12/04/2024 83comments  |  Jump to last

777 Partners are reportedly locked in negotiations with another investment firm, Blue Owl Capital, over a £360m loan as the clock ticks towards a deadline by which they have to repay MSP Sports Capital.

As part of arrangement reached with MSP in December, 777 Partners have until Monday to repay all or most of the £158m that the former loaned to Everton last year to help fund part of the construction costs for the new stadium at Bramley-Moore Dock.

That stipulation is also one of the conditions that the Premier League has placed on approval of 777 Partners' takeover bid which has now dragged on for seven months, and there were reports earlier this week that the Miami-based private equity company had written to the League to request an extension to the date by which they must repay MSP until the end of May.

With no indication thus far that either MSP or the Premier League are willing to extend the timeline for repayment be completed, Bloomberg report that 777 are in talks with Blue Owl, who claim to have $165bn in assets under management, over a sizeable loan secured against the stadium.

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Those funds could , ordinarily, be used to make whole MSP Sports Capital, which includes Evertonian businessman Andy Bell and George Downing, place the required £60m into escrow and, potentially, complete the takeover once they have the green light from the League.

However, that would risk 777 going over the 65% borrowing limit imposed by the Premier League to prevent overly leveraged buyouts of member clubs.

777 co-founders Josh Wander and Steve Pasko have, in recent years, tapped funds from A-Cap, a financial services and insurance company based in New York, but the latter have begun to decouple from the former, starting with their exit from their relationship with subsidiary 777 Re.

In addition, regulators in the American states of Utah and South Carolina have urged A-Cap to reduce their exposure to the 777 Partners organisation as a whole, potentially ending that source of funds for Wander and Pasko.

The news of 777's talks with Blue Owl Capital come amid a report from The Guardian that Everton's huge loan from opaque off-shore lender Rights & Media Funding are costing the Club around £423,000 a week in interest payments.

It's a measure of how deep the Club's financial mess has become under majority shareholder Farhad Moshiri and the need for any new owner of the club to either consolidate or restructure the debt to reduce that burden of crippling interest payments.

Furthermore, figures for the sums paid to players' agents for the 12 months from February 2023 to 2024 have been published, with Everton ranked 16th out of 20 clubs in that respect having paid £10.6m compared to the £75.1m shelled out by big-spending Chelsea.


Reader Comments (83)

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Dennis Stevens
1 Posted 12/04/2024 at 18:01:18
End game?
Jay Harris
2 Posted 12/04/2024 at 18:02:32
Lyndon, correct me if I'm wrong but I don't see how they can raise a charge against the stadium as they don't actually own the stadium.

Surely the Stadium holding company wholly owned by the club, ie, Moshiri is the only entity that can do the borrowing and put a charge on the stadium.

Joe McMahon
3 Posted 12/04/2024 at 18:10:46
An absolute Shit Show, this is disgraceful.

Once again, thanks to Bill "I've found you a Billionaire like I said I would" Kenwright.

What would Everton do?

Lyndon Lloyd
4 Posted 12/04/2024 at 18:11:11
Jay, I imagine it would all be conditional on the takeover going through. So 777 would have to repay Blue Owl pretty quickly if they don't get approval.

Or Blue Owl would only front them the cash once approval was granted.

Jay Evans
5 Posted 12/04/2024 at 18:29:27
I'm lost.

I'm fed up with the whole thing.

I'm tired.

Help us, Obi Wan Kenobi, you're our only hope.


David Vaughan
6 Posted 12/04/2024 at 18:34:24
How much more desperate does this have to get before either (a) a white knight rides into view, or (b) we fold?

Personally, I prefer the latter, a clean-slate phoenix club, starting life in the umpteenth tier of English football (football - remember when that's all supporting Everton involved?).

Better than any asset-stripping wrecking ball attempting to swing its way into the club for seemingly its own fiduciary relief.

Dan Nulty
7 Posted 12/04/2024 at 18:36:48
I'm starting to think that it was the stress of all this and his embarrassment that led to Bill passing away. I know he was terribly ill anyway but I think there was no way his ego could have stood up to the inquest that will happen when the shit really does hit the fan and we hit administration.

I can't believe there wasn't a properly funded interested party ahead of 777 Partners. Perhaps those with the funds were too nervous about the relegation threat to take a chance.

Dale Self
8 Posted 12/04/2024 at 18:38:43
A telling photo, dude is a total creep who always knows if there is a camera around.
Graham Fylde
9 Posted 12/04/2024 at 18:46:18
End game indeed, Dennis.

777, MSP and R&MF are all on the line for a potential catastrophe if we go into administration and I don't believe their respective security is worth the paper it's written on.

R&MF has secured its debt against most of our assets - what assets? We don't have anything worth anything like they are owed. MSP is secured against the stadium. EFC in administration means they are secured against a half-built stadium with no principal tenant. And I don't think the 777 debt is secured against anything.

If 777 Partners fail to get another loan from Blue Owl and meet the Premier League's criteria, we can only hope that MSP takes those shares, arranges a deal with the other creditors, and sorts us out over the coming seasons. All that without Premier League status being assured – it's a big ask!

Brent Stephens
10 Posted 12/04/2024 at 18:54:44
Another player in the game. Blue Owl! What a hoot.
Kunal Desai
11 Posted 12/04/2024 at 18:56:28
2004 and 2008, Kenwright blew both those chances to make Everton great again.

He'll forever be remembered as a gobshite kopite in my eyes.

Barry Rathbone
12 Posted 12/04/2024 at 19:03:46
Brent 10

I like your style

Christy Ring
13 Posted 12/04/2024 at 19:23:20
When you have potential new owners looking for a loan to buy the club, it's a total disaster.

Nothing has changed since Kenwright had to get a loan off Paul Gregg to buy the club, and that's who has us where we are today.

Ian Horan
14 Posted 12/04/2024 at 19:41:53
Blue Owl should be a none starter as Usmanov has links to them.

Moshiri should threaten administration, we are right Royaly shafted with these loans and high interest rates.

Call their bluff: “I am about to go bust so you need to reduce the interest rates! Or you will only get 1p in the £ of what we owe you once in administration!”

That would also mean MSP, 777 and RM all have a decision to make. Any future penalty on PSR falls away too.

It's the only chance we have of getting to a level playing field. The administrator decides who actually gets paid then. UTFT not to 777 Partners.

Neil Lawson
15 Posted 12/04/2024 at 19:43:09
With this pyramid of loans required to acquire/keep us going, I assume we will no longer be "the Toffees", more likely "the Sharks".
Sean Mitchell
16 Posted 12/04/2024 at 19:53:48
Loan FC
Mark Ryan
17 Posted 12/04/2024 at 20:04:19
Potential owners want a loan to buy us!! For fuck's sake!

It's like me going to the bank as a 19-year-old to buy a Ford Capri 2.8 worth £2,000 at the time. I think I paid back £3,000 to own a bucket of rust.

They clearly cannot afford to buy us but like me thought it was a fanny magnet and had to have it, at any cost. Fucking chancers who know we are a sleeping giant.

Not if they buy us we won't be. We'll be a big fat dead one with no pot to piss in. We need a knight to come over the hill with billions falling out of his pockets. I'm with Jay, I've had a gut full.

Jamie Crowley
18 Posted 12/04/2024 at 20:07:56
Ian @14,

Correct me if I'm wrong, but if the deadline date of the repayment to MSP is Monday, Moshri can't threaten a damn thing after then! The majority share of the Club will be MSP at 51%.

The above is our best chance to right this very sinking ship.

Matt Byrne
19 Posted 12/04/2024 at 20:12:58
£425k a week just in interest to shadowy Rights & Media Funding. It must be a £1M or £2M a week in interest to the various lenders combined.

To think we could have had the 55k Kings Dock built for us using goverment money prior to the Capital of Culture. Cheers, Bill.

Moshiri, can he really be an accountant? Incredible irony. Why didn't we just borrow the money off Liverpool Council like they offered? Surely that would have been a better option than pay day loans from shady loan sharks.

What a total mess. Is there a chance here we end up like Rangers?

Philip Bunting
20 Posted 12/04/2024 at 20:19:11
Can Moshiri simply not take the club For Sale sign down and man up, for fuck's sake? He is worth £2B — not small change...

Best thing would be for him to renegotiate those loan interest payments and hang in there for another 5 years until that stadium is finished and bringing in revenue... Then we might have a future... so long as he leaves Thelwell to run the football side sensibly.

John Raftery
21 Posted 12/04/2024 at 21:15:50
Jamie (18),

Only if MSP decide to exercise their option of converting the loan into the shares.

Graham Fylde
22 Posted 12/04/2024 at 21:30:20
That's right John (21) but, at the stage they have the option, 777 would have failed and I don't see any obvious alternative for MSP, do you?
Les Moorcroft
23 Posted 12/04/2024 at 21:37:28
So it would be good news if MSP took control. Then they could put us for sale to anyone.
Simon Harrison
24 Posted 12/04/2024 at 21:39:48
Lyndon [4] I hope that you and yours are healthy and happy mon ami?

All this talk about Blue Owl Holdings stepping in shows that 777 Partners can not raise the capital required to buy the club via the Premier League deadline conditions.

As far as I have read, the Blue Owl funding deal will only commence with the successful purchase of the club by 777 Partners themselves.

If 777 Partners approach Blue Owl Holdings for additional 'equity' to payoff of the £158m owed to MSP/BC, and additionally to place the required £60m in an escrow (which will only pay for the operating costs till the end of June according to Paul the Esk Quinn), then the fact that they have borrowed this £218m places them over the Premier League's 65% threshold limit for a leveraged buy-out; bearing in mind that they would also have to pay Moshiri his £64m, though I'm sure he'd settle for a deferred payment currently.

Let's just remind everyone of what 777 Partners have to do as reported by Josimar; the headline conditions are as follows:

(i) Conversion of working capital loans by 777 Partners totalling currently circa £200 million into equity;

(ii) Funds into an escrow account to keep the club going for the rest of the season, (circa £60 million);

(iii) Proof of funding to complete the new stadium, and repayment of MSP's £158 million stadium loan by mid-April; (My insert, 15 April deadline, ie, Monday);

(iv) Payment to Moshiri: £64 million up front, rising potentially as high as £130 million if a series of milestones are met.

From Paul the Esk's website:

"That's a total of more than £430 million required in cash.

In addition there's the c £200million of working capital loans to be converted into equity. Ordinarily that would not require fresh cash. However, it is understood that the funding of these working capital loans were through borrowings incurred by 777 Partners and associated companies.

As a result, these loans incur onerous interest costs. Given the cash constraints of their businesses, the capital injection required (as described), is it sensible to assume 777 Partners can convert loans to equity without repaying the underlying loan, when those loans themselves carry very high interest costs to the 777 Partners?"

Realistically, the 777 deal is dead in the water, unless they capitalise via their own assets, which they seem unwilling or unable to do, as seeking external capital would surely be on a loan basis, which aggravates the aforementioned Premier League leveraged buy-out rule.

Myself and several posters discussed all this on Paul the Esk's thread you posted up here a little while back, but which got buried to all the news breaking about the club at that time.

Moshiri is about to lose control of Everton – the question is to whom?

As a disclaimer, the Blue Owl Holding deal was done back in late February or early March allegedly (or as posted online) and also the 777 Group's football club Tifosy Capital 'Operation Echo' fund, also has monies available to 777 Partners, but it is strictly stipulated that that fund can only be accessed by 777 Partners for Everton after 777 have completed the takeover (if they ever do).

From reading what the 'Citizen of Surburbia' (CoS) posted up, there is not going to be a quick and or easy solution to our problems.

Even though, as the CoS posted earlier this month, Everton are certainly distressed currently, but with the saving grace that they are still a 'going concern' due to their owned assets (we have about £334m in assets offset against debt, according to the CoS's own figures), but with the caveat that Everton retain their Premier League status.

If the club get relegated, we'll be certain to go into administration, with a very small chance of insolvency, just due to the attraction of a club like Everton being available for a relative pittance.

As your colleague Michael is so fond of saying during these troubled times, it's let's wait and see.

We should all have a 'clearer' (though not a perfectly clear) picture of where we are by the end of April. That also includes where we are in the table and our points total.

Good wishes.

Brian Wilkinson
25 Posted 12/04/2024 at 22:33:55
Sounds like the tramp scene from A Clockwork Orange, "Can you spare me some cutter (change), me brother?"

I wonder if Josh Wander goes to his lenders with that cap in his hand?

I know some are saying go into administration to wipe the slate clean, but that then gives us a further 9-point deduction.

If there is no knight in shinning armour, maybe that is the better option, press the reset button, rather than let these chancers take over.

We are that bloody much in a mess, even Morrissey has swerved clear of writing a song about us — can it get any worse?

I just want to wake up one day to good news for once, someone offer me some deliverance, no not the squeal like a pig, someone somewhere offer a light at the end of the tunnel.


Jerome Shields
26 Posted 12/04/2024 at 23:27:25
I just wonder about a potential new owner seeking a loan over a weekend for a Monday payment deadline day. Everyone wondering the same. Is this similar to junk bonds?

Sky will have an Everton Loan Deadline Day hosted by Jimmy White on Monday!

Ben King
27 Posted 13/04/2024 at 01:51:46
I'm resigning myself to relegation and administration.

Just get the fucking thing done and spare us all the heartache.

John Zapa
28 Posted 13/04/2024 at 05:53:39
If 777 do complete the purchase of the club via a Blue Owls loan, I fully expect this to be the final nail in the coffin. The club is already on track to having to pay around £50M per year in interest costs alone at the moment. It's impossible to pay this back with the club's current turnover level of around £180M.

The new stadium is the biggest folly of all Moshiri's idiotic acts. It never made financial sense when it was initially supposed to cost £500M. At the current £800M it's projected to cost, it will financially cripple the club and choke it to death over the coming year or two.

Paul Hewitt
30 Posted 13/04/2024 at 07:48:16
The new stadium will be the death of this football club. We probably won't even get to play in it.
Danny O’Neill
31 Posted 13/04/2024 at 07:53:58
That's the spirit, Paul!

Let's get this season done and the takeover done, whatever flavour we agree or disagree with.

The stadium is a long overdue long-term investment that lays the foundations for the future.

Staying at Goodison will more so be the death of this football club as we know it.

Paul Hewitt
32 Posted 13/04/2024 at 08:22:45
Sorry, Danny, but I can't see any positives at the moment.

Football used to be fun. All you had to worry about was the result on the day. It's all gone mental now.

Danny O’Neill
33 Posted 13/04/2024 at 08:33:19
Don't apologise Paul.

Let's worry about the result on Monday and hope a few results go our way this weekend.

But ultimately we have to control our own destiny on the pitch.

Then onto Stamford Bridge and get a result.

Duncan McDine
34 Posted 13/04/2024 at 08:35:30
Blue Owl are turning heads, but any twit-who wants to loan Everton money should be tweeted with caution.

There have been several hints that the sanctioned Uzbek is behind these bail out loans. Conspiracy theory, or could there be some truth to the rumours?

Jerome Shields
35 Posted 13/04/2024 at 08:39:44
'Blue Owl Capital is an alternative asset management firm headquartered in the United States. It was formed in 2021 through the merger of Owl Rock Capital and Dyal Capital Partners, two established firms in the alternative investment space. Blue Owl Capital focuses on providing capital solutions to middle-market companies and managing investments for institutional and individual investors. Additionally, the firm is known for its expertise in credit and direct lending strategies.'


Paul Birmingham
36 Posted 13/04/2024 at 08:44:48
Spot on Danny.

The Grand National will provide for those who like a bet, on the horses, a bit of fun.

I'm going for Late Night Pass, e/w and I am Maximus, on the head.

Less runners than previous years and from studying this morning, I think its wide open.

But the most important matter is Monday night at Stamford Bridge.

Everton if they believe, can beat Chelsea.
I hope they don't give Cole Palmer, too much respect.
Focus on the Everton squad, todo their jobs and keep shape and take their chances.

But as we know it's not that simple.

But, UTFTs!

Viva Santo Domingo!
Viva Everton!

Danny O’Neill
37 Posted 13/04/2024 at 08:48:09
I've given up thinking who will take over Everton.

Someone will eventually.

Blue Owl has a nice ring to it. Obviously the Blue in the title and the Owl is a bird renowned for it's wisdom.

Paul, don't forget the new one, which I think may catch on.

Bella Ciao!

Jerome Shields
38 Posted 13/04/2024 at 08:54:47
It is not the Stadium development that is the problem. It is a badly run Everton FC over this pass 30 years that is the problem.
Jonathan Tasker
39 Posted 13/04/2024 at 09:04:28
Even from the grave, you have to have it to Kenwright. He wanted to kill Everton and that's the way it's heading.

I have held two consistent positions on here.

1. Kenwright is the worst thing in the history of the club.
2. There's no new ground.

Derek Knox
41 Posted 13/04/2024 at 11:35:37
777 must be friends of Tonto, they've had the begging bowl out more times than The Loan Arranger! :-)

As I have said all along, I don't want these to be involved at all in any capacity, although initially I did say, "I would welcome anyone to get rid of Moshiri."

Len Hawkins
42 Posted 13/04/2024 at 12:08:41
The only Accounting Moshiri is good at is Accounting for the demise of a British Football Icon the one that Kenwright brought to it's knees and brought in an absolute buffoon to finish the job off.

I am sick to death of all the "experts" chipping in with their take on the state of the club and that Cabbage Patch kid from Luton some leader he is playing on an allotment.

From Kings Dock to Bramley Moore Dock to London Bankruptcy Court Dock that is Kenwrights Legacy.

Sean Mitchell
43 Posted 13/04/2024 at 13:04:10
Everton could be the next Rangers. Except probably won't challenge in the top league for years (unless proper people come in).

I prefer watching the A League now. No corruption, no pansy cheats and entertaining.
Hate the prem and care only about Everton.


Garry Martin
44 Posted 13/04/2024 at 13:41:44
New grounds have, in the past, sent many a famous teams down leagues and financial ruin. We have the added demise of being run by a bunch of idiots, who, could'nt "organise a pi_s up in a brewery".

Our dire situation go'es from bad to worse and, i'm begining to think that we should just get relegated and put us all out of our misery.

Ernie Baywood
45 Posted 13/04/2024 at 13:53:11
Brian 25 - if we're comparing this to movies then it feels more like Goodfellas when they bought into the restaurant.

They stole, they sold whatever they could… and then, when it couldn't operate any more, they burned it to the ground.

Mark Ryan
46 Posted 13/04/2024 at 13:57:13
I cannot fathom why Moshiri doesn't stay and simply go "You know what, I'll fund this."

He's worth a lot more than the Stadium and Club put together isn't he? Just put your back into it, Farhad… or does he hate us?

Paul Hewitt
47 Posted 13/04/2024 at 14:06:42
Mark @46.

I doubt Moshiri has put any money into Everton, it's more likely his mate Usmanov has. Usmanov probably now thinks he's not putting another penny into the club.

If he gets nothing back on his investment, it's been an expensive mistake. But being with £14B, he will survive.

Jerome Shields
48 Posted 13/04/2024 at 15:05:24
James @59,

Thanks for that insight. It sounds a reasonable explanation of what happened to the MSP Sports Capital deal. My reading in the context of the present situation is that MSP Sports Capital, having security of 51% of the shares, did not want more shares.

But I don't know how this would work in with the payment to R&MF. It is more likely that MSP Sports Capital will push for a creditors agreement in the current situation rather than take over control of the shareholding.

The other question is, if 777 Partners did fund the monies to R&MF, did this increase the claim on Everton shares for 777 Partners? The agreement with Moshiri, in such circumstances, could give 777 Partners a majority shareholding in Everton, with the problem of not being fit to fulfil the Premier League's ownership conditions.

Ed Prytherch
49 Posted 13/04/2024 at 17:08:17
777 Partners are so highly leveraged that they may be in as much danger of administration as EFC.

Who in their right mind would lend 777 Partners any more money?

Dale Self
50 Posted 13/04/2024 at 17:23:58
The Wanderer is so leveraged Tonto and the Loan Arranger could not save them. Toilette and Douche would not do their books.
Andy Meighan
51 Posted 13/04/2024 at 21:15:02
Jonathan @39.

What's that big thing facing the Bramley Moore pub then?

Looks a lot like a new ground to me.

David West
52 Posted 13/04/2024 at 21:48:15
I mean, we probably need a billion to get straight again and these are struggling to find £158M!!!

All my positivity I had for 777 Partners has been sucked away by their unprofessional approach, poor communication, and terrible management of this takeover.

I mean, Moshiri has been terrible, the worst ever, but these are not even in control yet and they are fighting fires, fighting media negativity, fighting court cases left right and centre, don't even seem to have the finance in place.


Neil Copeland
53 Posted 13/04/2024 at 22:14:21
Andy #51, it’s a mirage
Paul Birmingham
54 Posted 13/04/2024 at 22:43:26
Danny, nice one, Arriverdercci 777, soon!

Bella. Bella!

Darryl Ritchie
55 Posted 14/04/2024 at 01:29:21
So…Yea or nay, we find out Monday…maybe.

Then what?

What a soap opera!

Derek Knox
56 Posted 14/04/2024 at 08:13:44
Call me old fashioned, well at 73 I suppose I am, and the modern world astounds me at times.

Considering we are talking about a multi-million, possible take-over (hope not by 777 Partners), these two main protagonists always turn up wearing Baseball Caps. I'm sorry but that just smacks of disrespect and un-professionalism to me, am I that much out of touch, or is this normal?

Peter Moore
57 Posted 14/04/2024 at 09:42:24
I concur, Del, far too dodgy to uphold the proud heritage of EFC.

To think, we moved from Anfield in part due to not wanting to be associated with immoral money from alcohol production, a scourge of society at the time.

Now 777 Partners with their even darker links:

Everton new owners accused of kidnapping and extortion, founder a drug trafficking convict — Tribuna, 15 September 2023

Jay Evans
58 Posted 14/04/2024 at 09:47:30
Derek – hear, hear, mate. I couldn't agree with you more.

I've seen better-dressed wounds.

Barry Cowling
59 Posted 14/04/2024 at 10:27:08
Robbing Peter to pay Paul, that's very much the Everton theme these days…
Paul Hewitt
60 Posted 14/04/2024 at 11:03:19
Well today is the 14th. So don't 777 need to pay up, or go away?
Derek Knox
61 Posted 14/04/2024 at 11:33:46
Peter M, thanks for that link, and equally thanks to Lyndon for highlighting/underlining it.

Probably most people on TW have been sceptical and untrustworthy of these to start with, that link confirms what most have suspected.

Just hope and pray there is some light at the end of a very long tunnel – one the magnificent supporters, have had no part in, and definitely don't deserve!

John Hall
62 Posted 14/04/2024 at 11:43:52
Derek @56

Discussing the EFC situation yesterday with a mate who lives in Australia and he said to me "What type of businessman wears a baseball cap with a jacket and tie?"

Deadline passes tomorrow so hope they get booted into touch. Requesting an extension further shows that they are a bunch of no hopers and conmen.

We are deeply in the shit so would rather we go into administration and hold out for someone to come in with the club's best interest at heart. Start again from scratch.

Moshiri doesn't care about the club in any shape or form and seemingly just wants to get anything he can for the Oligarch.

Peter Hodgson
63 Posted 14/04/2024 at 12:27:00
I'm surprised that anyone is taking what is said in Tribuna linked at post 57 seriously! That coupled with the dross that Josimar regularly churns out makes a mockery of the word 'news'. We have, with those two, a competitor for any of our own Red Tops who, I had thought previously, couldn't be beaten for trash. I was wrong.

I am no great fan of Moshiri, 777 Partners or the Premier League but they are paragons of virtue compared with some of the media. It is imperative to be very, very selective who you believe when it comes to the media, and to be honest they all stretch the imagination at times.

Jerome Shields
64 Posted 15/04/2024 at 08:33:30
Peter #63

That article is old news rehashed with a click bait headline.

Bobby Mallon
65 Posted 15/04/2024 at 09:21:37
Well, Monday is here…

What is happening?

Tony Abrahams
66 Posted 15/04/2024 at 13:35:12
Everyone is waiting to see what is going to happen, Bobby.

It's murkier than the Mersey, incredibly murky, as we wait to see if MSP are to be repaid their loan today.

Some of the stuff I've just been getting told is horrible, but behind the scenes at Everton has been horrible since the saviour remortgaged his house.

Ed Prytherch
67 Posted 15/04/2024 at 14:29:07
Derek #56,

If you lived in a place that more often than not has bright sunshine, then you might wear a baseball cap. I cannot imagine that they sell well in Lancashire.

Christopher Timmins
68 Posted 15/04/2024 at 14:29:55
Tony A,

MSP will do what's in the best interest of their members — the best interests of Everton FC or 777 Partners will not appear on their radar.

Jonathan Tasker
69 Posted 15/04/2024 at 15:32:41
Kenwright killing Everton from beyond the grave
You couldn’t make this crap up
Michael Bennet
70 Posted 15/04/2024 at 17:52:57
Can somebody explain to me who and what is MSP and why did they lend us money?
Bobby Mallon
71 Posted 15/04/2024 at 18:32:09
Can anyone buy Everton?
Peter Moore
72 Posted 15/04/2024 at 18:56:16
I was listening to TalkShite while driving earlier, Simon Jordan and Jim White.

Mr Jordan highlighted that clubs usually get takeovers when the selling club is financially distressed. He highlighted the rebirth of Aston Villa as a force in the upper reaches of the Premier League. It was only a handful of seasons ago they were in the Championship, of course.

Hopefully there is indeed a suitable custodian lurking, ready to pounce soon, who leaps into action sooner than later.
If debts can be written off through administration, though, I fear that will occur before we are saved, due to the magnitude of the debt. UTFT.

Colin Glassar
73 Posted 15/04/2024 at 19:02:48
He’s like something out of a Stephen King novel, Jonathan 69
Mike Galley
74 Posted 15/04/2024 at 21:13:15
Did I hear sky sports news earlier, say we might be going into administration tomorrow?
Did anyone else catch this?
Christ, this season is getting better and better.
Peter Hodgson
75 Posted 16/04/2024 at 16:19:40
Mike @ 69

I haven't had SS News on today but it wouldn't surprise me at all. In fact it might not be a bad idea having regard to the mess we are in BUT who is going to do it. I doubt if Moshiri would instigate such a move unless someone in the background told him to.

Peter Hodgson
76 Posted 16/04/2024 at 16:39:47
Sorry I meant to say Mike @ 74
Ed Prytherch
77 Posted 16/04/2024 at 17:14:19
it only requires one of our big creditors to recall the loan to force EFC into administration.
Sean Bennett
78 Posted 17/04/2024 at 06:11:56
What I can't get my head around with this MSP loan is why Moshiri is not being held accountable for that loan? He is the majority shareholder at the moment; he should be funding the club's running costs and stadium fees until he sells up.

Another thing I find alarming is, since USM being stripped from the club, why haven't we heard any news on naming rights? The new stadium at Bramley-Moore Dock is situated on the Mersey – surely this would be an appealing location to potential naming rights partners?

Surely we could raise some of the funding required through this avenue as Everton surely need to be sounding potential suitors out, ie, major technology companies, sporting brands, mobile and broadband companies, car manufacturers, major tyre manufacturers (eg, Pirelli, Michelin), airline companies

Surely these are revenue streams we should be aiming to target?

It may be cutting our nose off to spite our face but, if Everton have any sense after the way we've been treated by the Premier League, tell them where they can go when it comes to using the new stadium for the upcoming Euros and we should be looking to bring a lawsuit against the Premier League.

Laurie Hartley
79 Posted 19/04/2024 at 05:23:44
Ed # 77 - including HM revenue & customs.🤔
Sean # 78 - unfortunately I don’t think any reputable organisation is going to want their name associated with Everton FC until they know who are new owners are and which league we are going to be playing in.
Ed Prytherch
80 Posted 19/04/2024 at 18:03:48
Laurie # 79 - good point. They are unlikely to negotiate.
David Vaughan
81 Posted 19/04/2024 at 18:29:53
Two incredible revelations from the last EFCSA meeting with the club (shared today by Paul Quinn aka The Esk):

1. The former directors determined their own pay offs when leaving the club.
2. The club plans to sell a stake in the new Everton Stadium at Bramley-Moore Dock.

Please God, no.

Raymond Fox
82 Posted 19/04/2024 at 18:50:41

I think that selling at least part of the stadium is the only way to raise badly needed capital.

The football club and the cost of the stadium combined adds up to a mountain of money.

Charles Ward
83 Posted 19/04/2024 at 19:08:38
David – if we sold a portion of the stadium, would the part -wner be entitled to a pro-rata share of the ticket sales?

Mind you, knowing the way we operate, we'd volunteer a commensurate share of TV money, shirt sales and transfer dealing profits.

Tony Abrahams
84 Posted 19/04/2024 at 19:42:37
That creates a lot of worry, Charles.

I've heard that there is a certain person who is connected to Rights & Media Funding, who has already made an absolute fortune out of Everton, so nothing would surprise me.

Ed Prytherch
85 Posted 20/04/2024 at 02:18:31
The club plans to sell a stake in the new Everton Stadium at Bramley-Moore Dock.

So the new stadium is owned by a company which in turn is owned by EFC, then whoever controls EFC controls the stadium company.

The stadium company has been loaned money by Moshiri, MSP and maybe others. MSP have the option of controlling EFC by way of their loan to the stadium company and hence control the stadium company. This is as complicated as 777 Partners. I would like to hear Paul Quinn's explanation of all of this.

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