End of Moshiri - Friedkin Purchase Falls Through
Re: 777 Partners Takeover
Killing my interest this and the points deduction nonsense, CBA even thinking about them until they're all sorted and these have fucked off
Re: 777 Partners Takeover
Just his opinion, but The Esk thinks the delay with the PL approving 777 is because they’re loathe to accept them as owners of Everton, but the alternative, given the lack of apparent willing buyers, would be administration for the club. Neither cowboy owners or administration are good for Everton or the PL brand.
Re: 777 Partners Takeover
So what's the middle ground?Granite wrote: ↑Wed Jan 24, 2024 1:05 pm Just his opinion, but The Esk thinks the delay with the PL approving 777 is because they’re loathe to accept them as owners of Everton, but the alternative, given the lack of apparent willing buyers, would be administration for the club. Neither cowboy owners or administration are good for Everton or the PL brand.
Doubt the PL will try and find one.
The only hope is, while it's not the best case scenario, that 777 get approved and they don't do THAT much damage and someone more appropriate buys us so they flip us for immediate profit for themselves when we are in the new stadium.
I worry how deep we are in with them now though.
What is it, £160M They have leant us? With eye-watering interest fees of 52.5%?
Anyone outside of them looking to buy us would be mad to take that on.
If 777 got us they would likely turn that into equity, but they would also very likely run us into the ground asset strip us to death, similar to what hicks and Gillette tried to do across the park.
One big gigantic shit show that I can't see a way out of, at least a positive one that is.
Re: 777 Partners Takeover
Whilst I'm not sure that's exactly what they are charging us in particular a tweet came out a few weeks back stating that's what it was for others, unless I read it wrong.
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UnsyisaRhino
- Posts: 120
- Karma: 59
Re: 777 Partners Takeover
Their whole business model is destined to end in disaster. They are using the money they have in ways that no other group that works the way they do, would ever use it. It's so high risk it's unreal. They have investors trying to pull money out because they're operating in such a mental way.
Re: 777 Partners Takeover
Out of interest have the Premier League ever actually denied someone via fit and proper persons, other than Newcastle who they subsequently passed anyway?
Re: 777 Partners Takeover
Think the “fit and proper” rule only came in after the Indian chicken farmer company bought Blackburn and caused a skip fire, don’t think anyone has been turned down since but yay ! We may be about to make history again !
Re: 777 Partners Takeover
Yeah I'd say given they've never turned anyone down it's highly unlikely they decide to do so this time unfortunately
- MayorFarnham
- Posts: 270
- Karma: 125
Re: 777 Partners Takeover
Venkys still own Blackburn and in all honesty Blackburn are in no worse a position now than they were before Jack Walker bought them all those years ago.
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Paddockoldie
- Posts: 545
- Karma: 210
Re: 777 Partners Takeover
They've never looked like coming back up though.MayorFarnham wrote: ↑Wed Jan 24, 2024 9:09 pm Venkys still own Blackburn and in all honesty Blackburn are in no worse a position now than they were before Jack Walker bought them all those years ago.