777 Partners / Whatever the hell you like

[malcson]

the numbers involved here are eye watering for us, Joe Public, but in football takeover terms they are still relatively small. Forbes valuations of the top 30 clubs in the world has us at 25th. https://www.forbes.com/lists/soccer-valuations/?sh=4692bc91198b
To an outside investor, Everton, even with stadium costs and loans, is a cheaper option than trying to take over an existing champions league club- by billions of pounds. Moshiri should be appointing a broker to sell the club. The figures touted to by Man Utd recently were upwards of £5 billion. It would cost a fraction of that to buy Everton, settle all debts and meaningfully finance the playing squad. There are better options out there than 777. People/groups with the actual cash themselves rather than relying on debt financing like 777 are.

They did.

 

[Rich1878]

I don't know much about these or exactly what is going on.

But I have a bad, bad feeling about this !

 

[malcson]

Administration is not a financial disaster for the club, the points deduction that would come with it is what will really hurt. If it becomes inevitable, would be better to get it done this season if looking likely we go down rather than start off in the Championship with a points deduction.

Someone would definitely buy Everton from administrators, and would then have a cleaner deck to start to build from.

 

[ToffeeTim]

Opportunity cost of capital.

Also, so they can make a profit on paper, let’s the interest accrue on the EFC balance sheet (I don’t think it would be paid in cash, but could be wrong), then the principal of the loan and accrued interest are converted to equity.

That's possible

But in terms of cashflow, they are not going to do something that will potentially put the asset they are about to acquire into further financial trouble. That would make no sense. All we know so far is that they have provided a loan - clearly we need funds for cashflow. I just don't see us paying them a huge rate of interest.

 

[ToffeeTim]

Reaching out to fan groups is the sort of engagement he’s always asking for, but he’s still throwing a tantrum because they aren’t reaching out to specifically him.

Wouldn't reaching out to individuals rather than wider groups be the wrong thing to do? This is nothing against Paul personally, but surely they need to engage with the fanbase on a collective basis as far as possible, to get a wide range of opinion.

 

[chicoazul]

777 have reached out to Keith Hamish @chicoazul can you confirm this please.

My price is full control of the club’s twitter account for 24 hours. A fair and noble price I’m sure we can all agree.

 

[ToffeeTim]

Always nice to hear we are being lent money to help with day-to-day running of a PL football club by a group of people that might not even end up owning us.

It's not good at all.

But it's better than the next step. Which is needing loans to fund the day to day running of the club but not being able to acquire any funds

We need the takeover through as soon as possible. Moshiri has no ability to fund the club anymore.

 

[Richard Alex]

Hate Kenwright with a passion. All roads lead to this cretin.
How he sleeps at night is beyond me. I don’t wish any harm to anybody but he’s the exception.
No way he’s an Everton fan, no way.

 

[Duncan Donuts]

the numbers involved here are eye watering for us, Joe Public, but in football takeover terms they are still relatively small. Forbes valuations of the top 30 clubs in the world has us at 25th. https://www.forbes.com/lists/soccer-valuations/?sh=4692bc91198b
To an outside investor, Everton, even with stadium costs and loans, is a cheaper option than trying to take over an existing champions league club- by billions of pounds. Moshiri should be appointing a broker to sell the club. The figures touted to by Man Utd recently were upwards of £5 billion. It would cost a fraction of that to buy Everton, settle all debts and meaningfully finance the playing squad. There are better options out there than 777. People/groups with the actual cash themselves rather than relying on debt financing like 777 are.

Moshiri can’t find a single ‘decent’ buyer for the club. How much do you think an auction for Everton would go up to?

 

[Rich1878]

Moshiri can’t find a single ‘decent buyer’ for the club. How much do you think an auction for Everton would go up to?

Probably see us on Dickies Real Deal soon

 

[blueblood]

It’s the stadium financing that’s crippling us. The football side of things is finally in a financially sounder position, but the cost of the stadium is currently unaffordable as Moshiri can’t/won’t pay any more and our credit rating means we can’t find a decent lender. If 777 are the only buyers we can find who can raise funds for the stadium, then they are a better option than Moshiri. My issue is I can’t believe in the whole wide world they are the best we can do.

 

[MrGrumpy]

when the deal was announced, Moshiri said “The stadium is fully funded” this loan is clearly to finish the stadium funding.

The R&M thing is probably the final piece of the stadium funding, don’t think it’s as bad as everyone making out

 

[Sussex]

777 akin to legalised loan sharks.

Moshi deserves all he is getting. He put us in this ridiculous situation. 95% wage bill of turnover. Now he either has turned the tap off to the endless millions he had access to or the put has run dry (or both). He is scrapping around for a way out and for him to get "something" once this is all done. The most recent loan (how many loans do we have?) is to do with cashflow. Short term fix. Sharks are circling and potentially can see a kill here.

777, if they can pass the fit and proper persons test, will just convert the debt to equity upon sale completion. Or, whatever the rate % they are lending at, they can see them either getting the club cheaper or getting their money back. Chancers, legalised loan sharks.

If they do get their hands on us, then what, somehow find and raise cash to finish the stadium. Then flip us for a tidy sum. The next five years ain't going to be pretty.

 

[mccole]

We have taken loans to keep the lights on and keep ticking over before we are "taken over"

I am praying that 777 have a buyer/big fish investors lined up to sell on like Staveley with Newcastle.

Either that or Putin dies.

 

[MrGrumpy]

777 akin to legalised loan sharks.

Moshi deserves all he is getting. He put us in this ridiculous situation. 95% wage bill of turnover. Now he either has turned the tap off to the endless millions he had access to or the put has run dry (or both). He is scrapping around for a way out and for him to get "something" once this is all done. The most recent loan (how many loans do we have?) is to do with cashflow. Short term fix. Sharks are circling and potentially can see a kill here.

777, if they can pass the fit and proper persons test, will just convert the debt to equity upon sale completion. Or, whatever the rate % they are lending at, they can see them either getting the club cheaper or getting their money back. Chancers, legalised loan sharks.

If they do get their hands on us, then what, somehow find and raise cash to finish the stadium. Then flip us for a tidy sum. The next five years ain't going to be pretty.

The stadium now funded