777 Partners / Whatever the hell you like

[MikeH72]

No offence but it blows my mind that in the year of our lord 2024 people still cling to things Moshiri has said.

Same, but if it’s either that or going into administration and he loses absolutely everything, I don’t know why he’d choose the second option.

 

[pfim]

Same, but if it’s either that or going into administration and he loses absolutely everything, I don’t know why he’d choose the second option.

If he chooses the 2nd option, then it wasn't a choice.

 

[Neiler]

That's definitely not news.

I think the one thing I read yesterday that gave me pause is that Moshiri will pay penalties to 777 if he walks away. That could be a sticking point.

Hed have an exit surely, if they broke their commitment to fund costs.

 

[blueconverse]

Moshiri is the most braindead billionaire on earth so it makes sense he found another moron at 777 to try and fix things

 

[The binman chronicles]

Every club dealt with the pandemic. Not every club pays Holgate 60k/week or whatever.

As someone else has said the pandemic put up wages and material costs of our very large infrastructure project. No one else was in that situation.

Our profligacy with wages is another added problem, but without the other factors we would have still been ok.

I think a billion for the 5/6th most successful club in England, who play in the richest, most watched league in world football, who have not played out of the top flight for 70+ years and who have a large fan base is reasonable. Throw in a brand new, world class stadium in one of the most well known provincial cities in western Europe, I think people will be interested at that price

If you say the stadium is £750 million - maybe even more if someone tried building the exact same thing again in today's money, then that +250 million isn't a bad price at all for a PL football club.

Any incoming owners would have had to have shelled out for a new stadium and the potential risks anyhow. If we didn't have BM and were in a stable place we might have been worth 400m with the requirement to spend 500-900 million on top. Pretty similar.

 

[pfim]

The interesting part of the Bonza thing is that the planes were repo'd by ACap. So they've used those to unwind a position in 777re, or perhaps taken as partial payment for the Everton loan.

 

[davek]

The Guardian report that’s the basis for this latest frenzy is hopelessly vague. Teneco offer a whole range of financial services to businesses, they might not be working with Everton on insolvency but on one of the myriad of other business services they provide; https://www.teneo.com/services/

Simon Goodley is at best unreliable; at worst he's carrying out orders to harass the club.

 

[tsubaki]

If 777 do go bankrupt, does that mean we could get away with paying their administrator less for the loans already made?

 

[pfim]

If 777 do go bankrupt, does that mean we could get away with paying their administrator less for the loans already made?

Doubtful.

Even if we could reduce it, it would be in return for immediate payment, and there's no one around to pay it.

 

[mccole]

So Andy Bell and George Downing plus a new investor then?

 

[Frenk]

If 777 do go bankrupt, does that mean we could get away with paying their administrator less for the loans already made?

Everton go bankrupt before these do. It would take a while to unwind the web of deceit they are involved in.

 

[bcblue1878]

Its *almost* like the PL don't want us to be taken over and stabilised...

Worryingly I’m really not sure a take over by this shower stabilises anything!

 

[Exeter_Gently]

So Andy Bell and George Downing plus a new investor then?

Downing is only worth 500 mil...the bald scruff.

 

[maccavennie]

So Andy Bell and George Downing plus a new investor then?

We need someone to go down and speak to Downing, someone to bell Bell and 666 to take out 777.

 

[davek]

Sure, but why would they decline before? The only logical conclusion is that they don't see the deal, as it stands, as doable.

If they exercise now, it's to recover their debt, which is even more troubling.

Its all brinkmanship.

The only surprising thing about all this is how surprised people are!