777 Partners / Whatever the hell you like

[Exeter_Gently]

Shame. Bunch of absolute whoppers on that channel. All they do is put the fans down.

Baz is ok....But that Ped la...proper arl woman him,with an unhealthy admiration for Heir Klopp.

 

[Exeter_Gently]

If you don't want to buy insurance off 777...don't buy it.

 

[DanB90]

I'm hoping 777 are going to build a football team group similar to the city group.. Seeing as they hired last year the fella that built the city group for 10 years!

Everton and Sevilla at the top. The others are feeders and part of the scouting network. We send players out on loan to them etc etc..

But being Everton, that won't happen.

That’s my hope as well, but do they have anywhere near the access to funds city group have?

I guess my main concern is they aren’t coming in to asset strip us (what assets? lel) and lease us the stadium at a premium rate.

 

[Bayboy]

We've heard this deal as being described as 'performance related', and I suppose many of us have assumed much if not all of that will be Premiership survival.
In that case does that mean that if we are relegated, will 777 get us on the cheap?
If that's correct then you do wonder how much effort will be put in to keeping us up.

 

[Petit]

Imagine Baz and Ped being our new communications team when 777 come in (I'd unironically enjoy Baz getting that gig)

or Ped shouting

Shame. Bunch of absolute whoppers on that channel. All they do is put the fans down.

No they don’t. They stick up for the fans.

 

[Tony’s Carp]

They have admitted multiclub ownership is about diversifying their exposure to risk. View attachment 228585

Hmm, when you read the actual words he doesn’t actually say “fails”, certainly not in a business failing sense. The conclusion in the last para there is a bit disingenuous.

What he’s talking about is actually fairly sensible: unlike US sports where the closed shop protects them, in football owners and investors can have tens of millions riding on a kick of a ball, or a bad decision or a single player error. Investors don’t like exposure to those risks.

So building a portfolio of clubs makes sense as you hedge a bit against the short term variances of football and lessen your exposure to short term events.

I don’t know if it’s their strategy but it would make sense to build a ready made portfolio of clubs then make money selling shares in that portfolio to investors who see the potential in football as a whole but want to spread the on-pitch risk of owning just one club.

 

[HalfTimeSayers]

We've heard this deal as being described as 'performance related', and I suppose many of us have assumed much if not all of that will be Premiership survival.
In that case does that mean that if we are relegated, will 777 get us on the cheap?
If that's correct then you do wonder how much effort will be put in to keeping us up.

It does sound like it should be a concern, but I was part of a large acquisition a couple of years ago with contingent consideration (I.e. the final price varies depending on performance after the acquisition has happened). The S&P agreement is hugely prescriptive about what must and must not happen, in basic terms stopping you cratering the business in order to affect the price. We certainly could get relegated due to our current squad, but there is no chance at all they could sell Pickford, Dom, Beto and buy JPG back in January to deliberately ensure we go down, or lock the gates at FF so we can’t train (not sure that would make much difference).

Let’s be honest, they have a 50:50 chance of it happening naturally.

 

[MrGrumpy]

It does sound like it should be a concern, but I was part of a large acquisition a couple of years ago with contingent consideration (I.e. the final price varies depending on performance after the acquisition has happened). The S&P agreement is hugely prescriptive about what must and must not happen, in basic terms stopping you cratering the business in order to affect the price. We certainly could get relegated due to our current squad, but there is no chance at all they could sell Pickford, Dom, Beto and buy JPG back in January to deliberately ensure we go down, or lock the gates at FF so we can’t train (not sure that would make much difference).

Let’s be honest, they have a 50:50 chance of it happening naturally.

I Duno the Wigan owner had a 40 mil bet Wigan would go down and when they looked safe he threw them in to administration despite only owning them for a few months

 

[Bayboy]

It does sound like it should be a concern, but I was part of a large acquisition a couple of years ago with contingent consideration (I.e. the final price varies depending on performance after the acquisition has happened). The S&P agreement is hugely prescriptive about what must and must not happen, in basic terms stopping you cratering the business in order to affect the price. We certainly could get relegated due to our current squad, but there is no chance at all they could sell Pickford, Dom, Beto and buy JPG back in January to deliberately ensure we go down, or lock the gates at FF so we can’t train (not sure that would make much difference).

Let’s be honest, they have a 50:50 chance of it happening naturally.

But it doesn't need to be as obvious as selling our best players. All they need to do is keep Dyche until the end of the season and starve him of any funds in the January transfer window.

 

[Tramps_mate]

That’s my hope as well, but do they have anywhere near the access to funds city group have?

I guess my main concern is they aren’t coming in to asset strip us (what assets? lel) and lease us the stadium at a premium rate.

They need some serious backing..

The Qatar lot could do worse than to invest in that rather than Manu..

 

[jerseytoffee]

If you don't want to buy insurance off 777...don't buy it.

It’s quite simple really isn’t it!

Maybe the idea of giving your money to Everton and helping the clubs finances rather than some unknown already rich business owner/investor isn’t that bad a thing really

 

[Jeff Jones]

I'm hoping 777 are going to build a football team group similar to the city group.. Seeing as they hired last year the fella that built the city group for 10 years!

Everton and Sevilla at the top. The others are feeders and part of the scouting network. We send players out on loan to them etc etc..

But being Everton, that won't happen.

Don't Everton have a history of hiring people to the board who have been great achievers at other clubs, but who fail when they
get here.

 

[Marius57]

Don't Everton have a history of hiring people to the board who have been great achievers at other clubs, but who fail when they
get here.

Our current board - kenwright, 2 accountants and a construction specialist.
Our previous board - kenwright, a finance consultant, a charity head and a former player.

Prior to that, a couple of Usmanovs plants, a glorified scout, a few businessmen like Robert Earl.

Thats off the top of my head. But in recent times, we haven’t had many board members who actually have any success at running football clubs.

 

[nsno-chris]

Don't Everton have a history of hiring people to the board who have been great achievers at other clubs, but who fail when they
get here.

Like who?

 

[Jeff Jones]

Like who?

I'll have to look it up - I've got a bad memory for names - but the bloke from Leicester, Walsh, was it?, and there was at least one other.