Stop reading after this
Not arsed what that paper has to say following chief Kopite and his constant negative reporting on us
Not arsed what that paper has to say following chief Kopite and his constant negative reporting on us
pfim
Player Valuation: £35m
I'm not sure of the timing, but it all depends on their collateral and their ability to collect.
Or Moshiri could fund it.
We could negotiate with MSP.
Neither position is ideal.
If 777 stop funding say in March, we need working capital and also the MSP money.
The security for MSP is the stadium company, high stakes.
So much in there, but £60 million rising to £130 million to purchase the Club, I mean I must have missed this pricing structure but that seems ridiculously low?!
It's not a good read but as Esk is quoted on multiple occasions, i guess we can see the influence on the editorial, however, the April payment does us, as it is. It looks that simple for me.
Am I missing something here?
Sadly, i read it and now the cats gonna get it
The 60m-130m is merely a first payment.
It was widely reported they are paying 550m, as long as we remain a Premier League club.
No mate I’m amazed he’s getting 60 mill and only 777 would give it to him, his stake is worth nothing in my opinion, given the clubs debt position and ongoing need for capital.
With MSP and the additional working capital required, the choice for Moshiri is, what’s worth more holding out for less then 60 mill or conservatively putting in around another 220 mill + to keep us going until the end of the season, until the window anyway and we can sell players - which is now a necessity.
An option may be to renegotiate with MSP or he restructures the debt, I think Moshiri would find it difficult to restructure.
If the above doesn’t reconcile the directors such as they are have a legal obligation to put us into administration, if we can’t pay our debts.
Pretty dire isn't it.
pfim
Player Valuation: £35m
I doubt they'd want to own or have a stake in something that isn't going to generate any cash for 18 months. Possible, unlikely.
I’d imagine not, they also have to fund the completion and who’d want it only us, there might be a second white knight on the horizon we can bring to the table, that might be a few months off.
But if your MSP and negotiating, your nailing us in a renegotiation, with your investors interests and their return paramount.
It’s also a ridiculous position to be in to be relying on the good will of the MSPs of this world to keep the club going.
I find it insane that people think Moshiri is walking away with only 60m.
Maybe if the 777 deal breaks down, but theres a very very good reason hes sitting there waiting on 777 and thats the massive premium they are giving him.
The loans helps of course.
Miami-based private equity firm 777 Partners has agreed a deal to acquire English Premier League football club Everton FC in a deal worth around £550m, subject to approval from the relevant authorites , according to reports.
Several investors have held discussions with the club’s majority shareholder Farhad Moshiri since talks over a deal with MSP Sports Capital collapsed last month, but 777, which is also involved with Spanish side Sevilla, Germany’s Hertha Berlin, and Standard liege of Belgium, has emerged as the cub’s new owner.
In February, Moshiri told Everton’s fans’ advisory board the club was “not for sale” but the British-Iranian businessman, who has invested over £750m since 2016 without with little return on or off the pitch, has agreed to sell his 94.1% stake in the club to 777 Partners.
Maybe if the 777 deal breaks down, but theres a very very good reason hes sitting there waiting on 777 and thats the massive premium they are giving him.
The loans helps of course.
Miami-based private equity firm 777 Partners has agreed a deal to acquire English Premier League football club Everton FC in a deal worth around £550m, subject to approval from the relevant authorites , according to reports.
Several investors have held discussions with the club’s majority shareholder Farhad Moshiri since talks over a deal with MSP Sports Capital collapsed last month, but 777, which is also involved with Spanish side Sevilla, Germany’s Hertha Berlin, and Standard liege of Belgium, has emerged as the cub’s new owner.
In February, Moshiri told Everton’s fans’ advisory board the club was “not for sale” but the British-Iranian businessman, who has invested over £750m since 2016 without with little return on or off the pitch, has agreed to sell his 94.1% stake in the club to 777 Partners.
Muggins
Player Valuation: £60m
I think you’re right.
I've seen this figures and hence my astonishment at that quoted £60-130million. However, we know that Moshiri is a lying, deceitful pos, who has basically sunk this club, so nothing at all would be surprising at this stage and administration is seemingly the inevitable outcome, as I believe MSP will nail us hard if we have to renegotiate and this just kicks the can, as far as I can make out?
Muggins
Player Valuation: £60m
This 777, do they just use their investment fund to buy sports clubs hoping they turn small amounts of profit to return to investors? I don’t get it, I’m crap at finance, but why would anyone put money in an investment fund that uses its money on high risk ventures? Is it the stadium… I can see why investing in a multi use venue could be less high risk, especially Bramley Moore. Is it because Everton is still a private company, so no share fluctuations when they squeeze the life out of the club to give back dividends or whatever them things are?
Company’s are valued, by their assets, debt position and ability to make money mate.
Our debt position stands at about 600 mill +. mill to external lenders, the company doesn’t make money - needs serious investment, ongoing injections of working capital to fund the stadium and keep the club in business and faces an existential threat of being kicked out of one of its pluses, PL membership.
He's lucky to be getting £69 mill.
The only thing going for us, is we are currently a member of a very wealthy private membership club, that opportunities to get involved don’t come up very often in.
Moshiri is in a shockingly bad negotiation position.
Wouldn't be surprised if we are eventually sold for something nominal.
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