777 Partners / Whatever the hell you like

[mikel_88]

does it open the door for another bidder if they dont pay up 777 or is it jusy msp. Honestly crqzy this whole sitaution

 

[nsno-chris]

We have no parts lol lol

Unfortunately for us there’s a £750m part that looks wonderful on the banks of the Mersey

 

[nsno-chris]

Chris let's not argue over this mate....its like arguing over if we prefer our turd butty on white or brown bread.

Brown, defo brown

 

[Goat]

Brown, defo brown

Tiger bread for me.

 

[Exeter_Gently]

Yeah, I think this is the likeliest outcome, unless MSP is really itching to get control of the club whatever it takes. In that case, this seems to be their best chance, and they'd be likelier to take advantage of it.

But even if they do want the club, it's not a ton of risk for them to wait a little longer to make sure we stay up first. 158m for half a Premier League club is obviously a much better deal than the same for half of a Championship club. I mean, if 777 hasn't been able to come up with the money by now, what are the odds that they do in another 6 weeks?

What an absolute clown show this is, though, that we have three major players involved in this transaction, and the only one that clearly, definitely wants the club is the one that is in the worst position.

I don't see MSP having all their eggs in a row as well as having the finance in place to take over the running of the club straight away... especially with relegation a big possibility.

 

[Exeter_Gently]

Tiger bread for me.

Errts me teet da.

 

[Tony’s Carp]

does it open the door for another bidder if they dont pay up 777 or is it jusy msp. Honestly crqzy this whole sitaution

Yeah, as I posted just up the thread presumably another bidder could negotiate with MSP and have them trigger their option and then buy the stake off MSP directly. So there's an opening for anyone to get involved.

Extra complicated though, as Moshiri is also one of the parties within the MSP loan.

 

[Azza]

Unfortunately for us there’s a £750m part that looks wonderful on the banks of the Mersey

I wouldn't even class the stadium as an 'proper asset'.

They only thing anyone could do is charge a lease against the football club, if that were to happen there would probably be a riot. Or maybe the happy clappers would be out in full force.

Planning and the original lease agreement with Peel means the stadium and the land itself can't be used for anything else.

 

[MikeH72]

Really give zero flicks about Moshiri Mike.

How? He’s the owner and literally decides who he sells the club to?

 

[pfim]

MSP didn’t want the club to start with. They wanted the stadium

Utter vultures that have been painted by some as saviours

Where did you get that from? I never got that sense.

 

[Goat]

How? He’s the owner?

In respect of what he does he doesnt walk away with.

Couldnt care less.

 

[MikeH72]

In respect of what he does he doesnt walk away with.

Couldnt care less.

Fair enough. I hate him very much on a personal level.

 

[ForeverEverton]

So 777 want to leave Everton in limbo for another month or 2... It`s like people predicted they didn`t have the cash and were absolutely correct. This delay 777 are causing is providing more issues than answers.

Everton FC bidder 777 seeks extra time amid race for funding

777 Partners has indicated that it now believes its takeover of the Toffees will be completed late next month as it seeks an extension to a near-£160m loan repayment, Sky News learns.

news.sky.com

 

[pfim]

Not sure why people think MSP might want control of the club, they have never even hinted at it as far as I can tell.

Except for when they bid for the 25% stake in the club with it rising based on certain criteria? I'm confused.

 

[Eggsyblueskin]

But wasn’t it reported that all these criteria were priced into the deal? So we go down, they pay less. Given their cash flow it might be the only way they see the deal being done.

They have no cash to flow .