They quite publicly state that their capital doesn’t come from third party investors or banks mate.
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They quite publicly state that their capital doesn’t come from third party investors or banks mate.
Tony’s Carp
Player Valuation: £50m
I think the idea would be for 777 to do a full takeover from what I’ve seen.
catcherintherye
Player Valuation: £80m
They quite publicly state that their capital doesn’t come from third party investors or banks mate.
Who are they raising funds from?
Themselves allegedly.
Our Story
We are a Miami-based, global investment organization. We unlock lasting growth where others can't with operational expertise, permanent capital, and deep sector knowledge.
catcherintherye
Player Valuation: £80m
Themselves allegedly.
Our Story
We are a Miami-based, global investment organization. We unlock lasting growth where others can't with operational expertise, permanent capital, and deep sector knowledge.www.777part.com
It looks like they want external funders to me.
Simon Buttle
Player Valuation: £50m
That sounds like the blueprint for a basic Ponzi scheme lol
catcherintherye
Player Valuation: £80m
I'm probably being really stupid, but they are trying to raise funds.
Who are they trying to raise funds from? They are a PE firm, right?
They are but raise funds from themselves from profits they’ve made, according to themselves.
Do we know did they raise funds for their other football clubs?
catcherintherye
Player Valuation: £80m
I think this would be an unusual business model for a PE firm, and also for one within sports, where you dont typically get a reliable cash flow.
They certainly align well with your beliefs
TheFinnFan
Finners
What the hell is that you sanctinonious bellend
try harder
Its one of the primary concerns I'm flagging mate - raising the capital, the source of that capital, the method and the ability to fund the transaction and post any transaction to buy the club how to they intend to fund the stadium and club.
Like i say, have they raised funds externally for any of their other transactions in Sport.............
Simon Buttle
Player Valuation: £50m
That seems to be the issue with them, everything they get involved with they promise money then can never pay up when they need to. Rules have changed here now and they would have to show they have cold hard cash to the PL before they could invest and from what I can see they can't do that and have failed when they have had to show cash at other clubs and in other sports they are involved. The PL is very much the top of the pack and the only way I could see it is if they teamed up with a rich benefactor from somewhere else.
Thats the thing mate. One of the accusations is they have money at play, they just move it around different business around the world to show they have the funds, but never really invest. They will need £250 mill for the initial transaction - if reports are to believed, so that money will change hands. How they intend to fund the BMD and the club is a different story because both need investment.
As Cather was saying, usually these firms raise capital through investors then manage the investment by managing the club and adding value, before selling on. There is no evidence of that with these lads - no one really knows where the capital is coming from, who is backing them (if anyone), while they have a poor history of going missing when the cash call comes in.
People need not to be fooled here, Moshiri is an awful owner, on the transaction proposed he's lost £600 million - if managed right that was £600 million that could have benefited Everton. But it is absolutely possible to go from a bad owner in Moshiri to a worse one in 777. People are tired and just want change - that change could be worse - change for change sake is a very bad thing and things can get worse.
Make no mistake Moshiri at this point does not care a jot about what the next owner does at Everton football club and we as fans have to understand that - his only concern now is getting of the hook for the stadium funding and getting as much back on his investment as possible - he will absolutely sell to a worse owner if it means he will maximise his take out of Everton.
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