Hahahaha, your talking about a man that’s spent nearly a billion quid to battle relegation. A man that’s made the same mistake time after time after time since he’s arrived. A man that’s kept people running the club that have us on the verge of breaking point, and you think he’s clever enough to pull that off.
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kenada_blue
Welcome to Barcelonaton FC
What were the strategies?
Players we can get for free
Players we can get for a fiver
Players we can't get unless we sell most of the squad.
To be fair, their model is this super data analytical moneyball system and invested zero into the playing squad of any of the teams they owned.
I'll give Kev some credit based on the circumstances he's under that he can spot a player.
siddharth
Player Valuation: £5m
I agree that FS products to fans does not look feasible. But I am suggesting that their plan seems to be to sell insurance to investors against the monetized value derived from the passion of fanbases across their portfolio. Essentially, this shifts the ownership risks entirely to the fanbase and keeps the investment relatively safe despite bad decisions on their part.
Our Moshy boy could be the poster child; I had an involuntary discharge of all my friend's money in EFC, but now I am safe and secure throughout the day.
He says this in that FT article which is about football by the way:
The article starts off by saying:
Most of the clubs have been financial underperformers, raising questions about the returns on the firm’s investment, but Josh Wander, who set up 777 in 2015 with co-founder Steven Pasko, said in an interview that critics misunderstood the logic behind its bets.
He then highlights:
777 had $9bn to $10bn of assets under management including a “close to $4bn insurance balance sheet”, he said. All of its funds had been generated by its own operations apart from $250mn it raised in preferred equity, he added.
and then the profile of their company:
Wander and Pasko built 777 from early investments in “esoteric” financial assets such as lottery winnings and structured settlements, in which defendants in lawsuits agree to pay damages over several years rather than as a lump sum.
So are they skint or what?
Jay
Player Valuation: £8m
I am talking about a man who fled his country as a young man and arrived in Europe with no money and ended up as one of the richest "accountants" in history, him being bad as football club owner has nothing to do with his businesses/finances
siddharth
Player Valuation: £5m
I can see that as well, to be honest. But I doubt the PL would allow it. Wouldn't the company itself be at very high risk (if rightly done)?
Drico
Player Valuation: £60m
Put it this way. When the teenage Wayne Rooney was briefly terrorising defences and giving Everton fans something to be proud of at long last, these lads were being arrested for doing coke.
When your credibility is as low as 666 Partners' is, these "youthful indiscretions" don't pick up the slack and fill one with confidence - especially when they are currently the subject of a fraud case in US courts and seem very, very slow to pay off the people they have supposedly bought out at other clubs.
Should any or all of these things preclude them from doing a good job on us? No. But would you place your confidence in them doing so? And, moreover, is their version of a "good job" similar to what ours would be?
Moshiri has to go. Kenwright has to go. If this gets rid of both, it's something. But what that something is remains to be seen and it would appear that we are in for very difficult times (not that we weren't under the status quo). This is one takeover where there is little danger of heightened expectations in the fanbase being disappointed... The expectations - such as they are - are set at ankle level.
zebedee
Player Valuation: £8m
Depends on what you call skint. Are they going to throw in a billion quid like Chelsea no. My concern is how they spread financial gains if any are made.
For arguments sake Everton turn a profit.
That doesn't necessarily mean Everton are going to get that whole profit next season.
If the portfolio consists of all the football teams they own. Hertha could make a lose and everton profit steadies the ship so to speak.
There have been a few takeovers recently. Normally the new owners set out their stall when the deal is announced. Recall the Birmingham investor did quite a long piece from his office in New York. These are our ideas, we'll get going just as soon as the formalities are complete, league approval, etc. But 777 seem a bit quiet, causing an information vacuum and all sorts of rumours. Not a good start.
kiss the crest
Player Valuation: £35m
Anyone fancy getting a banner up for the Arsenal game saying
"We like Hot dogs & Beer"
"We like Hot dogs & Beer"
'Remember the Alamo' would be more fitting.
Brilliant! lol
Tony’s Carp
Player Valuation: £50m
The first major decision these guys are going to face is whether to terminate Dele’s loan and send him back to Spurs.
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