Everton/777 Partners

[ElectroClaret]

Proposed takeover looks officially like a dead duck, with just a few hours to go before the deadline to complete expires.

Where do they go from here?

[Enola Gay]

Proposed takeover looks officially like a dead duck, with just a few hours to go before the deadline to complete expires.

Where do they go from here?

Down to the lake, I fear...

(sorry, couldn't resist)

[bobinho]

Oblivion hopefully….

[Swizzlestick]

Wasn’t one of the owners at Crystal Palace interested in taking it on?

[ClaretTony]

Wasn’t one of the owners at Crystal Palace interested in taking it on?

I saw that one yesterday but he’d have to sell his Palace interest first

[Nonayforever]

Administration.
Then someone takes it over for 7 & 6 pence.

[Swizzlestick]

I saw that one yesterday but he’d have to sell his Palace interest first

Aye, seems like there’s a bit to do.

https://www.forbes.com/sites/jamesnalto ... c53eb911b5

[bfcjg]

It was obvious from day 1 they were dodgy. The fit and proper person test should have been a formality but it dragged on and on to ensure the season was completed so the risk of administration was kicked down the road.

[NewClaret]

Down to the lake, I fear...

(sorry, couldn't resist)

They’ve spunked a lot of money on that stadium to acquire some junior debt

[sjb]

Down to the lake, I fear...

(sorry, couldn't resist)

Bravo sir!

[Stockbrokerbelt]

Read the FT articles, basically the first buyers were keen until they saw the books, 777 partners have leant Everton 200m but it has to be repaid on day of sale to another buyer, the same 250m to MSL partners which is just the tip of the iceberg.

[Bordeauxclaret]

It would have been funny if this had gone through.

Ah well.

[Alanstevensonsgloves]

Down to the lake, I fear...

(sorry, couldn't resist)

Here we go...

[Quickenthetempo]

It would have been funny if this had gone through.

Ah well.

They would have been worse than our chancers.

[bfcjg]

They would have been worse than our chancers.

Chancers?

[Quickenthetempo]

Chancers?

I don't like swearing

[bfcjg]

I was dubious at the start and I hate debt on our club, it led to the dark days when we borrowed for Bond, however I do think the chairman loves his football after his time in Spain and he is a Claret as is JJ etc. Let's face it lifelong Clarets Garlick and JB put the club up for sale and us miserable buggers on UTC didn't offer to buy it and if we did we'd have had to borrow against the club.

[CharlieinNewMexico]

They would have been worse than our chancers.

Chancers is completely inappropriate unless you meant “people that stopped OUR club going bust”

Which did you mean?

[Belgianclaret]

Aye, seems like there’s a bit to do.

https://www.forbes.com/sites/jamesnalto ... c53eb911b5

If you want a crazy owner he’s the guy you’re looking for. Look what a circus he made of RWDM when he took over 🫣

[boyyanno]

Chancers is completely inappropriate unless you meant “people that stopped OUR club going bust”

Which did you mean?

You think ALK stopped our club going bust?

The same ALK who took over a club in the PL with 0 debt and now finds it in the Championship with a shed load of debt?

[theduke]

Read the FT articles, basically the first buyers were keen until they saw the books, 777 partners have leant Everton 200m but it has to be repaid on day of sale to another buyer, the same 250m to MSL partners which is just the tip of the iceberg.

Nobody knows about the 777 money. Everton owe MSP £158m and they have extended that loan this week (MSP loan is from 2 big Everton fans).

Moshiri will go back to funding the club until he sells to somebody else or until the stadium is finished and then they will take a bigger loan to cover all debts at lower interest.

Not sure who the FT are claiming were the first buyers? From what i know MSP tried to buy 25% of the club but another creditor rejected it as it valued the club to low. Nobody else has seen the books

[ClaretPete001]

Chancers is completely inappropriate unless you meant “people that stopped OUR club going bust”

Which did you mean?

Has Donald Trump moved to New Mexico?

[Roosterbooster]

I presume Everton are going to have to sell big before the end of June. 1 - for FFP reasons. And 2 - purely for normal financial reasons

I would imagine decent money for Pickford and Branthwaite.
Will more be required?

Onana, DCL and Dwight are probably the next on the "for sale list"

Dyche will really have his work cut out next season

[Stockbrokerbelt]

Nobody knows about the 777 money. Everton owe MSP £158m and they have extended that loan this week (MSP loan is from 2 big Everton fans).

Moshiri will go back to funding the club until he sells to somebody else or until the stadium is finished and then they will take a bigger loan to cover all debts at lower interest.

Not sure who the FT are claiming were the first buyers? From what i know MSP tried to buy 25% of the club but another creditor rejected it as it valued the club to low. Nobody else has seen the books

They probably know more than me or you, 777 are also being investigated for fraud, they say the amount owed to MSL is 250m who have 2 of their owners who are Everton fans & were invited to bid but would not.

[Nonayforever]

I don't know what would be the best option.

777 getting the deal done, lol, or going into administration, lol.

[Poulton-le-Claret]

BBC News - Consortium with Saudi royal makes £400m Everton bid

https://www.bbc.com/sport/football/arti ... mmrwk4nz0o

[theduke]

So thats 5 now who want them?

Bell & downing backed by Dell
Saudi Consortium
Roma Owner
Textor from Palace
MSP capital

All the talk of Admin was fantasy land, for the right price Everton are one of the best investments in the league

[bfcjg]

BBC News - Consortium with Saudi royal makes £400m Everton bid

https://www.bbc.com/sport/football/arti ... mmrwk4nz0o

I hope for the great man's sake the Prince is Mustafa Dychey.

[yTib]

when exactly was it when everton overtook the bar stewards as our main target of vitriol?

the amount of anti-everton threads this season has been nothing short of obsessive.

are we in danger of becoming their stockport?

[Quickenthetempo]

when exactly was it when everton overtook the bar stewards as our main target of vitriol?

the amount of anti-everton threads this season has been nothing short of obsessive.

are we in danger of becoming their stockport?

It's a bit like Rovers fans thinking Man U were their rivals in the 90s.
That didn't work out right well.

[Rick_Muller]

when exactly was it when everton overtook the bar stewards as our main target of vitriol?

the amount of anti-everton threads this season has been nothing short of obsessive.

are we in danger of becoming their stockport?

for me its when they cheated and stayed in the premier league at our expense, I cant speak for others

[ClaretAndJew]

for me its when they cheated and stayed in the premier league at our expense, I cant speak for others

At our expense?

We got 24 points.

[Rileybobs]

At our expense?

We got 24 points.

I presume he’s referring to our relegation in 2022.

[Woodleyclaret]

Evertons finances should have seen them relegated with points deduction and then letting them off a total fiasco. The corruption in the Premier league is totally out of control with no meaningful sanctions applied to Forest, City, Chelsea and Everton.
I personally am not anti Everton but I am anti corruption by chairmen taking liberties and manipulation of the weak rules re financial sustainablity

[Casper2]

Evertons finances should have seen them relegated with points deduction and then letting them off a total fiasco. The corruption in the Premier league is totally out of control with no meaningful sanctions applied to Forest, City, Chelsea and Everton.
I personally am not anti Everton but I am anti corruption by chairmen taking liberties and manipulation of the weak rules re financial sustainablity

Let’s hope no one tells you about Alan Pace

[theduke]

Another bid now. 2 billionaires with proof of £1bn in cash and no debt

[NewClaret]

Another bid now. 2 billionaires with proof of £1bn in cash and no debt

Who’s that then? The Saudi guy and?? I’ve not read anywhere about the proof of cash piece, can you link me up?

I’m surprised the MSP guys haven’t just called in their debt and swiped 51% on the cheap, especially when they’re one of the alleged bidders.

I did’t have any doubts that they would find buyers after the 777 deal collapsed. The question is how long will it take to conclude the deal with all the necessary checks? Do they have the money to see them through? Will they have to sell anyone in the meantime? And can they afford incomings if it’s going to take a while to sort out?

[Vegas Claret]

Another bid now. 2 billionaires with proof of £1bn in cash and no debt

and then one of the worst teams suddenly becomes very wealthy making it even more difficult for any promoted team

[theduke]

Who’s that then? The Saudi guy and?? I’ve not read anywhere about the proof of cash piece, can you link me up?

I’m surprised the MSP guys haven’t just called in their debt and swiped 51% on the cheap, especially when they’re one of the alleged bidders.

I did’t have any doubts that they would find buyers after the 777 deal collapsed. The question is how long will it take to conclude the deal with all the necessary checks? Do they have the money to see them through? Will they have to sell anyone in the meantime? And can they afford incomings if it’s going to take a while to sort out?

https://x.com/_pauljoyce/status/1801309824384438578

its behind a paywall but Joyce confirms in it that no debt involved and proof of £1bn in cash has been produced.

Its prob not as easy as the press have made out for MSP to take the 51%. Yeah they shoould have the money the PL money is due to them this month

[Quickenthetempo]

q
I’m surprised the MSP guys haven’t just called in their debt and swiped 51% on the cheap, especially when they’re one of the alleged bidders.

Very few make money from running football clubs.

There is money in lending to football clubs at 10% or whatever, providing they pay it back.

[bfcjg]

Quick Lar hide the banner, don't want to put them off

4d4078e4444c9a7f8e3d4f0dab43008b159f36bf.jpg (408.92 KiB) Viewed 3216 times

[theduke]

Announced a £20m per season kit deal with Castore. 7th Highest in the PL.

For ref West Hams is £5m a season and Villas was £3m

[NewClaret]

Announced a £20m per season kit deal with Castore. 7th Highest in the PL.

For ref West Hams is £5m a season and Villas was £3m

BBC actually says Hummel deal was £9m and this could be worth up to three times as much.

Have to question how that could be…

Either Hummel were raking it in and we’re killing it. Or Castore have overpaid massively… or probably more likely they expect to spank the fans with huge hikes in prices.

Not good for someone, either way, I expect the fans.

[theduke]

Takeover sale agreed. Sold to the Roma owner.

Another us billionaire in the PL

[DAVETHEVICAR]

Wish we could find one

[Swizzlestick]

Going down the multi club model route….

[Wo Didi]

https://x.com/_pauljoyce/status/1801309824384438578

its behind a paywall but Joyce confirms in it that no debt involved and proof of £1bn in cash has been produced.

Its prob not as easy as the press have made out for MSP to take the 51%. Yeah they shoould have the money the PL money is due to them this month

Here's the article

UK-based investor backed by two billionaires enters race to buy Everton
Vici Private Finance have offered concrete terms to Farhad Moshiri within the past week while Everton have also agreed a new club-record partnership with sportswear brand Castore
Paul Joyce
, Northern Football Correspondent
Friday June 14 2024, 9.00am, The Times

Premier League


Football


An agreement could be executed quickly if Moshiri decides to give the group the green light
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Everton owner Farhad Moshiri has received a fresh bid to buy the club from a UK-based investor, Vici Private Finance, which is backed by at least two billionaires.
The Times understands that Vici initiated discussions with Moshiri and his advisers several months ago and has offered concrete terms within the past week.
The Vici bid is being advised by Keith Harris, who was brought on to Everton’s board of directors by Moshiri in 2016 and was deputy chairman for a spell.
It involves no borrowed money and it is believed that proof of funds of about £1billion in cash have been shown. As external funding is not required, an agreement could be executed quickly if Moshiri decides to give the group the green light.
Vici is a newly established UK multi-family office of investment funds that has brought a financial consortium together, supported by two western hemisphere billionaire owners’ funds and several foundations, including a humanitarian fund.
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The full and comprehensive offer to Blue Heaven Holdings, the company which holds Moshiri’s 94.1 per cent stake, meets his valuation of the club and also includes provision for short-term funding before completion to stabilise the club’s finances and an additional commitment towards restructuring and clearing debts.
Everton’s short-term debt stands at about £200million to £230million and there would be significant money made available for squad strengthening subject to Profit and Sustainability Rules.

Vici have already spoken to local politicians about the regeneration of the area by the club’s new stadium at Bramley-Moore dock
AFP
In addition, Vici is keen to work with the local authorities on the regeneration of the area by the club’s new 52,000-seat stadium at Bramley-Moore dock on the banks of the River Mersey. Talks have already taken place with local politicians.
Harris, who left the Everton board in 2019, has overseen a number of high-profile takeovers in the past, including the sale of Chelsea to Roman Abramovich and Randy Lerner’s purchase of Aston Villa.
Moshiri has fielded a number of offers from interested parties following the collapse of a sales agreement with US firm 777 Partners on May 31.
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One is from local businessmen and Everton supporters Andy Bell and George Downing, who are being backed by the “family offices” of Michael Saul Dell, the founder of Dell Technologies.
MSP Sports Capital have also tabled a rival bid.
Both Bell and Downing and MSP were creditors in the £158million loan which 777 Partners could not repay before a May 31 deadline, prompting the termination of Moshiri’s discussions with the Miami-based business.
In addition, Roma owner Dan Friedkin has shown interest in Everton, London-based businessman Vatche Manoukian is leading a group of international investors and US firm A-Cap, which was a lender for 777 Partners, has put forward a deal where Moshiri would remain as majority shareholder.
Everton have agreed a new long-term partnership with sportswear brand Castore that will be worth in excess of £20 million-a-year.
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The deal is a club record and the company will supply high-performance playing, training and travel wear from the start of next season.
They will also become the first founding partner of Everton’s new stadium at Bramley-Moore dock which will be ready for the start of the 2025-26 campaign.
Castore was set up by brothers and former athletes Tom and Phil Beahon, who hail from the Wirral, in 2016 and with the deal Everton join a growing portfolio of clients which already includes England and Wales Cricket, McLaren Formula 1 and Oracle Red Bull Racing, tennis legend Andy Murray and Olympic swimmer Adam Peaty.
The founding partner status acquired by Castore will give them access to enhanced commercial opportunities and media rights at Everton’s new home and shows how the move to the state-of-the-art 52,888 capacity waterfront arena will enable the club to boost revenue streams.
Several other stadium partner deals are expected to be announced in coming months, with the uplift in revenue once the new ground is operating set to be worth as much as £65 million per season to Everton.
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Everton had previously been supplied by Danish brand hummel for the past four years.
Castore’s Tom Beahon said: “Everton are pioneers of the beautiful game and the club’s history of consistently striving for new innovation and setting new norms is a great match with our foundational belief that ‘Better Never Stops’.
“Being from Merseyside, we truly understand what football means to people in this part of the world and, for that reason, we are looking forward to being part of what is an inspiring and once-in-a-generation journey ahead for Everton.”

[Swizzlestick]

Now not happening. https://www.liverpoolecho.co.uk/sport/f ... 573244.amp

[ClaretTony]

What a mess - so many clubs suffer because of shocking owners and here's a shining example of that. No way should a club like Everton ever be in this sort of trouble.

[Funkydrummer]

Foreigners eh, who'd have them ?