No mate .... 8 months of 777 telling us they where taking over when they probably weren't was Groundhog day.It’s bloody Groundhog Day
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No mate .... 8 months of 777 telling us they where taking over when they probably weren't was Groundhog day.It’s bloody Groundhog Day
Don’t get me wrong, I’d take MSP over 777…No mate .... 8 months of 777 telling us they where taking over when they probably weren't was Groundhog day.
It does make you laugh ha ....they've played the long game here and it looks like it's going to bare fruit...Having Bell and Downing involved with the whole thing makes me feel a whole lot better.Don’t get me wrong, I’d take MSP over 777…
But 8 months down the line, and after we’ve had Deloitte out there scoring the globe for buyers and… we’re potentially back to the guys who we started out with…
It opened for me, just basically saying MSP might look at buying us.Has anyone one got this without the pay wall?
Pretty sure they were in discussions with us last year when MSP were also in talksSays credible investors to work with MSP. They are investors in McLaren who are owned by Bahrain sovereign wealth fund![]()
Ta mate.It opened for me, just basically saying MSP might look at buying us.
777 are getting done for borrowing agaist assets they have already borrowed on.
The Big one? Not the crap one...….we’re even making the news on Sky this morning.
The Big one? Not the crap one...
No paywall for me here, maybe they have an article limit?Has anyone one got this without the pay wall?
MSP taking there 51% and then getting others in is now looking like the only way forward isn’t it? Unless a big Middle Eastern player enters the game.No paywall for me here, maybe they have an article limit?
Mods....feel free to delete if this isn't allowed.
Everton Bid Explored by US Investor MSP as 777 Offer Teeters
US investment firm MSP Sports Capital is exploring buying Everton FC as the current bid for the Premier League football club falters, according to a person familiar with the matter.
- McLaren F1 backer was in talks to invest in club last year
- 777 already asked for more time to complete lengthy takeover
MSP, which has lent money to fund the Liverpool-based club’s new stadium, is looking at its options, given the existing offer by rival firm 777 Partners is now under threat, the person said, asking not to be identified discussing confidential information.
MSP declined to comment, as did a spokesman for Farhad Moshiri, Everton’s majority shareholder, and a representative for 777.
Everton has held talks with restructuring advisers after 777 struggled to complete its takeover from Moshiri, Bloomberg reported last week. The Miami-based investor agreed to buy the football club last September, but talks have dragged on, and the firm recently asked for more time to complete the purchase.
777’s long-standing pursuit of Everton has hinged on repaying a £158 million ($198 million) loan to a group of investors led by MSP. The loan was due to be paid on April 15, but 777 gained a last-minute extension.
New York-based MSP considered investing in Everton last year, but talks collapsed without a deal. Its other investments include a stake in the McLaren Formula One team.
Read More: Everton FC Buyer Accused of Fraud, Double-Pledging Assets
Last week, lenders to 777 accused it of fraud, claiming that the firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else. Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund Plc filed a complaint in New York federal court, alleging that Josh Wander, co-founder of 777, double-pledged assets backing loans to the firm in a breach of agreements.
GDA Luma Capital, a private equity firm specializing in distressed debt, has held talks about offering debt financing to 777 to enable it to continue funding Everton’s new stadium and meet ongoing capital requirements, Bloomberg also reported last week.
777 hasn’t commented on the allegations.