777 Partners / Whatever the hell you like

[BrendanGOT]

That Beachside fella on the People’s Forum still maintains (this afternoon) that it’s definitely off.

He's been wrong with a few things though mate. Said back in January I think that 777 was approved, also said we'd get the full 10 points back. But he does get other stuff right so we'll see.

 

[Neiler]

 

[Yorkiebars89]

He's been wrong with a few things though mate. Said back in January I think that 777 was approved, also said we'd get the full 10 points back. But he does get other stuff right so we'll see.

Think if they are to be kicked to the curb we are looking straight down the barrel of administration. Moshiri is done and dusted so no chance we don't get 9 points deducted and start our decline through the lower leagues

 

[BrendanGOT]

Think if they are to be kicked to the curb we are looking straight down the barrel of administration. Moshiri is done and dusted so no chance we don't get 9 points deducted and start our decline through the lower leagues

We don't know that. Moshiri has said he'd continue to fund us in that scenario. You're also ruling out any other potential buyers.

 

[RomanReigns]

777 will be in a shock when they realise Everton fc won’t be making a profit any time soon then

 

[Yorkiebars89]

We don't know that. Moshiri has said he'd continue to fund us in that scenario. You're also ruling out any other potential buyers.

Yeah maybe but surely there would of been leaks from places about them waiting in the background and also naming them. As with MSP and 777 they were both named as suitors around the same time as each other

 

[Goat]

777 will be in a shock when they realise Everton fc won’t be making a profit any time soon then

New PSR will eventually probably tie in with UEFAs FFP rules which means clubs can only spend 70% of their revenue on wages and transfers, which means every club in the league will be making 30% "profit" every year for their owners.

 

[BrendanGOT]

Yeah maybe but surely there would of been leaks from places about them waiting in the background and also naming them. As with MSP and 777 they were both named as suitors around the same time as each other

Just because it's not public knowledge doesn't mean it's not happening. And the media has actually speculated a few other potential buyers waiting in the wings

 

[Tony’s Carp]

Bloomberg with the late night bombshell:

 

[Tony’s Carp]

Bloomberg with the late night bombshell:

777 Partners LLC’s takeover of Everton FC has been conditionally approved by the English Premier League, according to people familiar with the situation.

The League wrote a letter last week saying that the board that has been reviewing the deal for several months “is currently minded” to approve it, subject to conditions. The board consists of League Chief Executive Officer Richard Masters, as well as Chair Alison Brittain and board member Mai Fyfield.

 

[pfim]

Approved with conditions…pop the champagne.

 

[Tony’s Carp]

777 Partners LLC’s takeover of Everton FC has been conditionally approved by the English Premier League, according to people familiar with the situation.

The League wrote a letter last week saying that the board that has been reviewing the deal for several months “is currently minded” to approve it, subject to conditions. The board consists of League Chief Executive Officer Richard Masters, as well as Chair Alison Brittain and board member Mai Fyfield.

The key question now I guess is what are the conditions and can / will 777 comply?

For example, if they haven't completely assured the PL of their funding, could the PL demand they deposit and ringfence enough working capital for a set period of time?

Obviously we don't know the conditions but IMO probably a good thing that the PL are setting them - either they can satisfy the conditions and that would be reassurance, or they cannot and then it is an easy "fail".

 

[Infernus]

 

[Quadvod]

777 Partners LLC’s takeover of Everton FC has been conditionally approved by the English Premier League, according to people familiar with the situation.

The League wrote a letter last week saying that the board that has been reviewing the deal for several months “is currently minded” to approve it, subject to conditions. The board consists of League Chief Executive Officer Richard Masters, as well as Chair Alison Brittain and board member Mai Fyfield.

God I hope not - will definitely end in tears this.

 

[Neiler]