777 Partners - New Poll Added 18/10/23

[Tony’s Carp]

Maybe Moshiri needs to get everyone round the table and work out a solution that suits everyone, before it’s too late.

777 have put a fair chunk of cash in but clearly are unlikely to get approved as owners. Maybe the best solution then is converting that to a minority stake: if they can’t get PL approval for full ownership they likely never will so minority interest like they have at Sevilla is the best they can do to get a PL club into their portfolio. That would probably also be best for us at the moment rather than adding to the debt pile.

Then negotiate a controlling interest with the other bidder. Clearly they don’t want to spend a packet otherwise they would match 777s offer and be done with it. So a lesser sum for majority control rather than total ownership might appeal. This might even leave a little room for Moshiri to retain a small interest himself so he can benefit to some extent from the completion of the project he started.

There’s no ideal solutions really but if 777 have their feet under the table with the money they’ve put in, and aren’t going to back out, maybe a hybrid solution is needed.

 

[Eggsyblueskin]

Maybe Moshiri needs to get everyone round the table and work out a solution that suits everyone, before it’s too late.

777 have put a fair chunk of cash in but clearly are unlikely to get approved as owners. Maybe the best solution then is converting that to a minority stake: if they can’t get PL approval for full ownership they likely never will so minority interest like they have at Sevilla is the best they can do to get a PL club into their portfolio. That would probably also be best for us at the moment rather than adding to the debt pile.

Then negotiate a controlling interest with the other bidder. Clearly they don’t want to spend a packet otherwise they would match 777s offer and be done with it. So a lesser sum for majority control rather than total ownership might appeal. This might even leave a little room for Moshiri to retain a small interest himself so he can benefit to some extent from the completion of the project he started.

There’s no ideal solutions really but if 777 have their feet under the table with the money they’ve put in, and aren’t going to back out, maybe a hybrid solution is needed.

Which is fine , but I suspect that there is a reluctance within the finance industry to be associated or deal with 777.
We also have R&M still apparently exerting an influence on proceedings.
It’s a mess and at this point only looks like getting infinitely messier.
Ideally we would want someone to come in with sufficient finance to kick the other parasites out .
But that seems highly unlikely at this point.
We are infested when what we need is investment.

 

[Tony’s Carp]

Which is fine , but I suspect that there is a reluctance within the finance industry to be associated or deal with 777.
We also have R&M still apparently exerting an influence on proceedings.
It’s a mess and at this point only looks like getting infinitely messier.
Ideally we would want someone to come in with sufficient finance to kick the other parasites out .
But that seems highly unlikely at this point.
We are infested when what we need is investment.

I definitely think any solution would probably need to get R&M out of the picture as a priority.

Take your point about dealing with 777 but one way or another that’s necessary anyway either as minority investors or major creditors. Short term it’s probably easier to have them inside the tent.

 

[Eggsyblueskin]

I definitely think any solution would probably need to get R&M out of the picture as a priority.

Take your point about dealing with 777 but one way or another that’s necessary anyway either as minority investors or major creditors. Short term it’s probably easier to have them inside the tent.

I think , in normal circumstances this would be correct.
But you would want people ‘in the tent’ with you who honour their obligations, and even when they are minority investors 777 have failed to do this on a number of occasions.

 

[Librarian]

Something good happen please

 

[Eggsyblueskin]

Something good happen please

I’d wish for something more attainable personally, like seeing a unicorn in your back yard or finding a pot of gold at the end of a rainbow.

 

[polish]

I know the guy who owns the NY Mets was meant to be interested in putting something together but he was looking to stay clear of 777 (says it all)

Steven A. Cohen (born June 11, 1956) is an American hedge fund manager and owner of the New York Mets of Major League Baseball since September 14, 2020, owning just over 97% of the team.[3] He is the founder of hedge fund Point72 Asset Management and S.A.C. Capital Advisors, which closed after pleading guilty to insider trading and other financial crimes.

You couldnt make this up.

 

[chippy1722]

Maybe Moshiri needs to get everyone round the table and work out a solution that suits everyone, before it’s too late.

777 have put a fair chunk of cash in but clearly are unlikely to get approved as owners. Maybe the best solution then is converting that to a minority stake: if they can’t get PL approval for full ownership they likely never will so minority interest like they have at Sevilla is the best they can do to get a PL club into their portfolio. That would probably also be best for us at the moment rather than adding to the debt pile.

Then negotiate a controlling interest with the other bidder. Clearly they don’t want to spend a packet otherwise they would match 777s offer and be done with it. So a lesser sum for majority control rather than total ownership might appeal. This might even leave a little room for Moshiri to retain a small interest himself so he can benefit to some extent from the completion of the project he started.

There’s no ideal solutions really but if 777 have their feet under the table with the money they’ve put in, and aren’t going to back out, maybe a hybrid solution is needed.

Any other bidders would be crazy to have 777 as part of the club with them, if 777 don’t complete a full takeover they shouldn’t be anywhere near us, they would have already shown they are complete useless.

 

[Liam-EFC]

Steven A. Cohen (born June 11, 1956) is an American hedge fund manager and owner of the New York Mets of Major League Baseball since September 14, 2020, owning just over 97% of the team.[3] He is the founder of hedge fund Point72 Asset Management and S.A.C. Capital Advisors, which closed after pleading guilty to insider trading and other financial crimes.

You couldnt make this up.

As long as he’s loaded

 

[pfim]

Maybe Moshiri needs to get everyone round the table and work out a solution that suits everyone, before it’s too late.

777 have put a fair chunk of cash in but clearly are unlikely to get approved as owners. Maybe the best solution then is converting that to a minority stake: if they can’t get PL approval for full ownership they likely never will so minority interest like they have at Sevilla is the best they can do to get a PL club into their portfolio. That would probably also be best for us at the moment rather than adding to the debt pile.

Then negotiate a controlling interest with the other bidder. Clearly they don’t want to spend a packet otherwise they would match 777s offer and be done with it. So a lesser sum for majority control rather than total ownership might appeal. This might even leave a little room for Moshiri to retain a small interest himself so he can benefit to some extent from the completion of the project he started.

There’s no ideal solutions really but if 777 have their feet under the table with the money they’ve put in, and aren’t going to back out, maybe a hybrid solution is needed.

It’s not a matter of sums however.

777 and the other bidders would need to agree to one valuation of the club (which 777 seems to value more than any other bidder). There should also be a premium attached to the controlling bidder. Then they’d need to both agree to work with each other…

None of that seems likely

 

[Goat]

As long as he’s loaded

He's vermin.

In 2017, Cohen contributed $1 million to Donald Trump's inauguration.


Yanks don't spend money either, they just take, take, take.

 

[Furey1878]

Feels like 777 have done what they wanted, helped us out with some cash, get us on some interest rates favourable for them, lure out more serious buyers so they don't have to follow through.

 

[Tony’s Carp]

I know the guy who owns the NY Mets was meant to be interested in putting something together but he was looking to stay clear of 777 (says it all)

The rumour I saw was Steinbrenner from the Yankees?

 

[Tony’s Carp]

It’s not a matter of sums however.

777 and the other bidders would need to agree to one valuation of the club (which 777 seems to value more than any other bidder). There should also be a premium attached to the controlling bidder. Then they’d need to both agree to work with each other…

None of that seems likely

Yeah, you are probably right. The important thing is that everyone, creditors and bidders, needs to be talking. There are no easy solutions.

 

[Goat]

So the people who have highlighted how bad 777 are for the last few months suddenly claim there is another party ready to step in.

Funny that isnt it.

Almost like they had an agenda to push.