777 Partners / Whatever the hell you like

[USABlue]

Fair enough but when does the fit and proper test kick in?

From what I recall it's on 777 to prove they have the money but the PL can't call the whole deal off. They're just going to not approve them indefinitely until they show they can satisfy the requirements. It's on Moshiri to send them packing

 

[The Binman]

From what I recall it's on 777 to prove they have the money but the PL can't call the whole deal off. They're just going to not approve them indefinitely until they show they can satisfy the requirements. It's on Moshiri to send them packing

Meanwhile we swirl closer to the abyss accumulating more debt, and ultimately not reinforcing the team properly

Wonderful last 7 - 8 yrs

 

[MikeH72]

From what I recall it's on 777 to prove they have the money but the PL can't call the whole deal off. They're just going to not approve them indefinitely until they show they can satisfy the requirements. It's on Moshiri to send them packing

This makes a mockery of the entire fit and proper person test. If they don’t ultimately have the power to tell people who are clearly not fit and proper to pack their bags then what is the point in the process?

 

[degsy]

One key point is: In the commercial property world, what is the standard return on investment on a £750M (blue and) white elephant of a stadium with only one – in real terms – potential renter???

I would hazard a guess that, if all the debts (and estimates vary from £800M to £1.2B) were paid off, and in that would include whatever now smallish bit of cash Moshiri might trouser himself.

And that this white knight benefactor would basically get the club and the stadium 'thrown in for free' so to speak,

This might also involve a brief (maybe simultaneous) state of being wound up to avoid administration and reformed as a new entity.

Where, instead of the main asset being a Premier League club with a stadium, we become a stadium with a Premier League club with the stadium as the main asset.
Which in and of its self is probably not the end of the world.
Anyway
All the above is just a reset process - a start point.

It's going to be a tough enough job to get to that start point and really tough to progress from it
and thats if we're lucky enough that the reset even happens

777 is not the answer, in fact they'll probably be the cause of our further downfall.

 

[Goat]

This makes a mockery of the entire fit and proper person test. If they don’t ultimately have the power to tell people who are clearly not fit and proper to pack their bags then what is the point in the process?

Being skint isn't part of the fit and proper test.

 

[MikeH72]

Being skint isn't part of the fit and proper test.

What about being hardened criminals?

 

[hallamblue]

One key point is: In the commercial property world, what is the standard return on investment on a £750M (blue and) white elephant of a stadium with only one – in real terms – potential renter???

I would hazard a guess that, if all the debts (and estimates vary from £800M to £1.2B) were paid off, and in that would include whatever now smallish bit of cash Moshiri might trouser himself.

And that this white knight benefactor would basically get the club and the stadium 'thrown in for free' so to speak,

This might also involve a brief (maybe simultaneous) state of being wound up to avoid administration and reformed as a new entity.

Where, instead of the main asset being a Premier League club with a stadium, we become a stadium with a Premier League club with the stadium as the main asset.
Which in and of its self is probably not the end of the world.
Anyway
All the above is just a reset process - a start point.

It's going to be a tough enough job to get to that start point and really tough to progress from it
and thats if we're lucky enough that the reset even happens

777 is not the answer, in fact they'll probably be the cause of our further downfall.

The answer is the stadium is virtually worthless without Everton. Given the costs of operating a stadium of that size, even if you managed to get 6 or 7 concerts a year, which is a big ask, the best you could hope for is break even. With Everton there the stadium is worth owning.

 

[Curtis]

Everton: Potential buyers 777 accused of fraud in court filing

Everton's prospective owners 777 Partners and the firm's co-owner Josh Wander are accused of fraud in a New York court.

www.bbc.com

 

[paultheblue]

Delighted for Nathan Broadhead, getting promotion yesterday, a player i aways liked good to see him dong well for himself.

Mckenna doesn't really seem to trust him and is mostly on the bench

 

[Victus]

Any good news Al?

 

[kimonthemac_efc]

I’d rather keep moshiri than have people that are not capable of financially supporting the club. Simple as. I am a aviation enthusiast and the 777 airlines have both failed. What a mess we are in

 

[Bristol Blue]

From what I recall it's on 777 to prove they have the money but the PL can't call the whole deal off. They're just going to not approve them indefinitely until they show they can satisfy the requirements. It's on Moshiri to send them packing

This is all on Moshiri. Although we all know he’s an incredibly stupid man, you get the feeling he’s persisting with 777 for other reasons.
In regards to the Prem, they should have deadlines that are given for prospective new owners. Letting this drag on is not helping the situation.

 

[Goat]

What about being hardened criminals?

IF they were they would have already been rejected.

 

[Boston Blue Sox]

Sounds like a man on a mission that fulfills him after eschewing sports?

FYI, this "fighting human trafficking" thing has become a weird niche fad amongst a certain type of American right-wingers who see themselves as rogue heros fighting for god. It's overlapped into the world of retired baseball players a bit because, demographically speaking, conservative Christians tend to be overrepresented in baseball. Often times they just cause a lot of trouble for local authorities without actually saving anyone.

And for anyone tempted to say "well, he knows how to run a successful club," bear in mind that his stint as the GM of the Dodgers (which is the American equivalent of the DoF, he's not some billionaire owner) wasn't particularly successful, didn't last very long, and ended over 20 years ago.

 

[Zatara]

How viable do Yank toffees think this other buyer is?