We’ll sail close to the wind for the foreseeable, the stadium will make a huge difference but it’s still a long time away
It’s built this year, what are you on about?
It won’t be generating any revenue until August 2025 though.
Margarita
Player Valuation: £500k
Is it referring to the length of time it will take to gain the financial benefits from a new stadium?
John from Bootle
Player Valuation: £8m
It might well generate revenue in that time though. Granted, not as much as first team games, but I can see any test events having big demand. It's also not like we're starting from a position of zero. As in, we will still be generating revenue at Goodison during that time, but can add to the coffers with test events and such. Granted, it's not gonna be the same sort of revenue as first team football every other week, but it's not a given that BMD will be a financial dead-weight until first team footy is held there.
I'd pay to go and see literally anything at the ground before our first game there, just to check it out.
I'm sure plenty of us would.
Tony’s Carp
Player Valuation: £40m
I’d go and see just about anything there too. In fact the only place I might draw the line is Everton.
Sinski
Player Valuation: £6m
What in the hell is that??? Thats terrible. This reminds me of the start of the movie Baseketball when they get to the playoffs.
Unless dele and gomes have decided they are not women and their wages are being paid from that account… I can’t see how 800k would be accurate
Marius57
Player Valuation: £50m
Was on a villa forum and it looks like they've had to stop the expansion of their stadium as the revenue lost from closing 1 of their stands would push them over the edge with regards to prs. Another club stopped from progressing by rules set up to protect the sky 6.
turner
I can be a friend to you
Liverpool legends vs klopp select XI with nickelback playing throughout?
Everton future in peril if 777 takeover not completed this month
Working capital and new stadium financing for Bramley Moore Dock is only assured until March 31
www.telegraph.co.uk
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Tom Morgan, SPORTS NEWS CORRESPONDENT4 March 2024 • 5:39pm
53
Everton’s financial future will be plunged into major doubt by the end of the month if 777 Capital’s proposed takeover remains unresolved.
Pressure is mounting for the Premier League to finally make a decision on the deal as working capital and new stadium financing is assured only to March 31.
The coming weeks could be among the most consequential in the Merseyside club’s history, with executives also fighting a second alleged spending breach.
A decision on the outcome of the league’s toughened owners’ and directors’ test can be ruled out for at least another week, sources tell Telegraph Sport. More meetings are anticipated between the top tier and the Miami-based investment firm in the coming days to clarify outstanding questions face to face.
Even if the Premier League board is then satisfied it has received all information, an independent oversight panel of KCs will be called in to review conclusions under the new rules.
The precedent set by Sir Jim Ratcliffe’s 25 per cent purchase of Manchester United have led insiders to conclude that further process alone will take another seven days.
Although Everton’s 10-point deduction was reduced to six last week, the club’s form has dipped worryingly, with defeat against West Ham on the weekend.
An appeal panel reduced Everton’s punishment due to “legal errors” but an accompanying ruling detailed how the club had already committed “over £800 million” to its new Bramley-Moore Dock development.
Telegraph Sport has reported previously how 777 appears unwilling to provide any further loan funding while the takeover saga drags on. The company, one of a growing number of multi-club owner models, agreed to purchase owner Farhad Moshiri’s 94 per cent stake in September. It has since provided Everton with a further £30 million in funding, taking the total loan from the American investment firm to £180 million.
In recent weeks, 777 has moved to reassure its own staff over its finances after the recent departure of Damien Alfalla as chief financial officer.
Co-founders Josh Wander and Steve Pasko wrote in an internal memo: “We are pleased to announce that Brett Kaufman will be stepping into the role of CFO for 777 Partners. We are confident that this change will fortify our future growth and are excited to welcome Brett into the 777 family. We appreciate your continued support and enthusiasm during this transition.”
Everton were hit by claims that the takeover could be put in danger by allegations regarding one of 777s subsidiaries, 777Re, which is a Bermuda-based reinsurer.
But sources close to 777 insisted the reinsurer has been placed under administrative control as part of a reorganisation of the industry by Bermudan authorities, rather than being placed into administration, and that there are no issues for their funding of the Everton deal as a result.
Related Topic
Everton future in peril if 777 takeover not completed this month
Working capital and new stadium financing for Bramley Moore Dock is only assured until March 31Tom Morgan, SPORTS NEWS CORRESPONDENT4 March 2024 • 5:39pm
53
Everton’s financial future will be plunged into major doubt by the end of the month if 777 Capital’s proposed takeover remains unresolved.
Pressure is mounting for the Premier League to finally make a decision on the deal as working capital and new stadium financing is assured only to March 31.
The coming weeks could be among the most consequential in the Merseyside club’s history, with executives also fighting a second alleged spending breach.
A decision on the outcome of the league’s toughened owners’ and directors’ test can be ruled out for at least another week, sources tell Telegraph Sport. More meetings are anticipated between the top tier and the Miami-based investment firm in the coming days to clarify outstanding questions face to face.
Even if the Premier League board is then satisfied it has received all information, an independent oversight panel of KCs will be called in to review conclusions under the new rules.
The precedent set by Sir Jim Ratcliffe’s 25 per cent purchase of Manchester United have led insiders to conclude that further process alone will take another seven days.
Although Everton’s 10-point deduction was reduced to six last week, the club’s form has dipped worryingly, with defeat against West Ham on the weekend.
An appeal panel reduced Everton’s punishment due to “legal errors” but an accompanying ruling detailed how the club had already committed “over £800 million” to its new Bramley-Moore Dock development.
Telegraph Sport has reported previously how 777 appears unwilling to provide any further loan funding while the takeover saga drags on. The company, one of a growing number of multi-club owner models, agreed to purchase owner Farhad Moshiri’s 94 per cent stake in September. It has since provided Everton with a further £30 million in funding, taking the total loan from the American investment firm to £180 million.
In recent weeks, 777 has moved to reassure its own staff over its finances after the recent departure of Damien Alfalla as chief financial officer.
Co-founders Josh Wander and Steve Pasko wrote in an internal memo: “We are pleased to announce that Brett Kaufman will be stepping into the role of CFO for 777 Partners. We are confident that this change will fortify our future growth and are excited to welcome Brett into the 777 family. We appreciate your continued support and enthusiasm during this transition.”
Everton were hit by claims that the takeover could be put in danger by allegations regarding one of 777s subsidiaries, 777Re, which is a Bermuda-based reinsurer.
But sources close to 777 insisted the reinsurer has been placed under administrative control as part of a reorganisation of the industry by Bermudan authorities, rather than being placed into administration, and that there are no issues for their funding of the Everton deal as a result.
Related Topic
