Cake
Player Valuation: £950k
Newcastle were 'cheap' at £300m. Moshiri is somehow getting >£550m for us
I’d argue completely the opposite to what you’re suggesting, these are the only fellas willing to (or at least willing to pretend to) pay his ludicrous asking price for the club. Which says to me that yes, Moshiri appears very desperate indeed to scramble together as much money as he can from the sale.
Frenk
Player Valuation: £30m
Hey if I saw that lot being sold for £300 million then I’d want more too.
Frenk
Player Valuation: £30m
I have no idea Mike, just joking. This whole thing is one big joke, from Kenwright, docks, tesco, Moshiri, Baxendale, headlocks, 777 and much more. It’s like a murder mystery, maybe Miss Marple can unravel it all, or maybe we’d need Poirot?
Jeff Jones
Player Valuation: £35m
777 doesn't have 550,000 pounds, so why is Moshiri hanging on to that hope?
Because he is thick beyond comprehension.
Maybe it merely highlights the same levels of decision making in display since he decided Kenwright was the right man to take good care of his investment.
That worked out great.
MACCA75
Player Valuation: £70m
Bit disingenuous to say Newcastle have ‘literally zero’ history. They have 4 league titles and more FA Cup wins than us.
And are the only Prem club in a huge radius.
Hes defo not getting anything like that mate - 69 mill rising to 149 mill with accelerators and he's blessed to get that.
In fact he wont get that - not from 777 any road.
summerisle
The rain, it raineth every day
Selling the family silver.
Flair Airlines says lender provides new funding and acquires stake from major investor.
Flair Airlines says its major U.S. investor, 777 Partners, has reduced its stake in the Edmonton-based discount carrier.
In response to a query from The Globe and Mail, Flair said a company related to its largest lender has acquired a portion of 777 Partners’ shares and will provide new debt funding. Flair did not provide details, including which company acquired the shares and the terms. Flair did not immediately provide answers to follow-up questions.
“We are excited about this strategic evolution and the new financial commitment,” said Stephen Jones, Flair’s chief executive officer, in a statement. “We are grateful for their support as we chart the course for continued growth.”
Miami-based 777 Partners previously held 25 per cent of privately owned Flair, the maximum allowed by a foreign entity, and was a major provider of financing and leased aircraft.
Flair made the announcement two days after 777 Partners’ Australian airline, Bonza, ceased operations and entered administration, a form of court protection from creditors for insolvent companies. The Australian Financial Review reported creditor AIP Capital seized Bonza’s aircraft, citing an internal e-mail from Bonza chief executive officer Tim Jordan.
Bonza said in a statement the shutdown is temporary. “We apologize to our customers who are impacted by this and we’re working as quickly as possible to determine a way forward that ensures there is ongoing competition in the Australian domestic aviation market.”
In 2018, 777 Partners became a Flair shareholder, spurring a major expansion that was to include the addition of about 50 Boeing 737s leased from the U.S. investor. In 2022, 777 Partners’ involvement with Flair spurred a Canada regulatory investigation into the possibility the U.S. company was calling the shots. Foreign investors are not allowed to control Canadian airlines through board seats or strategic decision-making. After a review by the Canadian Transportation Agency, Flair agreed to add more Canadians to its board and remove 777 Partners’ veto rights over its decisions on aircraft leases.
Meanwhile, 777 Partners’ insurance division, 777 Re Ltd., recently had its credit rating downgraded by AM Best of New York. The credit rater cited 777 Re’s “weak” balance sheet and exposure to illiquid investments in affiliated investments. In addition to Flair and Bonza, 777 partners is a major owner of pro soccer teams. It did not respond to e-mailed questions about Flair.
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Flair Airlines says lender provides new funding and acquires stake from major investor.
Flair Airlines says its major U.S. investor, 777 Partners, has reduced its stake in the Edmonton-based discount carrier.
In response to a query from The Globe and Mail, Flair said a company related to its largest lender has acquired a portion of 777 Partners’ shares and will provide new debt funding. Flair did not provide details, including which company acquired the shares and the terms. Flair did not immediately provide answers to follow-up questions.
“We are excited about this strategic evolution and the new financial commitment,” said Stephen Jones, Flair’s chief executive officer, in a statement. “We are grateful for their support as we chart the course for continued growth.”
Miami-based 777 Partners previously held 25 per cent of privately owned Flair, the maximum allowed by a foreign entity, and was a major provider of financing and leased aircraft.
Flair made the announcement two days after 777 Partners’ Australian airline, Bonza, ceased operations and entered administration, a form of court protection from creditors for insolvent companies. The Australian Financial Review reported creditor AIP Capital seized Bonza’s aircraft, citing an internal e-mail from Bonza chief executive officer Tim Jordan.
Bonza said in a statement the shutdown is temporary. “We apologize to our customers who are impacted by this and we’re working as quickly as possible to determine a way forward that ensures there is ongoing competition in the Australian domestic aviation market.”
In 2018, 777 Partners became a Flair shareholder, spurring a major expansion that was to include the addition of about 50 Boeing 737s leased from the U.S. investor. In 2022, 777 Partners’ involvement with Flair spurred a Canada regulatory investigation into the possibility the U.S. company was calling the shots. Foreign investors are not allowed to control Canadian airlines through board seats or strategic decision-making. After a review by the Canadian Transportation Agency, Flair agreed to add more Canadians to its board and remove 777 Partners’ veto rights over its decisions on aircraft leases.
Meanwhile, 777 Partners’ insurance division, 777 Re Ltd., recently had its credit rating downgraded by AM Best of New York. The credit rater cited 777 Re’s “weak” balance sheet and exposure to illiquid investments in affiliated investments. In addition to Flair and Bonza, 777 partners is a major owner of pro soccer teams. It did not respond to e-mailed questions about Flair.
Sign up for the Top Business Headlines: Evening Edition Newsletter.
An informative summary of the day’s top business headlines, features and columns.
Register to sign up
kenada_blue
Welcome to Barcelonaton FC
Practically debt free, 55k stadium, 1 club city, clear of FFP so could spend for a time.
Ashley may have been the worst owner on the pitch, but off it he was all business
History don't mean anything if you're hemorrhaging money
Frenk
Player Valuation: £30m
ForeverEverton
Player Valuation: £40m
The purchase price for 777 from Moshiri is £60m rising to £130m, his loans will not be paid back immediately.
Noisy noise annoys
Player Valuation: £60m
The Nature Boy
Player Valuation: £950k
The Nature Boy to the rescue!!!
