777 Partners / Whatever the hell you like

[Wat Tyler]

 

[nsno-chris]

Wonder how much rent they’ll charge us for the use of the stadium

 

[everton8]

The first major decision these guys are going to face is whether to terminate Dele’s loan and send him back to Spurs.

Think we bought Dele, not a loan, fee depends on apps, etc.

 

[zebedee]

Any profit is firstly for the investors.
Very little, if any , money is re-invested back into their companies.
The whole reason they exist is to make money , to do this they maintain the businesses they own at the minimal level they need to give them a return on their money.
They are effectively financial parasites who keep the host with just enough life to allow them to feed.

Oh I know mate 100% agree. I wish it was MSP sports to be honest if mosh was going down this route. At least that's legit to an extent. Wonder if the risk was too large with the last few seasons of results. tis what is

 

[ForeverEverton]

This club is F`d...

Manager that can`t get results.
Owner outgoing so will not sack him.
New owners won`t be in by December, will they want to pay out money to sack or get a discount on the club by sending us down.

 

[MercuryBlue88]

As far as Im concerned this take over will just be more of the same. Moshiri due to various circumstances has purely invested the minimum amount for the last few years, I imagine 777 will do the same. Our future is bleak regardless of whether Moshiri or 777 own us. However under Moshiri no serious investor will be interested, due to how badly we have been run. Hopefully 777 can atleast get us competent off the pitch.

 

[blueblue]

We are not Man United, we do not have a huge income outside of what is earned from gate receipts and television.

We have been battling relegation for three years and no sign that will change anytime soon, no investor is going to earn pots of money from Everton in our current state, furthermore, if we do get relegated then they are facing a capital loss as well as no return on investment.

I don't honestly understand how Everton can be seen as a money pit for anyone for a long time.

Making the club successful is the only hope they have of making any return.

 

[PhilRegan]

You will own nothing and be happy about it

 

[PhilEFC]

The more I learn about these, the more I think we are goosed.

 

[degsy]

I agree that FS products to fans does not look feasible. But I am suggesting that their plan seems to be to sell insurance to investors against the monetized value derived from the passion of fanbases across their portfolio. Essentially, this shifts the ownership risks entirely to the fanbase and keeps the investment relatively safe despite bad decisions on their part.
Our Moshy boy could be the poster child; I had an involuntary discharge of all my friend's money in EFC, but now I am safe and secure throughout the day.

He says this in that FT article which is about football by the way:

The article starts off by saying:
Most of the clubs have been financial underperformers, raising questions about the returns on the firm’s investment, but Josh Wander, who set up 777 in 2015 with co-founder Steven Pasko, said in an interview that critics misunderstood the logic behind its bets.

He then highlights:
777 had $9bn to $10bn of assets under management including a “close to $4bn insurance balance sheet”, he said. All of its funds had been generated by its own operations apart from $250mn it raised in preferred equity, he added.

and then the profile of their company:
Wander and Pasko built 777 from early investments in “esoteric” financial assets such as lottery winnings and structured settlements, in which defendants in lawsuits agree to pay damages over several years rather than as a lump sum.

So to sum up...
They're basically buying The Whole 'kin Club on similar sort of terms we bought Beto for...just on a massive scale

 

[blue to the bone]

 

[Wat Tyler]

 

[kenada_blue]

Arle Kezza Mags still at it.

 

[Tim's tourettes]

We can speculate and catastrophise as much as we like but ultimately its all unknown

 

[Tony’s Carp]

Some interesting points and certainly our football could learn from the NFL in terms of (yuck) monetisation. But ignores some really fundamental differences between the two worlds: the NFL is first and foremost a profit making exercise with semi-socialist rules (salary caps, the draft) designed to keep all franchises competitive, the fans spending, and all the franchises profiting. The franchises compete in a sporting sense but business-wise they are really part of one money making exercise.

There are loads of lessons to be learned on basic money making and basic logistics from somewhere like the NFL but the answer to why NFL teams make a profit and PL teams by and large do not lies in the fact that PL teams have to financially outmuscle each other to buy success in a way that NFL teams can't and don't.