777 Partners / Whatever the hell you like

[ForeverEverton]

We have been losing around 100 million quid a year and Moshiri can't touch his money to put any into us.

In addition to regular operating losses we will now be incurring heavy debt payments to account for the shortfall further digging us into the hole of administration.

If the takeover doesn't happen our options are either to take on more loans, likely with obscene terms as we have nothing to secure it against, or we fail to pay our bills.

Last set of accounts shows we lost £50m, not quite the £20m a month, to keep the lights on, all the journos are slinging around.

 

[malfosse]

God no.

I will never love another.

It's just an addiction for me now. When one of us are dead then, the addiction will stop.

 

[Lee Smith]

Since headlocking Denise it's difficult to tell fact from fiction with this lot, the scary thing is though rumours or not, they're believable

 

[Streetender1878]

Theres so much speculation going on in the media. Numbers are being thrown round in articles that dont have a single quote in them. Blues read them and they then go around social media and become worse and worse. We need to win a few games of football and get the press off our case.

 

[Dublin blue 75]

Apologies if already presented but there are funding alternatives out there...

Sources: Chelsea near $500m investment deal

Chelsea are close to agreeing a $500 million investment from U.S. firm Ares Management to help finance the club's expansion plans including a new stadium, sources have told ESPN.

www.espn.co.uk

Chelsea are close to agreeing a $500 million investment from U.S. firm Ares Management to help finance the club's expansion plans including a new stadium, sources have told ESPN.

Chelsea have met with various potential investors as they seek to raise funds for further growth projects and Ares, an alternative asset manager, is nearing a deal to provide a capital injection, sources have said.

Chelsea's transfer spending since Todd Boehly and Clearlake Capital completed their takeover of the club last May has surpassed £1 billion ($1.23bn) but sources close to both the ownership and the club continue to insist there are no short-term cashflow issues or concerns about compliance with Uefa's financial fair play rules.

Instead, the new money is expected to form part of a fund designed to help the club either rebuild or move away from Stamford Bridge, improving their training base at Cobham as well as pursuing a multiclub model which Boehly and Clearlake believe is essential for future growth.

Sources have suggested Portuguese side Sporting Lisbon is one club viewed as a prime candidate to form part of the multiclub model.

Ares, Chelsea and representatives for Boehly all declined to comment when contacted by ESPN.
Former Chelsea director Mike Forde now works as an adviser for Ares, and sources have told ESPN he has played a key role in the deal.

Boehly and Clearlake agreed a £4.25bn deal to buy Chelsea from Roman Abramovich last year, which comprised a £2.5bn sale price plus a commitment to invest a further £1.75bn in "further investment for the benefit of the club."

They are yet to decide whether it would be possible to redevelop the current Stamford Bridge site or move elsewhere, although it remains to be seen whether the Chelsea Pitch Owners, an independent not-for-profit company which owns the stadium freehold and the name Chelsea FC, could be convinced to sanction relocating the club.

In July, the club took a significant step towards staying at Stamford Bridge by agreeing an £80m deal to buy the 1.2-acre Sir Oswald Stoll Mansions site next to the existing plot.

That deal is subject to a resident consultation period, which ends on Wednesday.

However, even the completion of that deal would not guarantee that Chelsea remained at Stamford Bridge given the ongoing complexities of redeveloping the site.

Former Chelsea captain John Terry is also reportedly part of a consortium to have held talks with Boehly over fresh investment.

 

[TheWinslowBoy]

Apologies if already presented but there are funding alternatives out there...

Sources: Chelsea near $500m investment deal

Chelsea are close to agreeing a $500 million investment from U.S. firm Ares Management to help finance the club's expansion plans including a new stadium, sources have told ESPN.

www.espn.co.uk

Chelsea are close to agreeing a $500 million investment from U.S. firm Ares Management to help finance the club's expansion plans including a new stadium, sources have told ESPN.

Chelsea have met with various potential investors as they seek to raise funds for further growth projects and Ares, an alternative asset manager, is nearing a deal to provide a capital injection, sources have said.

Chelsea's transfer spending since Todd Boehly and Clearlake Capital completed their takeover of the club last May has surpassed £1 billion ($1.23bn) but sources close to both the ownership and the club continue to insist there are no short-term cashflow issues or concerns about compliance with Uefa's financial fair play rules.

Instead, the new money is expected to form part of a fund designed to help the club either rebuild or move away from Stamford Bridge, improving their training base at Cobham as well as pursuing a multiclub model which Boehly and Clearlake believe is essential for future growth.

Sources have suggested Portuguese side Sporting Lisbon is one club viewed as a prime candidate to form part of the multiclub model.

Ares, Chelsea and representatives for Boehly all declined to comment when contacted by ESPN.
Former Chelsea director Mike Forde now works as an adviser for Ares, and sources have told ESPN he has played a key role in the deal.

Boehly and Clearlake agreed a £4.25bn deal to buy Chelsea from Roman Abramovich last year, which comprised a £2.5bn sale price plus a commitment to invest a further £1.75bn in "further investment for the benefit of the club."

They are yet to decide whether it would be possible to redevelop the current Stamford Bridge site or move elsewhere, although it remains to be seen whether the Chelsea Pitch Owners, an independent not-for-profit company which owns the stadium freehold and the name Chelsea FC, could be convinced to sanction relocating the club.

In July, the club took a significant step towards staying at Stamford Bridge by agreeing an £80m deal to buy the 1.2-acre Sir Oswald Stoll Mansions site next to the existing plot.

That deal is subject to a resident consultation period, which ends on Wednesday.

However, even the completion of that deal would not guarantee that Chelsea remained at Stamford Bridge given the ongoing complexities of redeveloping the site.

Former Chelsea captain John Terry is also reportedly part of a consortium to have held talks with Boehly over fresh investment.

Presumably we could get a deal with an anagram of Ares Management.

 

[ChrisPW75]

Last set of accounts shows we lost £50m, not quite the £20m a month, to keep the lights on, all the journos are slinging around.

Do those accounts you refer to include the losses on the stadium? I thought for ffp reasons they were legitimately kept separate?

If they are then the stadium costs will be in addition?

 

[mahermi1]

Theres so much speculation going on in the media. Numbers are being thrown round in articles that dont have a single quote in them. Blues read them and they then go around social media and become worse and worse. We need to win a few games of football and get the press off our case.

Would be nice if maybe a stayaway owner/Moshiri/ Chairman (lol) Kenwright/ Head of Communications Prentice, would even try and put an end to the speculation. God knows in the case of Kenwright and Prentice, they are being paid enough.

 

[Efcjake]

Last set of accounts shows we lost £50m, not quite the £20m a month, to keep the lights on, all the journos are slinging around.

Yeah and what about the four years before that?h They all show around 100 million in losses.

If we assume that the 50 mil lost last year will be reduced by wages coming off the books and sold players then we might be somewhat breaking even.

That's a big assumption though as it's been widely known that the last two years of transfer business have all been installments deals. Maybe we spent nothing up front this summer but we still have installments for Mykolenko, Maupay, McNeill and Onana to pay off.

Any shortfalls to operating expenses are being covered with these loans, and incurring more interest servicing payments.

Part of me suspects that this loan from 777 is to prevent the club from continuing to extend the ridiculous agreement with Rights and Media funding Ltd as they're due immediate repayment at their terms and rates upon any takeover.

 

[Moomin]

Last set of accounts shows we lost £50m, not quite the £20m a month, to keep the lights on, all the journos are slinging around.

Now we have loan payments to make which we didn't have on them accounts.

The 30 million figure per month we need to pay will be about right once you include the stadium build costs.

 

[LEONARD]

Already dodgy dealings with my club in Germany.

Hertha Berlin: Former owner confirms 777 Partners paid less than €15m up front for majority stake​

Ex-owner Lars Windhorst has yet to be paid in total for his stake.​

 

[mahermi1]

Give me a good reason why it won`t happen?

We are Everton. Need anymore ?

 

[OneTrueLegend]

Last set of accounts shows we lost £50m, not quite the £20m a month, to keep the lights on, all the journos are slinging around.

If you look at our costs as well, player salaries last financial year was £99m and currently its £65m, so we are heading in the correct direction to bring that down. We also brought in over £70m in player sales, we committed to spend £35m, but the Beto Fee around £22m, we don't start paying till next year.

I think this is probably around cash flow for the stadium, Moshiri probably doesnt want to pay the next payment that is due for the stadium, as hes going. 777 are taking over so they are paying it instead, through this loan.

 

[mahermi1]

Just hope that whatever happens Moshiri, Kenwright and the former board who quit are all brought to account for the dire mismanagement of Everton fc. There is a serious dereliction of duty and Company Directors should pay the price. I truly despise them all.

 

[ForeverEverton]

Do those accounts you refer to include the losses on the stadium? I thought for ffp reasons they were legitimately kept separate?

If they are then the stadium costs will be in addition?

Yes the accounts are the total accounts not just the FFP calculation...