End of Moshiri - Friedkin, APPROVAL AGREED

[4evablu]

so that'll be you not posting anymore then? Great.

WHY ? The penny dropped with me where everton are concerned about 1986 !!

[Kerryblueboy]

How much are we going to owe these guys if they aren’t successful in taking us over

[AjaxAndy]

How much are we going to owe these guys if they aren’t successful in taking us over

Nothing if they go bust... Can't help feeling they're a sinking ship and failing to take us over could see them in real trouble.

[Escalator]

Nothing if they go bust... Can't help feeling they're a sinking ship and failing to take us over could see them in real trouble.

We will go bust before them.

[Kerryblueboy]

Jesus if they are the best we can attract god help us if we go down we will disappear into oblivion

[Trowel]

The detail starting to emerge is starting to get interesting - I've summarised the important bits:

At the end of May 2023, MSP Sports Capital provided Everton with a much needed loan to assist with the payments to Laing O’Rourke for the works on the new stadium at Bramley-Moore Dock. On the 23rd May 2023 a new charge appeared on the Everton Stadium Development Company’s listing at Companies House. This charge was in favour of a company called Blythe Capital. Blythe Capital is owned by life long Evertonian and successful businessman Andy Bell (and his wife). Blythe acted, indeed still acts, as the security agent for a loan made by MSP to Everton Stadium Development Company.

As part of MSP’s security arrangements, it has long been known, but not reported upon, that Blythe Capital had a charge not only on the leasehold land containing the Bramley-Moore Stadium , (as seen here on Companies House) but also on the company used by Moshiri to hold his 94.1% shareholding in Everton – the somewhat ironically named Blue Heaven Holdings, an Isle of Man Company.

If the loan is repaid then Blythe/MSP fall out of the equation. The assumption is that the loan will only be repaid if all of the other conditions imposed by the Premier League on 777 Partners are fulfilled.

However if not (as I anticipate) then not only do 777 Partners fail to meet the Premier League conditions, but Blythe acting as security agents for MSP have the right to acquire a controlling stake in Everton Football Club should they choose to do so

In those circumstances MSP control Everton Football Club having 67,501 shares out of a total of 135,000 issued shares. Farhad Moshiri’s holding fall from 127,031 to 59,530 shares, ie he no longer controls Everton Football Club.

[Jimmywhack]

Should have posted this here rather than the other one, Sorry

[777Kidnappings]

Saw a story today suggesting that they might look to sell the stadium to the other investment group that failed against them. So 777 would own us and the other lot would own the stadium and we'd have fuck all

[MayorFarnham]

Saw a story today suggesting that they might look to sell the stadium to the other investment group that failed against them. So 777 would own us and the other lot would own the stadium and we'd have fuck all

What could possibly go wrong.

[Escalator]

Saw a story today suggesting that they might look to sell the stadium to the other investment group that failed against them. So 777 would own us and the other lot would own the stadium and we'd have fuck all

We have fuck all at the moment so no change there.

[Cereal Killer]

Saw a story today suggesting that they might look to sell the stadium to the other investment group that failed against them. So 777 would own us and the other lot would own the stadium and we'd have fuck all

Basically selling our own stadium just to fund buying us

Fuck these cunts right off

[Bluebridge]

We NEED to own the stadium, if there’s one thing we have going for us it’s this, it’s going to be key to getting out the ffp shit.

[777Kidnappings]

Basically selling our own stadium just to fund buying us

Fuck these cunts right off

I guess to be fair to them it's a stadium we've paid for with debt the club can't manage. Biggest cunts are the 1s who put us in this awful position

[TheRam]

We can’t sell the stadium.

There’s an agreement with peel that states everton must own the stadium for 200 years.

[Escalator]

We can’t sell the stadium.

There’s an agreement with peel that states everton must own the stadium for 200 years.

Yeah but if somebody buys EvertonFootball Club Ltd. Everton will still own the stadium even though the shareholders will have changed.