777 Partners - New Poll Added 18/10/23

[mikel_88]

Be shocked if moshiri would let it go to administration, would be a worry to see who else comes to the table. Because he would have to drop the price and would attract more sinilar parties to 777

 

[Billy Dean]

Weren't they our old pals Vibrac.

JG Funding I think it was

 

[Billy Dean]

What? Moshiri owns 94% of the club? How could an external lender dictate to him who he sells his shares to? Complete rubbish to try and absolve Moshiri of blame, why people are still doing this in the year of our lord 2024 I have no idea.

No this did happen. It's something in the terms of the loan with R&M. MSP wanted to issue a loan that would convert to equity. R&M said no and that was it

 

[MikeH72]

No this did happen. It's something in the terms of the loan with R&M. MSP wanted to issue a loan that would convert to equity. R&M said no and that was it

But MSP have loaned us money though?

 

[Billy Dean]

But MSP have loaned us money though?

Yes they have but they had to switch it to a normal loan and not one that converted to equity

 

[Billy Dean]

This is explains the MSP and R&M situation

Everton suffer financial blow as MSP Sports Capital ends investment talks, says report - SportsPro

US private equity firm MSP Sports Capital had planned to invest up to UK£150m in Premier League club Everton.

www.sportspromedia.com

 

[kenada_blue]

But MSP have loaned us money though?

Mosh and R&MF took a dump on them when they were interested in buying the club as they saw something favourable with 777.

Dodgy AF

 

[matty1878]

tick tick

 

[Tennessee Blue Mike]

Skint as we are. Doubt it will stick

 

[Neiler]

JG Funding I think it was

Even PG funding mate!

 

[EFCPaul]

A question I keep wondering is that, when most reporting suggests they have very little liquidity and struggle to even pay bills elsewhere, why are they tying up the best part of 200m in junior debt at a football club they may never own? Doesn’t really add up to me.

It's their desperate last throw of the dice. Their business model has so far failed miserably but they're hoping that owning a PL club with a shiny new stadium they can sell off will be what turns their doomed ship around.

All this money they're providing with us cash that they're borrowing from dodgy insurance firms. Robbing Peter to pay Paul. Masters and Co can clearly see this hence why they don't want to give approval.

 

[Eggsyblueskin]

It does appear that they have tried the same trick they pulled at Liege , hinting at the clubs impending financial failure in order to bypass the regulatory requirements they clearly could not meet.
And Liege are now in as much trouble ( if not more ) as they were before 777 gained control.
I wonder if the PL are doing them a small courtesy of giving them space to withdraw their bid rather than degrading their increasingly threadbare reputation with what would be a damaging rejection.
If you can’t provide proof of your financial stability in 5 months you are probably not financially stable.

 

[kenada_blue]

It's their desperate last throw of the dice. Their business model has so far failed miserably but they're hoping that owning a PL club with a shiny new stadium they can sell off will be what turns their doomed ship around.

All this money they're providing with us cash that they're borrowing from dodgy insurance firms. Robbing Peter to pay Paul. Masters and Co can clearly see this hence why they don't want to give approval.

Let's not start giving Masters etc any credibility. Couple of brown envelopes sort them out.

Newcastle got their takeover because they "proved" they didn't hurt their brand and had the PM at the time asking questions

 

[AndyC]

He does a podcast with @AndyC and his brother George, the actor, it's actually pretty decent as podcasts go.

Thanks mate

 

[AndyC]

Exactly. But my original point comes from The Esk and Josimar who state there is a rival in the wings, and that the 777 dealing falling through would be better long term.

All of that is complete guess work.

We’ll see.