn't have to set the conditions they did. 777 had an agreement to buy Moshiri's shares based on a prolonged financing agreement.

The fact the fit and proper test exists at all is to specifically stop these kind of chancers. They had a pyramid scheme on the go and we were just one mug too far.

[Bob Sacamano]

Forgot this was even happening tbh.

[Jamokachi]

Forgot this was even happening tbh.

All very quiet compared to the 777 saga ain't it? A nice change, but a positive update would be welcome, and keep the jitters at bay!

[Toddacelli]

All very quiet compared to the 777 saga ain't it? A nice change, but a positive update would be welcome, and keep the jitters at bay!

You call it filth and say you hate it but you love it don’t you, you dirty little boy. Now get back in the filth and grime with the rest of us and start scouring the net for greasy rumours, scummy plane trackers and slimy self-serving here we go’s….

[Toffee1]

Following a period of exclusivity, discussions between Blue Heaven Holdings and The Friedkin Group over a potential sale of a majority stake in Everton have ended and The Friedkin Group will not be progressing with a purchase of the Club.

Both Blue Heaven Holdings and The Friedkin Group entered discussions in good faith to explore whether a sale could be agreed. Those discussions have concluded. The parties agree it is in both their interests for Everton to explore alternative options.

The Friedkin Group will remain a lender to the Club and is proud to have played a key role in enabling the new stadium to be built, which will help ensure a bright future for both Everton and the City of Liverpool.

Blue Heaven Holdings maintains a positive relationship with The Friedkin Group and would like to thank them for the time and effort they have put into this process.

When there is further news to share, it will be provided via the Club’s official communication channels.