MSP Sports Capital

[efcfanwirral]

My hope is that there's some leak now from MSP to say they withdrew due to a link with Usmanov. Then the UK government may be able to force a sale if Everton is one of his assets.

Would that come with football sanctions though?

 

[BeardedScotsman]

777 are terrible. If this thing goes belly up, it’s a prime target. When negotiations were occurring last early Spring, 777 wanted a relegation.

 

[Zeitgeist]

We are honestly just such a car crash it's unbelievable

Like how can it be this bad for this long? WOW

 

[pedro789]

There are probably 99 investors in the fund MSP created.

Might be stupid question, but why didn't Moshiri pay off Rights & Media loan, before investing so much of his own dough?

It doesn't make sense to allow them veto over new investment.

 

[BeardedScotsman]

Correct me if I'm wrong here, but if our existing terms on the existing debt precludes MSP from buying in to Everton because they can not secure debt against existing assets then that means anybody coming in trying to leverage the club faces the same challenges. So stopping short of an oil state buying us with there own money investment is a none starter??

Can anybody clarify that?

No one would buy the team short of a hope and a prayer OR a glory purchase. That won’t be a private equity fund.

 

[Billy Dean]

Everton twitter digging up all sorts on them

Thanks I’ll check that out

 

[stretford blue]

We are honestly just such a car crash it's unbelievable

Like how can it be this bad for this long? WOW

There is one common denominator in all of this 30 years of mess

 

[jinkyali]

777 are terrible. If this thing goes belly up, it’s a prime target. When negotiations were occurring last early Spring, 777 wanted a relegation.

Hey mate. Could you in layman's terms describe what you believe to be happening.

 

[RomanReigns]

All it takes is for someone to send an anonymous note and tip off the right person

 

[Marius57]

The Athletic reports that the deal fell through due to opposition by one lender, Rights and Media Funding Ltd.

According to a previous article in the Guardian:

The club has also received about £150m in loans from an opaque lender called Rights & Media Funding Limited (RMFL), a Cheshire-based company its lawyers said last year competed “with some of the largest names in sports financing”, although it does not possess a single employee, a website or a phone number.

As the Guardian reported in November, RMFL also appears to have borrowed much of its money from a company based in the offshore secrecy jurisdiction of the Bahamas, which started lending to RMFL just six months after the offshore firm was established and does not reveal its source of funds.

All very sinister. Questions have been raised about our loan with them back in November. My first thought was could it be Usmanov? But being Cheshire based, (even though it’s offshore accounts) I would doubt it.

 

[matty1878]

There were a few loans around 2016 and i think even when moshiri came in a loan was taken out. Elstone was still ceo.

suntan dan n bill

scum bags

 

[matty1878]

All it takes is for someone to send an anonymous note and tip off the right person

and then get money and give it to us for players?

 

[Mrtallywacker]

Hey mate. Could you in layman's terms describe what you believe to be happening.

We're goosed my son.

God bless.

 

[BeardedScotsman]

Hey mate. Could you in layman's terms describe what you believe to be happening.

MSP was to buy the club over three calendar years by making three separate cash investments in the club. Those funds would be used to finish the stadium and probably let Moshiri walk away with some cash in his pocket.

From the investor side, it appears that there is a lender in the UK that has to sign off on Moshiri handing over the keys. And they refuse to do so.

 

[The binman chronicles]

We owe rights and media funding about 200mill, that’s secured against assets, Rights and Media weren’t prepared to change or dilute their security for MSPs benefit, thus MSPs investment would/could have been unsecured as such they probably wouldn’t continue with the deal.

Like having a car loan, secured against your car and you go looking for another loan on the same car - the first lender kicks up a fuss and the second lender goes, I’m out.

But the difference here is that they are still lending us the money despite it being unsecured.