777 Partners / Whatever the hell you like

[Toffeeslam]

I`m glad you are so well connected, can you tell us the specifics behind the 777 deal..... right....

You have no idea, absolute guesswork from what is available to you.

Yes, I too don`t know but to state this as fact would be inaccurate.

Did you hear any reports other than 777 in the running then ?

If so name them

 

[kenada_blue]

Looks like the Esk had a 2hr chat with their CEO or something and came to the conclusion we're gonna be shafted.

Nice.

 

[Joey66]

Looks like the Esk had a 2hr chat with their CEO or something and came to the conclusion we're gonna be shafted.

Nice.

Yep, here's our guy celebrating -

 

[MikeH72]

Why is this taking so long? Why is it “the last quarter of the year” for it to be completed?

 

[AndyC]

Why is this taking so long? Why is it “the last quarter of the year” for it to be completed?

Probably 10-12 weeks got the Premier League to complete their due diligence on 777, and then to make a decision.

 

[Tipp blue]

Probably 10-12 weeks got the Premier League to complete their due diligence on 777, and then to make a decision.

The more I hear about 777 the more I feel the PL will put them.

 

[brieverton]

Is there anything to suggest the PL will apply a more stringent test, than say, Serie A for Genoa?

Some information in this regard would be helpful specifically if the "tests' are based on measured criteria, or a more loose subjective judgement.

 

[Joey66]

We need another buyer - they will asset strip us look at their record FGS -

 

[kenada_blue]

Is there anything to suggest the PL will apply a more stringent test, than say, Serie A for Genoa?

Some information in this regard would be helpful specifically if the "tests' are based on measured criteria, or a more loose subjective judgement.

They don't really. Bottom line is "where's the money". They've let in a Saudi state with one owner the CIA said killed a journalist and have horrific human rights issues.

Shady backgrounds don't matter. Where the money is does which in the interest of the league.

The only issue will be these late payment shouts they've been accused off. That is a red flag.

Now we've painted ourselves destitute, invited them to training and games, pumped money into the club...the League will no doubt see that and welcome them with open arms

 

[Eggsyblueskin]

They don't really. Bottom line is "where's the money". They've let in a Saudi state with one owner the CIA said killed a journalist and have horrific human rights issues.

Shady backgrounds don't matter. Where the money is does which in the interest of the league.

The only issue will be these late payment shouts they've been accused off. That is a red flag.

Now we've painted ourselves destitute, invited them to training and games, pumped money into the club...the League will no doubt see that and welcome them with open arms

I don’t think they will.
Their history of failing to honour debts and the damage this has caused will be a problem for them , especially with the FCA being involved.
This kind of habitual financial impropriety does not recommend anyone to be proven a secure owner of a PL club .
I also think that unless they can categorically prove they have the necessary funds available to purchase and maintain the club , that they will face an uphill battle for approval.
And at the moment most financial commentators are of the opinion they lack the necessary finances.

 

[brieverton]

So, at this point a situation where 777 are rejected by the PL and we are rescued for a pittance days or even hours ahead of administration appears to be a better scenario? Thats how it appears to me.

 

[Joey66]

The more I hear about 777 the more I feel the PL will put them.

PUNT?

 

[kenada_blue]

I don’t think they will.
Their history of failing to honour debts and the damage this has caused will be a problem for them , especially with the FCA being involved.
This kind of habitual financial impropriety does not recommend anyone to be proven a secure owner of a PL club .
I also think that unless they can categorically prove they have the necessary funds available to purchase and maintain the club , that they will face an uphill battle for approval.
And at the moment most financial commentators are of the opinion they lack the necessary finances.

As far as I know haven't the premier league only ever rejected one takeover...and that was Newcastle? Mainly due to them unable to prove they're not solely ran by a state (lol) and the piracy of showing games in the middle east.

Again 100% self interest.

We're in a league that allowed Shinawatra, PIF, Glazers, Venkys, Hicks and Gillette, Alexandre Gaydamak, Sulaiman al-Fahim, and Ali al-Faraj. Al (all at Portsmouth).

They'll get through.

 

[stamullenblue]

After a lot of thought and researching 777 need to make a profit for there investment / investors . How can they turn this mess in to a profitable business . simple - they cant . Hopefully there are others waiting in the wings to see how desperate Moshiri becomes and then step in . Surely there must be a better way !

 

[Dillinger's Last Gasp]

They don't really. Bottom line is "where's the money". They've let in a Saudi state with one owner the CIA said killed a journalist and have horrific human rights issues.

The Saudis also had the benefit of the UK government putting pressure on the PL to protect the weapons sales and other exports.

777 don’t have that leverage so I think the PL will be more stringent when considering their ownership.