What do think a better time for them would look like for the club?
When we’re in Admin? When we’re in the Championship?
777 Partners - New Poll Added 18/10/23
- Thread starter 9LeagueTitles5FACups
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When we’re in Admin? When we’re in the Championship?
He's desperate to get out of this quick with any accessible cash, the longer it would continue past the initial agreement the less we are worth as we are hemorrhaging cash and taking on loans to pay bills. He likely won't make out better if this goes tits up
Because you don't spend the money required to facilitate a bid while a separate deal is in the process of closing pending approval. Multimillion pound deals take a fair amount of work and it's something you only line up with some level of certainty it will be worth the effort.
They'll wait and see if it falls through before spending any real effort.
Is this good because the sale is going to fall through or is this good because the sale is going to go forward? Sorry, just a bit simple much like @chicoazul.
So many versions of stadium funding model I don’t know what to believe.
The stadiums moneys been ‘secured’ for months allegedly, then there’s reports like this.
What’s never been particularly clear is what of the stadium build by LoR is ‘secured’ and what is outside their scope, which as a minimum is likely to be ‘FF&E’, but likely includes the pitch too I would guess. Just those two alone are probably tens of millions.
HalfTimeSayers
Player Valuation: £25m
How has a Norwegian website that has been nothing but trouble for 777 been told specific details and amounts in a private letter, sent to 777 as part of a billion £ transaction. Odd one. Some leak that is. But nothing surprising in the conditions. And it’s hard to see how they are met.
Nothing to stop alternative bidders bidding publicly or otherwise. Happens all the time regardless of the status of any current transaction, particularly if they believe they are the better option. In the US the seller does have to alert the market of any unsolicited bids received, so there are extortionate legal costs that can be racked up by the bidder even taking it that far and failing, but they are still dwarfed by the overall cost of an acquisition. Obv doesn’t apply to Everton. For UK buyers, under UK GAAP the legal fees can be rolled into the Goodwill value on the Bal Sheet anyway, but would be expensed to the P&L in the accounts of a US buyer. Even so, not usually a big deterrent if a buyer genuinely wants the transaction.
If 777 are as unlikely to succeed as it would appear on the surface, then it’s hard not to slightly resent the alternative buyers for standing by and letting the uncertainty cripple the club in an already unpredicted season of chaos (and supposed slide toward having the leccy turned off at any moment). Perfectly plausible and maybe good business as the price drops, but doesn’t sound like a gang of philanthropic Evertonians that want to save the club and have a massively wealthy backer, which would be the ideal.
If the above highly confidential letter has leaked to Josimar “from multiple sources”, bizarre that the identity and intentions of the alternatives remains so secret. They have got their confidentiality locked down far more tightly than 777, Everton and the PL. X-based investigative journalism experts can extract financial info out of Bermuda, but no commentator or journalist on the planet knows the name of the better option??
Nothing to stop alternative bidders bidding publicly or otherwise. Happens all the time regardless of the status of any current transaction, particularly if they believe they are the better option. In the US the seller does have to alert the market of any unsolicited bids received, so there are extortionate legal costs that can be racked up by the bidder even taking it that far and failing, but they are still dwarfed by the overall cost of an acquisition. Obv doesn’t apply to Everton. For UK buyers, under UK GAAP the legal fees can be rolled into the Goodwill value on the Bal Sheet anyway, but would be expensed to the P&L in the accounts of a US buyer. Even so, not usually a big deterrent if a buyer genuinely wants the transaction.
If 777 are as unlikely to succeed as it would appear on the surface, then it’s hard not to slightly resent the alternative buyers for standing by and letting the uncertainty cripple the club in an already unpredicted season of chaos (and supposed slide toward having the leccy turned off at any moment). Perfectly plausible and maybe good business as the price drops, but doesn’t sound like a gang of philanthropic Evertonians that want to save the club and have a massively wealthy backer, which would be the ideal.
If the above highly confidential letter has leaked to Josimar “from multiple sources”, bizarre that the identity and intentions of the alternatives remains so secret. They have got their confidentiality locked down far more tightly than 777, Everton and the PL. X-based investigative journalism experts can extract financial info out of Bermuda, but no commentator or journalist on the planet knows the name of the better option??
Tony’s Carp
Player Valuation: £40m
Very much agree with all of this.
And re the letter, how many people would have seen this letter between the PL and senior 777 leaders? And MULTIPLE sources have then passed on the precise contents to Josimar journalists? Come on, lads.
Regardless, I hope what they're reporting is true. It's a fair and reasonable set of conditions, which if met would provide some comfort as to short-mid term viability, and if not met it's inarguably correct to reject them.
Chrismac
Player Valuation: £10m
My only hope at this stage of other interested parties is simply from long standing Evertonians who are staking a claim for them.
If Paul/Andy etc are aware of other potential backers no matter how little we know about them, and are happy to go out on a limb to support them, then that for me is 100 times better than the risk of allowing 777 the keys.
Main thing over the coming month is winning games and getting us safe, fingers crossed the uncertainty of potential relegation being lifted and 777 not being able to meet the conditions, pushes Mosh into listening to whatever the others are offering and hopefully we can get rid of the rat over the summer.
If Paul/Andy etc are aware of other potential backers no matter how little we know about them, and are happy to go out on a limb to support them, then that for me is 100 times better than the risk of allowing 777 the keys.
Main thing over the coming month is winning games and getting us safe, fingers crossed the uncertainty of potential relegation being lifted and 777 not being able to meet the conditions, pushes Mosh into listening to whatever the others are offering and hopefully we can get rid of the rat over the summer.
MIKE85
Player Valuation: £5m
Yeah, the rest of the debt won't just disappear, and my guess is the club will need a cash injection in the next few years before we're viable as a company.
So who picks up the tab while the other party go through the channels of purchasing the club after making their intentions public? Because 777 sure won't.
I thought good because if true i think it’s unlikely they raise the money to meet those conditions and this falls through mate.
If it didn’t however it would take 300 + million in debt of the balance sheet, with the business capitalised until the end of the season, while taking MSP out of the equation secures the new ground for the club. I suspect even if they raised that in the short term, got their feet under the table, they’d just re-borrow and restructure and heap debt back on the club.
So overall good if they can’t get their hands on capital and this falls through, it’s a big sum of money for them.
How they can deduct us points!
We're in a grim place already but the stasis this must be causing behind the he scenes really doesn't bear thinking about.
Transfer window opens in just over two months. Those we are competing against will already be months ahead in their planning. We have absolutely no idea what resources will be available or who will be making the decisions.
It extends off pitch too. The same people who have collectively moved us forward not one inch in terms of our commercial income or PR remain in place indefinitely. Goodison sits idle this weekend and not a mention of us anywhere in the press aside from doom laden pieces about our finances or impending points deductions. Meanwhile, Anfield was full to the rafters and the national media and Twitter is full of happy puff pieces about Sven Goran Eriksson and Fernando Torres, with their sponsors front and centre, and happy crowds of non match day regulars flooding their retail stores.
We'll no doubt have competent owners who twig on to the potential of such events just in time for the Siggy, Sandro and Ashley Williams generation to get a runout at BMD.
Transfer window opens in just over two months. Those we are competing against will already be months ahead in their planning. We have absolutely no idea what resources will be available or who will be making the decisions.
It extends off pitch too. The same people who have collectively moved us forward not one inch in terms of our commercial income or PR remain in place indefinitely. Goodison sits idle this weekend and not a mention of us anywhere in the press aside from doom laden pieces about our finances or impending points deductions. Meanwhile, Anfield was full to the rafters and the national media and Twitter is full of happy puff pieces about Sven Goran Eriksson and Fernando Torres, with their sponsors front and centre, and happy crowds of non match day regulars flooding their retail stores.
We'll no doubt have competent owners who twig on to the potential of such events just in time for the Siggy, Sandro and Ashley Williams generation to get a runout at BMD.
