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Then you would presume wrong.
As far as I can see, they havent made significant changes to the leadership roles in any of the clubs.
I wonder if Rights and Media can scuppper any potential investment/takover by 777? Would they want Billy Boy out of the picture seeing as he was a major part of bringing them into the club and making a very tidy sum off of Everton
MIKE85
Player Valuation: £5m
Hertha Berlin problems were down to their former Danish owners. I think 777 took over spring/summer '23.
Tony’s Carp
Player Valuation: £50m
The one credible figure in the 777 setup seems to be Don Dransfield, who seems to head up their football operation. Got a fairly solid background working for the City group so at least someone with some knowledge of the game and sector.
But obviously still concerns about their level of expertise and experience having bitten off a lot in a small amount of time, as well as obvious ethical concerns.
But obviously still concerns about their level of expertise and experience having bitten off a lot in a small amount of time, as well as obvious ethical concerns.
What was the period of exclusivity with MSP about then?
Why would they try to negotiate a deal when one was already in place?
His drug conviction doesnt matter.
But fraud is a no, no.
Phew.
Everton’s owner, Farhad Moshiri, is in advanced talks with the American investment firm 777 Partners over a potential majority purchase of the Premier League strugglers.
The Miami-based firm, which already owns several clubs in Europe including Genoa, Standard Liège and Hertha Berlin, held talks with Moshiri over acquiring a 25% stake in Everton earlier in the summer before they entered a period of exclusivity with MSP Sports Capital.
Those negotiations collapsed last month amid opposition from an existing Everton lender, Rights and Media Funding Limited, although MSP are reported to have provided a £100m loan to help fund the building of the new Bramley-Moore Dock Stadium.
The Guardian understands that 777 Partners has returned to the negotiating table with a view to a full takeover of the club, having made no secret of their desire to invest in a Premier League side since making their first foray into football by purchasing a minority stake in the Spanish club Sevilla in 2015. The owners Joshua Wander and Steven Pasko are believed to have met Amanda Staveley’s PCP Capital Partners over a potential investment in Newcastle and also held talks with the Chelsea co-owner Todd Boehly this year.
But despite Everton being winless after four matches of the new season and facing an independent commission next month for an alleged breach of the Premier League’s financial fair play rules, 777 Partners is believed to be confident in making the nine-time league winners the latest club to join its growing network. That is now led by Don Dransfield, the former chief strategy officer for City Football Group, and also includes stakes in the Brazilian club Vasco da Gama and the Australian club Melbourne Victory, as well as the London Lions basketball team and the British Basketball League.
Everton have been seeking outside investment for some time in order to free up finances to complete the new stadium. In January Moshiri, who has spent more than £500m on players since becoming the majority shareholder in 2016, said the club was not up for sale but admitted he was exploring funding options to cover the final stages of the £550m-plus build at Bramley-Moore which is expected to open next season. Neither Everton or 777 Partners have commented.
Any takeover would be subject to the Premier League’s Owners and Directors Test, which was beefed up in March and enables them to block people from becoming directors if they are under investigation for conduct that would result in a “disqualifying event” if proven. There remain doubts over whether 777 Partners would pass the test having been accused of fraud and breach of contract in a civil case by Timothy O’Neil-Dunne, who worked at 777 Partners between 2018 and 2021, and before that as chief commercial officer at Flair Airlines. A statement released by 777 Partners strenuously denied the allegations.
Wander was also arrested in 2003 after being caught with 31 grams of cocaine that were sent to his address in the post, which he later admitted was for him and a friend. He was sentenced in 2004 and released on a long period of parole, which ended in 2018. 777 Partners told the Brazilian newspaper O Globo that the “single misdemeanour charge from 20 years ago” was “ancient history”. In a statement the company said: “Josh put this small incident behind him and went on to become the co-founder of 777 Partners, making it one of the most successful companies in the business.”
The Miami-based firm, which already owns several clubs in Europe including Genoa, Standard Liège and Hertha Berlin, held talks with Moshiri over acquiring a 25% stake in Everton earlier in the summer before they entered a period of exclusivity with MSP Sports Capital.
Those negotiations collapsed last month amid opposition from an existing Everton lender, Rights and Media Funding Limited, although MSP are reported to have provided a £100m loan to help fund the building of the new Bramley-Moore Dock Stadium.
The Guardian understands that 777 Partners has returned to the negotiating table with a view to a full takeover of the club, having made no secret of their desire to invest in a Premier League side since making their first foray into football by purchasing a minority stake in the Spanish club Sevilla in 2015. The owners Joshua Wander and Steven Pasko are believed to have met Amanda Staveley’s PCP Capital Partners over a potential investment in Newcastle and also held talks with the Chelsea co-owner Todd Boehly this year.
But despite Everton being winless after four matches of the new season and facing an independent commission next month for an alleged breach of the Premier League’s financial fair play rules, 777 Partners is believed to be confident in making the nine-time league winners the latest club to join its growing network. That is now led by Don Dransfield, the former chief strategy officer for City Football Group, and also includes stakes in the Brazilian club Vasco da Gama and the Australian club Melbourne Victory, as well as the London Lions basketball team and the British Basketball League.
Everton have been seeking outside investment for some time in order to free up finances to complete the new stadium. In January Moshiri, who has spent more than £500m on players since becoming the majority shareholder in 2016, said the club was not up for sale but admitted he was exploring funding options to cover the final stages of the £550m-plus build at Bramley-Moore which is expected to open next season. Neither Everton or 777 Partners have commented.
Any takeover would be subject to the Premier League’s Owners and Directors Test, which was beefed up in March and enables them to block people from becoming directors if they are under investigation for conduct that would result in a “disqualifying event” if proven. There remain doubts over whether 777 Partners would pass the test having been accused of fraud and breach of contract in a civil case by Timothy O’Neil-Dunne, who worked at 777 Partners between 2018 and 2021, and before that as chief commercial officer at Flair Airlines. A statement released by 777 Partners strenuously denied the allegations.
Wander was also arrested in 2003 after being caught with 31 grams of cocaine that were sent to his address in the post, which he later admitted was for him and a friend. He was sentenced in 2004 and released on a long period of parole, which ended in 2018. 777 Partners told the Brazilian newspaper O Globo that the “single misdemeanour charge from 20 years ago” was “ancient history”. In a statement the company said: “Josh put this small incident behind him and went on to become the co-founder of 777 Partners, making it one of the most successful companies in the business.”
Drico
Player Valuation: £50m
Enough to continue the decline and oversee a 0-1 home defeat to Wehen Wiesbaden (who?), a 6-4 (!) hiding at Magdeburg (yes, they of the 1970s), and a 3-0 trouncing at comedy's Hamburger SV.
Their immediate impact is to see Hertha down among the dead men of the second division. Five matches in - four defeats. They did set up a summer friendly with Standard Liege, mind, and have become a nursery for every one of coach Pal Dardai's exended family.
Rooney_Tunes
Player Valuation: £40m
No problem with that because we only have two of those left, at best...
Blue peter
Player Valuation: £35m
Shows you just how clueless Moshiri is….was crap at owning a football club and then can’t even sell at a loss to the wrong investors….I’d be surprised if the PL allowed this to happen
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