777 Partners / Whatever the hell you like

[ForeverBlue92]

Vasco now under a transfer ban for those late payments

@blulouie

 

[Eggsyblueskin]

Vasco now under a transfer ban for those late payments

Surely this is further evidence as to why this group are not ‘fit and proper persons’ to own any PL club .
If the test has been made tougher as promised they should have a snowballs chance in hell of becoming our owners.

 

[Terrarian]

How many red flags do we need. this is going to end in disaster isn't it? ffs

How can they buy us when they can't even afford the leccy bill at vasco, not good at all this.

 

[summerisle]

Morning :



Rest of the thread :

2h
*With £440m of existing shareholder debt & £350m approx of external debt, how will 777 treat the debt burden created by Moshiri?
the esk
@theesk
·
2h
In addition the future capex requirement is significant for any purchaser of Everton including future stadium funding (£250m plus ?) & investment in the squad
*What are your funding plans?
* To what extent will you rely on debt?
the esk
@theesk
·
2h
* The board & executive teams need a complete overhaul. What are your recruitment plans & how will you compete with the largest clubs for the best talent?
*What are your objectives for the business and as investors what is your medium/long term plan & exit route/time frame?
the esk
@theesk
·
2h
From a footballing perspective

*Within the constraints of existing PL regulations & the P&L position of the club how do you meet the obvious investment needs of the squad?
*Recruitment has been Everton's greatest problem for many years. How do you propose to improve that?
the esk
@theesk
·
2h
*How will your multiclub model assist in the above?
*Your portfolio is expanding. How will you allocate management resources to satisfy our considerable short & medium term transition needs?
*What will distinguish your approach to us compared with your existing portfolio?
the esk
@theesk
·
2h
More generally what is your plan for the highest levels of governance & meaningful fan engagement?
the esk
@theesk
·
2h
Finally what specific resources & expertise exists within the 777 ownership group to allow Evertonians to truly believe you can return us to the top of the domestic & European competitions in line with our club motto, NSNO

 

[The binman chronicles]

Morning :



Rest of the thread :

2h
*With £440m of existing shareholder debt & £350m approx of external debt, how will 777 treat the debt burden created by Moshiri?
the esk
@theesk
·
2h
In addition the future capex requirement is significant for any purchaser of Everton including future stadium funding (£250m plus ?) & investment in the squad
*What are your funding plans?
* To what extent will you rely on debt?
the esk
@theesk
·
2h
* The board & executive teams need a complete overhaul. What are your recruitment plans & how will you compete with the largest clubs for the best talent?
*What are your objectives for the business and as investors what is your medium/long term plan & exit route/time frame?
the esk
@theesk
·
2h
From a footballing perspective

*Within the constraints of existing PL regulations & the P&L position of the club how do you meet the obvious investment needs of the squad?
*Recruitment has been Everton's greatest problem for many years. How do you propose to improve that?
the esk
@theesk
·
2h
*How will your multiclub model assist in the above?
*Your portfolio is expanding. How will you allocate management resources to satisfy our considerable short & medium term transition needs?
*What will distinguish your approach to us compared with your existing portfolio?
the esk
@theesk
·
2h
More generally what is your plan for the highest levels of governance & meaningful fan engagement?
the esk
@theesk
·
2h
Finally what specific resources & expertise exists within the 777 ownership group to allow Evertonians to truly believe you can return us to the top of the domestic & European competitions in line with our club motto, NSNO

Useless asking them anything. Saying and doing is two completely different things. I'd just ask them why has a club they bought have a transfer ban through late payments.

 

[Eggsyblueskin]

Morning :



Rest of the thread :

2h
*With £440m of existing shareholder debt & £350m approx of external debt, how will 777 treat the debt burden created by Moshiri?
the esk
@theesk
·
2h
In addition the future capex requirement is significant for any purchaser of Everton including future stadium funding (£250m plus ?) & investment in the squad
*What are your funding plans?
* To what extent will you rely on debt?
the esk
@theesk
·
2h
* The board & executive teams need a complete overhaul. What are your recruitment plans & how will you compete with the largest clubs for the best talent?
*What are your objectives for the business and as investors what is your medium/long term plan & exit route/time frame?
the esk
@theesk
·
2h
From a footballing perspective

*Within the constraints of existing PL regulations & the P&L position of the club how do you meet the obvious investment needs of the squad?
*Recruitment has been Everton's greatest problem for many years. How do you propose to improve that?
the esk
@theesk
·
2h
*How will your multiclub model assist in the above?
*Your portfolio is expanding. How will you allocate management resources to satisfy our considerable short & medium term transition needs?
*What will distinguish your approach to us compared with your existing portfolio?
the esk
@theesk
·
2h
More generally what is your plan for the highest levels of governance & meaningful fan engagement?
the esk
@theesk
·
2h
Finally what specific resources & expertise exists within the 777 ownership group to allow Evertonians to truly believe you can return us to the top of the domestic & European competitions in line with our club motto, NSNO

All questions that need answering regardless of who asking them!
Although ,given their business profile, I wouldn’t trust their answers.

 

[Eggsyblueskin]

They appear to be big on promises but short on delivery in general.
Just a bunch of sharks picking off the wounded.
We should be beating them of with paddles, not dipping our hands into the water to attract them !!!

 

[Sussex]

Is the fit and proper persons test more stringent in the PL then in the Italian league or any other League?

 

[Eggsyblueskin]

Is the fit and proper persons test more stringent in the PL then in the Italian league or any other League?

It is meant to be , especially with its recent revamp.
I suppose we shall see .
If these get past it , it will prove it’s still not fit for purpose.

 

[Dougie]

Is the fit and proper persons test more stringent in the PL then in the Italian league or any other League?

The brown envelope is just bigger than the other leagues

 

[Mrbluenose]

Best case scenario for me is that their backers, whomever they are, put in more coin where we are concerned because the rewards are far greater in the Prem.

Clutching at straws? Maybe. But there is a lot more in it for them if they make us a success as opposed to the likes of Vasco and Genoa.

 

[chippy1722]

Just because the general public doesn't know exactly what the price is, doesn't mean it isn't known.

777 have made it known that they do not want to repay the debts. R&M is on board seemingly, MSP is not.

The remaining compensation to Moshiri is apparently in large part based on performance, which is the part that you're missing. The payment is deferred.

Meaning, not much cash is changing hands at closing, just as they got a deal on Hertha Berlin.

It's not cheap, just the opposite. Moshiri held out for a price, 777 is willing to pay that price at a future date assuming everything goes to plan.

Meaning 777 is willing to pay more than most because Moshiri is effectively financing it for them. That is how they are purchasing it without having the cash to do so.

Moshiri desires 777 because he's getting a price he can't get elsewhere from groups with actual cash.

So 777 doesn't have to put up as much cash as they would in other deals. Moshiri gets his price. The debt likely goes nowhere.

So 777 are copying our transfer policies, where we pay over the odds as long as they wait for the money.

 

[Sussex]

It is meant to be , especially with its recent revamp.
I suppose we shall see .
If these get past it , it will prove it’s still not fit for purpose.

Not sure you answered the question posed

They recently bought Genoa. How tough is the Italian fit and proper persons test compared to our recent revamp in the PL?

Given what we know and what we don't know about 777, my hope is that the PL test is harder than the Italian one and they don't / can't buy us. Or as Dougie said, bigger brown envelopes come into play

 

[billybadger]

Ask them if they intend to keep Bill Kenwright?

 

[Tony’s Carp]

Morning :



Rest of the thread :

2h
*With £440m of existing shareholder debt & £350m approx of external debt, how will 777 treat the debt burden created by Moshiri?
the esk
@theesk
·
2h
In addition the future capex requirement is significant for any purchaser of Everton including future stadium funding (£250m plus ?) & investment in the squad
*What are your funding plans?
* To what extent will you rely on debt?
the esk
@theesk
·
2h
* The board & executive teams need a complete overhaul. What are your recruitment plans & how will you compete with the largest clubs for the best talent?
*What are your objectives for the business and as investors what is your medium/long term plan & exit route/time frame?
the esk
@theesk
·
2h
From a footballing perspective

*Within the constraints of existing PL regulations & the P&L position of the club how do you meet the obvious investment needs of the squad?
*Recruitment has been Everton's greatest problem for many years. How do you propose to improve that?
the esk
@theesk
·
2h
*How will your multiclub model assist in the above?
*Your portfolio is expanding. How will you allocate management resources to satisfy our considerable short & medium term transition needs?
*What will distinguish your approach to us compared with your existing portfolio?
the esk
@theesk
·
2h
More generally what is your plan for the highest levels of governance & meaningful fan engagement?
the esk
@theesk
·
2h
Finally what specific resources & expertise exists within the 777 ownership group to allow Evertonians to truly believe you can return us to the top of the domestic & European competitions in line with our club motto, NSNO

He gets plenty of stick but those are all very reasonable and important questions.