777 Partners / Whatever the hell you like

[Mr Happy]

Before sanctions they were judged by the rule of law, which said doing business with Russians was legal

Exactly.

 

[allen]

No, not really. Universal standards like human rights should apply. On that score, the Saudis are far more evil than the oligarch Usmanov. But Boris likes them so that's all that counts.

We all have our own standards, shaped by the society we've grown up in and its wider societal standards.

Controversy happens when the government that actually makes these decisions doesn't share those societal standards. Johnson's government, as you say.

 

[Zatara]

We can in terms of security, however serviceability might be a little harder to manage, yes interest for their calculations will be disregarded but there would be doubts about cashflow. Wages are still astronomical.

Plus, the stadium itself whilst a major asset and likely a main source of security would be security of other debts.

The issue and aim I guess would be to consolidate the debt from these dodgy loans into one facility and the stadium is a big tool to achieve that but I think the risk assessment of the bank will either result in high interest (minimal savings) or a refusal to write the loan. If we tell 777 to pound sand who is paying the loan if its written. How can we manage our current debts to a level where a lender will facilitate the debt consolidation.

The rub is between the idea and the execution. A bank might insist on administration as a means to settle some debt (which would come at the cost of certain assets) and then finance the club post that mechanism.

The only real option is to find an owner willing to chip in enough not only to satisfy Moshiri, enough of the overall debt, provide working capital plus investment in the squad.

Alot will depend on how much the banks value the stadium at.

 

[Martin Alvito]

Regarding Usmanov, were talking about a multi billionaire. Someone that could make a few phonecalls and no doubt bring in a 'front' to buy the club and continue to pump in money.

Looking at things in black and white, it makes no sense to me why he/Moshiri would pull out at this point with the stadium so close and the spending rules changing.

The whole situation is illogical to me.

Also, looking at the club as an investment, the value of premier league clubs continue to rise. Why wouldnt a state or a successful person/business be looking at Everton?

With a world class stadium and premier league history it again makes no sense that the 'best' is 777.

Again, totally illogical.

It's simple. If the front is unmasked, the government will seize every dime put in post-Moshiri.

That's a big risk, so he has calculated he's best off recovering what he can and writing down the rest as the results of political hazards.

 

[allen]

Alot will depend on how much the banks value the stadium at.

This is a big question for me.

We know how much it’s cost to build, but given we’re the only entity on earth that could use it to its optimum potential, what’s its open market value?

 

[micknick]

Regarding Usmanov, were talking about a multi billionaire. Someone that could make a few phonecalls and no doubt bring in a 'front' to buy the club and continue to pump in money.

Looking at things in black and white, it makes no sense to me why he/Moshiri would pull out at this point with the stadium so close and the spending rules changing.

The whole situation is illogical to me.

Also, looking at the club as an investment, the value of premier league clubs continue to rise. Why wouldnt a state or a successful person/business be looking at Everton?

With a world class stadium and premier league history it again makes no sense that the 'best' is 777.

Again, totally illogical.

So 777 are the front?

 

[jinkyali]

Their is absolutely no chance of 777 being a front for Usmanov.

 

[Zatara]

So 777 are the front?

I thought it may be possible a few months ago. But the way things have been playing out with them...not anymore.

 

[Lobworm]

Their is absolutely no chance of 777 being a front for Usmanov.

 

[Tony’s Carp]

I thought it may be possible a few months ago. But the way things have been playing out with them...not anymore.

To be fair if they are trying to disguise the fact they are secretly funded by a mega-billionaire oligarch, they are doing an excellent job of doing so.

 

[pfim]

To be fair if they are trying to disguise the fact they are secretly funded by a mega-billionaire oligarch, they are doing an excellent job of doing so.

The deal would be closed if that were the case. Also, some people would eventually be going to jail for a long time.

 

[efcfanwirral]

It's simple. If the front is unmasked, the government will seize every dime put in post-Moshiri.

That's a big risk, so he has calculated he's best off recovering what he can and writing down the rest as the results of political hazards.

It probably won't be close to the biggest loss to Usmanov from sanctions. Barely worth consideration in comparison to USM

 

[Exeter_Gently]

Lads...Usmanov isn't involved with 777.

 

[efcfanwirral]

Lads...Usmanov isn't involved with 777.

Yeah it's a crazy theory that doesn't stand up to how seriously sanctions are taken in America

 

[ForeverEverton]

The running costs are enormously affected by the interest payments. Once the club has the stadium asset they can restructure the interest payments.

There are so many reasons why owning the club would be beneficial to new buyers without looking at credit lines.

If a wealthy individual or state came in with £1bn, they would have the club, the new stadium all paid for and all debt free with no interest costs... they could even call the debt payments made by them interest free loans payable when they exit the club in the future.

The club could be worth double that in 2 or 3 years with the right leadership.