777 Partners / Whatever the hell you like

[matty1878]

Im not assuming there is nobody else, as I said, I think its unlikely that Moshiri for example couldnt rustle up 20million to keep us going or we could even sell somebody quickly, less than ideal option.

So for clarity I dont think Administration is likely, im just saying there isnt a ZERO chance.

but ..
in a logical sense you would think he would
not want it

but he’s that rich and isn’t assed he prob doesn’t care well he doesn’t

 

[Street end man]

Someone soon is going to call in the loans from 777 that they've now loaned to us. That'll be fun.

 

[Infernus]

I know im a doomer.

But Administration is something that happens quickly.

1 day you can pay our out standings, then the next day you cant.

Without 777 propping us with loans it MIGHT have happened 9 months ago and it could also happen at the end of May, if theres nobody to pay our bills in May.

It seems unlikely at this point, but there is not a ZERO chance.

Oh absolutely, that is certainly true. But if Moshiri wants anything at all back from his investment in Everton then it is in his best interests to at least keep them ticking along. He is apparently already making a loss on his deal with 777. If Everton goes into Administration then he will get next to nothing.

 

[ForeverEverton]

I think we should log the result of the vote and reset, see how opinion has changed...

 

[witchdoc187]

Is it possible 777 go into admin before we do we don't have to pay them back, like when you get a couch on tic and the firm goes belly up

Sign the couch

 

[DanB90]

No - Going into administration is a measure to help avoid going belly up. Any money owed to that company would be chased up by administrators.

What if instead of administration, they get found guilty of multiple federal crimes?

Would our debt disappear then?

 

[Joey66]

Apparently 777 CFO was at Luton last night

Could he afford to pay to get in ? lol

 

[ForeverEverton]

 

[HalfTimeSayers]

Apparently 777 CFO was at Luton last night

Or to give him is full title, “Director of International Accounting.”

777 bloke called Keith - “Hi Mr Chong, while I’m in the UK, can I run the rule over your accounts to see how your accounting policies will need to be amended to comply with US GAAP once we have to consolidate your financial statements at a US level”

Chong: “here you go chap”

 

[ClausThomsen]

Oh absolutely, that is certainly true. But if Moshiri wants anything at all back from his investment in Everton then it is in his best interests to at least keep them ticking along. He is apparently already making a loss on his deal with 777. If Everton goes into Administration then he will get next to nothing.

Which is also a good reason that many potential buyers may be more than happy to wait in the wings rather than bidding at the moment. The amount of loans being used to prop up the club and interest payments going out indicates that Moshiri alone can't actually keep the club ticking along. And he can't force anybody to come in and buy when it suits him.

Why buy a club saddled with so much debt when you can pick up the pieces after administrators have dealt with those debts?

It could be that MSP take control of Moshiri's share to protect their own investment if 777 completely collapses in the hope that they can claw back a significant portion of their loan rather than the fraction that administrators would offer.

 

[mccole]

Im sure all those "other interested parties" will be along soon, putting their money where their mouth is, any day now......

 

[ClausThomsen]

Could he afford to pay to get in ? lol

He got an extension to the deadline to pay for the ticket. Luton get one of the 777 airlines planes if he doesn't pay by June.

 

[Moderatelywarmwater]

We will have to sell and sell this summer it seems.. and probably at a discount as we will want all the cash up front.

 

[LEONARD]

Could he afford to pay to get in ? lol

Had to borrow £50 off some random bloke outside.

Promised to pay him back, as soon as he gets £100 back from some other random guy, he borrowed to last year,

 

[Neiler]

Overall 777 are toast lids.

No one is lending them money now and they don’t have any so they can take us over.

Only a matter time now it seems to me until Moshiri or they pull the plug.