So 777 have basically done the equivalent of me looking at £50.00 in my bank account and going to a Ferrari dealership with the intention of coming home with a Ferrari
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Kenwright has form for this. I wonder if 777 are based in someone's bedroom?Only Mosh & Bill could enter in to negotiations with a buyer who’s essentially skint
Happy Days
Well waddya know
Kenwright has form for this. I wonder if 777 are based in someone's bedroom?
Nah mate. We're well past that point now. The two morons running us now will kill Everton if they aren't forced out. 777 is defo the lesser of two evils. Its like being on a plane thats plummeting toward earth and getting offered a parachute by a widely known spiv. You know he's dodgy as hell, and there's a very good chance that the parachute might not open at all but its a choice between taking a chance that will lead to either a surprisingly positive outcome (or at least a quick end) or just accepting death.
thats my thinking, plus ticket price increases, all sorts of content access costs, eventually continually being pushed with 'Bundle your everton membership with true blue house and car insurance'. Or 'sign up now for toffee data'.Just dont think they have the cash to fix this mess , if they came in just looks like we would still have the same problems
Assets under management (AUM) are not necessarily owned by a fund. 777 claims that there are no third party investors, which is technically accurate by definition, but it's also something of a specious claim. As an example, the subsidiary that manages the airplanes the fund owns is supposedly 51% owned by 777 and 49% owned by the management team. That's consistent with the US Code definition of third party investors, since the management team provides the services of the business, but it also means that 777 only owns half the assets.I've seen a lot of stuff about 777 and their net worth. But when they have reported worth of 8bn in assets, doesn't that include all the other clubs they own combined? Wonder how much liquid assets they have.
And if Everton are successful under them, is any profit directed straight to their struggling assets and not reinvested in the club.
Basically, success for them is stabilizing the club and using any surplus funds to stabilize their other assets, then look for big buyers.
This is the best case scenario.
Are they better than the current mess? I'd probably take them over the Saudi government, but thats not a high bar.
Well said. Hit, nail and head.Spot on.
Esk said 777 were buying the club, so is he right?So Esk was right. Bow down and apologise, Esk is ours
Gives off absolutely massive Kendall Roy vibes.A grown man who wears a baseball cap with a tailored jacket is to be viewed as suspicious.
We are way past half way mate, we moved fish and other stuff, drained the dock and cleared the area. Filled in the dock and built every side and most of the roof is completeBased on current estimations of a completion date we've still got circa 14 months of the build left. I think you're vastly underestimating how much there is still left to do.
We might not be half way through but we're much closer to half built than nearly finished.