777 Partners / Whatever the hell you like

[Moomin]

I know that Baz (ToffeeTV) has a 'trusted source' who told him that 777 had done all they needed to do ages ago.

And yet during the recent parliment hearing Richard Masters said they were waiting on answers.

 

[Exeter_Gently]

And yet during the recent parliment hearing Richard Masters said they were waiting on answers.

It's all down to who you trust.

 

[Moomin]

It's all down to who you trust.

Neither party to be honest but its common knowledge 777 have not shared accounts details to its own investors and other countries FA's.

 

[efcfanwirral]

Is there a chance 777 are waiting for the appeal verdict? If the 10 is upheld its a pretty good chance there's another 10 coming, and the club is likely to be worth a LOT less

 

[Blue Willy]

Really? Another 10 on top of the 10, in the same season?

 

[pfim]

It's all down to who you trust.

My teacher once gave me a zero because she didn't have record of me turning my homework in, even though I insisted that I did.

 

[ForeverBlue92]

Scumbags.

Dissapointing if they end up sealing a deal. Come on Cahill find us an arab man with lots of oil.

 

[Eggsyblueskin]

I know that Baz (ToffeeTV) has a 'trusted source' who told him that 777 had done all they needed to do ages ago.

Perhaps what they have ‘done’ isn’t enough to allay the doubts that surround them.
One thing is certain , they have yet to be approved which , given the time scale , suggests that serious problems surround their bid.

 

[MikeH72]

And yet during the recent parliment hearing Richard Masters said they were waiting on answers.

lol that famous trustworthy individual

 

[LocalNative]

Is there a chance 777 are waiting for the appeal verdict? If the 10 is upheld its a pretty good chance there's another 10 coming, and the club is likely to be worth a LOT less

That's a certainty. They'll be looking to see if they can renegotiate the price based on the appeal, especially if we face another points deduction.

 

[mccole]

777 are clearly loading us with debt so other potential buyers are put off so it leaves just them as suitors.

Unless the Ukrainian War ends and Moshiri fancies chipping in, these seem to be the only option.

 

[AndyRJ]

777 are clearly loading us with debt so other potential buyers are put off so it leaves just them as suitors.

Unless the Ukrainian War ends and Moshiri fancies chipping in, these seem to be the only option.

You're not the first to mention this but i personally don't see why it would put off alternative owners unless the repayment/ early termination terms were prohibitive.

777 are pumping money in to cover the stadium costs and other overheads on the basis that they have agreed a deal with Moshiri subject to regulatory approval. This money is needed either way as it is primarily covering the stadium build. If this finance wasn't coming from 777 then it would need to come from somewhere. That could be an alternative buyer, an extension to current lending or Moshiri who would then just add that onto his asking price.

Whichever way you look at it, the club has circa £750m of debt just associated with the stadium from various sources (R&M, MSP, 777, Moshiri). Any alternative buyer would need to re-finance this over the long term at a lower rate with another lender and/or equity in addition to paying Moshiri some money for his shares. They can't expect to buy the club with a brand new stadium and not pay for it.

The issue we have is that there is further debt in addition to that spent on the stadium, we have a playing squad in dire need of investment, we are spending beyond our means so need regular capital injections AND Moshiri wants circa £500-£600m for his equity.

Ultimately we're not worth anywhere near that sort of money so Moshiri will need to write off a large portion of his shareholder loans and take a SIGNIFICANT hit on his equity.

 

[MIKE85]

Starting to really dislike that Paul Brown chap on Twitter. Tried to beef with Alan Myers last night because he got pissy when he assumed that his credibility was being undermined. Dunno who the guy thinks he is lol

I'm not on Twitter, who's Paul Brown?

 

[Exeter_Gently]

Starting to really dislike that Paul Brown chap on Twitter. Tried to beef with Alan Myers last night because he got pissy when he assumed that his credibility was being undermined. Dunno who the guy thinks he is lol

He's a balloon

 

[pfim]

You're not the first to mention this but i personally don't see why it would put off alternative owners unless the repayment/ early termination terms were prohibitive.

777 are pumping money in to cover the stadium costs and other overheads on the basis that they have agreed a deal with Moshiri subject to regulatory approval. This money is needed either way as it is primarily covering the stadium build. If this finance wasn't coming from 777 then it would need to come from somewhere. That could be an alternative buyer, an extension to current lending or Moshiri who would then just add that onto his asking price.

Whichever way you look at it, the club has circa £750m of debt just associated with the stadium from various sources (R&M, MSP, 777, Moshiri). Any alternative buyer would need to re-finance this over the long term at a lower rate with another lender and/or equity in addition to paying Moshiri some money for his shares. They can't expect to buy the club with a brand new stadium and not pay for it.

The issue we have is that there is further debt in addition to that spent on the stadium, we have a playing squad in dire need of investment, we are spending beyond our means so need regular capital injections AND Moshiri wants circa £500-£600m for his equity.

Ultimately we're not worth anywhere near that sort of money so Moshiri will need to write off a large portion of his shareholder loans and take a SIGNIFICANT hit on his equity.

Certainly it can be more difficulty to facilitate a sale with more creditors as opposed to Moshiri putting the money in as debt or equity.

Especially if the value of the club (relegation) plummets.

If the club stays in the PL, it's probably not relevant.