Avfc96 Posted September 15, 2023 Share Posted September 15, 2023 Everton getting taken over in a deal which is apparently worth £500m, even the group buying them missed making a payment of £500k to the British basketball league last summer. That's only going to end in tears. Link to comment Share on other sites More sharing options...
stewiek2 Posted September 15, 2023 Share Posted September 15, 2023 (edited) Haha Mosheri has pulled a full on Sullivan and Gold on Everton. Jesus those new owners are dodgy as hell. Edited September 15, 2023 by stewiek2 1 Link to comment Share on other sites More sharing options...
MWARLEY2 Posted September 15, 2023 Share Posted September 15, 2023 27 minutes ago, stewiek2 said: Haha Mosheri has pulled a full on Sullivan and Gold on Everton. Jesus those new owners are dodgy as hell. Or pulled a Randy Lerner ... 3 Link to comment Share on other sites More sharing options...
villa89 Posted September 15, 2023 Share Posted September 15, 2023 Moshiri/Usmanov must have lost a fortune on Everton if they only got £500m back. No doubt Everton will be loaded to the gills with debt now in the hope the stadium and increased TV revenues can pay it back. Link to comment Share on other sites More sharing options...
villa4europe Posted September 15, 2023 Share Posted September 15, 2023 why are they dodgy? they own about 8 other football clubs what they are seemingly is a proper investment firm who have just added to their portfolio, they wont give a single ****...as long as they stay a PL team and continue to increase in value, any notion of "get us back to where we belong" can go in the bin Link to comment Share on other sites More sharing options...
Villaphan04 Posted September 15, 2023 Share Posted September 15, 2023 8 minutes ago, villa4europe said: why are they dodgy? they own about 8 other football clubs what they are seemingly is a proper investment firm who have just added to their portfolio, they wont give a single ****...as long as they stay a PL team and continue to increase in value, any notion of "get us back to where we belong" can go in the bin There was an article on them a month ago I think? https://josimarfootball.com/2023/07/03/the-777-football-mystery/ Several of the clubs they own have had financial issues, fan protests against them, they themselves have a checkered past… one of the directors has a criminal background (drugs offense I believe) Link to comment Share on other sites More sharing options...
HanoiVillan Posted September 15, 2023 Share Posted September 15, 2023 Some skepticism here: It lists the hurdles still to be completed - fit & proper (bearing in mind a previous spent criminal conviction), the outcome of the league's disciplinary action against the club, the need to get approval of creditors or repay the debts held by the stadium construction company, the need to fulfil future payments to the builders, the need for sufficient financing to turn around the club which still has negative real cash-flow - and concludes thus: Significant barriers to conclusion of Moshiri & 777 partners “agreement” '[...] Conclusions I can see the potential attractions of the announcement today to both Farhad Moshiri and 777 partners. For Moshiri, if concluded, it would end what has become a nightmare association for all parties, huge losses for him and the near destruction of a proud football club. For 777 partners it promotes the image of a successful multi-club model, still in its acquisition and growth stages. The reality, in my opinion is far from this. The club clearly needs new ownership both for financial reasons and for leadership, direction and frankly its survival prospects. The city of Liverpool needs a successful Everton Football Club, it needs the successful completion of the Everton stadium at Bramley-Moore not only for the cash spend during construction but as a catalyst for economic redevelopment and growth in North Liverpool and beyond. Uncertain future There is nothing to suggest that 777 partners are the solution to Everton’s ownership or financial difficulties. I don’t believe they will overcome the regulatory and other hurdles to acquire the club. That leaves Everton facing a hugely uncertain future. Without a committed owner (Moshiri has shown his hand to that effect) and without immediate cash injections the existential threat Moshiri spoke of (perhaps his only accurate statement in 7 years) is very real.' more at: https://theesk.org/2023/09/15/significant-barriers-to-conclusion-of-moshiri-777-partners-agreement/ Link to comment Share on other sites More sharing options...
MrBlack Posted September 15, 2023 Share Posted September 15, 2023 2 hours ago, HanoiVillan said: Some skepticism here: It lists the hurdles still to be completed - fit & proper (bearing in mind a previous spent criminal conviction), the outcome of the league's disciplinary action against the club, the need to get approval of creditors or repay the debts held by the stadium construction company, the need to fulfil future payments to the builders, the need for sufficient financing to turn around the club which still has negative real cash-flow - and concludes thus: Significant barriers to conclusion of Moshiri & 777 partners “agreement” '[...] Conclusions I can see the potential attractions of the announcement today to both Farhad Moshiri and 777 partners. For Moshiri, if concluded, it would end what has become a nightmare association for all parties, huge losses for him and the near destruction of a proud football club. For 777 partners it promotes the image of a successful multi-club model, still in its acquisition and growth stages. The reality, in my opinion is far from this. The club clearly needs new ownership both for financial reasons and for leadership, direction and frankly its survival prospects. The city of Liverpool needs a successful Everton Football Club, it needs the successful completion of the Everton stadium at Bramley-Moore not only for the cash spend during construction but as a catalyst for economic redevelopment and growth in North Liverpool and beyond. Uncertain future There is nothing to suggest that 777 partners are the solution to Everton’s ownership or financial difficulties. I don’t believe they will overcome the regulatory and other hurdles to acquire the club. That leaves Everton facing a hugely uncertain future. Without a committed owner (Moshiri has shown his hand to that effect) and without immediate cash injections the existential threat Moshiri spoke of (perhaps his only accurate statement in 7 years) is very real.' more at: https://theesk.org/2023/09/15/significant-barriers-to-conclusion-of-moshiri-777-partners-agreement/ Makes for bad reading. You can only assume that if this is the best offer they have at the moment, the only way moshiri is getting someone better is if he lowers the asking price. Whether that's paying off more of the stadium debt, writing off some debt he's owed, or just asking for less in payment for the club...is he willing to do that? Or would he rather wait it out until someone else comes along with as much money on the table, by which time they might have got relegated and actually be worth even less. They're in a terrible state. A bit like us it feels like they need a relegation to reset and rebuild from the bottom. But do they have a £100m youth product on their books to help them? 1 Link to comment Share on other sites More sharing options...
foreveryoung Posted September 15, 2023 Share Posted September 15, 2023 If the FA authorise this take over, they obviously don't give a ****, who takes over clubs, as long as it includes a few brown envelopes. No way are 777 good for the Premier league, the other football clubs they own are just surviving, an it'll be alot harder in the Prem! 1 Link to comment Share on other sites More sharing options...
Popular Post Zatman Posted September 15, 2023 Popular Post Share Posted September 15, 2023 53 minutes ago, foreveryoung said: If the FA authorise this take over, they obviously don't give a ****, who takes over clubs, as long as it includes a few brown envelopes. No way are 777 good for the Premier league, the other football clubs they own are just surviving, an it'll be alot harder in the Prem! They allowed a murderous regime to take over a club. Some dodgy financial people is small change 10 Link to comment Share on other sites More sharing options...
The Fun Factory Posted September 15, 2023 Share Posted September 15, 2023 Generally with new owners, it is like a clean slate. However, this lot looks as dodgy af. It is a shame that such a storied grand club like Everton seems to be going from crisis to crisis. It could have been us. 2 Link to comment Share on other sites More sharing options...
Avfc96 Posted September 15, 2023 Share Posted September 15, 2023 2 minutes ago, The Fun Factory said: Generally with new owners, it is like a clean slate. However, this lot looks as dodgy af. It is a shame that such a storied grand club like Everton seems to be going from crisis to crisis. It could have been us. It was us, we were very very close to going to the wall under Dr Tony Moshiri to them is very similar to Lerner for us 1 Link to comment Share on other sites More sharing options...
Zatman Posted September 15, 2023 Share Posted September 15, 2023 32 minutes ago, Avfc96 said: It was us, we were very very close to going to the wall under Dr Tony Moshiri to them is very similar to Lerner for us Moshiri was always just a front as well for the Russian guy Link to comment Share on other sites More sharing options...
Demitri_C Posted September 15, 2023 Share Posted September 15, 2023 (edited) How can blose get decent owners but a club like Everton cant? Edited September 15, 2023 by Demitri_C Link to comment Share on other sites More sharing options...
Zatman Posted September 15, 2023 Share Posted September 15, 2023 1 hour ago, Demitri_C said: How can blose get decent owners but a club like Everton cant? Tom Brady is such a big name Link to comment Share on other sites More sharing options...
MrBlack Posted September 16, 2023 Share Posted September 16, 2023 16 hours ago, Avfc96 said: It was us, we were very very close to going to the wall under Dr Tony Moshiri to them is very similar to Lerner for us And 777 will be like Xia...promising the earth (and rollercoasters) but not having the finances to back it up. Link to comment Share on other sites More sharing options...
HanoiVillan Posted September 16, 2023 Share Posted September 16, 2023 20 hours ago, Zatman said: Tom Brady is such a big name Meh. Now Diniyar Bilyaletdinov, on the other hand, that was a big name. Link to comment Share on other sites More sharing options...
theboyangel Posted September 16, 2023 Share Posted September 16, 2023 2 hours ago, HanoiVillan said: Meh. Now Diniyar Bilyaletdinov, on the other hand, that was a big name. He’s no Jan Vennegoor of Hesselink though is he 1 Link to comment Share on other sites More sharing options...
Mantis Posted September 17, 2023 Share Posted September 17, 2023 They're in trouble. 1 point from Fulham, Wolves and Arsenal at home and Sheffield United and us away with only 2 goals scored is shocking. Link to comment Share on other sites More sharing options...
MWARLEY2 Posted September 17, 2023 Share Posted September 17, 2023 6 defeats at home out of the last 7 . Ouch Link to comment Share on other sites More sharing options...
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