End of Moshiri - Friedkin, APPROVAL AGREED
Re: End of Moshiri - Friedkin Purchase Falls Through
I just want some normality, just worry about the 90 minutes every week, is that too much to ask.
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blueforyou
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Re: End of Moshiri - Friedkin Purchase Falls Through
2025: New owner; New ground; New division; New manager
For better, for worse
We'll see!
For better, for worse
We'll see!
"And you can put that in your ******* black book"
Johnny "retaliate before tackled" Morrissey
BlueMyMind
Johnny "retaliate before tackled" Morrissey
BlueMyMind
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Evertonian in NC
- Posts: 1096
- Karma: 489
Re: End of Moshiri - Friedkin Purchase Falls Through
Textor to be Everton’s saviour? Forgive the scepticism, but this club do not easily deal in hope
US businessman John Textor looks on during a joint a press conference with French President of the Olympique Lyonnais (OL) football club to announce the sale of the club on June 21, 2022 in Decines-Charpieu, central-eastern France. - "Everything is signed," Aulas announced about a majority stake in OL Group by Eagle Football Holdings, owned by American John Textor, who already owns several soccer clubs. (Photo by OLIVIER CHASSIGNOLE / AFP) (Photo by OLIVIER CHASSIGNOLE/AFP via Getty Images)
By Greg O'Keeffe
Aug 24, 2024
34
Save Article
There is a line in The Big Short, a 2015 movie about financiers who profited from the U.S. subprime mortgage crash, that makes you think about Everton.
Not because of the labyrinthine, murkily complex methods and unprincipled actions people take to make themselves lots of money. Not exactly that.
It’s this.
Advertisement
“People hate to think about bad things happening,” says one character. “So they always underestimate their likelihood.”
That reflection on a trait otherwise known as normalcy bias might be true for many folk, but not Evertonians.
Nobody who has been on the wild journey of fear and loathing that has sent this fine old club careering to unprecedented lows since Farhad Moshiri’s arrival, initially as co-owner, in 2016 could underestimate a single development anymore.
Perhaps they thought a fresh start was going to be possible with the potential new ownership of MSP Capital Sports last May? The New York-based investment company entered into an exclusivity period, only to withdraw from talks.
Then there was the drawn-out courting of 777 Partners, a suitor any capable due-diligence process would surely have quickly ruled out. That, too, ended in failure and damaging consequences that still feel only partially revealed.
Finally there was The Friedkin Group, which looked under the bonnet at the state of Everton, baulked and withdrew quicker than its chairman Dan Friedkin can fly a Spitfire.
John Textor is the latest suitor for Everton (Franck Fife/AFP via Getty Images)
Or take their tumultuous previous season on the field, soundtracked by November’s deduction of 10 points (though that was reduced to six on appeal) for PSR (profit and sustainability rules) breaches under the stewardship of now majority owner Moshiri. A setback bad enough for any club surely? Their on-the-pitch recovery seemed to merit some respite. Nope. Roll on a second deduction, of two more points, in April that pushed the club to the brink of their first relegation since the early 1950s.
So the luxury, conscious or not, of being able to minimise risk and threat has been largely jolted out of Evertonians.
After the 777 fiasco, each new interested party faces an instinctive wall of scepticism and fear unless, like the Friedkins briefly did, they manage to conduct themselves as potentially capable, responsible owners with a decent track record and good, sensible intentions.
Advertisement
In that light, what about the next saviour to whom Moshiri now appears desperate to hitch his wagon: John Textor, co-owner of Everton’s fellow Premier League side Crystal Palace?
Forgive the fans if they are not tingling with excitement.
Here is an individual who seemingly wishes to buy their club, but only next year, after a stadium refinancing deal is in place, and also only after he has managed to sell his 45 per cent shareholding in Palace. That’s a stake in the south London club which, confusingly, the American is so determined to sell that he… recently tried with one final bid to become Palace’s outright owner.
All make sense? No, me neither.
Again, you’ll forgive Everton supporters if they arch an eyebrow and wonder if there is game-playing going on here far removed from the proper, serious way to acquire a storied club such as theirs.
Ironically, The Friedkin Group seemed to do that, and their hasty retreat only left more worrying questions than it provided answers.
What of those answers? Evertonians have long since given up on getting any insight from the club’s Iran-born owner. Moshiri has abandoned meaningful interviews and communicates only in fits and spurts with the fan advisory board, inevitably failing to offer any true clarity.
Manager Sean Dyche watched Everton lose 3-0 at home against Brighton last Saturday on the season’s opening weekend (Carl Recine/Getty Images)
It leaves supporters vulnerable to their own imaginations, and they rarely imagine the best outcome. Why would they?
They worry, in Goodison Park’s emotive final season, whether their main source of hope for the future — the Bramley-Moore Dock stadium which, in fairness, has been largely funded by Moshiri — could become an asset that new owners in general (and this is not an aspersion aimed at Textor) could laden with heavy debt, or even sell.
They fret at the parlous nature of the current first-team squad, stretched to near breaking point already after just one game of the season.
Advertisement
They fear the last week of the transfer window before Friday’s deadline and, as the manager Sean Dyche conceded this week, having to sell their No 9, England international Dominic Calvert-Lewin, without having time to replace him.
And they greet each new twist in the club’s protracted takeover search with all the enthusiasm of a Brit staring at their unused barbecue, dreaming of a brighter day this summer to finally use it, while pulling closed their cardigan to ward off a pre-autumnal chill.
go-deeper
GO DEEPER
John Textor interview: His uncertain Palace future, Lyon battles and multi-club vision
(Top photo: Olivier Cassignole/AFP via Getty Images)
Greg O'Keeffe
Greg O'Keeffe is a senior writer for The Athletic covering US soccer players in the UK & Europe. Previously he spent a decade at the Liverpool Echo covering news and features before an eight-year stint as the paper's Everton correspondent; giving readers the inside track on Goodison Park, a remit he later reprised at The Athletic. He has also worked as a news and sport journalist for the BBC and hosts a podcast in his spare time.
US businessman John Textor looks on during a joint a press conference with French President of the Olympique Lyonnais (OL) football club to announce the sale of the club on June 21, 2022 in Decines-Charpieu, central-eastern France. - "Everything is signed," Aulas announced about a majority stake in OL Group by Eagle Football Holdings, owned by American John Textor, who already owns several soccer clubs. (Photo by OLIVIER CHASSIGNOLE / AFP) (Photo by OLIVIER CHASSIGNOLE/AFP via Getty Images)
By Greg O'Keeffe
Aug 24, 2024
34
Save Article
There is a line in The Big Short, a 2015 movie about financiers who profited from the U.S. subprime mortgage crash, that makes you think about Everton.
Not because of the labyrinthine, murkily complex methods and unprincipled actions people take to make themselves lots of money. Not exactly that.
It’s this.
Advertisement
“People hate to think about bad things happening,” says one character. “So they always underestimate their likelihood.”
That reflection on a trait otherwise known as normalcy bias might be true for many folk, but not Evertonians.
Nobody who has been on the wild journey of fear and loathing that has sent this fine old club careering to unprecedented lows since Farhad Moshiri’s arrival, initially as co-owner, in 2016 could underestimate a single development anymore.
Perhaps they thought a fresh start was going to be possible with the potential new ownership of MSP Capital Sports last May? The New York-based investment company entered into an exclusivity period, only to withdraw from talks.
Then there was the drawn-out courting of 777 Partners, a suitor any capable due-diligence process would surely have quickly ruled out. That, too, ended in failure and damaging consequences that still feel only partially revealed.
Finally there was The Friedkin Group, which looked under the bonnet at the state of Everton, baulked and withdrew quicker than its chairman Dan Friedkin can fly a Spitfire.
John Textor is the latest suitor for Everton (Franck Fife/AFP via Getty Images)
Or take their tumultuous previous season on the field, soundtracked by November’s deduction of 10 points (though that was reduced to six on appeal) for PSR (profit and sustainability rules) breaches under the stewardship of now majority owner Moshiri. A setback bad enough for any club surely? Their on-the-pitch recovery seemed to merit some respite. Nope. Roll on a second deduction, of two more points, in April that pushed the club to the brink of their first relegation since the early 1950s.
So the luxury, conscious or not, of being able to minimise risk and threat has been largely jolted out of Evertonians.
After the 777 fiasco, each new interested party faces an instinctive wall of scepticism and fear unless, like the Friedkins briefly did, they manage to conduct themselves as potentially capable, responsible owners with a decent track record and good, sensible intentions.
Advertisement
In that light, what about the next saviour to whom Moshiri now appears desperate to hitch his wagon: John Textor, co-owner of Everton’s fellow Premier League side Crystal Palace?
Forgive the fans if they are not tingling with excitement.
Here is an individual who seemingly wishes to buy their club, but only next year, after a stadium refinancing deal is in place, and also only after he has managed to sell his 45 per cent shareholding in Palace. That’s a stake in the south London club which, confusingly, the American is so determined to sell that he… recently tried with one final bid to become Palace’s outright owner.
All make sense? No, me neither.
Again, you’ll forgive Everton supporters if they arch an eyebrow and wonder if there is game-playing going on here far removed from the proper, serious way to acquire a storied club such as theirs.
Ironically, The Friedkin Group seemed to do that, and their hasty retreat only left more worrying questions than it provided answers.
What of those answers? Evertonians have long since given up on getting any insight from the club’s Iran-born owner. Moshiri has abandoned meaningful interviews and communicates only in fits and spurts with the fan advisory board, inevitably failing to offer any true clarity.
Manager Sean Dyche watched Everton lose 3-0 at home against Brighton last Saturday on the season’s opening weekend (Carl Recine/Getty Images)
It leaves supporters vulnerable to their own imaginations, and they rarely imagine the best outcome. Why would they?
They worry, in Goodison Park’s emotive final season, whether their main source of hope for the future — the Bramley-Moore Dock stadium which, in fairness, has been largely funded by Moshiri — could become an asset that new owners in general (and this is not an aspersion aimed at Textor) could laden with heavy debt, or even sell.
They fret at the parlous nature of the current first-team squad, stretched to near breaking point already after just one game of the season.
Advertisement
They fear the last week of the transfer window before Friday’s deadline and, as the manager Sean Dyche conceded this week, having to sell their No 9, England international Dominic Calvert-Lewin, without having time to replace him.
And they greet each new twist in the club’s protracted takeover search with all the enthusiasm of a Brit staring at their unused barbecue, dreaming of a brighter day this summer to finally use it, while pulling closed their cardigan to ward off a pre-autumnal chill.
go-deeper
GO DEEPER
John Textor interview: His uncertain Palace future, Lyon battles and multi-club vision
(Top photo: Olivier Cassignole/AFP via Getty Images)
Greg O'Keeffe
Greg O'Keeffe is a senior writer for The Athletic covering US soccer players in the UK & Europe. Previously he spent a decade at the Liverpool Echo covering news and features before an eight-year stint as the paper's Everton correspondent; giving readers the inside track on Goodison Park, a remit he later reprised at The Athletic. He has also worked as a news and sport journalist for the BBC and hosts a podcast in his spare time.
"The best you can hope for is to die in your sleep." - Kenny Rogers (plausible Evertonian)
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Evertonian in NC
- Posts: 1096
- Karma: 489
Re: End of Moshiri - Friedkin Purchase Falls Through
(also, I am very, very annoyed that The Athletic mostly has taken Greg off our beat. It's too much misery for Paddy to carry all by his lonesome.)
"The best you can hope for is to die in your sleep." - Kenny Rogers (plausible Evertonian)
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Audrey Horne
- Posts: 6125
- Location: 53.4389° N - 2.9662° W
- Karma: 2519
Re: End of Moshiri - Friedkin Purchase Falls Through
Can't they just fold the club and let us start again with St Domingo in non league?
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blueforyou
- Posts: 1312
- Karma: 223
Re: End of Moshiri - Friedkin Purchase Falls Through
Vauxhall FC, nicknamed "The Scotties"
"And you can put that in your ******* black book"
Johnny "retaliate before tackled" Morrissey
BlueMyMind
Johnny "retaliate before tackled" Morrissey
BlueMyMind
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Cereal Killer
- Posts: 2570
- Karma: 870
Re: End of Moshiri - Friedkin Purchase Falls Through
“Ambitious Lyon have spent £115m on nine players - their biggest outlay for the past three summer windows”
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Kerryblueboy
- Posts: 2503
- Karma: 689
Re: End of Moshiri - Friedkin Purchase Falls Through
I used to think especially before dyche came in and since that a year in the championship might be ok get young players in the team get rid of all the big earners and reset then I think of Sunderland with their big new stadium going to league 1 and still haven’t got back others like Leeds and Sheffield Wednesday we need the takeover to go through and at least ease the off field tension that’s there
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Audrey Horne
- Posts: 6125
- Location: 53.4389° N - 2.9662° W
- Karma: 2519
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Audrey Horne
- Posts: 6125
- Location: 53.4389° N - 2.9662° W
- Karma: 2519
Re: End of Moshiri - Friedkin Purchase Falls Through
Is resident there, no income tax, no capital gains tax, no property tax and is about to have his wings clipped by Starmer as he will soon lose his Non Dom status for tax purposes in the U.K.
Re: End of Moshiri - Friedkin Purchase Falls Through
In fairness to Mosh, I would also rather be in Monaco than Goodison Park in his position right now.
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MayorFarnham
- Posts: 780
- Karma: 399
Re: End of Moshiri - Friedkin Purchase Falls Through
Likely he'll never set foot in the stadium he at least got off the ground.
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Toddacelli
- Posts: 1826
- Karma: 1866
Re: End of Moshiri - Friedkin Purchase Falls Through
Or my position, or most folks’ position tbf
Been away twice in the last twenty years and one of those was to sprinkle my dad’s ashes.