27/02/2024 105comments  |  Jump to last

The Premier League will reportedly meet with members of 777 Partners as the Miami-based investment firm's attempted takeover of Everton drags towards the six-month mark.

As part of what is hoped will be the final stage of the vetting of 777's suitability to own and run the Club, Paul Joyce of The Times, says that in-person discussions will be held between the two parties which will give the League an opportunity to ask direct questions of the American company.

Under the auspices of its Owners' and Directors' Test, the League have already requested concrete details around the source of 777's funding and how it plans to continue funding Everton for the next three years as concerns mount over the company's finances, business practices and its running of other clubs in its stable of football clubs.

The report comes in the wake of suggestions that 777 Partners have grown frustrated with the length of time the Premier League is taking to reach a decision and a claim by Matt Hughes of the Daily Mail that the deadline for the transaction between 777 Partners and Farhad Moshiri written into the terms of the agreement of sale reached last September has expired.

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777 have provided Everton with as much as £190m in loans and optional loan provisions over the past few months in expectation of the takeover going through but continue to face a raft of legal and financial challenges in the United States and have reportedly expressed doubts they will be able to keep propping the club up beyond March if no decision on the takeover has been made by then.

The company's Bermuda-based reinsurance arm, 777 Re recently had its financial rating downgraded to Weak by AM Best and the Norwegian digitial investigative publication Josimar continue to report that 777 Partners are increasingly beholden to A-CAP to fund its football operations at high interest rates.

Furthermore, in a webinar this afternoon, A-CAP founder Kenneth King indicated that he would be reducing his firm's capital exposure to 777 Re to zero following the credit rating downgrade.

The hold-up in terms of their attempts to buy Everton appears to concern the lack of required audited accounts furnished to the Premier League by which they can assess 777's ability to not only fund the takeover but continue to operate the club.

Even if they pass the OaD Test and are given the green light by the Premier League, 777 still need to pass muster with an independent assessment panel before their takeover of Everton can be completed.

 

Reader Comments (105)

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Bobby Mallon
1 Posted 27/02/2024 at 19:56:53
Let's hope they get fucked off and a fat oil baron is waiting in the wings with Tim Cahill.
Brian Williams
2 Posted 27/02/2024 at 20:07:35
Amen to that
Brian Harrison
3 Posted 27/02/2024 at 20:18:40
The CEO of A-CAP, who have been the main funding arm in 777s takeover, have said in a webinar that their funding of 777 will be zero in the next 45 to 60 days due to 777 Re's downgrading.

So without the backing of A-CAP, I would imagine they will have to pull out of their possible takeover.

I just hope that the stories are correct and there is another buyer waiting in the wings; otherwise, a further points deduction will be the least of our worries.

Brent Stephens
4 Posted 27/02/2024 at 20:19:54
Brian #3 - implications for BMD?
Brian Harrison
5 Posted 27/02/2024 at 20:26:38
Brent,

I wish I knew. We have heard stories of new owners apparently waiting in the wings. Should 777 Partners pull out, then Moshiri has a massive problem: does he keep financing the club till a buyer is found?

When you add the money owed to Rights & Media Funding and MSP and now the money owed so far to 777 Partners, that's totalling somewhere in the region of £420M that the new owner would have to pay out. Then the cost of finishing the stadium.

Paul Hewitt
6 Posted 27/02/2024 at 20:50:05
Basically we are screwed.
Paul Birmingham
7 Posted 27/02/2024 at 21:08:01
It's another massive moment in this traumatic season in view of the ownership and future of Everton FC, coupled with the points deduction concluded and one more at least to come.

My hunch, not knowing only the bare bones via the media, is that this is a pivotal moment for Moshiri. How long will Moshiri hold out and is there any other genuine buyer out there? What's the next steps?

UTFTs!

Ben King
8 Posted 27/02/2024 at 21:18:57
If Amazon did a documentary on us, no one would believe it.

Our club lurches from one seismic issue to another. Being an Evertonian is a full-time stress job.

Kunal Desai
9 Posted 27/02/2024 at 21:22:13
Didn't want them shysters in the first instance. Good riddance.
Bobby Mallon
10 Posted 27/02/2024 at 21:48:29
Would any of you take Mike Ashley?
Andrew Bentley
11 Posted 27/02/2024 at 22:02:24
Bobby Mallon no. Asset stripper and someone who doesn't invest money. Why on earth would we want him?

As per the comments above, we need someone willing to clear debt and play a long game for a return on their investments. They would need to be prepared to invest across multiple years to get the playing staff and club at the top end of the table to make the investments worth it. They will need deep pockets……..

Mike Hayes
13 Posted 27/02/2024 at 22:23:14
Mike Ashley = Bullshit Bill = Mike Ashley 🤷
Kieran Kinsella
14 Posted 28/02/2024 at 03:42:27
I'm hoping beyond the obvious (where are your audited accounts) they ask why Standard Liege players have been paid late for 3 months running, and why they're shaking down Genoa fans for €5 million while refusing to pay taxes due to the Italian government?

These and other questions of course being administered while Josh Wander is encapsulated in a 12th-Century style Iron Maiden.

Laurie Hartley
15 Posted 28/02/2024 at 04:15:34
Paul # 7,

“Is there any other genuine buyer out there?”.

I would be surprised if there are not at least two. Potentially there is a huge prize to be won by anyone buying into Everton – if you have deep enough pockets.

It is no small matter that Bramley-Moore Dock has been chosen ahead of Anfield and Old Trafford for the 2028 Euros. Ratcliffe is already making noises about wanting a new stadium. Can't have those scousers having a better stadium than us!. Probably denting a few egos that…

The big sticking point of course is our Premier League status. It appears 777 Partners we're willing to take that risk. The question is, if they get knocked back by the Premier League and have to walk away, will one of the interested parties waiting in the wings, make Farhad Moshiri an offer he can't refuse (given his situation)?

Nasty business.

Steve Brown
16 Posted 28/02/2024 at 04:44:38
If we retain our Premier League status and complete the stadium, then we will be a more attractive proposition. Moshiri will need to accept a price that reflects the debts a new owner is taking on, but he has already such an arrangement with 777 Partners.

My guess is that potential investors are waiting until the end of the season to see how the land lies. Even if 777 takeover the club, I am not sure they will hold it for long before selling it. Private Equity usually works on a 5 year window to buy a company, add value, then sell it.

Given their liquidity problems, that window might be a lot smaller where Everton are concerned.

Steve Brown
17 Posted 28/02/2024 at 04:46:40
Kieran, I think the other clubs in the 777 portfolio are suffering due to the funding they are pumping into Everton.

A Premier League club is their golden ticket so we are the priority for them,

Jonathan Oppenheimer
18 Posted 28/02/2024 at 06:37:55
It's hard to see how anything good comes out of a 777 Partners takeover unless the alternative is administration.

Otherwise, I'm in the let's-find-an-oil-baron camp if need be. Or crowdfund a billion dollars. And really, is there not a single less sleazy but actual billionaire out there ready to scoop us up at the right price?

There is just so little hope that 777 Partners is the savior we need them to be, unless not having any real money means we can't blow it all til we get points deductions a la Moshiri.

Paul Hewitt
19 Posted 28/02/2024 at 06:48:35
The only reason we ain't already in administration is because 777 Partners have been paying the bills, it's clear Moshiri has given up.

Are they the perfect people to come in and run the club? We won't know till they get the chance.

And can we please stop this "mystery bidders round the corner" rubbish. There isn't any, never was, never will. It's Moshiri or 777, take your pick.

Steve Griffiths
20 Posted 28/02/2024 at 07:01:52
Paul 19, correct.

There are some people living in la-la land on here. Wake up! There are no secret bidders.

Colin Glassar
21 Posted 28/02/2024 at 07:12:19
Paul H, totally agree. For decades we deluded ourselves with talk of a billionaire, knight in shining armour coming to rescue us and what did we end up with? Don Quixote and his fat sidekick, Sancho Panza.

In our current state, and with all the financial restrictions like FFP, you'd have to be mad to invest in a club like Everton. Debt-ridden, piss-poor squad, average manager, useless academy, despised by the media etc…

I believe 777 Partners are asset strippers who want to get their grubby hands on the new stadium and use us for some pernicious reasons. If they mean what they say, then make them take a lie detector test. Otherwise, they can piss right off!!

Laurie Hartley
22 Posted 28/02/2024 at 07:24:53
Paul # 19 - “The only reason we ain't already in administration is because 777 have been paying the bills,”. I would agree with that.

As for there being no other potential buyers, pure speculation on my part that there are but, if 777 Partners do get knocked back, we will soon find out.

Colin – worst house in the street!

Christine Foster
23 Posted 28/02/2024 at 07:26:33
I think its quite poor we haven't heard from our owner on all the latest developments, either the appeal result or the status off 777 Partners.

It would be helpful if he could outline his stance to at least the purchase. (What is going to happen if the deal is not ratified by the Premier League?)

Will he walk away? Will he let us go into administration? Will he back us until another purchaser is found?

They are fair questions to ask...

Tony Abrahams
24 Posted 28/02/2024 at 07:48:56
It's very easy to see why Bill Kenwright lasted so long when you read some of the stuff on ToffeeWeb.

There are no mystery bidders, Everton Football Club are fuckin shite, so how anyone would want to purchase them, especially when you see the state of the poxy little stadium that is nearly complete on that shitty little River Mersey.

You get the club you deserve, they say, and that's why I have found myself having very little time for a lot of Evertonians during the most depressing era in our history.

Isn't it Ironic, how the greatest Evertonian managed to change the mindset of a very proud and very fierce fan base – but thank god not everyone was kidded by this imposter.

We would have been finished as a top club years ago if Bill Kenwright had gotten his way, so thank god for KEIOC, and light a candle and pray that 777 Partners are rejected, just like Tesco were all those years ago.

Pardon my French, Christine, but I'm sure it's already obvious that Moshiri doesn't give a flying fuck. These mysterious bidders might have already been rejected because of people who are no longer with us, a wise old fox who might have even been too conniving for an Oligarch.

Rob Jones
25 Posted 28/02/2024 at 07:58:02
If the media had any interest in doing their job, they'd be asking questions of why our owner has so completely evaporated.
Neil Lawson
26 Posted 28/02/2024 at 08:05:40
KEIOC?

Paul Smith
27 Posted 28/02/2024 at 08:09:07
Tony A,

Evertonians are famously negative, it's in our DNA. Of course there are other buyers but for less money than 777 Partners are willing to pay as our desperation peaks.

The biggest threat is the Premier League taking their time and the funding stream being switched off.

Mark Ryan
28 Posted 28/02/2024 at 08:15:06
I hope the Premier League fuck them off. They don't inspire me at all.

We deserve better. Thanks but no thanks.

Rob Halligan
29 Posted 28/02/2024 at 08:15:52
Tony, it beats me how some people post something as "Fact".

And can we please stop this "mystery bidders round the corner" rubbish. There isn't any, never was, never will. It's Moshiri or 777 Partners, take your pick, being a prime example.

How does the poster know there is no mystery bidders round the corner? Simple answer is: he doesn't, so why post something as fact?

I'm convinced there are plenty of people on this forum who want to see the club disappear into oblivion, just so they can say "See, I told you so!"

John Keating
30 Posted 28/02/2024 at 08:18:42
Tony, Spot on.

Root cause of our present situation was the day The World's Greatest Evertonian took over our club.

Even today, I get slagged off reminding some people of our campaign to get the teary one out, our meetings in the Casa etc. They still actually believe he saved the club and devoted his life to Everton and not his own pocket.

Still, we are where we are.

Those people who do not believe the Premier League management have an agenda against us — well, they're entitled to their opinion. The time taken for these shambolic “independent” commissions to come to decisions, the time taken to decide a decision on this takeover, was and is totally unacceptable. Every day is another nail in our coffin.

Let's just hope whoever finally gets our club are actual business people who not only run us as a business but balance it by adding decent people on the board, like Burnham and Carney.

Rob Halligan
31 Posted 28/02/2024 at 08:19:54
Neil # 26.

KEIOC is Keep Everton In Our City. A group that was set up when Kenwright wanted to locate the club into Kirkby, which is a borough in Knowsley, so not technically in the city of Liverpool.

Christine Foster
32 Posted 28/02/2024 at 08:22:04
Tony #24,

From my own perspective, I get exactly where you are coming from.

I have commented several times in the past months that I feel out of step with many on here, that my views are dismissed or ignored now… And that's sort of okay, I get it.

But as you say, reading many views which are so much at a tangent to my own, and others, I find myself shouting in the wind and feeling that somehow my reading of the situation we are in was wrong, that I wonder at how and why so many seem a bit alien to me.

I don't get it, Tony, I really don't. But I do know I am being more selective in putting my views, concerns or even memories out there. The greatest Evertonian's legacy is in tatters, as some of us always warned and feared.

Jerome Shields
33 Posted 28/02/2024 at 08:25:46
The takeover of Newcastle United by the Saudi Arabian-backed consortium involving the Public Investment Fund (PIF) took around 6 months to get cleared by the Premier League. So the timeline regarding the 777 Partners takeover is about right. But 777 Partners have had problems providing what the Premier League require and they have a lot of financial headlines that PIF did not have.

The face-to-face meeting with the Premier League could be nothing more than again trying to get the information they require. This could be the Premier League formalising the requirements they have not received and also seeking concrete assurances regarding 777 Partners' very published difficulties.

The Premier League is following a very necessary due diligence process, it is up to 777 Partners to comply with their requests. That is the only way that 777 Partners can bring the process to conclusion. Any time delays in the Premier League decision are clearly in 777 Partners' court.

Rob Jones
34 Posted 28/02/2024 at 08:33:18
Jerome, with the government now breathing down the Premier League's neck, and especially with the hornet's nest the league have stirred up with their recent actions, it doesn't surprise me that they're holding up 777's takeover as long as possible, all under the guise of protecting a member club.
Paul Hewitt
35 Posted 28/02/2024 at 08:34:05
Sorry, Tony, but I think you're being a bit harsh on some of your fellow Evertonians there. The way this club has been run the last few years is enough to make a saint swear.

Let's be honest, football isn't fun anymore, certainly not like when I first started watching as an 8-year-old in the '80s. The game's corrupt, the Premier League is corrupt.

In a few years, the European Super League will be here, the Sly 6 will be making millions while the rest are left to rot. You think TV companies will pay billions so we can watch Everton v Palace, or Forest v West Ham? Not a chance.

No, football is slowly dieing in this country. We just can't see it yet.

Danny O’Neill
36 Posted 28/02/2024 at 08:37:21
I've read through the posts. A naturally divisive subject.

I appreciate that 777 Partners are not everyone's choice, but we need something to happen, even if it's not them.

However, with the Premier League Animal Farm characters getting their snouts in the trough, I don't think this one will happen.

We are practically at war with the Paddington clique who bow to those they are star struck by.

Having given them a slap in the face, they will throw everything they can at us, although I notice the Department of Culture Media and Sport are getting involved.

I think their days of self-regulation are coming to an end. Independent commission my arse. Long needed change in the governance of football is coming in my opinion.

I don't think we are negative, Paul. Sometimes pessimistic and get frustrated at a poor performance. That's football. The "You're shite, Everton" bloke 5 minutes in!! That's not aimed at you, but we all sit or stand around them. You only have to be at the away matches to realise that.

Apologies, that is the only point I wanted to comment on. The 777 Partners debate is going to divide opinion.

Christine Foster
37 Posted 28/02/2024 at 08:43:35
Had the misfortune of listening to White and Jordan along with an FFP "expert' broadcast yesterday. Jordan roundly condemned Carney, Rotherham and Burnham as people who knew nothing about football, emotive rubbish for their own benefit.

They also said that our silk had all the mitigating factors thrown out and the rest was just emotive irrelevance which didn't matter a jot in the appeal. That Masters and the Premier League came out clean and vindicated, Masters in particular. Four KCs debating fact, not football.

It's no wonder so many are disenfranchised with the Premier League. Thanks, Bill, we owe you so much.

Tony Abrahams
38 Posted 28/02/2024 at 08:45:43
That is genuinely one of the best posts I've ever seen you write on these pages, Paul, and I'm honestly being serious mate.

We are Everton though, we have stood the test of time possibly more than any other football club in this country, so please don't underestimate The Toffees!

Neil Lawson
39 Posted 28/02/2024 at 08:54:27
Rob 31. Thanks.

Thought it was a question from the 1% Club.

David West
40 Posted 28/02/2024 at 08:57:52
I was positive about 777 Partners when they began to try and get control. Let's face it, Moshiri has set the bar so low, we as fans are looking for any chink of light.

The longer it's dragged on and the more negative stories we hear, it's just out of the frying pan and into the deep fat fryer.

Surely a credible new investor or owner would have all their ducks in a row prior to embarking on this investment to show clear vision and leadership. It's all a bit amateurish and not what you would expect from a top sports business brand, who will probably need more investment in the future, it doesn't project a professional approach.

I don't believe the Premier League has an agenda against us; Man Utd's deal went through because they have a professional investor, we have these 777 Partners who seem like chancers now.

If we were not in such a precarious financial position, I'd suggest they would have been chased away a while ago.

Simon Jones
41 Posted 28/02/2024 at 09:02:49
The difficulty fans have is they love their club and only want the best for it. If you were a potential buyer of a football club such as Everton and not a fan, surely you'd wait and see what the potential sanctions from the second charge would be.

Everton is potentially a much cheaper buy from The Championship, rather than the Premier League and possibly even cheaper if bought out of administration, hence that's why I don't think we will see much movement until after the season ends if the 777 deal falls through.

Of course, I'm only guessing like the rest of us.

Michael Lynch
42 Posted 28/02/2024 at 09:20:12
The Times are suggesting we might face a further PSR charge next season, and that a number of other clubs are going to have very little wiggle room in the summer transfer window to avoid the same fate.

The rules are utterly ridiculous, meaning that Man City, Liverpool and Man Utd can spend almost unlimited amounts of money on transfers and wages, while the majority of clubs have to sell their homegrown players in a futile vicious circle of doom, in which you need to buy players to stay in the Premier League but have to sell them to stay within the rules.

The utter incompetence of our club's leadership has led to us the brink of collapse as a club, but the Premier League are destroying the game.

Ian Wilkins
43 Posted 28/02/2024 at 09:57:40
Everton FC needs to move on from Moshiri. Moshiri wants and needs out and will sell to anybody, he certainly doesn't have Everton's best interests at heart.

Whether 777 Partners are the only interested party, I don't know, but they are currently Moshiri's best bet, and most advanced.

There is not a lot to inspire about them is there? Their portfolio of teams struggling; fines, legal cases, unpaid debts. It appears that their loans to Everton are from a third party at high interest rates. They appear cash-strapped with a precarious business model.

Are these the owners we really want?

Maybe we have no choice, they are the only show in town; certainly Moshiri is behaving that way. It doesn't feel like a good foundation for a happy successful marriage. I hope I am wrong.

Regards the second PSR charge, I think we will initially get another 6 points, but will appeal this principally around double jeopardy. No idea how this will play out.

I heard expert opinion saying double jeopardy is a strong argument; the converse saying it is no defence.

I note the appeals panel was comprised of a Judge and 2 KCs, same again, debating points of law, would probably help us.

Between PSR charges and takeover sagas, I wish it would all end and football would break out again….

Lester Yip
44 Posted 28/02/2024 at 10:05:14
With the stadium almost complete, and the shadow about FFP consequences almost clear, and if we successfully stay in the Premier League, I can only see upside.

Investors hate uncertainties and when that's clear, even scraps can be costed accurately and there will be buyers.

Again, what price will Moshiri accept? And what kind of buyer will that be?

Brian Harrison
45 Posted 28/02/2024 at 10:13:11
The question is: Can 777 Partners demonstrate to the Premier League that they have the funds to own and run a Premier League club?

Seems their main funding from A-CAP is stopping, and maybe they know that, unless they get this deal over the line in the next 45 to 60 days, their very existence must be in jeopardy.

Should they convince the Premier League that they do have the funds, I think they will be looking to pay down those loans to A-CAP by selling any saleable assets.

I am sure, if this was happening to any of the so-called big 6 clubs, the press would have been demanding meetings with both Moshiri and the owners of 777 Partners.

The other day on the main BBC News, they did an interview with Jim Ratcliffe who has only purchased 25% of Man Utd as to his plans for the future. Yet Everton, unlike any of the big 6, are actually founder members of the Football League and nobody from the press is remotely interested in trying to find out from our existing owner or potential new owners what's happening.

Dave Abrahams
46 Posted 28/02/2024 at 10:17:25
Are 777 Partners suitable to become owners of Everton?

Inspector Clouseau would have seen through these fuckin' chancers as soon as he saw them!!

Anthony Dove
47 Posted 28/02/2024 at 10:19:41
Moshiri is the frying pan and 777 Partners the fire.
Danny O’Neill
48 Posted 28/02/2024 at 10:26:21
Jerome @33,

Stop being so sensible!!!

We are all in the WW1 trenches wet, wounded and hurting. I know, I should wear a coat!!

We can't control this, I am just very suspicious about the Premier League and their motives. I have been since it's formation.

And just to be open, it doesn't excuse the way Everton have been mismanaged for decades. But it is a corrupt institution.

It's approaching 36 years Everton.

Norwich 0 Everton 1 — 4 May 1987

I was in the crowd but hardly recall most of the match. At 15 years old, a combination of not being able to see and I was celebrating throughout and all the way home on that long journey back.

If I could go back in time at my age now, I'd probably have been a nervous wreck!!

Some light entertainment and nostalgia.

Let's get to Saturday.

All the team and supporters can do is fight what is in front of them.

Eric Myles
49 Posted 28/02/2024 at 10:31:08
Andrew #11

"Asset stripper and someone who doesn't invest money. Why on earth would we want him?"

What if he said he was the World's Greatest Evertonian? His mug would get clapped on the big screen!

Tony Abrahams
50 Posted 28/02/2024 at 10:41:11
Thanks for that link, Danny, especially because I went a bit further back and watched Everton winning at Anfield when I was only about 3 months old.

I must have been a lucky child but I think it was more to do with every member of the Holy Trinity moving the ball across the pitch for Morrisey to cross for Big Joe Royle to score!

Big Joe, he knew how to win a Merseyside derby, and much more importantly, he knew how to get under a Liverpudlian's skin. Play them at their own game and this is where you will always find the chinks!

Barry Rathbone
51 Posted 28/02/2024 at 10:45:07
If 777 Partners get a face-to-face meeting, that will clinch the deal; people are never as obstructive face-to-face.

The suits overseeing the application will fold like a set of deck chairs amidst glad-handing and invites to Miami for free holidays.

Iain Crawford
52 Posted 28/02/2024 at 10:49:42
Still guessing, but it seems most likely that 777 Partners cannot provide audited accounts and that the Premier League has requested them. Just like when dealing with the Belgian authorities when buying Standard Liege.

Similarly, at the meeting, 777 Partners will seek to reassure the Premier League that they have the necessary financing by presenting other evidence that they will argue is satisfactory.

They've got an influential insider on their team in David Dein, to help their cause, maybe he even helped engineer the meeting to try to convince the Premier League?

Regardless, without audited accounts, I can't see how the Premier League can do meaningful due diligence for Everton and its fans. Judging by the plethora of negative reports about 777 Partners, they are the very last people that any regulatory panel should be trusting with any documentation other than the elusive audited accounts.

Without undertaking this proper due diligence, the Premier League would be taking a reckless and negligent risk.

Laurie Hartley
53 Posted 28/02/2024 at 10:52:33
Dave # 46 - at your succinct best there.
Oh for a bit of sin miedo.
Link
Cheered me up that.
Our day will come again.
Pat Kelly
54 Posted 28/02/2024 at 10:53:13
So many questions:

Will we face another deduction?
Would another 3-point deduction send us down given we can't seem to win a game?
Could Forest be taken down by the Premier League instead?
Will 777 Partners get the go-ahead?
Are they financially viable or even trustworthy?
Is our financial position recoverable without administration? Will Calvert-Lewin ever score again!

Don't know the answer to any of these but I think the odds are so stacked against us that we will end up in administration even if 777 Partners take over. The financial position is undoubtedly worse than we know.

Eugene Ruane
55 Posted 28/02/2024 at 11:26:49
What the fuck is wrong with me?

Every day I do the same (dumb!) thing and NEVER learn (ffs I'm 65 in July!)

Question I seriously need to ask myself - 'You would never DREAM of resting your plums on an anvil and smashing them with a lump hammer, so what makes you go each day to the Everton NewsNow trawl?'

There has to be some masochistic thing going on.

It's as if the site is being edited/compiled by some Marvel comic kopite baddie.

“Premier league chiefs to shite in Bovril served to Everton supporters.”

“Moshiri to make wanker gesture to Evertonians before home games. He will be mouthing ‘wankers' as he does it.”

“Blues to become ‘The Reds' if 777 take charge.”

“50 ft Barmby statue mooted for Bradley Moore.”

“New punishment for Toffees, further 10 point deduction and squad can only train with a Wembley Trophy 5 with a split in."

Just one day with "not much going on really" would be like winning the Chmapions League.

Andy Crooks
56 Posted 28/02/2024 at 11:41:39
Brilliant, Eugene!
David West
57 Posted 28/02/2024 at 11:47:58
Well Eugene.. you brought a smile to my face!!!
Keep it up !
Danny O’Neill
58 Posted 28/02/2024 at 11:54:02
Eugene, the bird is blue.

A bit of time on my hands so here's another link.

This might please the older generations, but fascinated me.

Tommy Lawton

Eugene Ruane
59 Posted 28/02/2024 at 12:07:09
Danny #58.

How did Lawton (or anyone in the Lawton family) watch the telly from that chair?

Rob Halligan
60 Posted 28/02/2024 at 12:23:11
That Horsham goalie looks very much like Mick Miller .

https://m.youtube.com/watch?v=0T72kcczxPM

Dave Abrahams
61 Posted 28/02/2024 at 12:31:45
Laurie (53),

All them goals, brilliant, and you could cheer straight away, no waiting for you know what!

Cheered me up as well, Laurie, we're still on for that pint in the Bramley Moore, I might even pay for it!!

Brian Harrison
62 Posted 28/02/2024 at 13:02:16
Danny @58,

Really nice piece on Tommy Lawton, funny to hear him say he got the tram from Dale Street to Goodison, and the tram driver told him you will never be as good as Dixie.

Maybe not many noticed but, being a golf nut, it was brilliant to hear the dulcet tones of Peter Allis doing the narration.

Nice to see Eugene back on these pages.

Andrew Clare
63 Posted 28/02/2024 at 13:06:17
Laurie #53,

That link reminded me of what very good team we had at that time. Lukaku was sensational then.

Look at us now – a prime example of what clueless owners can do to a big club.

Jamie Crowley
64 Posted 28/02/2024 at 13:21:44
Eugene,

Brilliant. Again.

This idea that no one else would want to buy Everton? I'm not so sure.

A Premier League club with a new stadium. If you had a couple of billion lying around, you buy the club, finance the debt or completely pay it off, and look to ensure a profitable team, year-in and year-out with the upside of selling Everton as an asset in 10 to 15 years time.

The Premier League is a good investment if you can ensure you don't flirt with relegation.

Therein lies the real issue, I'd think? Keep Everton up, the asset will appreciate and make you some dough. Plus it's the "shiny new car" thing for billionaires, or so I hear...

Mark Murphy
65 Posted 28/02/2024 at 13:24:42
Horsham goalie?? What Horsham goalie? Where??

Ahhhh just seen that! I live in Horsham!

Brian Williams
66 Posted 28/02/2024 at 13:28:08
Dave #61

Cheered me up as well Laurie, we're still on for that pint in the Bramley Moore, I might even pay for it!!

What The Fuck!!!!!!!

Brendan McLaughlin
68 Posted 28/02/2024 at 13:39:53
Have to think if the reports of this meeting are true that Premier League approval is imminent.

I really don't think there would be any point in a "face to face" if the differences between the two sides were significant.

Dave Abrahams
69 Posted 28/02/2024 at 13:41:45
Brian (66), Shurrup, Laurie is one of the few decent fella’s to come out of Birkenhead and we helped to build a ship together in Cammell Lairds many years ago. The Windsor Castle, different trades and we never met, nevertheless we were all comrades building that liner.
Bill Gall
70 Posted 28/02/2024 at 13:41:55
To me, the whole mess is definitely on the Premier League and whoever is supposed to run it. Backed by Sky Sports, it has allowed from Russian mobsters to Oil Barons and questionable country regimes to control who wins all the Ssilverware on offer, and leaving the same 4 or 5 clubs going up and down like a yo-yo to the Championship.

Realizing they have created a problem, they have now decided to bring in rules that strangle the clubs below the Top 6 and, trying to be impartial, mention that Man City are under scrutiny, and then decide to punish other clubs lower down.

This should have been sorted out years ago when Chelsea under new ownership suddenly began winning silverware regularly, and other regimes, seeing there was money to be made, started investing in other clubs.

It has now come to a point that other people have alluded to and football as we knew it is over.

There is more money to be made by viewing the game abroad with the average fan being a Top 6 viewer – outnumbering the amount of fans at the game by millions. This is controlled by Sky Sports that goes to the highest bidder and needs the Top 6 to increase their viewers.

Why has it taken the league so long to either say yes or no to the Everton takeover? Is it going to affect someway Sky Sports control over their media distribution? Or are they a front for someone else?

What is the difference from all the information that has been made available to them, that the same information has to be made in front of a committee?

The general feeling with supporters is that 777 Partners are not the ideal owners we would like as owners, but we would at least like to be treated the same as other clubs, and the behavior of the Premier League for some reason this last year deemed not to.

Sam Hoare
71 Posted 28/02/2024 at 13:42:56
Great to see Eugene Ruane back on these pages!

As for 777 Partners, I'm really not sure what to hope for. Clearly they aren't the fairytale package and have lot of bad press and question marks over them. But it's not clear what the alternatives are? Another buyer? Administration? Moshiri being forced to re-engage himself?

I know some people who have worked with 777 Partners and say they are competent people and not nearly as bad as some of the bad press makes out. But there's seldom smoke without fire.

Part of me wants the 777 Partners deal just to go through as if it does not then we will presumably have to wait another 6 months at least for an alternative buyer to surface and be greenlit by owners checks. The constant waiting and fretting about our unclear future is beginning to wear!

Ray Jacques
72 Posted 28/02/2024 at 13:47:12
I have missed the bold font of Eugene.

Great to know he is still about.

Paul Hewitt
73 Posted 28/02/2024 at 13:49:03
Brendan @68.

Apparently the Premier League have sent all the paperwork to the last stage of the process (not sure what it's called).

They just check all paperwork to see if it's all right. Once they say Yes, then the deal will be done.

Brian Wilkinson
74 Posted 28/02/2024 at 13:50:37
777 Partners give me sleepless nights, for once I hope the Premier League do us a favour and turn them down.

Think I would even take the guy in the bed sit in Manchester before these.

Bill might have left a big donation to Everton Football Club, watch out for the flying pig, or he may have left a donation to pay for the Bill Kenwright stand, with a bicycle shed erected on the Fans Plaza in his honour of Uncle Cyril.

He has done more damage to our club than Clive Thomas, Clattenberg and Collina put together, and yet some glorify the biggest bullshitter who has destroyed our football club.

We have to hope there is at least another interested party out there, especially with the ground being completed by December, they know they will get their money back, concerts at the ground etc, that is why 777 Partners want it, to make a quick buck then sell on for a huge profit.

If 777 do get it, do not be surprised if Calvert -Lewin goes to Standard Liege for £90 Million, making them revenue for Everton, and not worrying about their other clubs, if they fall foul, Everton Football Club is their biggest cash cow if they get it.

Just have to hope there are other investors out there waiting to see if 777 Partners get approved, before they make their move.

Brian Williams
75 Posted 28/02/2024 at 14:01:53
Dave#69.

Apologies. I just wish I'd heard you say those special words to me.

I might even pay for it!!

Sigh!

Danny O’Neill
76 Posted 28/02/2024 at 14:13:05
Dave, if you're paying for pints, a few will turn up!

See you soon.

Dave Abrahams
78 Posted 28/02/2024 at 14:54:55
Fair enough, anyone going to The Harlech on Saturday the ales on me.

I might be a bit late just get your drink and put it on my tab, I use the name Mark Murphy in there… if you're on shorts, make it a double.

Ray Roche
79 Posted 28/02/2024 at 14:56:45
You're a bad lad, Dave!!! ;-)
Brendan McLaughlin
80 Posted 28/02/2024 at 15:03:56
Didn't know that, Paul #73.

Very interesting if true.

Christy Ring
81 Posted 28/02/2024 at 15:21:04
The problem with our club is the man who bought it with other people's money put his own Corleone friends on the board, sold off everything, ran it into the ground, and thought he was bigger than the club.

He only sold it to anyone who let him stay on as chairman, and now we've hit rock bottom. Well done, Mr Chairman.

Jerome Shields
82 Posted 28/02/2024 at 15:24:16
Danny #48,

I am equally suspicious of the Premier League. Though I have put forward a responsible scenario that the Premier League may be involved in, I would not put it past them to wriggle out of their responsibilities given their past form and the flexibility they seem to have regarding their rules.

Their attitude to the government breathing down their neck, Rob #34, is to distance themselves as much as possible down the self-regulation trail.

Tony Abrahams
83 Posted 28/02/2024 at 15:24:26
Can you elaborate any more on this, Paul H?

You make it sound like it's a done deal which is extremely worrying if true.

Paul Hewitt
84 Posted 28/02/2024 at 15:39:22
Tony@83.

I'm not sure what the process is called but basically all the paperwork is sent to a department that checks that everything is okay and legal, I suppose.

Once they say everything is fine, then the Premier League will probably sign the deal off.

I'm sure someone on here knows what the process is called.

Ian Wilkins
85 Posted 28/02/2024 at 15:42:41
Tony @83,

I think the stages of approval were amended so that after Premier League approval final sign off is passed to an Independent Oversight Committee…

God knows who sits on that, we will probably get more points deducted...

Roger Helm
86 Posted 28/02/2024 at 15:44:24
That photo says a lot. Would you trust a man in a suit and a baseball cap?

But Moshiri doesn't care, he just wants out so that he can stop thinking about Everton.

Paul Hewitt
87 Posted 28/02/2024 at 15:48:49
I suppose the Premier League could still say No.

But with it getting to the final stage, I doubt it.

Christopher Timmins
88 Posted 28/02/2024 at 15:51:23
I was always told to never speak ill of the dead but there are times when…
Mike Gaynes
89 Posted 28/02/2024 at 16:33:33
The Premier League wouldn't be meeting with 777 Partners if there wasn't still a possibility of approving the deal.

And of course there are other bidders waiting in the wings. You never, ever hear of a top-level club in any sport going without eager buyers.

A damaged Premier League club with a brand new stadium at a bargain price is just too good a deal to pass up for anybody with billions in the bank and a yen to own a sports team.

Tech founders and private equity mavens fall all over each other trying to buy NBA and NFL teams when they come up for sale. Everton will be no different.

Brian Wilkinson
90 Posted 28/02/2024 at 16:34:57
Ten years ago:

Howard
Coleman Jagielka Stones Baines
Mirallas Barkley Barry Pienaar
Naismith Lukaku

Breaks your heart, that team we had.

Tony Abrahams
91 Posted 28/02/2024 at 16:37:14
With it getting to the final stages of what?

I'm hoping that it's getting to the final stages of 777 Partners not being able to show the necessary credentials because even the Premier League surely can't just let things keep dragging on.

If it's true that Iggoe sat on the commission that docked Everton 10 points after successfully defending West Ham from avoiding a points deduction, which would have seen them relegated all those years ago, Ian, then you might just be correct!

Kieran Kinsella
92 Posted 28/02/2024 at 17:03:07
How can the same Premier League who called out our dodgy finances overlook 777s? They're in the news every day!
Ray Said
93 Posted 28/02/2024 at 17:39:06
Good to see Eugene writing here again. He always makes his point and hammers it home with humour.

Hope we see John Daley back here soon too.

Michael Kenrick
94 Posted 28/02/2024 at 17:41:27
Bill @70,

I wonder where you got the idea that Sky Sports control overseas broadcasting of the Premier League, as I'm pretty sure that is not correct.

My understanding is that fuboTV has exclusive rights to broadcast Premier League matches in your country of Canada, and I assume they broadcast all matches, with pretty equal coverage of all teams – not just the Top 6 – as is the case with NBC, Peacock and the USA Network south of the border. Sky Sports has absolutely nothing to do with this.

In fact, it's the Premier League itself, through its subsidiary Premier League Productions (PLP), which is responsible for the centralized production of all Premier League matches from the UK. This includes setting up cameras at grounds, hiring and coordinating a pool of commentators, and producing the main live feed.

PLP then licenses the rights to broadcast these centrally produced matches to different broadcasters in different territories around the world — most of whom have nothing whatsoever to do with Sky Sports.

Dale Self
95 Posted 28/02/2024 at 19:33:43
Well played, Ray.
Christy Ring
96 Posted 28/02/2024 at 19:44:01
Brian #90,

I would take that team now, but you left out our midfield kingpin — James McCarthy!

Bobby Mallon
97 Posted 28/02/2024 at 20:16:32
I hate the picture of that smarmy looking git in his baseball cap
Bobby Mallon
98 Posted 28/02/2024 at 20:39:16
Let's look at it another way. Moshiri was supposed to be our saviour with loads of money. Look where that's got us.

Now 777 Partners, who seem to have little money and seem dodgier than a dodgem, are in the driving seat – maybe they are just what we need?

Laurie Hartley
99 Posted 28/02/2024 at 21:21:55
Brian # 75 - he called me a gentleman once.

Michael # 94 - Optus the big Singapore telecom company broadcast the premier league here in Australia under their Optus Sport banner.

They won the rights off Foxtel quite a few years ago. Here is a point of interest. I was paying $14.99 a month for my subscription. I could and can still watch every Premier League match recording – the full 90 minutes of each game.

However, last year the subscription was increased to $24.99 a month - a 66% increase. But, if you are an “eligible” Optus customer, $6.99 per month. A major incentive for people to sign up for their mobile and internet services.

They have the naming rights for the Perth stadium.

Optus Stadium

Kevin Edward
100 Posted 28/02/2024 at 21:53:35
It's interesting reading comments on the club's ownership.

Let's face it, we wouldn't give Moshiri a vote of confidence based on his track record, should he want to keep hold.

If it's possible that the Premier League can accept the assurances of 777 Partners via due diligence, then the deal will close, I assume shortly after this meeting.

Like many on here, I fear the 777 business model, and administration if it all goes tits up.

I'd just like to ‘fast forward' a year or two to find out whether it's worth giving a toss.

No doubt EFC will survive, but shining brightly in the new stadium at Bramley-Moore Dock or hanging by a thread?

I hope someone smart can take control of the finances, whoever the owner may be.

Neil Tyrrell
102 Posted 28/02/2024 at 22:05:18
Michael @ 94, can confirm from Toronto that Fubo is the Premier League rights holder in this fair land and shows every single match.
Bill Gall
103 Posted 29/02/2024 at 01:52:18
Thank you, Michael #94, for the correction.
Jerome Shields
104 Posted 29/02/2024 at 09:37:25
Apparently Moshiri and 777 Partners have extended the timeframe for a deal.
Jason Hewly
105 Posted 29/02/2024 at 20:24:25
Isn't there a trillionaire out there who wants a bit of footballing light relief in between chopping up journalists?

This lot look like a bunch of cowboys. I hope it doesn't get approved.

Brian Williams
106 Posted 29/02/2024 at 20:30:13
Tony#112.

Amen to that brother!

Danny Baily
107 Posted 29/02/2024 at 20:42:49
They seem willing, and will no doubt keep the club out of administration and see us into the new stadium, so part of me wants this to go through.

Kicking the financial can down the road, getting into the new stadium and clinging on in the Premier League is about the best outcome we can hope for.

Phillip Warrington
108 Posted 10/03/2024 at 01:49:50
Just a question for someone: Say the sale goes ahead, and they prioritize Everton as being the top club in their group.

Does that mean we could loan some of the best players from the other clubs, and say send some of our youngsters to Brazil on loan through inter-club ownership?

Pete Clarke
109 Posted 10/03/2024 at 04:23:20
Phil,

The Brazilian kids are so technically gifted that they would laugh at our laonees. Maybe we could loan some of their coaches to teach our first framers to pass and control a football?

This 777 Partners takeover is very likely to go ahead just based on their net worth alone. They are like a lot of other multi-national businesses that swing money from one sector to another with some parts prospering and others suffering.

Their main men are wise guys with enough smarts to deal with the Premier League but I do hope I'm proved wrong on this and we end up in the hands of a filthy rich owner — who has brains.


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