777 Partners / Whatever the hell you like

[Eggsyblueskin]

I read it that loan is "offered" to Everton Football Club and not to 777.

Exactly my point .
777 do not then have to pay off MSP as the PL stipulated.
Major barrier removed .

 

[Librarian]

Don’t get this talk about Umanov funding 777. Why wouldn’t he just give them the money 8 months ago instead of dragging it out and putting the club on the brink?

You’re talking about people who hide dolls within dolls and if you open that doll there's another one waiting inside and we don’t know if another one is hidden inside that one.

That’s the type of people you’re dealing with.

 

[stamullenblue]

Genuinely think the Mosh Man has no idea about the PL disqualification rules on this.

doesn’t care either !

 

[Davidoff]

777 have handed over millions and millions. And yet Moshiri is still in situe. He's played a blinder... in terms of protecting himself

 

[Eggsyblueskin]

Can't see that either , if Moshiri takes out that loan to help out 777 it would only pile more debt onto the club.
It's borrowing off Peter to pay Paul.

Borrowing Peter to pay Paul is what 777 specialise in.
Remember it was reported that Moshiri was actively seeking investment to help 777 meet the PL requirements . Shortly after it was stated that 777 had approached GD Luma .
Now a week or so later we hear Luma are going to lend Everton an amount that tallies suspiciously with the amount payable to MSP.
You don’t have to be Sherlock Holmes to catch the whiff of rat .
( and I don’t mean Barkley in this instance )

 

[JP5]

That worries me, but surely they can't just swap one loan for another one? It still makes it a massively leveraged deal.

Depends on if the new loan is secured against the shares. That’s why 777 are required to pay MSP off.

 

[Neiler]

 

[PKwalnuts]

Reliably informed.

 

[dublinbluenose]

Correct me if I'm wrong but I'm pretty sure that a person fails the fit and proper test if they've been involved in 2 or more administrations or receiverships in the previous 10 years.

Presumably that Aussie airline counts as one.

 

[Goat]

Correct me if I'm wrong but I'm pretty sure that a person fails the fit and proper test if they've been involved in 2 or more administrations or receiverships in the previous 10 years.

Presumably that Aussie airline counts as one.

Rules "appear" to state Clubs.

But its Wiki, so take it or leave it.


The Premier League has tighter restrictions than the Football League or National League. In general, a businessman will fail the test if:

• They have power or influence over another Football League club[8]
• They hold a significant interest in another Football League club[8]
• They become prohibited by law from being a director[8]
• They are filing for bankruptcy[8]
• They have been director of a club while it has suffered two or more unconnected events of insolvency[8]
• They have been a director of two or more clubs of which, while they have been director, has suffered an event of insolvency

Fit-and-proper-person test - Wikipedia

en.wikipedia.org

 

[dublinbluenose]

Rules "appear" to state Clubs.

But its Wiki, so take it or leave it.


The Premier League has tighter restrictions than the Football League or National League. In general, a businessman will fail the test if:

• They have power or influence over another Football League club[8]
• They hold a significant interest in another Football League club[8]
• They become prohibited by law from being a director[8]
• They are filing for bankruptcy[8]
• They have been director of a club while it has suffered two or more unconnected events of insolvency[8]
• They have been a director of two or more clubs of which, while they have been director, has suffered an event of insolvency

Fit-and-proper-person test - Wikipedia

en.wikipedia.org

Fair enough.

 

[matty1878]

Terrible source that.

Everton Football Club are not to be trusted.


777 are like a bad dose of crabs that you cant shake, allegedly.

Their whole "empire" is collapsing around them and they are still lashing peoples pensions at a football club.

your on your own with the crabs it seems

 

[Streetender1878]

Why have the premier league allowed this to go on for virtually the whole season? Masters saying his team of investigators are so great at their jobs and then inferring to the panel that "i think you know why the takeover hasnt happened." Nudge nudge wink wink. Could it be that the league knowing before the season they were going to take points off us and knowing full well that 777 havent got the money, have dragged this out to apply more pressure on the club its manager,players and supporters and sat back waiting for us to all collapse and get relegated. Nudge nudge wink wink of course.

 

[matty1878]

Borrowing Peter to pay Paul is what 777 specialise in.
Remember it was reported that Moshiri was actively seeking investment to help 777 meet the PL requirements . Shortly after it was stated that 777 had approached GD Luma .
Now a week or so later we hear Luma are going to lend Everton an amount that tallies suspiciously with the amount payable to MSP.
You don’t have to be Sherlock Holmes to catch the whiff of rat .
( and I don’t mean Barkley in this instance )

who is luma and what does it mean mate

 

[matty1878]

Why have the premier league allowed this to go on for virtually the whole season? Masters saying his team of investigators are so great at their jobs and then inferring to the panel that "i think you know why the takeover hasnt happened." Nudge nudge wink wink. Could it be that the league knowing before the season they were going to take points off us and knowing full well that 777 havent got the money, have dragged this out to apply more pressure on the club its manager,players and supporters and sat back waiting for us to all collapse and get relegated. Nudge nudge wink wink of course.

yes!