Topic: Everton - The 777 Unflushables

[kiwiscouser]

I’m assuming that if 777 get knocked back by the prem what happens to the 200 mill they’ve used (of other people’s money) to keep the club operating.?

They are a creditor and will want the money back asap.  It could tip Everton into liquidation but if that happens they get nothing. It’s delicate at the moment until a creditor realised they won’t get money back and call in the debt.

Best thing the owner can do is find a buyer and sell it to them for a £1. If he can find anyone that stupid.

[FiSh77]

They are a creditor and will want the money back asap.  It could tip Everton into liquidation but if that happens they get nothing. It’s delicate at the moment until a creditor realised they won’t get money back and call in the debt.

Best thing the owner can do is find a buyer and sell it to them for a £1. If he can find anyone that stupid.

[oojason]

'Everton owner Farhad Moshiri has serious doubts over 777 takeover' - by Paul Joyce:-

Sign-off on US firm’s takeover has not taken place amid doubts over its financial capabilities and with a number of Premier League conditions yet to be satisfied

www.thetimes.co.uk/sport/football/article/everton-takeover-777-partners-farhad-moshiri-pzqv7bvt9 - or for free and in full, here: https://archive.ph/rORzg

[So… Howard Philips]

Away from the large scale financial shenanigans I take it that Self Righteous FC are now happy that they have avoided relegation and can remain sticking their snouts into the trough of filthy lucre the Corrupt PL provide .

[4pool]

'Everton owner Farhad Moshiri has serious doubts over 777 takeover' - by Paul Joyce:-

Sign-off on US firm’s takeover has not taken place amid doubts over its financial capabilities and with a number of Premier League conditions yet to be satisfied

www.thetimes.co.uk/sport/football/article/everton-takeover-777-partners-farhad-moshiri-pzqv7bvt9 - or for free and in full, here: https://archive.ph/rORzg

And yet Farhad has been happy to take 20 mil a month off 777 to keep the players paid and the lights on.

[Fromola]

Away from the large scale financial shenanigans I take it that Self Righteous FC are now happy that they have avoided relegation and can remain sticking their snouts into the trough of filthy lucre the Corrupt PL provide .

Everton are like the wife of a rich, aristocratic husband that she hates, but will fight tooth and nail for them to stay together for the lifestyle and status.

They hate the corrupt PL but their whole raison d'etre is to stay in it at all costs (and to stop any super league).

[A Red Abroad]

Everton are like the wife of a rich, aristocratic husband that she hates, but will fight tooth and nail for them to stay together for the lifestyle and status.

They hate the corrupt PL but their whole raison d'etre is to stay in it at all costs (and to stop any super league).

 

[Terry de Niro]

 

[FiSh77]

Everton are like making love to a beautiful woman

You think they're about to go down...

[MrGrumpy]

'Everton owner Farhad Moshiri has serious doubts over 777 takeover' - by Paul Joyce:-

Sign-off on US firm’s takeover has not taken place amid doubts over its financial capabilities and with a number of Premier League conditions yet to be satisfied

www.thetimes.co.uk/sport/football/article/everton-takeover-777-partners-farhad-moshiri-pzqv7bvt9 - or for free and in full, here: https://archive.ph/rORzg

If the takeover does not go through, I assume it that 777 will call in their loans. Any idea what kind of interest they are charging?

[A Red Abroad]

Everton are like making love to a beautiful woman

You think they're about to go down...

 

[FiSh77]

 

[rafathegaffa83]

If Joyce is saying this I'd say the chances are high that it collapses

[SamLad]

Everton are like making love to a beautiful woman

You think they're about to go down...

... and they start booing your performance?

[disgraced cake]

777 deal will collapse it looks like. Shame. Hoping some other cowboys can come and get things sorted.

[SamLad]

777 deal will collapse it looks like. Shame. Hoping some other cowboys can come and get things sorted.

H&G?

[disgraced cake]

H&G?

Shovels in the ground. 60 days 

[TepidT2O]

Have they gone bust yet?

[Son of Spion]

... and they start booing your performance?

🤣

[Crosby Nick]

777 deal will collapse it looks like. Shame. Hoping some other cowboys can come and get things sorted.

Will they want all the money they’ve put in over the last few months back? What happens to that?

[TepidT2O]

Will they want all the money they’ve put in over the last few months back? What happens to that?

777 are so crap they gave Everton of all people an unguarenteed loan. How stupid can you get?

[lfc79]

with 777 I guess it would depend on the terms of repayment, if they are entitled to payment of even small part on demand they would be able to put Everton into administration, with a 9 point penalty they would be back in relegation contention. It would be a gamble as in  administration they would get little back but the threat might see them get preferential repayment from any interested buyer.

[coolbyrne]

777's finances are so shit that the best thing that could happen is the deal falls through and they somehow get their money back with interest... which might keep their 'rob Peter to pay Paul' shell game going for a bit longer.

[bravoco]

'They have secured Premier League survival'. Have I missed something, or is a further points deduction still possible?

[Brian Blessed]

... and they start booing your performance?

Then it takes a turn for the weird when they begin snorting the devils dandruff and start lobbing toddlers at you.

[Redbonnie]

 

Well played 

[No666]

777 are so crap they gave Everton of all people an unguarenteed loan. How stupid can you get?

It isn't their money and they've earned the interest in the interim. 777 goes bust but you can be sure that the shifty guys in the baseball caps will have their personal wealth protected. A high-stakes gamble in which the losers will be other people, brought to you by under-regulated Capitalism.

[child-in-time]

'They have secured Premier League survival'. Have I missed something, or is a further points deduction still possible?

Highly unlikely. Entering administration next season is a real possibility though.

[bravoco]

Highly unlikely. Entering administration next season is a real possibility though.

Okay, thanks for that. There are worse penalties if that happens, aren't there?

[Redknight60]

777 are so crap they gave Everton of all people an unguarenteed loan. How stupid can you get?

It's an unsecured loan. They still need to pay it back. Some of the blues have heard the term unsecured and seems to think it's a gentlemans agreement type of deal.....For 200million quid.

[swoopy]

Plus, if they've been relying on £20 million a month prop ups from their prospective new owners, and that money suddenly stops coming in, it doesn't take a genius to see that they struggle to continue as an entity without fresh money coming from elsewhere

[Fromola]

They're hanging their hats on an oil state now.

[Musketeer Gripweed]

Yeah, because if an oil state really was interested they would obviously hang on to the last minute to save a couple of quid on the purchase.

[BigJimFinn]

They're hanging their hats on an oil state now.

With Everton's track record it would be Venezuela.

[Avens]

They're hanging their hats on an oil state now.

Any rumours of this?

[Ray K]

Any rumours of this?

Every taxi driver in the city, probably.

Knowing Everton, instead of getting a petro-state sheikh billionaire, they'll end up with a guy who runs a 24 hour petrol station in Formby.

[Jwils21]

They would never get involved in sports washing, they are the Peoples Club. High Horse FC

[Fromola]

Any rumours of this?

Some Bahrain wealth fund mooted in conjunction with MSP.

[koptommy93]

They would never get involved in sports washing, they are the Peoples Club. High Horse FC

Even if they did, the days of doing what City and Chelsea did and going 0-100 are long gone.

[Ray K]

Bloomberg reporting that MSP Capital are looking at a takeover if 777 goes kaput. Paywall though

US investment firm MSP Sports Capital is exploring a takeover of Everton FC as the current bid for the Premier League football club falters, according to a person familiar with the matter