777 Partners / Whatever the hell you like

[barneygumble]

What a mess though; whatever happens, positive or negative, there will be no denying that Moshiri and Kenwright took us to the brink.

The former having the audacity to not even communicate with us in our darkest hour.

Very excited for this chapter to end and I just pray it's the end of the worst period to support Everton ever.

 

[Exeter_Gently]

Don’t get me wrong, I’d take MSP over 777…

But 8 months down the line, and after we’ve had Deloitte out there scoring the globe for buyers and… we’re potentially back to the guys who we started out with…

It does make you laugh ha ....they've played the long game here and it looks like it's going to bare fruit...Having Bell and Downing involved with the whole thing makes me feel a whole lot better.

 

[edge]

Has anyone one got this without the pay wall?

It opened for me, just basically saying MSP might look at buying us.
777 are getting done for borrowing agaist assets they have already borrowed on.

 

[Librarian]

Says credible investors to work with MSP. They are investors in McLaren who are owned by Bahrain sovereign wealth fund

Pretty sure they were in discussions with us last year when MSP were also in talks

Our Portfolio

Mumtalakat is the sovereign wealth fund of Bahrain. Established in 2006 to invest in and for Bahrain while playing an important role in the national economy through its strategic assets and seeking commercially viable investment opportunities in growth sectors both domestically and internationally.

www.mumtalakat.bh

 

[Eggs]

….we’re even making the news on Sky this morning.

 

[Exeter_Gently]

It opened for me, just basically saying MSP might look at buying us.
777 are getting done for borrowing agaist assets they have already borrowed on.

Ta mate.

 

[Exeter_Gently]

….we’re even making the news on Sky this morning.

The Big one? Not the crap one...

 

[GoldenToffee]

Come on MSP, Make our Soccerclub Prosper once again.

 

[Eggs]

The Big one? Not the crap one...

….and BBC;

Everton: Farhad Moshiri holds 777 meetings amid takeover uncertainty

Everton majority owner Farhad Moshiri holds meetings with prospective buyer 777 Partners as uncertainty grows around the protracted takeover.

www.bbc.co.uk

 

[BNJ1878]

Has anyone one got this without the pay wall?

No paywall for me here, maybe they have an article limit?

Mods....feel free to delete if this isn't allowed.

Everton Bid Explored by US Investor MSP as 777 Offer Teeters​

• McLaren F1 backer was in talks to invest in club last year
• 777 already asked for more time to complete lengthy takeover

US investment firm MSP Sports Capital is exploring buying Everton FC as the current bid for the Premier League football club falters, according to a person familiar with the matter.

MSP, which has lent money to fund the Liverpool-based club’s new stadium, is looking at its options, given the existing offer by rival firm 777 Partners is now under threat, the person said, asking not to be identified discussing confidential information.

MSP declined to comment, as did a spokesman for Farhad Moshiri, Everton’s majority shareholder, and a representative for 777.

Everton has held talks with restructuring advisers after 777 struggled to complete its takeover from Moshiri, Bloomberg reported last week. The Miami-based investor agreed to buy the football club last September, but talks have dragged on, and the firm recently asked for more time to complete the purchase.

777’s long-standing pursuit of Everton has hinged on repaying a £158 million ($198 million) loan to a group of investors led by MSP. The loan was due to be paid on April 15, but 777 gained a last-minute extension.

New York-based MSP considered investing in Everton last year, but talks collapsed without a deal. Its other investments include a stake in the McLaren Formula One team.

Read More: Everton FC Buyer Accused of Fraud, Double-Pledging Assets

Last week, lenders to 777 accused it of fraud, claiming that the firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else. Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund Plc filed a complaint in New York federal court, alleging that Josh Wander, co-founder of 777, double-pledged assets backing loans to the firm in a breach of agreements.

GDA Luma Capital, a private equity firm specializing in distressed debt, has held talks about offering debt financing to 777 to enable it to continue funding Everton’s new stadium and meet ongoing capital requirements, Bloomberg also reported last week.

777 hasn’t commented on the allegations.

 

[samsonthedog1]

No paywall for me here, maybe they have an article limit?

Mods....feel free to delete if this isn't allowed.

Everton Bid Explored by US Investor MSP as 777 Offer Teeters​

• McLaren F1 backer was in talks to invest in club last year
• 777 already asked for more time to complete lengthy takeover

US investment firm MSP Sports Capital is exploring buying Everton FC as the current bid for the Premier League football club falters, according to a person familiar with the matter.

MSP, which has lent money to fund the Liverpool-based club’s new stadium, is looking at its options, given the existing offer by rival firm 777 Partners is now under threat, the person said, asking not to be identified discussing confidential information.

MSP declined to comment, as did a spokesman for Farhad Moshiri, Everton’s majority shareholder, and a representative for 777.

Everton has held talks with restructuring advisers after 777 struggled to complete its takeover from Moshiri, Bloomberg reported last week. The Miami-based investor agreed to buy the football club last September, but talks have dragged on, and the firm recently asked for more time to complete the purchase.

777’s long-standing pursuit of Everton has hinged on repaying a £158 million ($198 million) loan to a group of investors led by MSP. The loan was due to be paid on April 15, but 777 gained a last-minute extension.

New York-based MSP considered investing in Everton last year, but talks collapsed without a deal. Its other investments include a stake in the McLaren Formula One team.

Read More: Everton FC Buyer Accused of Fraud, Double-Pledging Assets

Last week, lenders to 777 accused it of fraud, claiming that the firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else. Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund Plc filed a complaint in New York federal court, alleging that Josh Wander, co-founder of 777, double-pledged assets backing loans to the firm in a breach of agreements.

GDA Luma Capital, a private equity firm specializing in distressed debt, has held talks about offering debt financing to 777 to enable it to continue funding Everton’s new stadium and meet ongoing capital requirements, Bloomberg also reported last week.

777 hasn’t commented on the allegations.

MSP taking there 51% and then getting others in is now looking like the only way forward isn’t it? Unless a big Middle Eastern player enters the game.

 

[Moderatelywarmwater]

MSP could afford this themselves. So why aren’t they? Huge risk, that’s why.

 

[Exeter_Gently]

MSP taking there 51% and then getting others in is now looking like the only way forward isn’t it? Unless a big Middle Eastern player enters the game.

They joint own McLaren with the Bahrainis...that could be the other player.

 

[BNJ1878]

MSP taking there 51% and then getting others in is now looking like the only way forward isn’t it? Unless a big Middle Eastern player enters the game.

Well, they're already cosy with Bahrain so that's an option.

But several months ago, the MSP insider @BeardedScotsman suggested that the full, staged takeover was more likely to be from private investors throwing into the pot rather than any individual funds.

It's looking like the ONLY way Moshiri gets any money back out seeing as he invested in the first MSP share. (Weird, I know)

 

[samsonthedog1]

They joint own McLaren with the Bahrainis...that could be the other player.

Oh yeah seen that yesterday. Lets hope they bring them on board.