777 Partners - Revised Poll Added 07/05/2024

Revised Polling options on who wants a 777 takeover


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Josimar fell in the PFU
Here you can read the entire statement to the Press' Professional Committee.

THE PRESS'S PROFESSIONAL COMMITTEE SAYS:

The complaint concerns an article in the football magazine Josimar about a footballer who was accused of rape, violence and threats. Josimar wrote that the man, who had previously been acquitted of sleep rape, was reported to the police by a new woman.

The complainant is the footballer, who complains via a lawyer. The complainant states that Josimar did not contact the man or the lawyer before publication and therefore believes that point 4.14 of the Vær Varsom poster (VVP) on simultaneous countermeasures has been breached. This means that the journal lacked sufficient breadth of sources and information control, according to complaints. Furthermore, the complainant writes that Josimar has breached VVP 4.5, on pre-judgment, because the journal did not mention that the woman's report was dismissed. The complainant also believes that the journal did not give the man sufficient answers afterwards, because his version of the case was only linked to, and in a text which the complainant believes had a polemical tail. According to complaints, the man has also been identified because the magazine stated which football club he played for.

Josimar admits that the complainant should have been dealt with at the same time, and states that this was apologized for at the bottom of the article when the complainant contacted the editors. The source base is otherwise good, according to Josimar. As Josimar sees it, they have not breached VVP's right of reply, as the complainant refused to give a reply when the lawyer spoke to the editors on the phone after publication. Josimar further believes that the footballer has not been identified even though the football club has been stated. If the club had been left out, it would cast suspicion on a large group of people, the journal argues. As regards the closure that Josimar did not mention, it is stated that the editorial office is small and that there were no people in the office.


The Press' Professional Committee (PFU) notes that Josimar has not named the footballer, but stated which club he played for. The PFU understands that the case has been a burden for the player, but as the committee sees it, he has been sufficiently anonymised, cf. VVP 4.7.

When the media have discussed ongoing criminal cases, it is important that they follow up when the final conclusion is reached. This also applies in cases where the person referred to is anonymised. VVP 4.5 states that it is "good press practice to refer to a legally binding decision in cases that have been discussed previously". Josimar did not mention that the police dismissed the rape report which was the basis for the contested article. The PFU emphasizes that small newsrooms are not exempt from the press ethics obligations in the VVP.


A central point in the complaint is Josimar's lack of contact with the footballer before the article was published. The Vær Varsom poster states that those who are exposed to strong accusations must be allowed to counter factual information before publication, cf. VVP 4.14. Josimar admits to having failed on this point. The footballer was accused of rape, violence and threats, and the PFU believes that he should obviously have to answer for this. Josimar put in an apology in the article, but that doesn't make up for the overstepping.

The requirement for simultaneous countermeasures must often be seen in the context of VVP 3.2, which asks the media to ensure a sufficient breadth of sources and check that information is correct. When the press is to publish strong accusations against an individual, strict requirements are made on this point. As PFU sees it, Josimar's information control and breadth of sources were insufficient, as the editors did not check the accusations with other sources.

PFU believes it is positive that Josimar apologized, but the committee is critical of how it was done. The magazine linked to a press release from the footballer's lawyer, in which the player's view came out. Finally, in the apology, Josimar wrote that the editors have documentation that refutes the footballer's version. PFU refers to VVP 4.15, which states that replies must not be equipped with editorial, polemical retorts.

Josimar has breached good press practice in points 3.2, 4.5, 4.14 and 4.15 of the Vær Varsom poster.
 
He’s definitely on record saying the stadium was fully funded. The only way that can be true I see is if there is a funding agreement with 777 that is independent of the sale agreement since it’s them providing the funding. If that’s the case then “we’ll stop funding” starts to sound like a bluff. Or Chong was being, er, inaccurate although he doesn’t seem the dishonest type.
That was meant to be Usmanov/USM...
 
Scaremongering & sensationalism for impressions. That's all it really boils down to.

They may very well have some pertinent points - but as you say, it's always a very unbalanced view and I'm particularly wary about those kind of arguments.

The more concerning new piece of info there that another insurer has backed out of 777re. Given that's their largest asset to borrow against and greatest source of cash, this entity won't be around much longer. King admits that 777re has not been managed well, which is a HUGE red flag.

When we discussed the first downgrade months ago, we talked about how that will affect their business (insurers and therefore reinsurers are only as good as their ratings). This entity is on its way out.

There's no context to the $3 billion. Is there too much leverage? Are they not meeting their obligations on the debt? The story hints at $150 million or whatever past due, but it just looks like they're reading a balance sheet, there's no context.
 

Criticism of the Josikar article is odd. Ok, there are different ways to interpret information, I get that, but 777 have been trying to get approved by the PL for months. So there are very clearly issues and these likely aren’t far from the mark.
Catch 22 situation, no 777, go bust, 777? Might go bust anyway.
 
The more concerning new piece of info there that another insurer has backed out of 777re. Given that's their largest asset to borrow against and greatest source of cash, this entity won't be around much longer. King admits that 777re has not been managed well, which is a HUGE red flag.

When we discussed the first downgrade months ago, we talked about how that will affect their business (insurers and therefore reinsurers are only as good as their ratings). This entity is on its way out.

There's no context to the $3 billion. Is there too much leverage? Are they not meeting their obligations on the debt? The story hints at $150 million or whatever past due, but it just looks like they're reading a balance sheet, there's no context.
I’ve noticed that funny pattern with their articles- the headline and much of the article can be a bit of a non-story (catgate) and the genuinely important stuff is buried deep within the article. Either they don’t really know what matters and what doesn’t or they just don’t feel like the boring (but important) nitty gritty doesn’t make for as exciting a headline.
 
I’ve noticed that funny pattern with their articles- the headline and much of the article can be a bit of a non-story (catgate) and the genuinely important stuff is buried deep within the article. Either they don’t really know what matters and what doesn’t or they just don’t feel like the boring (but important) nitty gritty doesn’t make for as exciting a headline.

They don't seem to understand what they are reporting in large part.

All of the red flags are there, just need to stick to those.

Not paying players at Liege is CRAZY BAD, and directly correlates to how Everton will be run.

Their largest source of cash is crumbling.

They have a history of withholding payments (BBL, Vasco Da Gama, Flair).

There's more than enough meat there.

There are articles out there that say the meeting with the PL will be within a week, but the articles suggest that 777 is asking for the meeting, not the PL.

It appears to me that the PL has taken a position and won't be moved from it without unimpeachable financial information.
 

They don't seem to understand what they are reporting in large part.

All of the red flags are there, just need to stick to those.

Not paying players at Liege is CRAZY BAD, and directly correlates to how Everton will be run.

Their largest source of cash is crumbling.

They have a history of withholding payments (BBL, Vasco Da Gama, Flair).

There's more than enough meat there.

There are articles out there that say the meeting with the PL will be within a week, but the articles suggest that 777 is asking for the meeting, not the PL.

It appears to me that the PL has taken a position and won't be moved from it without unimpeachable financial information.
Yeah, exactly, as journalists it would be enough just to present the facts and let them speak for themselves. By editorialising they just expose their own lack of knowledge of the detail, and as a result leave themselves open to accusations of bias.
 

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