777 Partners / Whatever the hell you like

[Kevsleftpeg]

FCA could block it.

On what basis? Not sure football transfers are in their remit.

 

[Eggsyblueskin]

On what basis? Not sure football transfers are in their remit.

What transfer?
They are part of the fit and proper persons process for owners .

 

[Azza]

Mentioned this earlier.

Some of it really feels orchestrated.

Straight out of the Prentice playbook.


* everything is terrible the club is in serious trouble *

* Here comes 'insert name here' to save the day *

* Guess who's managed to sort out this deal to save Everton everyone... The worlds biggest blue, Chairman Bill *

 

[AndyRJ]

Asking and getting are two different things.

I'm not a commercial law expert but I would expect that there will be a change of ownership clause in the loans that require the loan to be repaid when the owner sells.

I don't think it will be definitive requirement but I do agree that they will have the ability to call in the loans upon change of ownership.

Given the negativity surrounding 777 I expect that MSP and R&M would certainly be looking for their money back rather than renegotiating or transferring the loan.

 

[Hadders]

What transfer?
They are part of the fit and proper persons process for owners .

Yep.. https://www.premierleague.com/news/3124956

 

[sam17]

FCA could block it.

I worked on a large project a couple of years ago, securing FCA approval for a company I previously worked with.

The owner of the firm wasn’t able himself to get FCA accreditation due to his past misdemeanours. They were still more than happy to provide the approval to the company after he brought in a squeaky clean individual to head up the function.

I don’t think the FCA will have to much concern other than money laundering regs, but that is part of the overall test, so I’m not sure that will be an issue.

 

[davek]

He will be repeating what Prentice told him.

Of course he is. He's a creature of the club. A hired hand.

His performance in the transfer windows underlines that.

We're being served badly here though:

On the one hand we have Myers with his land of milk and honey tweets, and then on the other hand we have 'others' who are determined to portray us on the cusp of going out of business.

I suggest that the reality is somewhere in between.

 

[Kevsleftpeg]

What transfer?
They are part of the fit and proper persons process for owners .

Sorry, I meant transaction. I might be missing something but I can’t find anything about them being involved. I thought they just regulate financial services?

 

[Jay]

I don't think it will be definitive requirement but I do agree that they will have the ability to call in the loans upon change of ownership.

Given the negativity surrounding 777 I expect that MSP and R&M would certainly be looking for their money back rather than renegotiating or transferring the loan.

It's all speculations now, but it's being reported that they won't pay much now to Moshiri for his shares, they will pay him later on, requesting the same from MSP and R&M, it means they don't have the capital right now, so if MSP and/or R&M refuse the request, the whole deal can collapse

 

[Kevsleftpeg]

I worked on a large project a couple of years ago, securing FCA approval for a company I previously worked with.

The owner of the firm wasn’t able himself to get FCA accreditation due to his past misdemeanours. They were still more than happy to provide the approval to the company after he brought in a squeaky clean individual to head up the function.

I don’t think the FCA will have to much concern other than money laundering regs, but that is part of the overall test, so I’m not sure that will be an issue.

Why are the FCA involved though? We’re not a financial services firm.

 

[Toffe3m4n]

Mentioned this earlier.

Some of it really feels orchestrated.

Whilst I agree, and playing Devil's Advocate here - does it not also apply to a lot of the 'noises' we've also been hearing on the flipside?

I keep hearing about how this lot may as well be a mafia outfit that are out to bleed the club dry.. but a lot of that sentiment seems unfounded and generally doesn't make much sense to me from a purely business perspective..

 

[blueblue]

I thought this was the very place for crazy theories and speculation, I wasn’t aware we were making policy on here.

As long as you realise they are crazy theories and not fact... there seem to be some on here unable to make that distinction.

 

[Eggsyblueskin]

Sorry, I meant transaction. I might be missing something but I can’t find anything about them being involved. I thought they just regulate financial services?

They have been brought into the new toughened up PL vetting process , it’s been well reported .

 

[Ferguson1878]

Mentioned this earlier.

Some of it really feels orchestrated.

straight out the prenno playbook

 

[Toffe3m4n]

Of course he is. He's a creature of the club. A hired hand.

His performance in the transfer windows underlines that.

We're being served badly here though:

On the one hand we have Myers with his land of milk and honey tweets, and then on the other hand we have 'others' who are determined to portray us on the cusp of going out of business.

I suggest that the reality is somewhere in between.

Agree Dave