777 Partners / Whatever the hell you like

[Tony’s Carp]

I can't imagine this farce ending in the next 3 days, though I'd be delighted if it did.

I'm resigned to it filling the majority of the close season - at least.

We’ve been promised an imminent resolution on an almost weekly basis since January so I’m not putting too much faith in this.

 

[MikeH72]

Got a feeling at this point Moshiri to save face might pull the plug on 777 and state club no longer for sale.

Appoint a new board, and we will get some statement about how he pulled out of the takeover to protect the fans.

Lots of PR, most fans will think we're saved, but in reality riddled with more debt.

Nightmare scenario.

 

[mccole]

Usmanov is behind the 777 thing.

 

[Liam-EFC]

I reckon Usmanov wants his money back not Moshiri

Can he though? With him currently being sanctioned in the west, I’m not sure how he could get any money.

 

[kenada_blue]

View attachment 256071

Ross from Friends gonna save us

 

[JimmyK]

Usmanov is behind the 777 thing.

Even by Evertons standards it would be an amazing effort to be unable to conclude a deal when the buyer and seller are the same person so it seems unlikely to me.

 

[Neiler]

Technically, the club still owes Moshiri a lot of money. If MSP take the 51% stake, then that debt to Moshiri becomes more real again.

MSP would need him to write down that debt before they could take the 51% stake.

It might seem like MSP can just exercise their right and take control but I don’t think it’s that simple.

Moshiri's loans are unsecured, so he can whistle for them mate. I.E. if they are never payed its off no consequence.

If MSP take operational control of Blue Heaven and essentially Everton, they could just decide to pay the loan back at a point in the future in theory. However in reality it would never happen, because Moshiri/Blue Heaven is the least sneior debt we have behind, R&M, Metro and 777 - then its Blue Heven - with no security. Secondly its not MSP's money it was Moshiri and its long gone, so they wont be worried about it. Thirdly MSP's return will be based on the value of the club they can sell it at, its harder to sell a club that demands that debt to be repaid on top of the other debts - it values the club at over a billion and no one is paying that, so ultimately the money owed to Moshiri comes of their bottom line.

That money will never be payed back to Moshiri or Blue Heaven mate, its gone.

 

[Exeter_Gently]

Front page of the Echo

Obvious question is where was this level of scrutiny from them years ago? They won’t answer that of course

They're not arsed.

We don't play in Red.

 

[CielosGrises]

The only probable Everton resolution to this is that we plod along, month to month with 777 as owners - wondering if we'll be able to pay the next bill.

 

[Liam-EFC]

 

[Magus]

Can he though? With him currently being sanctioned in the west, I’m not sure how he could get any money.

Just caught the end of a news report about Russian oil exports being funnelled via India despite the sanctions currently in place. If a pariah state can beat the sanctions I am sure a crafty character like Usmanov can find ways to channel funds through impenetrable business networks.

Not saying I believe the conspiracy theories, but it could be a way to ensure completion of the stadium for onward sale as he and Moshiri can't openly fund it.

OK I believe the conspiracy theories.

 

[Tipp blue]

The only probable Everton resolution to this is that we plod along, month to month with 777 as owners - wondering if we'll be able to pay the next bill.

At this stage we are probably hoping that some major damning accusations come in against 777 and they get found guilty are given life in prison and we won't have to pay them back.

 

[Moomin]

Just caught the end of a news report about Russian oil exports being funnelled via India despite the sanctions currently in place. If a pariah state can beat the sanctions I am sure a crafty character like Usmanov can find ways to channel funds through impenetrable business networks.

Not saying I believe the conspiracy theories, but it could be a way to ensure completion of the stadium for onward sale as he and Moshiri can't openly fund it.

OK I believe the conspiracy theories.

Not a conspiracy theory. Even though sanctions are in place for Russia companies are just selling into them via other means

Surge in sale of UK-made cars to Russia's neighbours shows how it's beating sanctions

Analysis by Sky News suggests Russia is finding ways to evade Ukraine war sanctions by bringing in cars, including luxury marques, through former Soviet states.

news.sky.com

 

[Tony’s Carp]

Got a feeling at this point Moshiri to save face might pull the plug on 777 and state club no longer for sale.

Appoint a new board, and we will get some statement about how he pulled out of the takeover to protect the fans.

Lots of PR, most fans will think we're saved, but in reality riddled with more debt.

Something like this wouldn’t surprise me tbh. The stadium is now close to paid for which was always the main stumbling block.

If it’s then just the day to day funding of the club then with player sales / wage trimming if needed Moshiri may feel able to limp along to the opening of the stadium even if his own cash flow is restricted. Or he could resort to his original minority investment plan rather than a full sale.

It doesn’t really make sense for him to get out at rock bottom this close to the stadium finish line unless he absolutely has to. In 12-18 months we are likely to be a better prospect for sale. So we may yet see him cling on.

 

[Blue Willy]

Pays off 777 etc out of his own billions. Sells our best players, uses the new Sky/Prem income to keep the lights on, and (as Bill always promised) carries on, looking for “the right” investment.. ad infinitum!