777 Partners / Whatever the hell you like

[RomanReigns]

save us paul mccartney

 

[Clarky cat]

case of having to drop our dirty knocker’s?

Why haven’t you got a new phone yet ffs?!

 

[matty1878]

Why haven’t you got a new phone yet ffs?!

ffs i have lol

 

[chopper6]

In what universe can these people pass the good and proper owner test?

Could the argument be that if they have/ do pass the test, the noise/ narrative of them being dodgy be dispelled?

Yes I know Newcastle’s owners have passed it, but if rumours are to be believed that the tests are now more strict, and these lot pass it, perhaps they aren’t as bad as being made out?

Yes I’m clutching straws

 

[kenada_blue]

With the question being where the other two hundred million pounds comes from. As best we can tell as outside observers, they don't have it. I suppose they could sell a portion of their ownership stake in 777, but that would be weird. Doing that makes it harder to come out ahead on asset stripping.


One possible saving grace is that the R&M documents that are public are written in interesting and non-standard ways that, at least to my eye, permit them to veto major decisions they feel are not in the interest of the club. If I'm reading the terms right (I'm not an English solicitor, so I don't know how enforceable those clauses are in court), I would expect them to kill a sale to 777 with fire.

This is what leads to speculation that this is a smokescreen that has been leaked on the club's side to nudge alternative prospective investors into action.

They won't have £600mill. Not a chance.

Moshiri would still have 35% (give or take a few percent) share.

If it's true, that's how I can see it being played out. 777 with a majority share on a leveraged buy out. Moshiri holds the rest.

Stadium guests built. Value goes up. Moshiri sells the remaining shares for more.

 

[MisterJ]

Things are never dull are they?

 

[RomanReigns]

is this the real reason why jazz resigned?

 

[Jimishorts]

It's not worth worrying about, it's just a death spiral, let it play out and hopefully at the end we all get to do something else with our weekends.

Anything and anybody that accelerates this turd of a football club being flushed once and for all, must be applauded.

 

[Exeter_Gently]

Speak for yourself mate.

Maybe that Bugle Room I hoped for in Bramley Moore will get built after all.

 

[Neiler]

I shared it a few months back - it's within Everton's list of trademarks. How much would that naming rights deal of been worth as just one example...

Id wager £250 mill over whatever time- we are about to borrow now.

 

[Llyrap]

Like Bolton you mean?

No idea about their circumstances - but I didn't say all.

 

[ashwuk76]

Less trouble mate, but any club with owners who have their access to cash stopped will struggle. There's a reason Roman Abramovich sold Chelsea so quickly.

Actually Abramovich was forced to sell becuse of sanctions. He wasn't allowed to revieve any money from the sale of Chelsea.

 

[matty1878]

They won't have £600mill. Not a chance.

Moshiri would still have 35% (give or take a few percent) share.

If it's true, that's how I can see it being played out. 777 with a majority share on a leveraged buy out. Moshiri holds the rest.

Stadium guests built. Value goes up. Moshiri sells the remaining shares for more.

so it’s not a total buy out? i’m confused

if they are skint why we are selling?

and how do they fund it?

 

[BlueStevie35]

Let's take the Forbes £600mill valuation then.

Leveraged buy outs are capped at a rumoured 65% of the clubs value.

777 would need under £400mill to hit the cap which is debt straight on the club.

It's a bit odd why Moshiri can't find multiple investors at £200mill a pop and give them 30% each.

Because of Kenwright’s buddies at R&M, they blocked MSP taking 25% because of the £200m loan they want paying fully

 

[Simon Buttle]

so it’s not a total buy out? i’m confused

if they are skint why we are selling?

and how do they fund it?

Myers reckons it is a full buyout.