777 Partners / Whatever the hell you like

[ForeverEverton]

777's CFO resigns with Everton bid pending | Semafor

The departure comes as 777 burns through cash and tries to keep its dealmaking operation afloat.

www.semafor.com

 

[allen]

777's CFO resigns with Everton bid pending | Semafor

The departure comes as 777 burns through cash and tries to keep its dealmaking operation afloat.

www.semafor.com

I’m sure that speaks to 777’s financials being entirely in order.

Cool, cool, cool.

 

[ForeverEverton]

I’m sure that speaks to 777’s financials being entirely in order.

Cool, cool, cool.

 

[ForeverEverton]

View attachment 246217

 

[ForeverEverton]

 

[Librarian]

Give them a chance you monsters

 

[ForeverEverton]

Premier League clubs have voted to "cap leveraged buyouts at around 65 per cent of a club's value," which would ban the "kind of big-debt takeover" that the Glazer family led of Manchester United in 2005. -June 2023

Surely the PL will reject 777 on the basis we will be fully leveraged....

 

[Eggsyblueskin]

Not ignoring anything. Fully admitted they're sharks.

But what also has been ignored is that it's only 2 years ago Serie A, Jupiler Pro, Bundesliga, and La Liga allowed them to invest or takeover clubs in their leagues.

They are now currently being grilled by the Premier League, having passed all the tests they can to get there, ran by someone we've being saying is corrupt for half a season and who's job has come into scrutiny.

You don't get in to these institutions unless you've got a ticket.

As for improving our situation. From Moshiri...yes it improves our situation IMO.

Anyone would. But there's no evidence to say there's anyone other than 777

 

[Exeter_Gently]

Someone bell John Jay Moores again.

 

[AndyC]

Yeah. They take the club for nothing. But still have to pay close to £500mill in debt. Then the stadium costs with whatever that's been paid off with.

The new fellers that watched by as the club went into into admin are now suddenly our saviours.

And we'd shake their hands?

Behave yourself… if Moshiri either chooses or refuses to entertain negotiations from other ‘interested parties’ then there’s nothing they can do.

So, they would wait and then if the club went into administration because neither Moshiri nor 777 can or are prepared to continue to fund the day to day running of the club, they would negotiate with the Administrators.

This isn’t about other parties being mercenary sharks… remember it is Moshiri who has put us in this position, he gave his backing and put his faith in 777 and they are failing. And with R&M Funding having scuppered the MSP approach for the club, ask yourself who first got R&M involved with funding the club… and at over the odds rates of interest.

Our situation is not on ‘interested parties’ - it’s entirely down to Moshiri, the previous Chairman and the inept BoD.

 

[ForeverEverton]

 

[pfim]

Because it's the position Moshiri has put us in.

No sensible investor would pay what Moshiri wants. But sensible investors don't buy football clubs. INOS didn't spend billions for 25% of United cos it was sensible. Boehly et all didn't raise £5billion odd to buy Chelsea cos it was sensible.

There's a confusion between what the "right" investor is and what's out there IMO.

Don’t be blinded by the large numbers, Boehly and Ineos are there to make money.

You have ever growing television fees, and FFP is giving these owners a cost certainty they never had before.

In the past you’d only make money ona capital gain selling a club. Now it will be generating real cash with the capital gain to boot.

Those two aren’t overpaying.

 

[EFC_FRANCIS]

Sorry but how after 6 months have these bozos still not proved their funding

 

[Tony’s Carp]

"The Premier League has sought answers on a number of topics from 777 as it conducts its owners’ and directors’ test, and the latest questions relate to the source of funding and the company’s ability to fund the club on a three-year basis. 777 feels it has previously provided the information but intends to do so again."

 

[ForeverEverton]

"The Premier League has sought answers on a number of topics from 777 as it conducts its owners’ and directors’ test, and the latest questions relate to the source of funding and the company’s ability to fund the club on a three-year basis. 777 feels it has previously provided the information but intends to do so again."

This will be the sticking point due to the PL capping leveraged takeovers to 65%... 777 do not have 65% of the club to pay out, it will be loans from A-CAP.