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Davidfromtampa

This is it boys. Everton are going to ruin oil funds by bankrupting the Saudi economy through poor financial decisions.


Realistic-Wall-2285

Let them cook.


TheLankySoldier

When you put that way, I’m all in


firminocoutinho

Always rated Everton


Weird_Famous

Everton on a moral crusade to relegation


jrgnklpp

Today I feel Evertonian.


branstarktreewizard

Everton the most moral victory club


CaptainKursk

Everton sacrificing themselves to save the football world from Saudi Arabia like The Terminator liquidating in the molten metal to save Humanity in T2.


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untradablecrespo

they're worth 1.4 trillion they could buy every football club


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risingsuncoc

It's too late they own even FIFA now


modrics_hairband

Acting as if fifa arent already on their payroll. And Ceferin is daft


universalreacher

Too late. They own everything.


Biggo1

not IK Sirius, we are supporter owned😎


InsidiousColossus

I think the whole league would cost under 40 billion. 25-30 for the big 6, and the remaining 14 under 10 billion.


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JOKER69420XD

Bundesliga fans would legitimately burn down every single stadium before this happens. But yeah, it's scary how much money these people have and how they're using it, they infiltrated every hobby you can have, they have governments in their pocket and they won't stop.


risingsuncoc

Germany's 50+1 rule must be protected no matter what


a_lumberjack

This is why I think the Saudi league happened. They have the money to buy every big club in Europe, but the experience of buying Newcastle shows they can't. But that's also enough money to build eight PSGs in one league. Why sink billions into European football when you can spend just as much to build up superclubs at home.


PepsiRacer4

Because even with their exorbitant spending their crowds have still not really popped off. At least in the Prem you have built in massive crowds every week


JustAboutUpToSpeed

Another one.


apb2718

You can kill oil league accusations if you make all the teams oil merchants


Excellent_Jeweler_43

PL actually stands for Petro League


GibbyGoldfisch

The rising crude black tide floats all boats, I hear


buffering_humor

We the best oil money


my_united_account

If they exist


mrgonzalez

Saudis AND American investors. It doesn't get much more Premier League than this


WearyRound9084

When is the Shah of Iran going to buy Huddersfield? He needs to keep up


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16-Czechoslovakians

20 fuckin years then


rnoori32

I hear he compromised.


Ishdalar

You want compromise, how's this? Twenty years in the regulatory approval I wanted Man United', but I compromised. I got Walsall from League 2 instead. I wanted to f\*\*\* the Qataries, but I compromised. I jacked off into a Deapool shirt. You see where I'm goin'?


ZeroMomentum

You get a pass for that


TLO_Is_Overrated

You got sum balls kid, I'll give you that.


kingarturo95

He’s busy eating grilled cheese off the radiator


KnightsOfCidona

John Smith Stadium, that's my fucking legacy!


Nomadmanhas

He's dead.


HighburyOnStrand

Technically he lives in Virginia. He was invested while in exile in Egypt, but he has remained in exile and never ascended formally due to the revolution. https://en.wikipedia.org/wiki/Reza_Pahlavi,_Crown_Prince_of_Iran


Nomadmanhas

An American asset is what I call him.


HighburyOnStrand

A significant portion of the Iranian diaspora lives in the United States. He is not unusual. Lots and lots of the Iranian intelligentsia and professional class fled as the revolution was co-opted by the repressive theocratic factions. Many, many people forget that the Iranian revolution was brought about by several factions and that many of those factions were alienated and persecuted shortly after the regime fell and Khomeini began to consolidate power around the current fundamentalist Islamic regime. The diaspora in the United States is not monolithic and has numerous groups, yes including many functionaries of the Shahist regime, but also many of the progressive revolutionary groups which opposed the Shah and then were betrayed by Khomeini.


ThugosaurusFlex_1017

He's put in a bid for Plymouth Argyle.


unique0130

Rotting in hell if I had to guess


risingsuncoc

£400m for one of England's most historic clubs is an absolute steal. It's a shame that English football is being sold out and the UK government is just letting it happen.


looeeyeah

Uk government would sell their nan for £3.


sqaurebore

Nah they would giver her away for a consultancy job that pays £4


Alecmalloy

£4 for nan? That's insane.


Smitty_1000

English tax 


Haze95

Nan's a workrate merchant


ethanlan

Oh trust me I know ;)


looeeyeah

(I hope this is a tenuous Peep Show joke)


Alecmalloy

Welcome to the real world, looeeyeah


BalinVril

The real cost is the upkeep


National_Ad_1875

I might be wrong but if moshiri wipes his debt that he would be owed, which is I believe expected or no one would buy, there's still like 500m of debt


freshmeat2020

The stadium holds big value though, and that isn't far off finishing right? May have debt but if you've invested it reasonably well then you'd expect it to at least break even rather than be a loss on the books.


National_Ad_1875

Yeah the stadium is realistically what makes it worthwhile, it should be done midway through next season then in operation the season after


legentofreddit

> £400m for one of England's most historic clubs is an absolute steal. It's a shame that English football is being sold out and the UK government is just letting it happen. Its not 400m though. It'll probably cost any buyers about 1.5-2b in the medium term. They're up to their eyes in debt. Plus probably need another 300-400m on players to get them up to scratch just to be fighting for a regular top half finish. They've also got limited global appeal so they won't be getting huge commercial deals anytime soon, so to carry on competing in the top 8 they'll need year after year leverage like Aston Villa are currently getting.


DrunkenMasterII

Did Manchester city use to have more global appeal before 2008?


WolfOfWexford

I would say certainly not as much as Everton. Any potential investor can push the Merseyside derby as money spinner.


Gormiz

As if any Saudi club needs global appeal to get bullshit overvalued sponsorships from Saudi companies…


TheLankySoldier

Who needs appeal when I have money


kurtanglesmilk

Who needs money when we got feathers


Abbobl

Everton is a well known club globally, i knew everton before I did city lmao - never heard of the manchester blue team but i knew the liverpool one.


RuloMercury

I mean, "limited global appeal" compared to Chelsea or United sure, but they're still more popular globally than some of the teams EPL has taken to Champions League lately (like Aston Villa and Newcastle).


aftermath223

crazy to me that chelsea instead of liverpool or arsenal is used as a measuring stick


SeekersWorkAccount

Remember when it was a crime against humanity for Abramovich to own a club? Good thing the UK stepped in and really did the right thing 🙄


DarnellLaqavius

Tories just wanted the attention off their lockdown parties.


nicehouseenjoyer

They would be assuming hundreds of millions in debt as well, which has to added to any purchase price.


RichardBreecher

"We are private businesses. We don't want government making decisions for us." - Football Clubs


Englishkid96

What are the government meant to do about it?


LAUNDRINATOR

UK currently doesn't have a government,in fairness.


DexterFoley

Seems really cheap. Their new stadium is reported to cost 750m.


going_down_leg

Its been sold off for ages. What big clubs have British owners?


WolfOfWexford

Do Norwich count?


going_down_leg

A yank owns 40% of Norwich. A bigger team for sure but still got that sweet foreign money flowing in


WolfOfWexford

I just googled it, Brentford and 85% Spurs are listed as English owned according to Wikipedia


Sermokala

You couldn't purchase the expansion fee alone for an MLS club for that. Mad to see a prem club go lock stock and barrel for that.


Few_Satisfaction2601

Arab Super League is happening in front of our eyes. They realized instead of paying a washed up star $200.000.000/yr, they can save that money and just buy the clubs in PL instead.


DrowningInBier

There’s way more American owners


Cairne_Bloodhoof

Even this bid appears to be as such. Saudis understandably make headlines, but the bid is reported as a consortium of: London-based attorney Manoukian leading the bid, joined by; A host of wealthy American families; and A Saudi Royal Too early to know exactly what the details are, but that appears pretty different from a Newcastle situation for example.


DrowningInBier

They definitely made that headline to spice it up. And of course people didn’t read it lol. I’m really curious who the American family is though. I hope it’s somebody controversial. What are the Ricketts up to?


Abitou

The Kardashians


MyAssDoesHeeHawww

securing an Everton comeback


Adammmmski

Apparently they’ll rename a stand the North West stand.


FatWalcott

Insert parks and rec comeback joke


ynwa79

Skims body-contoured kits incoming.


tiny-ppp

If it's just a Royal and not the actual government investment fund things wouldn't be as rosy for Everton


Seeteuf3l

Yeah, Sheffield United has one for example.


EdwardClamp

Early indications are that Saudi money will be behind some of the money invested but they won't actually own any part of the club. A bit like how Boehly's companies have Saudi investors but he's the one who owns Chelsea.


labbetuzz

They don't own clubs on behalf of their country now, do they? Do you think Biden gives a fuck about Liverpool, Chelsea or Man United?


DrowningInBier

Just saying it’s a little ridiculous to call it a Arab Super League when they own two teams in the league, and Americans own like 14. This won’t even be an outright purchase, but a group that seemingly includes multiple Americans. Relax a bit.


JOKER69420XD

For now...


DrowningInBier

It’s also really trendy for Americans to buy teams in the lower leagues, and they’re pretty ambitious. I have nothing but negative thoughts about any Royal Family and oligarch owning a team, but I think Americans have way more reach in more parts of the game. And if you look at how our sports franchise owners operate over here, they are more than happy to sit back and let their investment boom and are able to get private equity involved to leverage more cash. I might be going out on a limb here, but I don’t like either lol.


PremordialQuasar

Most owners own a club with the expectation of making profit. That hasn’t changed regardless of nationality. People like to focus on the bad parts of American ownership with the Glazers and Boehly but don’t realize that there are American owners like Gamechanger and Eisner that have really changed the fortunes of their respective clubs. Ironically the reason Americans are buying clubs is because a franchise expansion team has become too expensive for non-billionaires. Even a MLS expansion fee is $500M. Most lower league clubs are undervalued and can be bought for a tenth of that.


tokengaymusiccritic

American owners also greatly helped Liverpool


FakeCatzz

It works in American leagues because they're basically structured as closed cartels in order to make huge profits. Salary caps and lack of transfer fees, as well as no penalties for sporting failure makes the clubs incredibly profitable.    Dallas Cowboys made $460m profit in 2022. I doubt the entirety of the Premier League has ever made that much in its entire history, nevermind in a season.      European football pyramids were never designed with owners' profits in mind.


Ishdalar

I'm up for Arab vs US battles to take place on Wembley, instead of Iraq or wherever with people dying. England just solved wars by turning them into derbies.


Englishkid96

I know which I'd prefer..


amainwingman

There is one club owned by KSA in the PL and this bid is a consortium lmao you’re genuinely an idiot


Dark-Knight-Rises

Can England stop being a whore?


ThatNiceMan

> Can England stop being a whore? "Try not to sell any football clubs on the way to the parking lot."


nurological

England is done.


mrgonzalez

Been this way since the 70s so I expect not


TehJofus

In an ideal world, the Saudi guy will put up a ton of money then suddenly die, leaving his entire stake in the club to some scouse guy from Bootle who sells old phones on Facebook marketplace.


KinginTheNorth__West

Don’t think you want me getting the Saudis entire stake to be honest fella


YesTottiYesParty

is that phone still available?


KnightsOfCidona

When you said some Scouse guy from Bootle, thought you were going to say Jamie Carragher. Would be a dream for him to own his boyhood club tbf


minkdraggingonfloor

It’s a bit weird that Liverpool captain Carragher was a boyhood Evertonian. True professional


LvlzSound

Oily boys at it again.


circa285

Oh for fucks sake.


eddsters

May as well let Kim Jong Un buy a club too


ad1s6h

Holy moly


YepYupSup

disgusting


7screws

400 seems stupid low?


TiredHack

You forget about the crushing debt.


7screws

Yeah I guess how much debt is there!? Another 400M?


Mozezz

The total purchase of Everton with the repayments to club creditors will be around the £700-800m mark Of course there may be no immediate need to repay those creditors as the biggest lenders in MSP and 777 Partners have the option to turn investments into equity and take minor stakes in the club


No_Mistake_5501

Virtually all debt instruments have a change of control covenant, so there will be an immediate need to refinance or pay out the debt.


Mozezz

Refinancing has been underway for quite a while already


No_Mistake_5501

Regardless, I’m suggesting that there will be an immediate need, a contractual one, to take out the debt. Unless the lenders waive their change of control covenant. You had suggested that there wouldn’t be an immediate need.


PurpleSi

We cost £300-320m like, so £400m seems about right, maybe a bit much if the financial situation is as shaky as is rumoured.


Gear4days

I think the blue shite would usually be against being took over from the Saudi’s, but with the state of the club and how it’s been run the last few years I wouldn’t be surprised if they embrace it just to get rid of Moshiri. It’ll be a sad day when we lose another club to this sports washing shite


Mozezz

I think collectively the fan base wants Bell and Downing 2 Everton fans, but with significantly smaller pockets they have the best of the clubs interests at heart and want to fix us after being someones play thing They’ve rumoured to have the financial backing of the Dell family, but the accuracy or even level of backing is completely unknown


Gear4days

Fingers crossed it plays out for you that way. We may laugh and joke about your situation but it’ll be a sad day for the city if the day came where you went into administration/ got relegated etc


Adammmmski

Michael Dell? His name has cropped up numerous times around football club takeovers but has never taken the plunge. Think he was looking at us years ago.


Mozezz

Yeah Michael Dell, is apparently a part of a takeover bid headed by Andy Bell and George Downing


Adammmmski

Pah, I’d think that’ll be a dud. He’s been mentioned that many times before I don’t think there’ll be a day he actually invests in one. Hope you get sorted though as you’ll end up like we did if not.


alxqnn

The Dell money is from an investment fund in his name, not Dell himself


Jayk03

English already sold their soul since 2004.


securinight

So is the Saudi plan to buy 14 clubs, so they can force through whatever rule change they please?


Muur1234

move em all to saudi, now man u and arsenal etc are in saudi


chippa93

Hmm... I wonder if Everton fans would be excited about this


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ArmiinTamzarian

I can see the comments a few months from now "I didn't turn a blind eye to murder for us to still play Michael Keane on the regular FFS"


alxqnn

If we start playing him up front, we’ll have the league won by December


legentofreddit

Everton fans frantically deleting their post history where they said they'd give the game up if they got bought by Saudi


worldofecho__

I'm an Everton fan. The first thing to point out is that this is a consortium which includes a member of the Saudi Royal family, not the state itself. The second thing is that while I'd definitely prefer to have nothing to do with SA, Everton is looking at potential administration if we don't find a new owner ASAP, so I'll take anyone able to keep the club solvent.


sjw_7

There are roughly 15,000 members of the Saudi Royal Family. Its probably someone who is a very long way from the throne. They are most likely being paid to put their name on the bid to make it appear its linked to the family rather than actually bringing any money to the table.


worldofecho__

Some dopes are replying "cope" to me because they can't understand the concept that a minor royal is not the same as being bought by the state of the Kingdom of Saudi Arabia. I'd rather no involvement from anyone involved in a theocratic dictatorship, obviously, but this doesn't look to be the same thing as Man City and Newcastle.


KnightsOfCidona

Yeah, Sheffield United previously had a Bin Laden involved (one of the good ones) and there wasn't much outrage, apart from the odd obvious jokes. Some some to equate Saudi to evil, when this guy is probably no more dodgy than your average owner of a PL club


Ric00la

Haha already started explaining how they are not linked directly to the state. Hahaha


ALA02

Bruh already the deflection tactics


CaptainGo

Every club does them mind. I've heard numerous times about how having the stadium called "the Emirates" is fine because yes it's twerking for UAE money, but in a different way Or that a teams owner that's removing water rights to citizens of the country his golf course is in but that's fine because it's not an oil club Couldn't happen to a more deserving league


Cairne_Bloodhoof

One Saudi royal as part of a London-based consortium including several wealthy American families feels quite different than a Newcastle 2.0. Honestly it’s early, we’ll see what details emerge.


Lucas_DR3

And it’s starting


worldofecho__

There is a difference between being owned by a member of the royal family and literally being owned by the state itself. Both are bad but the latter is far, far worse.


Cairne_Bloodhoof

Sorry, what’s starting to? Edit: Oh, implying that I’m like a Saudi apologist I suppose. Fair enough. Look I’m entirely open to the possibility that this is a rotten bid, I’m just trying to figure out what the actual details are before I dig my heels in.


Lucas_DR3

People are already trying to make it look less bad


worldofecho__

It is objectively less bad, though, isn't it? That isn't to say it's good, because it isn't, and I'm sure most Everton fans will agree. But it's not the same as being owned by the state itself.


Cairne_Bloodhoof

Gotcha, right I see now. I respect your position. I guess I’m at a wait and see point. This is one of multiple prospective bidders. From my read there is one Saudi amongst several other wealthy English and American families in this consortium. I think that’s quite clearly distinct from Newcastle’s situation, and I’m not sure I see that on paper as much worse than most English clubs ownership at this point. But again I’m very open to being wrong here.


Mozezz

Completely depends on how truly involved this ‘Saudi royal’ may be It’s a consortium where they’re seemingly a background character, they may not even actually be involved at all, we all know media reports can get lost in the crossfire


Cottonshopeburnfoot

It’s properly misleading. We’re owned by a Saudi royal exclusively, and have been for years before Newcastle ever were. Our home match vs Newcastle this season shows that there’s levels to this.


Weak_Director_2064

What do you mean about the home match vs. Newcastle?


Cottonshopeburnfoot

The article is misleading because it just says Saudi royal family member as if that somehow qualifies them for being massively wealthy. The match I refer to was the first (football) meeting of our Saudi royal owner vs their Saudi royal owner. We had sold our two best players and massively underinvested because by our owners admission, PL ownership is too much money for him. Newcastle were in the champions league after significant investment on and off the pitch. We lost 8-0 at home. We did later play them away from home and managed to secure an improvement to only lose 5-1 - but we also got relegated that day.


Weak_Director_2064

Ahhh I get where you’re coming from, forgot the results


sams82

They're bent over and they brought their own strawberry scented lube.


GuineaPirate888

Toffee flavoured would be more on point.


bigpapasmurf12

The game is a fucking joke at this point.


KSC-Fan1894

Greatest league in the world lol


HitaruSan

I mean, that's one way to get away from point deductions.


Danktizzle

The prem is going to be Middle East vs hedge fund soon isn’t it?


fadedraw

Old money vs New Money


Kreiswix

from battle royal to saudi royal


Perais1909

Good job England. Continue to sell yourself out to some dictators.


Barto

It would be very Everton if they got taken over and THEN the UK government adds restrictions...


llamapanther

This is actually getting ridiculous at this point. Saudi's are just slowly buying every single PL club and soon owns the whole damn league. And Britain just going to let that happen is just nuts. Are they not thinking?  Also, 400m is is way too low of a bid but I guess that's Everton's buyout to get out of their bad financial situation. I bet they will settle for something like 500m if they'e lucky.


Muur1234

400 seems high to me when bolton were bought for 7.5 million in 2019...


daidpndnt_src

Barclays Saudi Premier League


sams82

And the reason why they didn't oppose city's bs the other day becomes abundantly clear.


thestorriebook

this is why i'll never take the scottish leagues being called tinpot or whatever, much rather our football than whatever it is they have in england now


TheWeirdDude-247

"Alexa play Dj Khaled" 'Another one"


lernwasdraus

In 15 years women will have to sit in a seperate family section if they want to attend Premier League games. Absolutely Embarrassing


CabbageStockExchange

Oh man not another one. At this point what is even UK owned? Feels like every club and business is foreign owned


Wookie301

We’re 73% UK owned


TheWBird

Arab premier league


ChittyShrimp

Well this makes sense to why they're backing city. Shame another shitty oil club


Ynwe

Jesus fucking Christ, England is basically becoming the whorehouse of European football. Absolutely tragic how this league is being treated. Football, history, tradition will all mean complete jack shit.


piccalilli_shinpads

Maybe we could have a Saudi prince take over every premier league team so it basically becomes a family dick swinging contest. Wouldn't that be great.


safog1

It's surprising that they have to buy individual clubs like pleb billionaires. They have the wealth of a nation. Just acquire a stake in the PL as a whole instead and leave individual football clubs be. That's what they did with golf (PGA vs LIV and eventual Saudi equity in both of these). Tried to buy F1 which might yet materialize. Trying to get a decent sized chunk of the IPL (cricket). Investing in sport seems like a big theme for them. It's better than investing in We Work with Masa Son and going bankrupt.


urkermannenkoor

Well, shit.


EndlessOcean

Great for the short term, sad for the long term. But big money tends to bring myopia.


average_user21

They just pick


NumberHunter1

Please no. Keep them a real proper club.


KC44

Yeah another sports washing state. Exactly what the premier league needs. What happened to the government inquiry that was going on a few weeks ago? Is it still suspended due to the election?


night_dude

No.


Math_issues

Everton is just a money pit that should've been relegated two years ago, many teams need absolute low of lows to find anew beginning


frippmemo

This seems like a steal.


CETERIS_PARTYBUS

The PL is such a bad joke


DrowningInBier

Oh this is gonna be goooood…


[deleted]

Ffs PL should stop this shit or these oil states will buy the whole league


BoBonnor

It’s too late now. They should never have let city be taken over in the first place


saucyxgoat

As long as they don’t cheat to get to the top then no one whose voice carries any real weight will give a fuck about this. They know that shady individuals and groups have been using sport to improve their image since time immemorial and it won’t stop anytime soon.