777 Partners / Whatever the hell you like

[USABlue]

Going to get absolutely rung dry by these charlatans

 

[matty1878]

Going to get absolutely rung dry by these charlatans

we are mate. can’t blame moshiri for wanting out. it’s a club that’s sinking fast

 

[chopper6]

Needing a loan to cover working capital feels a lot like a club that ends up in administration

 

[pfim]

Needing a loan to cover working capital feels a lot like a club that ends up in administration

In this instance, yes.

 

[blueblueskies]

As has been said it’s money to keep the club running. Cash flow, which is something we didn’t have in the summer because Moshiri pulled the plug. Currently it’s the only way they can put money into the club.

 

[Pabbers]

Skint asset strippers lad lad lad

 

[Tommy Chong]

And if the deal falls through? I'd imagine the interest and repayment terms on this loan are ridiculous.

 

[pfim]

And if the deal falls through? I'd imagine the interest and repayment terms on this loan are ridiculous.

I doubt they’ll be paid before the other two. But the interest will accrue…the credit card analogy above is a good one.

 

[Moomin]

I hope the last game at Goodison before we are liquidated that Bill walks out and sings Frank Sinatra's hitsong " My Way "

 

[mikel_88]

Just want the deal done now so can move on and hopefully start moving in the right direction. Is questions about them but going nowhere with this current board and owner who wants out.

 

[Moderatelywarmwater]

Needing a loan to cover working capital feels a lot like a club that ends up in administration

Well it can’t be that far away……. The situation is exceptionally perilous, that’s for sure.

 

[Tommy Chong]

I doubt they’ll be paid before the other two. But the interest will accrue…the credit card analogy above is a good one.

So whether or not the deal goes through, 777 still get to make a buck off of us.

I hope the last game at Goodison before we are liquidated that Bill walks out and sings Frank Sinatra's hitsong " My Way "

Not the Sinatra version... The snidey, snotty Sid Vicious version, which would be more befitting!

 

[Goat]

We are utterly screwed.

 

[blulouie]

This now shows the extent of Moshiri's problems that he either will not or more likely cannot put anymore money into the club.
The sooner he is gone the better.

 

[barneygumble]

Got laughed at, at an away when I said the Russian sanctions would absolutely destroy us.

Lo and behold, here we are… cusp of administration, jumping into bed with owners who are beyond dodgy.

As others have said, it’ll buy us time, but how much time. I’ll be bold, which I hope I’m wrong in, but we’re staring down the barrel of being the next Portsmouth here.

Desperate times.