777 Partners / Whatever the hell you like

[Weebarra]

I find it extremely hard to believe 777 have access to the funds needed given they have twice tried and failed to raise smaller sums ($250m) in past 12 months. We need to stop trying to understand their motives and abilities through the lens of honest, competent businessmen when they are spivs trying to amass an asset base by sending a relatively small pot of money they have access to in circles around their various clubs keeping plates spinning long enough in the hope that lightning strikes and one or more of the clubs gains rather than loses value by performance on the pitch which then opens up new borrowing or sale routes to access more capital.

Spot on.

 

[Weebarra]

If the reports are true and it’s a full takeover the end of Moshiri / Usmanov is something good almost irrespective of who comes in.

Let’s be honest, a lot of people have looked the other way and there’s been no smoking gun, but their ownership arrangement is deeply shady at best and in the light of the sanctions if anything were proven we could literally just be shut down. It’s not even a chelsea situation where everything was out in the open- it’s what Moshiri and Usmanov are hiding that’s the scary part.

Getting those two gone is absolutely imperative.

I think is it the lesser of two evils.

 

[jinkyali]

My understanding is 777 have approached PIF to be an investor in the past to support their multi club model.

 

[Weebarra]

I'd stick with Moshiri until we're in the new stadium, as long as the finances were somehow found to jettison the stench of Kenwright and his cronies ASAP and put a competent board in place. If we're still somehow in the prem by then, I'd hope we were attractive to a more ambitious buyer who'd actually invest wisely.
Unfortunately, Mosh doesnt appear to have a pot to wee in to solve the Kenwright issue, or the stomach.

That would be the dream solution.

 

[BNJ1878]

Is the timing of this significant in any way?
Apparently the first auction closes at 3PM on 27 Sept.

Everton FC shares to be traded on new, transparent, online auction | TheBusinessDesk.com

First quarterly online auction closes on September 27

www.thebusinessdesk.com

Coincidental.

Blankstone were the only brokers approved by Everton for many years. They (Blankstone) eventually found the whole 'dealing with Everton' thing too clunky. (it needed a willing buyer, a willing seller, getting sign off on the trade from EFC before finally going to another company to do the actual transfer. Could take 6/8 weeks after a buyer and seller were matched.)

The Shareholders Association maintain a list of interested buyers, so anybody willing to sell could ask for the list and email the people on it. The problem was, since Blankstone stopped processing trades the clunky ballache fell on the seller. (HMRC, share registration etc)

I'm not sure if Blankstone are still involved with the new venture. If you have shares to sell (or are looking to buy from a known seller) you can contact Albert E Sharp and they'll handle the paperwork. You only need to involve Asset Match if you have nobody to buy off (or sell to) and once the 'Match' is made Albert E Sharp take over.

 

[Groucho]

The more I read about 777 the more I think the FA are right in being concerned about fit and proper ownership in this lots case!

That I agree with, however I’ll bet we’re the only club that ever gets a takeover held back.

 

[BNJ1878]

My understanding is 777 have approached PIF to be an investor in the past to support their multi club model.

I read that yesterday (or maybe early this morning) , I think it was more Staveleys company (PCP) who were talking to them.

Google 'Amanda Staveley 777' and it should come up.

 

[Portoman]

Everton’s proposed US takeover sparks concerns over ‘fit and proper’ owner rules

Farhad Moshiri in advanced negotiations with 777 Partners but there are doubts about private investment group’s suitability for ownership

www.telegraph.co.uk

 

[roydo]

I read that yesterday (or maybe early this morning) , I think it was more Staveleys company (PCP) who were talking to them.

Google 'Amanda Staveley 777' and it should come up.

The Liverpool Waters regeneration might appeal to them I guess.

 

[D410]

Everton’s proposed US takeover sparks concerns over ‘fit and proper’ owner rules

Farhad Moshiri in advanced negotiations with 777 Partners but there are doubts about private investment group’s suitability for ownership

www.telegraph.co.uk

Looks miles away

 

[Tony’s Carp]

Well waddya know

 

[allen]

Well waddya know

For anyone else who’s been struggling to find this on The Guardian, it’s at the bottom of this article:

Sheikh Jassim and Ratcliffe prepared to be patient to buy Manchester United

Sheikh Jassim bin Hamad al-Thani and Sir Jim Ratcliffe are each prepared to play the long game regarding their respective wish to buy Manchester United

www.theguardian.com

 

[Milk]

Only Mosh & Bill could enter in to negotiations with a buyer who’s essentially skint

Happy Days

 

[Wat Tyler]

So Esk was right. Bow down and apologise, Esk is ours

 

[Tony’s Carp]

Only Mosh & Bill could enter in to negotiations with a buyer who’s essentially skint

Happy Days

Surely not even the chuckle brothers in charge are naive enough to get to the final stages of a deal without checking whether the buyer had the dough. Suggests to me a lot of yesterdays reports were pretty wide of the mark and probably briefed strategically.