777 Partners / Whatever the hell you like

[mccole]

Bloomberg with the late night bombshell:

 

[MikeH72]

“Conditional approval” = yes we’ll approve you, if you can meet our criteria. Welcome to 4 months ago.

Stand down lads.

 

[Dublin blue 75]

Assuming 777 are attempting (still) to show they have funds to meet these conditions, they will have to keep lending to cover BMD and working capital shortfall for the foreseeable.

That payable to 777 is going to balloon in size.

 

[Librarian]

If we look at their other businesses they're hemorrhaging money, so they need something that generates money for the longer term. I don't think just doubling their money does that. Plus if things start going wrong, they've relegated Genoa and Hertha and not sold up, so I'm guessing a setback like that again won't bother them excessively. I think they're going to try and sweat us for cash for as long as they can like the glazers are doing, but on a lower scale. The only small consolation being that for them to do that effectively they're going to have to invest in the team and stadium to some degree, otherwise the club will drop through the leagues like a stone and the value the can accrue in a sale will be next to zero

We don’t make cash
You can’t get blood from a stone

 

[mccole]

 

[GoldenToffee]

View attachment 249713

Must be happening then.

 

[Moderatelywarmwater]

View attachment 249713

I mean, those conditions haven’t been met for 6 months. What are they? But it’s very clear 777 haven’t met them in the last 6months or they’d already own us.

 

[formerly manx toffee]

God the Esk gets on my wick

 

[Moderatelywarmwater]

God the Esk gets on my wick

Yeah, but I think this is likely right. It’s the PL protecting themselves legally. They aren’t saying no, just no with conditions.
Hey, maybe 777 magically find the things they need, stranger things have happened. But right now, this seems as good as a no as you will get.

 

[Ring master]

God the Esk gets on my wick

ive not seen anyone like him and his mate Paul Brown think it is, go on about something so much, as these 777. Its like they are been paid for exclusive work just on them. Everyone knows what 777 are like, we dont need him going on about it every single day

 

[ForeverEverton]

There’s a hell’a lot of negativity about these yokels, but that belief, much like a child believing in Santa, is inside me that someone with half a business brain can turn this ship around.

We have, since the start of the Premier League, been so far behind the ball with our inability to make serious revenue from non-match day income it’s embarrassing.

We are in a league that world wants a piece of; we have had a board for 25 years that runs like a corner shop trying to compete with Tesco.

We’ve had 3 consecutive CEO’s who have been drastically under qualified to drive a business forward, instead of taking the easy option. Can they appoint a seasoned CEO to run this shitshow with a competent board to drive standards

Time will tell, it’s midnight and maybe tiredness is clouding my judgement. Everton being utter crap can’t last for ever, can it???

USA USA USA

Look how we`ve fallen in the last 40 years, with the current and soon top be implemented PSR rules I can pretty much guarantee we aren`t winning a trophy in the next 100 years. It`ll be the same 6 clubs....

Best we can hope for is a Wembley semi final or the odd Conference League or Europa spot....

Our chance to join the gravy train was in the 10 years after the inception of the Premier League but we got held by by inept individuals hellbent on keeping his train set. We could have had Kings Dock but that was scuppered because of BK, we could have had the Abu Dhabi group but that was scuppered by BK, he gave us Moshiri and now likely 777.

The darkest day in Evertons history was the day Kenwright got the keys to the club!

 

[BullensRoad]

777re

This wasn’t held up because of human rights. There aren’t conditions attached because of TV rights in Saudi Arabia. They don’t truly believe 777 has the cash they say they do.

Apologies but they definitely do. It’s one complicated scenario but they had the capital to keep us going without the oligarch cash.

It’s good news.

 

[Eggsyblueskin]

Still a huge amount of doubt in that story.

Not sure it tells us anything we dont already know and we also have no idea who their source is.

It could be 777 themselves, we will all agree really cant be trusted.

Not saying bloomberg is a bad source as such, just that im not convinced that story is spitting facts.

Yes.
It’s the straw I’m clinging to .
That the source that fed Bloomberg is the same source that has been confidently and erroneously predicting the successful closure of this transaction for the past six months.

 

[ForeverEverton]

If they do succeed in taking us over, start the clock. I’m pretty sure they won’t be owners in 3 years from that time. They’re ’getting in on the ground floor’ as the yanks like to say. Moshiri wants out, pay him his money, finish the stadium, stabilise a little bit and then sell the club on and more than double your money. That’s my hope anyway.

They`ve not flipped any clubs as yet, they buy then run them badly but they don`t sell...

 

[Eggsyblueskin]

Apologies but they definitely do. It’s one complicated scenario but they had the capital to keep us going without the oligarch cash.

It’s good news.

Looking at how they operate across their other interests , this is certainly not good news.