777 Partners / Whatever the hell you like

[Dr Baxter]

It’s not good debt if it costs more to service the debt than the additional revenue the stadium brings in. Ok, you get long term debt refinancing, but you need to not be a basket case first. We seem to have built a fixed price £500m stadium for only £850m. Only Moshiri

I know all that. I was talking in general terms. Hence, the "inverted commas" obviously.

 

[Neiler]

It’s not 12 weeks. If you're legit and actually have money it’s generally relatively quick.

Really?

What’s the quickest it’s been done mate, start to finish?

 

[Dr Baxter]

I thought it had been ear marked for some sort of Goodison legacy thingy majigg.

I suspect that won't happen now due to finances. I might be very wrong.

 

[HalfTimeSayers]

It’s not 12 weeks. If you're legit and actually have money it’s generally relatively quick.

Indeed. We will let you fast track the appeal to shaft us before the last game. You can fast track our mysterious new Canadian owner who says he’s got loads of money but has allegedly made a complete mess of Scottish baseball finances.

Amazes me that proof of funds isn’t the very first hurdle instead of the last. What a stupid process. Waste of time for the PL, FCA etc. And destabilising to the club that the checks are supposedly there to protect.

 

[riddick]

Really?

What’s the quickest it’s been done mate, start to finish?

In February 2016 it was announced that Moshiri had sold his stake in Arsenal Football Club to Red & White Holdings partner Usmanov in a bid to raise capital required to launch a takeover at Everton F.C.[8] On 27 February, the club officially confirmed Moshiri's purchase of a 49.9% stake in the club, which was ratified two weeks later by the Premier League.[9]

Thats....like 3 weeks.

 

[Neiler]

In February 2016 it was announced that Moshiri had sold his stake in Arsenal Football Club to Red & White Holdings partner Usmanov in a bid to raise capital required to launch a takeover at Everton F.C.[8] On 27 February, the club officially confirmed Moshiri's purchase of a 49.9% stake in the club, which was ratified two weeks later by the Premier League.[9]

Thats....like 3 weeks.

Seems like Radcliffe went from Dec to Feb.

 

[Neiler]

In February 2016 it was announced that Moshiri had sold his stake in Arsenal Football Club to Red & White Holdings partner Usmanov in a bid to raise capital required to launch a takeover at Everton F.C.[8] On 27 February, the club officially confirmed Moshiri's purchase of a 49.9% stake in the club, which was ratified two weeks later by the Premier League.[9]

Thats....like 3 weeks.

Yeah 9th of March it seems he was given PL approval but that was back in 2016, I don’t really know to be honest, but I have something in my head telling me it’s 8-12 weeks - I might be making it up though!

 

[Tom Hughes]

@Tom Hughes Are you to reveal the names of these potential investors yet?

Only know one name, they're in talks with them now.

 

[Exeter_Gently]

Only know one name, they're in talks with them now.

Uwer.... Thanks Tom

Them as in Moshiri?

 

[mccole]

Only know one name, they're in talks with them now.

Still Asian based

 

[Moomin]

Yeah 9th of March it seems he was given approval, I don’t really know to be honest, but I have something in my head telling me it’s 8-12 weeks - I might be making it up though!

Any potential buyer will do due dilliagnce on us which will take a few weeks.

 

[riddick]

Yeah 9th of March it seems he was given approval, I don’t really know to be honest, but I have something in my head telling me it’s 8-12 weeks - I might be making it up though!

Moshiri was stunningly fast. Like, he came out of nowhere to buy the club and weeks later he was approved.


Then the Premier League banned his company from doing business because of an entirely unrelated 3rd person. REEAAALLL good vetting processes there.

 

[Azza]

In February 2016 it was announced that Moshiri had sold his stake in Arsenal Football Club to Red & White Holdings partner Usmanov in a bid to raise capital required to launch a takeover at Everton F.C.[8] On 27 February, the club officially confirmed Moshiri's purchase of a 49.9% stake in the club, which was ratified two weeks later by the Premier League.[9]

Thats....like 3 weeks.

That guy seems to be pretty clued up on the process.

 

[Neiler]

Moshiri was stunningly fast. Like, he came out of nowhere to buy the club and weeks later he was approved.


Then the Premier League banned his company from doing business because of an entirely unrelated 3rd person. REEAAALLL good vetting processes there.

In hindsight, it’s a bit weird actually how fast it was mate, when you consider he had a stake in Arsenal and obvious potential for collusion with Usminov in terms of exposure and stakes.

Maybe he’d all ready been through a process and approved given he had a stake and shareholding in Arsenal and so they couldn’t really turn around and say he’s not fit anymore.

 

[Dr Baxter]

^^^ I'm sure the first we knew about Moshiri was when it was announced. Just out of the blue. Let's hope it happens like that again. With the best owners we can, of course.