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[@theesk](/creator/twitter/theesk)
"@mark1_1878 This is very good news for Everton it confirms Friedkin's desire for Roundhouse to be further investors in Everton. As is always the case non participating investors rightly get diluted with every additional share issue"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948633991851987388) 2025-07-25 06:38:42 UTC 29.5K followers, XXX engagements


"This week's Talking the Blues Podcast with George & @AndyCostigan1 . Plenty from George and Andy on progress so far this summer then a really interesting discussion on how fans need not only be engaged but part of governance related decisions. All in all a super conversation this week on TtB hope you enjoy it as much as we did"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1947711422869475349) 2025-07-22 17:32:44 UTC 29.5K followers, 4800 engagements


"It is also likely that the two shares have been issued in the name of Roundhouse Capital rather than Everton Football Club Company Limited. From a future external investment perspective it makes sense to make Roundhouse the majority owners of EFCW rather than Everton Football Club itself"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948783539350057372) 2025-07-25 16:32:57 UTC 29.5K followers, 3974 engagements


"Non-Everton post so I appreciate it will not be for everyone but here's Part II of my stroke journey - some personal thoughts about the cognitive changes & the importance of support"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1949010872745042400) 2025-07-26 07:36:17 UTC 29.5K followers, 7608 engagements


"Latest from The Analysis Series: Premier League Clubs' Earnings from UEFA European Football Competitions (2010-Present) - how European qualification is stacked against the challengers (including Everton)"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948108160666923068) 2025-07-23 19:49:14 UTC 29.5K followers, 6123 engagements


"Thinking about EFCW Ltd further two points to make - the 4m spent on the X shares most likely represent a cleaning of the balance sheet to enable future investment rather than reflecting the current valuation. If we were to look for new investors that makes a great deal of sense"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948783536783217073) 2025-07-25 16:32:56 UTC 29.5K followers, 11.6K engagements


"Since 2010 XX Premier League clubs have completed in European competitions. Between them the bottom seven generated slightly more than 100m in payments from UEFA. Liverpool Man City Man United Chelsea Arsenal & Spurs have shared close on XXX bn"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948211112593195311) 2025-07-24 02:38:19 UTC 29.5K followers, 5780 engagements


"The Friedkins ability to inject fresh capital is not a get out of jail free card re future spending. It just means the cost of capital is born by the Friedkins not the club unlike a shareholder loan. The same limits apply on how much we can spend. Those limits linked to our P&L"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948612674746810593) 2025-07-25 05:13:59 UTC 29.5K followers, 13.5K engagements


"@chrisando1985 Very good question Chris I'm assuming the larger figure represents the sum required to repair the balance sheet. Selling the lower valued share to a future investor would maximise the future profit"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948981680917602348) 2025-07-26 05:40:17 UTC 29.5K followers, XX engagements


"Letter to Everton shareholders confirming that the directors of the club will have the right to allocate future shares directly to Roundhouse. This confirms it is the Friedkins intention to invest further capital into the club in the coming years"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948047400502739425) 2025-07-23 15:47:47 UTC 29.5K followers, 44.6K engagements


"@mark1_1878 Acquiring the fresh capital through equity has no cost to Everton therefore no impact on PSR. Spending that capital on transfer fees and wages has full PSR implications"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948633416930410798) 2025-07-25 06:36:25 UTC 29.5K followers, 1272 engagements


"How much capital and when is not known. The issue of upto an additional XXXX million shares to Roundhouse will of course increase their % making it higher than the XXXX% they already own leaving smaller shareholders with perhaps as little as 0.27%"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948047403879145793) 2025-07-23 15:47:48 UTC 29.5K followers, 4514 engagements


"As a follow on to my detailed notes on The Friedkin multi-club operation I have produced an additional piece including Pursuit Sports and Dave Beeston"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1946176075366535459) 2025-07-18 11:51:49 UTC 29.5K followers, 6901 engagements


"@GiuliaBould @Barry1878 @colingeorgerice Giulia if you don't mind me saying so you are confusing price with value. The price X shareholders wish to exchange shares is a private matter in a private company. The value of the shares is an entirely different matter"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948682210099560625) 2025-07-25 09:50:18 UTC 29.5K followers, 1563 engagements


"Continuing a series of detailed financial analysis across the Premier League - Analysis of Capital Inflows into Premier League Football Clubs (2010-2025)"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1946600650529288639) 2025-07-19 15:58:55 UTC 29.4K followers, 4100 engagements


"@Stephen55364863 No there's no cost to Everton for Roundhouse to issue shares in return for fresh investment - there is no loan that's the reason for doing this. Any cost to the capital is born by Roundhouse & its investors not Everton"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1948632955821457813) 2025-07-25 06:34:35 UTC 29.5K followers, XXX engagements


"When you look at the quality of the people being brought in to our business (Everton) and its ownership team and then think back to Bill calling Denise "unquestionably the best in the business" 🤣🤣🤣"  
![@theesk Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::19361885.png) [@theesk](/creator/x/theesk) on [X](/post/tweet/1945437526648340740) 2025-07-16 10:57:05 UTC 29.4K followers, 34.1K engagements