777 Partners / Whatever the hell you like

[RomanReigns]

Everton takeover unaffected by 777 Partners' credit rating downgrade

Everton's potential takeover by 777 Partners will not be impacted by a credit rating downgrade on one of the firm's business arms.

www.bbc.co.uk

 

[pfim]

Everton takeover unaffected by 777 Partners' credit rating downgrade

Everton's potential takeover by 777 Partners will not be impacted by a credit rating downgrade on one of the firm's business arms.

www.bbc.co.uk

"The report also said 777 Partners had not "provided audited financial statements for the past two years"."

 

[jazzy]

Either way, the loans will turn to equity. So if a different owner gets us, they (new owner) will either accept a minority shareholder (777), or buy their shares. Or attempt to anyrate.

Spot on

 

[brieverton]

If 777 were to fall through we would need an alternate buyer(s) lined up asap. And Moshiri to accept a lower offer in that case to avoid disaster.

 

[matty1878]

If 777 were to fall through we would need an alternate buyer(s) lined up asap. And Moshiri to accept a lower offer in that case to avoid disaster.

We first and foremost need 777 to fall through

 

[Dublin blue 75]

A credit rating downgrade is an objective red flag.

 

[roydo]

A credit rating downgrade is an objective red flag.

You mean another one.

 

[Goat]

We first and foremost need 777 to fall through

Its not falling through.

Its pretty clear at this point that its going through.

 

[allen]

A credit rating downgrade is an objective red flag.

That's okay, just put it with the others.

 

[Goat]

You mean another one.

Yep, more red flags than the Chinese Parliament these fellas.

 

[roydo]

Yep, more red flags than the Chinese Parliament these fellas.

Said it ages ago, its all just so noisy.

 

[pfim]

A credit rating downgrade is an objective red flag.

I don't pretend to know anything about their business, but a credit rating downgrade for an insurance company is a pretty big deal. An insurance company only survives if their ability to pay claims is not in question.

It may have nothing to do with the bid but frankly it's just another red flag on top of many others.

 

[Goat]

Said it ages ago, its all just so noisy.

There is no white knight riding in to save us.

 

[roydo]

I don't pretend to know anything about their business, but a credit rating downgrade for an insurance company is a pretty big deal. An insurance company only survives if their ability to pay claims is not in question.

It may have nothing to do with the bid but frankly it's just another red flag on top of many others.

It is bad news. But it is more about a company's ability to meet/raise debt than paying out claims. A *** rated company will pay less interest than a ** one. But I doubt this mob is anywhere near **. In a bad way.

 

[Street end man]

They are the only ones with their hat in the ring because of the FFP case. Nobody can really negotiate a deal whilst the result of that is still unkown, no proper business man would anyway. I fully expect more interest from other parties, especially if we escape lightly. Daft do show your hand now.