"WHY SHOULD THEY?" Simon Jordan EXAMINES Everton being put up for SALE by The Friedkin Group!
Simon Jordan on the Friedkin Group selling Everton: It was always a business deal
talkSPORT discusses the Friedkin Group looking to sell Everton. David Moyes says he was surprised, while Simon Jordan argues it was always a commercial investment, the Friedkins stabilised the club, and they are entitled to cash out.
- He was surprised the Friedkin Group is looking to sell so soon and expected them to stay for a long time — They only came in about 18 months ago and most people expected 20 to 30 years; after the transfer window he felt he had already seen signs and Evertonians can now see it too.
- Moyes claiming he saw the sale coming after the transfer window is rubbish; he knows no more than anyone else — His logic is simply that he did not get exactly what he wanted, so he is reacting to the window.
- The Friedkin Group bought Everton as a commercial proposition, and anyone expecting otherwise is foolish — Daniel Friedkin owns Roma and knows football; they have no local connection or reason beyond the commercial opportunity; it was a business deal.
- An owner's attendance does not prove whether he is good or bad; the Friedkins never pretended to be lifelong Everton fans — Man City's owners rarely attend either; being present does not equal good ownership; this was always a straightforward commercial proposition.
- Owning a football club is a thankless task, so if owners get a chance to get out and make money, fair play to them — Only players, managers and to some extent fans enjoy it; owners are always told to spend more and then criticised, so they cannot win.
- The Friedkin Group have not treated Everton badly; they stabilised the club and left it in better shape than Moshiri's last few years — George Downing put money in to stabilise the stadium project and the Friedkins paid him back; they removed Moshiri and his mess and brought Moyes back.
- Owners should not be judged by a different standard for cashing out; players, managers and agents can leave and make money, so owners should be able to as well — Players who leave two years into a contract are not vilified; success is credited to managers and players, while failure is blamed on the owner, which is unfair.
- Fair market valuation is whatever someone is prepared to pay; buying for 400m and potentially selling for 800m would be good business — The usual metric is about three and a half times earnings; Palace tried to raise money on a 900m valuation, and Everton are a bigger club than Palace.
Simon Jordan and Jim White discuss Everton being put up for sale by The Friedkin Group. Subscribe: https://youtube.com/c/talkSPORT?subconfirmation=1 🏆 Ready to win? Check out the latest prizes at talkSPORTwin.com Enjoyed this YouTube video? 😍 🖥️ talkSPORT's Website: https://talksport.com/ 📲 talkSPORT's X/Twitter: https://x.com/talkSPORT 📷 talkSPORT's Instagram: https://www.instagram.com/talksport/?hl=en 👤 talkSPORT's Facebook: https://www.facebook.com/talkSPORT/ 📱 talkSPORT's Tik Tok: https://www.tiktok.com/@talksport ? 🔴 Download the talkSPORT app HERE! - https://talksport.com/apps/ 🔎 Want to see if you feature on our YouTube channel? Check out our Best talkSPORT callers playlist: https://www.youtube.com/playlist?list=PLFVMnSsi04LGLa9pS9xDvme-Gjmlu2 everton talkSPORT PremierLeague
Transcript
The Friedkin Group, the owners of Everton Football Club, now looking to sell the club less than two years after taking over from our old chum Farhad Masheri. Houstonbased company confirmed in a statement Friday it was seeking fresh investment in Everton. But, and this is a crucial part, it was also open to relinquishing control should a suitable buyer be found. Simon, you all say, "Well, every club's for sale." It seems that Everton is, but it surprised David Moyes. Yeah. Yeah. I was surprised because it, you know, they'd only came in a year and a half ago and so I don't I think most donors come in a lot longer than that. I think we all were expecting them to be here for the next 20 30 years, however long it may be. Uh yeah, so so pretty surprised, but maybe after the way way things uh sort of worked out uh over the transfer window, I probably was seen through it a little bit a bit before that. So, and I think it's probably there for all Evertonian Evertonians to see now. >> Oh, yeah. Yeah. I'm sure you I'm sure you saw straight through it. What do you mean? >> What a level of rubbish. He doesn't know what's going on any more than anyone else did. What? What? Because because they didn't give me exactly what he wanted. That's his logic. I didn't get exactly what I wanted. So, I knew they were going to sell. >> Well, he's giving a reaction to be fair to David. Really? Is he not? What do What do you read into it? Good luck. Because the freak group arrive. >> Good luck to him. and they know their way about football, the owners of Roma. So then they arrive off the back of Farad Masheri and and we know what Farad used to say on this. They stabilize it, didn't they? Whatever you may think about it, anyone that actually thought somebody that doesn't come from that neck of the woods, has no reason to own their football club besides a commercial opportunity, has any other interest in the commercial outcomes. He's a bloody fool. Grow up. What did you think? Daniel freaking owns Roma. What did you think? He suddenly woke up and I know I'm in love with Everton. I know I'll go and buy Everton, empty the entire contents of my wallet out of there, get booed at the end of it and told what they think of me and leave with my ass in my hands. No, he's a business deal. They did a business deal and they've made they'll make some money out of it and the next guys that come in, if they manage to find an output deal, if they do sell all their shares or they find themselves in a different situation where they've reduced their own exposure, we'll have the next opportunity. >> You gave it 10 years of your life at Palace for me because you wanted to make Palace a better club. >> More for me, right? If I knew then what I knew now I sold it on day two. >> But can we take it the freaks weren't interested on what they did at Everton? >> No. The what? First of all, he's not even I read I read an article the other day with artificial outrage about the amount of times he's been more he played more rounds of golf in the Dunhill links masters whatever it was than he's actually been to Goodison Park. Well, Man City haven't been to Man City very often has he? >> The the the Hill Dickinson stadium do you mean? >> Yeah. No, no, no. But man, no, he plays this. Daniel Finick was playing in a golf tournament the other day, wasn't he, with Tommy Fleetwood. Correct. And they were saying he's played more in that tournament than he's actually been to Everton. Right. >> Right. And Mansu has hardly been to Manchester City. By being present doesn't necessarily mean you're a good owner or a bad owner. Once upon a time, everyone thought Shake Manu was the blueprint for best owners. Now they've got a different view because of the recent circumstances. But as far as this is concerned, this was always a straightforward commercial proposition. It was never dressed up as anything else. They never walked around turning around and saying, "We're lifelong Everton fans and all we want to do is regenerate the area." >> They didn't do that. But they could they could have shown a we we would take this club. >> Why? Why should they? >> To to to further heights. >> Why should they? >> But why shouldn't they? They'd lived through Farhad. Before that, we heard about Josh Wonder and the 777 partners. >> Yeah. The >> fans are thinking, "Well, who the hell wants a club? And what are they going to do with it?" >> Well, that that's and that's their entirely their prerogative. And and what I what I can tell you is if you own a football club, it's a thankless task. If you choose to take it on, if you got an opportunity to get out and make some money, then fair place you shapo. I'll celebrate you all the way to the bank because I see it for what it is now. It is the only place that football is enjoyable is for the players, the managers, and to some extent the fans, anyone else, it's a buggers muddle. Why would you want to do it? It's a it's a road to degradation because all you'll get told to do is spend how much money you can possibly spend. And when you've spent not quite as much as they think you should, they'll tell you what kind of person they think you are. And so, you can't win. So, don't try to. So, these guys have come in. I know it's in people's minds is not right, but it's a business transaction. They bought a football club and look at the positives as a result of it. My friend George Downing put a load of money in which stabilized the ability to be able to complete the stadium project otherwise it' have been banging trouble on that one because it would have gone through the ceiling and costs. The freaking group paid George back. They got rid of Masheri and his clown college that was making a mess of Everton. They've stabilized it. They got Moises back in. And now if they want to go and someone else wants to have the ambition to take it further, who cares? Why >> the freaking group they told have the ambition to take it further >> and they've taken it as far as they want to. So why is it only players that can leave and managers that can leave and everyone else can make money? Agents can make money, the players can make a fortune, the managers can make a fortune, two years. So what so when a player sign is when a player comes to you and plays for a couple of years and then decides to leave two years into his three-ear contract, why isn't he vilified and castigated out the door? They're not often. and they just said, "Oh, that's the way that one goes. We move on." So, why are owners treated by a different metric? I think it's unfair. I would because I was a previous owner. I understand that owners have control over the direction of travel. They get none of the rewards that, you know, the irony about success is they say in life that failure is an orphan. It's not. Success is an orphan because the only people that are responsible for the success in a football club are the manager and the players. When it comes to failure, then in comes the owner. It's his fault as well. Not just the players. It's him that gets all the blame. >> You realize it is such a hell of a life being annoying. >> Miserable. >> Terrible. It's miserable. And the best way to be an owner is to have gazillions of pounds, not care about your money, and just be able to sit back watching it from a foreign country. Then you then you've got a situation where you don't get dragged into the conversations that you get dragged into. Now, as far as this ownership are concerned, if Frekin wants to sell it and make some money on it, and the industry allows it to happen in terms of the scale is there and let the next guy come in, treat Everton properly. The freakans haven't treated it badly. They've stabilized it. It's now in a situation where it's in a better condition than the two or three years previous that Masheri had made a holix of it. >> Okay. What's a fair market valuation? >> Someone's prepared to pay for it. >> I mean, it's reported 800 million. >> Well, the the usual metric is about three and a half times earnings, isn't it? Palace have just tried to raise money on the back of 900 million quid. What's a bigger club, Everton or Palace? >> Okay. All right. I think they bought it for they bought it for 400 and they could end up selling it for 800. Not bad business, is it? It's like buying a player for 5 million and selling for 50 a few years later. >> Yeah. >> Goes that way sometimes. >> Owners. Don't you just love them? Your heart bleeds for them.