How has a Norwegian website that has been nothing but trouble for 777 been told specific details and amounts in a private letter, sent to 777 as part of a billion £ transaction. Odd one. Some leak that is. But nothing surprising in the conditions. And it’s hard to see how they are met.
Nothing to stop alternative bidders bidding publicly or otherwise. Happens all the time regardless of the status of any current transaction, particularly if they believe they are the better option. In the US the seller does have to alert the market of any unsolicited bids received, so there are extortionate legal costs that can be racked up by the bidder even taking it that far and failing, but they are still dwarfed by the overall cost of an acquisition. Obv doesn’t apply to Everton. For UK buyers, under UK GAAP the legal fees can be rolled into the Goodwill value on the Bal Sheet anyway, but would be expensed to the P&L in the accounts of a US buyer. Even so, not usually a big deterrent if a buyer genuinely wants the transaction.
If 777 are as unlikely to succeed as it would appear on the surface, then it’s hard not to slightly resent the alternative buyers for standing by and letting the uncertainty cripple the club in an already unpredicted season of chaos (and supposed slide toward having the leccy turned off at any moment). Perfectly plausible and maybe good business as the price drops, but doesn’t sound like a gang of philanthropic Evertonians that want to save the club and have a massively wealthy backer, which would be the ideal.
If the above highly confidential letter has leaked to Josimar “from multiple sources”, bizarre that the identity and intentions of the alternatives remains so secret. They have got their confidentiality locked down far more tightly than 777, Everton and the PL. X-based investigative journalism experts can extract financial info out of Bermuda, but no commentator or journalist on the planet knows the name of the better option??