Anything below a 30% stake doesn't have to pass the fit and proper person test mate.
777 Partners / Whatever the hell you like
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Anything below a 30% stake doesn't have to pass the fit and proper person test mate.
I think a lot have overlooked Moshiri's reply to the Fan Advisory Board that he meet/ answer their request in mid May .Growing sense that something will happen to stop this nonsense, but everyone involved is just waiting until we are formally announced as PL members for 24/25 before doing it. Reeks of it. I can’t see how there is time between Mosh formally announcing he’s open to new buyers, presumably then 777 stop his pocket money, and “alternatives” coming in with enough free cash to spend immediately.
There are presumably income streams at the end of the season (league placing and player sales), and at the start of next (1st branch of TV money and sponsorships?). Don’t know if it’s either enough or quick enough.
If we have to sell Onana asap, we’ll get a far lower fee if we demand 100% up front to pay wages etc. Might squeak us cash wise through summer, but knackers PSR by making less profit. And round and round the circle of disaster goes.
As hapless as Mosh is/has been, we seem to now be hoping for a statement saying he has sadly had to restart a search for a new custodian, and in the mean time will fund all operational and contraction cash requirements, and provide funds to strengthen the squad to replace the departing players. How likely is that?
This to me is more significant than anything else that is put out in the media.
Whatever is happening in the background ( & no one other than him & his team know what is going to happen ) will not be revealed til then.
Again that date has massive significance.
You will get posts often on here saying he was led astray etc and feeds into that victim narrative mate.
Its not just the sale. Its his ownership and the impact on the club. The sale is another extension of it.
Undoubtedly, lobby against the board saw their removal, undoubtedly protest and pressure saw 10 points reduced to 6, then a nominal 2 for the second charge.
The protest and lobby is powerful. Its not what more can the fans do, its we've done a lot and achieved a lot - but the protest is powerful and impacts and we need to use it again.
My point is, the above are symptoms of Moshiri, he put the board in place - they act at the discretion of the majority shareholding, he decided to flout PSR arrogantly thinking hed get away it.
The focus of protest has been on the symptoms, not on Moshiri as the virus - that has to change - he cant arse about with the clubs welfare as we dead head into the summer having to sell more of our best players just to fill a financial black hole of his creating, nor that he can without consequence and impunity just keep kicking the can the road destabilizing the club holistically - by backing the 777 mirage. No.
Who will kids put on the back of the their shirts next season, Richalison gone, Gordon gone - can we say for certain come Aug, Pickford, DCL, Brathwaite and Onana will be here, no. How many seasons do we go on and passively accept we "have to sell" because we need the money - how many seasons has it been, how many relegation battles has it been.
There is a malaise about Moshiri, hes a PR genius, he has purposely used puppets or issues as a lightening rod to take the heat away from him.
Loose the board - appoint himself on it. Reduce points deductions - his business makes £170 mill. Hes won everyway - on the back of our protest. There have been no external consequences for him - bar those of his making.
Its all comes back to him as the head of the snake.
Like i say we have been protesting against symptoms, Moshiri is the virus.
He has to be the focus.
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That's a worry then mate.
They wouldn't have operational control really mate, nor be able to leverage on the club.
Be like Robert Earl back in the day.
Shareholding can be weird though i think Bill held a majority with something just over 30% in the club - not far off anyway.
15th isnt it - i thought it was a curious date to pick at the time, i wondered about deadlines.
My worry is if this were to happen, and it's very possible....what happens when the sh@t hits the fan for 777 and they are outed globally as fraudsters?. Everton once more will be tied up in it all. Having them anywhere near us can only bring more strife to our doorstep in the future.
Tony’s Carp
Player Valuation: £40m
Not really though because nothing that comes out of his mouth can be trusted and he will break that promise without a moment’s thought.
He’s probably hoping to be gone by then so he doesn’t have to bother but if he’s still around I wouldn’t count on it taking place anyway.
Presuming they didnt have operational control. We'd just be an investment really, so if they were to say go to the wall or anything else, the shareholding would be sold off - unless the club was involved with something with them - which would be unlikely if we had a legitimate majority shareholder.
They could get a seat on the board or something.
Simon Buttle
Player Valuation: £50m
They only have a 15% stake in Sevilla as that all got a bit complex and broke down, no control or a say in anything, just a stake. Can see the same happening here tbh.
ForeverEverton
Player Valuation: £40m
Another hot off the press...
www.ft.com
Insurers sue rating agency over exposure to Everton bidder 777
A-Cap firms move to stop AM Best from downgrading its assessment of their financial strength
Court Papers:More litigation, 777 accused of fraud, lending against $350m assets that they didn`t own or didn`t exist....
Everton FC Buyer Accused of Fraud, Double-Pledging Assets in Lawsuit
Lenders to 777 Partners accused it of fraud, claiming that the Miami-based investment firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else.www.bloomberg.com
summerisle
The rain, it raineth every day
summerisle
The rain, it raineth every day
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