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Post by rugbytoffee on Aug 12, 2024 10:39:40 GMT
The Friedkin Group are still reportedly interested in being involved in an Everton takeover, reports suggest. The American firm, headed by Texan billionaire Dan Friedkin, pulled the plug to buy Farhad Moshiri’s 94.1% majority shareholding last month. The Friedkin Group were given exclusivity by Moshiri after several parties showed an interest. Friedkin did take on loans of £158 million that were leant to the club by MSP Sports Capital and local businessmen Andy Bell and George Downing, as well as lending the Blues around £42 million to help with running costs. Crystal Palace co-owner John Textor has confirmed he’s back in the reckoning to buy Everton from Moshiri. However, Italian newspaper Il Messaggero (via LaRoma24) has reported that the Friedkin Group - who own Serie A outfit AS Roma - would be keen to hold a 30% stake in Everton. INews reported over the weekend that Textor will have to pay back the £200 million to Friedkin ‘immediately’ if he was to complete a takeover - ‘or come to an agreement in advance of a deal’. It’s suggested that Friedkin would be open to negotiations in advance of a deal. Textor would first have to sell his 45% shareholding in Palace before he could purchase Everton. His company Eagle Football Holdings also own French side Lyon, Brazilian club Botafogo and Belgium outfit RWD Molenbeek. Meanwhile, a consortium led by former LA Dodgers general manager Kevin Malone have reportedly still to make up their mind about whether to make a fresh they. The group was in the reckoning to buy Everton before Friedkin was granted exclusivity. www.liverpoolworld.uk/
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Post by rugbytoffee on Aug 15, 2024 16:32:24 GMT
John Textor has stepped into exclusive negotiations to acquire Farhad Moshiri’s controlling share of Everton Football Club, as reported by David Ornstein of The Athletic. Textor, an influential figure in the sports world, particularly after his involvement with Crystal Palace, has committed to a potentially transformative deal for the Merseyside club. “American businessman John Textor has entered a period of exclusivity to pursue the purchase of Farhad Moshiri’s majority stake in Everton,” confirms Ornstein. Textor’s bid is not without its complexities. A major hurdle in his path is the Premier League’s regulations, which prohibit dual club ownership. “Any potential deal is contingent on the 58-year-old selling his 45 per cent stake in Crystal Palace, which he holds through his Eagle Football Group,” Ornstein adds. This rule ensures competitive fairness but poses a significant challenge for Textor, who must divest his interest in Palace to proceed.
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Post by jimmy on Aug 19, 2024 5:43:49 GMT
Textor isn't the way.
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Post by rugbytoffee on Aug 21, 2024 14:19:17 GMT
John Textor is in Liverpool to hold further talks with Everton owner Farhad Moshiri over a proposed takeover of the club, with a deal expected to be agreed by the end of the week. The American billionaire became the third party to be granted a period of exclusivity by Blue Heaven Holdings, the company that owns Everton, last week after renewing his efforts to purchase a majority stake in the Premier League club having initially been overlooked by Moshiri in favour of the Friedkin Group. They had agreed to buy Moshiri’s 94.1% stake but withdrew over concerns about the legal uncertainties surrounding the £200m in loans that 777 Partners, the first company to agree a takeover back in September, gave the club. It is understood that a £200m loan made to Everton by the Friedkin Group during their attempt to takeover the club is due to be repaid. Textor, whose Eagle Football Group already has stakes in Lyon, Botafogo Molenbeek and Crystal Palace, is understood to have arrived in London on Tuesday before travelling to Liverpool on Wednesday to meet Moshiri, with sources close to the deal anticipating that it could be agreed in the next few days. The terms are the same as in the offer made on 1 June in the previous round of bidding, with Textor understood to be confident that arranging a financing deal for Everton’s new stadium at Bramley-Moore dock could allow him to delay completing the takeover until as late as January. A potential complication could be the requirement of Textor to sell his 45% shares in Palace in order to comply with Premier League rules. A bid from compatriots Josh Harris and David Blitzer, who already own 18% stakes in Palace, for around £100m is understood to have been rejected. Three other investors are believed to have expressed an interest in buying Textor’s shares, including one from the Middle East and another said to be a sports-celebrity-backed group from the US. Last week the Palace chairman, Steve Parish, said he would not stand in Textor’s way after he paid £87.5m for a 40% stake in Palace in 2021 before extending it to 45% when he bought Lyon a year later. “He wants a club that plugs into that where he controls everything that happens. We don’t think that is right for us as a club right now,” Parish told the BBC. “We do collaborate with his clubs where we can. He wants to go and do something else, we’re helping him do that.” www.theguardian.com/footbal
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Post by halewoodblue on Aug 24, 2024 8:26:01 GMT
I am bored of this saga
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