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John Textor

The 777 thing is absolutely strangling us atm, nobody wants to touch us with a barge pole as it could potentially damage their business rep long term. No idea what the answer is, Moshiri is not going to pay it.
The crazy thing is, an owner can pass a fit and proper test then basically destroy the club from the inside out and there seems little the PL can do to stop it.

777 only got canned because they missed a deadline for Moshiri, not because the PL intervened
 
Would be good if the Red Echo or started being a bit more aggressive in their investigative journalism like the way they were with Hicks and Gillette.

Full front page headlines, Z list celebs like Paul Usher, Pete Price and that fella who offered Ramos a straightener, scowling on photos etc.
 
The crazy thing is, an owner can pass a fit and proper test then basically destroy the club from the inside out and there seems little the PL can do to stop it.

777 only got canned because they missed a deadline for Moshiri, not because the PL intervened
Yeah, there is something fundamentally wrong with that, there has to be something they can do when rogue owners start destroying clubs.
 

Matt Slater sums it all up in incredibly grim detail, basically saying that “everyone has seen the brochure” for Everton over the last 2 years and that some really experienced people have tried to sell the club including Deloitte and various experienced law firms.

And, even though 4 or 5 serious buyers over the last 2 years have been convinced of the immense potential and history of Everton, combined with the iconic new stadium, once they get in to the finer detail of what £ will be required to get there (before you even get to improving the playing squad), they’ve winced and withdrawn.

Think the Saudi's during the World Cup ran a mile when Mosh went after them.

Tells you a lot.
 
The crazy thing is, an owner can pass a fit and proper test then basically destroy the club from the inside out and there seems little the PL can do to stop it.

777 only got canned because they missed a deadline for Moshiri, not because the PL intervened

Well, they needed to show their source of funds to the PL and prove they had funds for 12 months. The obviously couldn't do that as they were a scam.

I think the PL fit and proper test worked in this instance, but it's really just a series of check boxes and not some deep analysis.
 
Can't they do some kind of swap where he palms his Palace shares off on Moshiri, who then gets a more attractive saleable item in exchange for his bin fire of a club?

I don't think the Palace shares are really all that valuable in the context that he does not have control of the club. He doesn't even have the same percentage of votes as he has shares.
 
I just don't understand why Mosh keeps making deals with people who so obviously can't buy the club and then just when you think he's right up against it he manages to pull out a new loan from somewhere and we carry on in this endless crushing cycle. His only plan seems to be to grind it out until the stadium is built
 

Well, they needed to show their source of funds to the PL and prove they had funds for 12 months. The obviously couldn't do that as they were a scam.

I think the PL fit and proper test worked in this instance, but it's really just a series of check boxes and not some deep analysis.

Yes mate, what i was trying to say was there will be a lot of owners (like Moshiri) who can have wealth, but there's no scrutiny when it all goes tit's up. He's basically destroyed us to the point of where the whole club/business could simply go pop and the PL just sit by and do nothing.

It should be where there is a review every 2 years or so, to keep tabs on things so things can't get out of hand. If there were rules in place then that could have stopped Moshiri loading us with unmanageable debt and force him to sell for a reasonable price.

It's like watching a car crash in slow motion, with Everton at the wheel and the PL just watching it all unfold
 
Listened to the full thing mate, the only positives that Paddy Boyland and the others put forward are Bramley Moore and that we’re still a Premier League team (and must remain so at all costs this season).
I still think this guy is crazy enough to buy us textor, i still have no idea if he will be good
 
Yes mate, what i was trying to say was there will be a lot of owners (like Moshiri) who can have wealth, but there's no scrutiny when it all goes tit's up. He's basically destroyed us to the point of where the whole club/business could simply go pop and the PL just sit by and do nothing.

It should be where there is a review every 2 years or so, to keep tabs on things so things can't get out of hand. If there were rules in place then that could have stopped Moshiri loading us with unmanageable debt and force him to sell for a reasonable price.

It's like watching a car crash in slow motion, with Everton at the wheel and the PL just watching it all unfold

The PL and/or the FA is too weak for that. If you look at the American model of ownership, the franchise model, if you screw it up they'll just vote you out... I don't think there's a solution to that the way that the PL and FA are set up now.

Edit: For instance, if Textor tried to buy an NFL team, he'd be laughed off the phone.
 
I just don't understand why Mosh keeps making deals with people who so obviously can't buy the club and then just when you think he's right up against it he manages to pull out a new loan from somewhere and we carry on in this endless crushing cycle. His only plan seems to be to grind it out until the stadium is built

Once the stadium is built, the additional revenue alone on top of no further payments to the builders means the loan repayments on the club to 777, TFG are covered.

Moshiri could simply choose to take the club off the market & stay owner until such time that USM are allowed back in the fold and the money comes back.

I did not believe this at the time, but its a theory that seems much more plausible as the weeks tick by.
 
I don't think the Palace shares are really all that valuable in the context that he does not have control of the club. He doesn't even have the same percentage of votes as he has shares.

Matt Slater referred to Textor’s Palace shares as the worlds most expensive season ticket. He wants to pursue this multi club model and float it all on the stock exchange, which his co owners seemingly have no interest in.

The other Palace owners have been the only ones seriously interested in buying his Palace shares thus far and have only offered him what he paid for them, around £100m. But for all this to work, he needs to sell them for around £200-£250m. It’s quite a big gap in valuation and it probably isn’t going to be solved quickly is the impression that was given on the Athletic podcast.
 

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