The Friedkin Group (They're selling up)

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Re: The Friedkin Group

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TheRam wrote: Thu Sep 03, 2026 9:46 am

Bring on the next billionaire scumbag then.
Ah, so not just looking for investors into a consortium, like the FT made out.

Stadium built and raking it in. Law suit paid for and finished. Finances showing we aren't going to get hit with any points deductions.
Job done, time to cash in.

Fine.
Let's spin the wheel for whatever flavour or fuck-up we're in for next.
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Re: The Friedkin Group

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From what Baz at Toffee TV says, it looks like Kinnear wasn't intentionally lying in that round of interviews. He was saying what the club was trying to do, and then the owners pulled the funding after the interviews, tried to sell Armstrong and made him look like a right cunt.

Still doesn't excuse the ineptitude on deadline day like, but the owners have probably put him in a terrible position.
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Re: The Friedkin Group

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Knowing our luck it’d be someone like Trump or Musk 😩
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Re: The Friedkin Group

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NickNack wrote: Thu Sep 03, 2026 9:52 am Knowing our luck it’d be someone like Trump or Musk 😩
Nah if it was DT Balogun would've signed on
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Re: The Friedkin Group

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Interesting that they’re choosing to keep Roma but sell us.
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Re: The Friedkin Group

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They're not flipping it though are they?

They are realising some of the value that they have in their asset. They bought it as a distressed sale, stabilised it and are now extracting some of the capital appreciation.

It's what any sensible person in that position would do.
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Re: The Friedkin Group

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Bluedylan1 wrote: Thu Sep 03, 2026 9:52 am From what Baz at Toffee TV says, it looks like Kinnear wasn't intentionally lying in that round of interviews. He was saying what the club was trying to do, and then the owners pulled the funding after the interviews, tried to sell Armstrong and made him look like a right cunt.

Still doesn't excuse the ineptitude on deadline day like, but the owners have probably put him in a terrible position.
How much of that is Baz and Toffee TV feeling like they're mates with him and making excuses for him though? And where are they getting this information from? And why did he decide to do those interviews in the first place when it could only ever backfire?

Kinnear was a blagger at Leeds, he's shown himself as a blagger at Everton and I'm sure he'll do the same at his next job.

Those interviews were as naive as Moshiri phoning up Jim White on TalkSport
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Re: The Friedkin Group

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TheRam wrote: Thu Sep 03, 2026 9:54 am Interesting that they’re choosing to keep Roma but sell us.
I think smaller amounts of money go a lot further in Serie A.

They can spend £100m here and there, and get Roma regularly in the CL, with the revenue that then brings in. You've got to spend hundreds of millions in the Prem to keep up with the promoted teams.
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Re: The Friedkin Group

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YES!

RUSSIAN ROULETTE FOR NEW OWNERS AGAIN!

As bad as this window has been the Friedkins have been pretty beige.

Are we going to get a grade A idiot like Mosh financed by a Russian oligarch again?

maybe a more reputable criminal organisation than 777? What are MS13 investing their I'll gotten gains in these days?

Maybe it's best to stick with what we know and have a former Corrie actor run us into the ground?

Totally left field option... Burnham nationalises Everton FC
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Re: The Friedkin Group

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Shogun wrote: Thu Sep 03, 2026 9:57 am How much of that is Baz and Toffee TV feeling like they're mates with him and making excuses for him though? And where are they getting this information from? And why did he decide to do those interviews in the first place when it could only ever backfire?

Kinnear was a blagger at Leeds, he's shown himself as a blagger at Everton and I'm sure he'll do the same at his next job.

Those interviews were as naive as Moshiri phoning up Jim White on TalkSport
I get why they’ve done it, but they’ve massively let themselves down interviewing him.

Fan channels should be totally independent from the club to hold them to account.

Both Ped and Baz have spent years bemoaning the media not asking tough questions then allow our CEO onto their channel to blag them and are now constantly defending him.

Baz lost it yesterday and offered someone to meet him at the game for being called out on it. Cracking content to be fair.

Fully believe the owners are selling up but Kinnear should not go blameless in all this.
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Re: The Friedkin Group

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Shogun wrote: Thu Sep 03, 2026 9:57 am How much of that is Baz and Toffee TV feeling like they're mates with him and making excuses for him though? And where are they getting this information from? And why did he decide to do those interviews in the first place when it could only ever backfire?

Kinnear was a blagger at Leeds, he's shown himself as a blagger at Everton and I'm sure he'll do the same at his next job.
Oh I'm not defending Kinnear. I don't think they're mates with him either. He did interviews with Bobble and Giulia as well. Baz worked at the club for years and years, and clearly still knows people involved and working there. I don't think there's any doubt about that.

I think the logic that supports Baz's opinion is - why would any person, even a moron, come out with three interviews with various local media saying ''we're going to do x, y and z'' a week or two before they don't do any of that? If you weren't going to bring players in, you just wouldn't do the interviews at all. There was no requirement to do them.

The other thing on top of that is that multiple sources reported than the Friedkins stepped in to sell Harrison Armstrong and both Moyes and Kinnear were arguing strongly against that.

I think Kinnear is ultimately just a puppet for the owners, and he'll get paid very handsomely for being the public face of the about-turn the owners have done.
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Re: The Friedkin Group

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Wonder if this opens the door to Andy Bell and George Downing again?
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Re: The Friedkin Group

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Did say TFG had pulled the funding. Was really fucking obvious, imo.

As for Baz; well, he did make a pretty impassioned speech/rant about it all this morning. Said it’s laughable he’d sell out his 50 years as an Evertonian just for an interview. He’s been pretty critical of Kinnear from what I’ve seen but has said all along it goes above him.

I guess fan channels are damned if they do and damned if they don’t. Maybe in future they draw a distinct line and not have people on from the club. You can only take these people at their word but you’re going to flak either way as you’ll be seen as cosying up to the club.
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Re: The Friedkin Group

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It's entirely possible that they're just selling a stake, that would update the valuation and therefore increase your line of credit (roughly 1/3 of asset value is the norm) and make any debt more servicable.

We were probably valued at about £400m when they bought us, but even in 18 months they've steadied the ship so we're no longer a distressed asset and the money in the league has grown further increasing our value. In theory we could be valued closer to the £600m-£700m range now.

Edit: Just checked and Forbes has us at £688m now https://www.forbes.com/teams/everton/
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Re: The Friedkin Group

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We don't want additional investors, sell up and take your profit.

Hopefully by next summer/season we have bettter owners.
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