That idea was thought of back in 2016 at the start to raise 40 million.
But it got pulled as it's a bad look to expect a Billionaire to do and he put the money in himself.
777 Partners / Whatever the hell you like
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That idea was thought of back in 2016 at the start to raise 40 million.
But it got pulled as it's a bad look to expect a Billionaire to do and he put the money in himself.
They veto’ed the MSP deal as it would have been a minority investment only, and R&M didn’t think the amount MSP were paying for their share (25%) was a fair reflection of the shares worth, and as R&M have a security in the club, didn’t agree to it.
A full takeover (which I was implying), would see the new investor buying all of Moshiri’s shares AND paying off the R&M loan / facility. R&M in this case wouldn’t have a say in the matter as long as the new investor agreed to settle any existing debt that Everton had with R&M.
A full takeover by a wealthy investor- e.g. Jim Ratcliffe or the Qataris, would involve clearing debt. Lenders like Bill’s shady mates would have their money paid back with an early settlement charge, a bit like if you were to pay off your mortgage early and have to pay a fee. 777 and MSP don’t have the funds to buy the club AND pay of debts, which is why existing lenders have a significant say over who invests in the club as it impacts on their investment/loan.
You buying? Pint of bleach please mate!
Ah OK. Thanks.
Surely any investor then will try and do a deal whereby they get the club for a nominal amount and take on the debts.
Martin Alvito
Player Valuation: £50m
The math for this sale just doesn't work. If the cash bleed is to the tune of a quarter of a billion pounds annually, which is consistent with the claim that we still need two hundred million to finish the stadium, next year we'll be 600 million pounds in debt. The stadium will not generate enough new revenue to pay the interest on the loans, much less let 777 take out enough to pay their own interest charges for the portion of the club purchase they finance.
Piling debt on the club like this will just make the inevitable fall worse when it happens. If we stay up, we'll have to sell players to keep the flow of payments going, and we'll end up with a League One roster of players. The only way I can see us dodging administration is if the Prem blocks the sale, and Moshiri has to slash his asking price to attract a buyer with actual capital who can clear the debts.
Piling debt on the club like this will just make the inevitable fall worse when it happens. If we stay up, we'll have to sell players to keep the flow of payments going, and we'll end up with a League One roster of players. The only way I can see us dodging administration is if the Prem blocks the sale, and Moshiri has to slash his asking price to attract a buyer with actual capital who can clear the debts.
We aren't even attractive to a sports washing investment
depressing stuff
That’s why I think a broker should be involved- like Amanda Staveley did with Newcastle. In many ways we’re better suited to sports washing/ wealthy benefactor with the new stadium. It could easily be the ‘Qatar Airways Stadium’ or the ‘Ineos stadium.’
Yeah i could see them having a short term view with us aswell with them getting the stadium done. Then hopefully see them increase the revenue at the club making the books look better. So they can get the most money they can get
pfim
Player Valuation: £40m
That’s a takeover with a recapitalization.
A full takeover just means control moves from one group or person to another.
No one is looking to recapitalize Everton under Moshiris terms.
Agreed
Amazing to me how the Qatari kept upping his bid(getting shafted by the glaziers) when he could buy us for a fifth of that and do a serious job
Might not be in it for the long haul and Utd would of course be a better vanity project at the moment
The fact nobody but dodgy vulture funds are looking at us is astounding.
Still a PL club with most of a stadium built as you say.
We have the legacy too, just needs a bit of dusting
The only thing thats gives me any solace is looking at Man Citys recent performance. They sank to the lowest of low and then rose up to be where they are now - the noise around FFP will fizzle out for them im sure.
Maybe we are getting close to our own low point, perhaps FFP will sink us lower who knows. Perhaps 777 can do something to stop the rot, or perhaps they will be our new low point. In any case we need some 'disruption' to stop the steady decline caused by Kenwright and his lack if vision. Its all risdiculously depressing.
Maybe we are getting close to our own low point, perhaps FFP will sink us lower who knows. Perhaps 777 can do something to stop the rot, or perhaps they will be our new low point. In any case we need some 'disruption' to stop the steady decline caused by Kenwright and his lack if vision. Its all risdiculously depressing.
If a serious billionaire or state fund came in for us, more likely than not it would be a straight out purchase of Moshiri’s shares at an agreed upfront price, settle all outstanding debts that they want to (or that are required to to allow the takeover to be completed), and start again from scratch.
We need someone with a really long term view.
Cake
Player Valuation: £1m
Very true it isn’t the best but it’s the best financial state the football club has been in for a considerable time, as desperate as that may be. 777 have no interest in the football club… yet.
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