777 Partners / Whatever the hell you like

[Tony’s Carp]

While MSP might technically be able to take control, do they actually want to? That's a lot of debt to take on...

Yeah the issue then moves from 777 having to repay MSP to MSP having to repay 777.

Unless there is some arrangement to be had with MSP as majority shareholder and 777 as minority but that’s possibly far fetched. Although if 777 can’t get PL approved as owners a minority stake might be the best they can do to get a PL club attached to their portfolio.

 

[maccavennie]

lol lol haven't seen that scene for years

 

[Eggsyblueskin]

Yeah the issue then moves from 777 having to repay MSP to MSP having to repay 777.

Unless there is some arrangement to be had with MSP as majority shareholder and 777 as minority but that’s possibly far fetched. Although if 777 can’t get PL approved as owners a minority stake might be the best they can do to get a PL club attached to their portfolio.

The problem for 777 appears to be that since they have borrowed the money they have lent to Everton , at some point they will have to repay it with the incumbent interest . This is the case regardless of whether they turn it into equity, they will still personally owe (A-Cap?) that amount.
How can they square that particular circle without loading the debt onto Everton ( which is what the PL won’t allow ) ?

 

[Goat]

The problem for 777 appears to be that since they have borrowed the money they have lent to Everton , at some point they will have to repay it with the incumbent interest . This is the case regardless of whether they turn it into equity, they will still personally owe (A-Cap?) that amount.
How can they square that particular circle without loading the debt onto Everton ( which is what the PL won’t allow ) ?

They could lump all that debt on the stadium?

There are rules regarding leveraged debt on takeovers, but nothing stopping them getting wonga loans AFTER the takeover.

 

[Eggsyblueskin]

They could lump all that debt on the stadium?

There are rules regarding leveraged debt on takeovers, but nothing stopping them getting wonga loans AFTER the takeover.

Yeah
That’s my thinking too.
We will be more debt ridden than ever.
Plus ticket prices close to London levels and player sales all to help repay their outlay.

 

[johnjf]

Maybe the premier league are waiting on the answer "why would you buy a business with million pounds worth of losses a month? And That's why it's taking so long

 

[jinkyali]

My understanding is Esk is involved with MSP.

Absolutely stand by this.

 

[jinkyali]

Maybe the premier league are waiting on the answer "why would you buy a business with million pounds worth of losses a month? And That's why it's taking so long

I reckon MSP are in their ear.

 

[Goat]

Absolutely stand by this.

You posted this April fool 1 minute early Jinks.

 

[Frenk]

They are keeping us afloat and will assert strip us, that’s what this has all been about. We are no longer a viable business.

 

[T LEAFE]

Oh Moshiri...

US regulators push insurers to cut exposure to Everton bidder 777 Partners

Potential for forced sales arises after Miami firm comes under scrutiny over football investments

www.ft.com

 

[Eggsyblueskin]

Oh Moshiri...

US regulators push insurers to cut exposure to Everton bidder 777 Partners

Potential for forced sales arises after Miami firm comes under scrutiny over football investments

www.ft.com

Moshiri is literally selling us down the river .
He must actually hate us to even be contemplating 777.
It must be an act of spleen.

 

[Moderatelywarmwater]

Oh Moshiri...

US regulators push insurers to cut exposure to Everton bidder 777 Partners

Potential for forced sales arises after Miami firm comes under scrutiny over football investments

www.ft.com

Yeah, that’s not sounding good really.
Their plan will be to come in, cut costs massively by selling players and then hope for a miracle. Mind you, cutting costs, I mean we’ve got to at some point right?

 

[Eggsyblueskin]

Yeah, that’s not sounding good really.
Their plan will be to come in, cut costs massively by selling players and then hope for a miracle. Mind you, cutting costs, I mean we’ve got to at some point right?

Yes
But cutting costs means depleting the squad further , I don’t think that bodes well considering our current position.

 

[pfim]

Yes
But cutting costs means depleting the squad further , I don’t think that bodes well considering our current position.

It needs to happen regardless. Players like Onana, Branthwaite and Pickford need to be sold for cheaper, lesser versions of themselves. Regardless of who owns us.