22/04/2024 88comments  |  Jump to last

Updated Farhad Moshiri is reportedly seeking alternative investors to buy him out of his majority shareholding of Everton FC as doubts continue to mount over 777 Partners' ability to complete the takeover they agreed last September.

According to Tariq Panja of the New York Times, the Anglo-Iranian businessman has enlisted Deloitte to bring other potential buyers to the table as 777 struggle to raise the capital necessary to satisfy the Premier League's conditions for their approval as the Blues' new owners.

Those include repaying MSP Sports Capital the £158m they loaned Everton last year, placing £60m in escrow and converting to equity the reported £160m they themselves have given the Club in recent months to keep the construction of the new stadium at Bramley-Moore Dock on track.

According to Panja, citing "people familiar" with the situation, while Moshiri continues to say that the agreement with 777 "remains in place", Deloitte have reached out to sovereign wealth funds in several Middle Eastern nations, including Qatar, to gauge their interest in purchasing his shares.

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777 had a deadline of 15 April to repay the MSP loan but were granted an extension, assumed to be a few weeks to take them to around the end of the current season, by which time it would be clear whether Everton will be a top-flight club in 2024-25. 

Since emerging as Moshiri's preferred bidders last summer, 777 have faced scrutiny over their operations and had their access to ready cash from the reinsurance business squeezed in large part by the decision by A-Cap to begin withdrawing their funds from subsidiary 777 Re.

Panja's assertion is partially corroborated by Bloomberg's David Hellier who reports that Deloitte are looking for other backers to try and save 777 Partners' bid, suggesting that the Miami-based firm might enter into a partnership with other investors to buy the club rather than bow out completely if they are unable to fund the deal in its entirety themselves.

Quotes sourced from New York Times

Reader Comments (88)

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Kevin Molloy
1 Posted 22/04/2024 at 15:12:11
Latest headline from the NY Times no less, that we are back on the market.
Christopher Timmins
2 Posted 22/04/2024 at 16:00:27
Please may it be true!!!
Roger Helm
3 Posted 22/04/2024 at 16:00:37
More good news hopefully. 777 Partners were bad news – let's hope we find new owners who are competent.
John Chambers
4 Posted 22/04/2024 at 16:03:43
This is probably a better time to find new investors as it looks like we are inching closer to being a Premier League team next season, especially if you look at the actual points gained this season that would put us in 14th.

Personally, I think next season will be challenging but we've got to be an easier sell with the immediate threat of relegation receding…

Sam Hoare
5 Posted 22/04/2024 at 16:05:52
I'm not sure this means 777 Partners are out of the picture.I think it means that 777 need partners to front some (or all) of the cash as they don't have any.

New bidders looking to replace 777 Partners would have to undergo all the Premier League owner's tests and would set us back in terms of timeline presumably. Though of course that may be preferable to owners who are skint!

My worry is that, if 777 Partners fall away entirely, it begins to make administration look a more likely scenario… but it's difficult to know without any idea of what other parties may be interested.

Pat Kelly
6 Posted 22/04/2024 at 16:12:02
Apparently, Deloitte has reached out to the sovereign wealth funds of several Middle East nations, including Qatar.

Now's our chance to bankrupt a nation.

John Chambers
7 Posted 22/04/2024 at 16:12:41
Sam, according to the recent Forbes rich list, Moshiri is currently worth about $2.7B so he should still be able to support the club through the next few months to make sure he gets something back rather than let the club go into administration and lose all his investment.
Ajay Gopal
8 Posted 22/04/2024 at 16:12:49
Interesting! Two things that came to my mind:

1. With Everton's survival in the Premier League looking more possible after yesterday's result, maybe Moshiri feels he can get a better deal for himself and his 'handlers'.

2. Everton Football Club's name being mentioned in a prestigious news portal like NYT (although I don't care for it myself) means that it could potentially catch the eyes of more billionaires.

Just thinking out loud from an Indian perspective, why wouldn't one of India's top billionaires like Ambani not be interested in buying out Everton?

Sure, it is not as glamorous a name as the usual Sly 6 suspects, but when you get a chance to put your finger in the lucrative Premier League bandwagon through a club with such strong legacy, combined with the fact that it should be available for an investment (purchase plus further funding) that would be a fraction of what it would take to buy one of the other clubs, it sounds like a no-brainer to me!

Mal van Schaick
9 Posted 22/04/2024 at 16:17:43
Let’s hope that a decent respectable and responsible owner comes along to give us years of financial security and stability, instead of amateur sleuths who haven't got a clue about what our club really means to its fans.
Brent Stephens
11 Posted 22/04/2024 at 16:28:01
Ajay #7,

"With Everton's survival in the Premier League looking more possible after yesterday's result, maybe Moshiri feels he can get a better deal for himself and his 'handlers'."

Ajay, that's interesting. Paul the Esk in one article argued that an MSP deal would imply Moshiri's stake would end up as 44.1% with a nominal value of £139m – significantly more than 777 Partners have agreed with Moshiri.

John Raftery
12 Posted 22/04/2024 at 16:38:24
Good news and good timing.
Paul Hewitt
13 Posted 22/04/2024 at 16:39:58
Why haven't MSP bought us. Ain't they owned by Everton fans?
Nick Armitage
14 Posted 22/04/2024 at 16:52:08
Pat Kelly: Apparently, Deloitte has reached out to the sovereign wealth funds of several Middle East nations, including Qatar.
Now's our chance to bankrupt a nation.

Better get my pension out of the stock markets, Everton could start a whole new global financial crisis.

Tom Bowers
15 Posted 22/04/2024 at 16:52:55
These numbers are all mind-boggling to most of us.

We just need some dosh to be able to bring in some quality next season instead old-timers on freebies and rejects on loan.

Trump always seems to come up with invisible money can someone give him a call. Oh, I forgot, he's busy at the moment.

Peter Hodgson
16 Posted 22/04/2024 at 16:55:11
More speculation is to be expected but what is significant, I believe, if this is true, is that Moshiri has asked Deloitte to look for an alternative to 777 Partners. Someone must have spoken to him.

In all fairness, he has stuck to his guns regarding 777 Partners for ever it seems. Too long in reality for me because it has become a joke now, the length of time it has taken with no-one really knowing where it was going, except that 777 Partners seemed less able, and therefore less likely to complete, as time wore on. I just hope that this change of tack by Moshiri pays dividends and doesn't make matters worse – assuming the NYT report is pukka, that is.

There must be a White Knight out there somewhere.

Mike Gaynes
17 Posted 22/04/2024 at 16:57:52
OK, all you rescuers out there... now's the time. Keith Wyness said you were there. Show yourselves.

And if your name happens to be either Moorad or Najafi, I will jump over the moon. C'mon, MSP. We're waiting…

Mike Gaynes
18 Posted 22/04/2024 at 17:09:24
Pat #5, with our luck, the eager respondents to Deloitte's outreach will be Haiti, South Sudan and Jacksonville, Florida.
Jerome Shields
19 Posted 22/04/2024 at 17:15:50
I think 777 Partners are still in, but they probably need a partner.
Paul Ferry
20 Posted 22/04/2024 at 17:21:02
If this is true – and dear Sheedy I hope it is – it makes the people on here who bizarrely claimed that Moshiri would only work with 777 Partners because they had some sort of tie to Usmanov and other such conspiracies look absolutely fecking ridiculous.

I must confess that I am getting tired of one conspiracy theory after another, North Wharf Road crew this and North Wharf Road crew that.

It's embarrassing and not very smart to be honest.

And taking the trouble to sit down with Deloitte suggests that 777 Partners are not a fundamental part of these talks. If 777 Partners need a partner, it is up to them to hunt high and low for one, not Moshiri, unless, of course, 777 Partners have tight ties to Usmanov who pulls Moshiri's strings.

Steve Brown
21 Posted 22/04/2024 at 17:22:11
Someone needs to buy us, otherwise we will not be able to service our debt, raise additional finance, or pay for football operations.

777 Partners are not ideal owners, and I don't buy into their multi-club model as they are not financed to run it. I doubt they would retain control beyond 3-5 years.

Improve the value of the asset and then sell it will be their aim.

Mark Ryan
22 Posted 22/04/2024 at 17:28:16
Pat Kelly @ 5, that's class, I'm still laughing 😃

This sounds like our time has finally come. Mr Oil Baron, Sheikh yer stick, whoever you are, if you've got deep pockets, come on down to Goodison Park and have us feasting at the top table again. I'm praying let this be true.

Gerry Quinn
23 Posted 22/04/2024 at 17:47:36
I would imagine that Trump would be extremely interested in buying Everton - Aaaaaggghhh!!!
Mark Taylor
24 Posted 22/04/2024 at 17:47:40
It beggars belief that it has taken Moshiri this long to think 777 Partners may not be able to complete, when this has seemed pretty obvious for a very long time. This is not a man who understands hedging his bets and I find it inexplicable he has allowed this to drag on for this long, with a stadium needing funding to finalise.

I don't take seriously claims of Moshiri's wealth. Never say never but he has made it abundantly clear he doesn't want to put another penny in and I think because he has reached his own personal safety margin. The interest on some of our loans is crippling.

It remains the case that the only way this works is if all 4 parties involved can agree between them how big a haircut each will take. Even if you take every penny of Moshiri's money to zero, we are still in debt for around £550m and, for a loss-making club without a serious plan to reverse that, it is a lot more than we are worth.

Ralph Basnett
25 Posted 22/04/2024 at 17:52:33
Good news comes in threes; win against Forest with Young completing a full game and no mistakes😂, potentially no 777, a derby win!!!🤞
Colin Glassar
26 Posted 22/04/2024 at 18:00:56
I hope Moshiri doesn’t make a penny out of this and ends up busking on the London Underground.
Jim Burns
27 Posted 22/04/2024 at 18:07:56
Ajay - interesting point regarding potential interest from India's multi-billionaires (or lack of it).

I was over there recently and talking to a couple of switched-on locals in Udaipur around the subject of Everton.

Two things seemed clear to me – the level of consumer interest in the Premier League and football generally is still limited over there relative to cricket.

However, youngsters are starting to be drawn to it via
the media – so who knows? India's population has recently outstripped China as the largest on the planet and is predominantly young with a rapidly emerging middle class.

On that basis, who knows? Surely the commercial potential is huge but my guess is any investor would look at Europe as well.

Let's hope Deloitte's net is cast wider than Bill's was.

Lyndon Lloyd
28 Posted 22/04/2024 at 18:11:21
Paul (12),

MSP will have been put off by the amount of debt we've accumulated since they were seriously interested in coming on board last year.

Buying us now is much more expensive given we're £160m deep with 777 Partners so right now it looks as though they just want to get the money back to their investors rather than take on the hundreds of millions of debt currently weighing EFC down.

Which is a shame because, like Mike G, I'd have welcomed savvy operators like Najafi and Moorad – people who know money and how to operate sporting operations.

Sam Hoare
29 Posted 22/04/2024 at 18:32:01
If MSP were even vaguely interested in buying us then surely they would not have extended their loan last week?

Hope I’m wrong but surely any interested buyers with any genuine positive feeling towards Everton by now would have come forwards. Feels like it’s just a battle between sharks and other distressed buyers.

Ed Prytherch
30 Posted 22/04/2024 at 18:40:34
Pat @5 - brilliant, surely post of the day

Sam @29 If MSP converted their loan into equity they would be in danger of losing it all if we go into administration. It makes sense in the short term to leave it as a loan.

Derek Knox
31 Posted 22/04/2024 at 18:41:41
Gerry, that could be a Stormy (Daniels) situation. :-)
Jerome Shields
32 Posted 22/04/2024 at 18:43:44

The Bermuda Money Authority have given the Reinsurer 777 a - c credit rating effectively cutting of 777 Partner's main source of FundsThe backers and Investors of Re Insurer will never be known, because of being in the Bermuda Tax haven.

Paul Hewitt
33 Posted 22/04/2024 at 18:46:27
Couldn't ToffeeWeb and all it's members launch a takeover bid,?
Neil Lawson
34 Posted 22/04/2024 at 18:46:28
I'm truly worried. If we avoid relegation. If we are purchased by someone with limitless funds and if the new owners relieve Mr D of his post, just what will we all argue about on TW ? May have to spend more time talking to my wife.
Chris Leyland
35 Posted 22/04/2024 at 18:46:43
I suspect that any interested buyers have been waiting to see what played (continues to play) out with our PSR charges and which league we will be in, together with how the stadium is progressing.

Neil Lawson
36 Posted 22/04/2024 at 18:54:32
On a separate note, I see that Ashley Young posted a somewhat sarcastic and mocking message on X directed at Forest, and indirectly, their fans. Mind you, all of us watching him appreciate his lack of judgement and decision making abilities.
Brian Harrison
37 Posted 22/04/2024 at 19:03:58
Another week and yet another storey about 777, there seems no end to this possible takeover. Moshiri has mortgaged Everton up to the hilt, with Michael Tabors Rights and Media company owed £200m, MSP are owed £158m and 777 if reports are correct have so far ploughed in £180m for the day to day running of the club. Quite a few months back 777 reportedly wanted MSP as partners to buy the club but Rights and Media blocked that deal. I would imagine if MSP were remotely interested in taking over they would have refused to extend 777s loan agreement that was payable on the 15th of April.

Also there still needs investment to finish the new stadium, and its hard to see how anybody would be interested in taking over a debt laden club. We don't have a world wide fanbase like some of the top 6 clubs, so its hard to see how anybody could see a way of getting any of their outlay back in a reasonable timescale. Also if 777 withdraw their offer who funds the day to day expenditure as well as pumping in the money to finish the stadium.

Mike Gaynes
38 Posted 22/04/2024 at 19:10:46
Gerry #23, that is NOT funny. NOT. I just threw some ketchup on the wall when I read that.

Ed #30, agreed. Any interested buyer at this point, not just MSP, would be wise to ensure that administration could be avoided. MSP certainly is under no time pressure to make a move, assuming they still want to.

Neil #36, that wasn't "somewhat" mocking, it was appropriately derisive, absolutely elegant and definitely Young's best finish in years. He posted (with two "wink" emojis) that he was listening to an “Old Skool tune” by Justin Timberlake -- Cry Me A River.

I loved it.

Kieran Kinsella
39 Posted 22/04/2024 at 19:21:56
Good news is that the scummy 777 Partners appear to have tied up their last remaining money in loans to us so they won't be able to go around and fund any more kidnappings, money laundering elsewhere.
Brian Wilkinson
40 Posted 22/04/2024 at 20:33:00
I am convinced Everton are cursed.

We could even find some wealthy Switzerland owners and within a year, Switzerland would come out of a neutral country and end up in some war.

How can a team win the league twice moments before WWI and WW2, finally get a sugar daddy, and then war breaks out with Russia? I really would have got paranoid had we won the league in 1982.

The way 777 Partners are going, might be worth giving the guy in the bedsit a ring, sounds like he has more money than them.

The sooner we get away from Goodison and the dreaded curse, the better.

Anthony Dove
41 Posted 22/04/2024 at 20:44:39
Someone will have to find the money to buy Beto. I won’t
be chipping in.
Barry Williams
42 Posted 22/04/2024 at 20:47:19
Just a thought…

Is it possible that investors would be put off by P&S rules due to the fact that they could not actually invest too much into a sleeping giant because they are not allowed to?

Duncan McDine
43 Posted 22/04/2024 at 20:51:36
For Sale: Football Club which hemorrhages money, hasn't won a thing in donkey's years, and has a fan base that will hate its owner within at least 3 years.

Bidders please form an orderly queue.

Joe McMahon
44 Posted 22/04/2024 at 20:53:42
Duncan, you forgot: "What would Everton do?"
John Connor
45 Posted 22/04/2024 at 20:54:03
If 777 Partners withdraw from the sale, does that mean the £ millions they have lent us will need repaying immediately and as a consequence send us into administration if Moshiri doesn't step in and pay them off?
Sean Kelly
46 Posted 22/04/2024 at 21:09:34
Does this mean Billy Bullshit is still looking for a proper new owner 24/7.
Martin Farrington
47 Posted 22/04/2024 at 21:17:42
John, technically yes, however any creditors would be liable to lose tens or hundreds of £M's too.

The way things are thrashed out in these contexts tend to assure that administration won't happen.

There are quite a few vested interests here including a sanctioned Rusky. Shell Companies-R-Us being still on standby.

Sean Kelly
48 Posted 22/04/2024 at 21:26:03
Oh btw I wish that Keith widearse would shut his gob shut. Has plenty to say but says nothing.
Tony Abrahams
49 Posted 22/04/2024 at 21:54:18
I'm sure I've been told that 777 Partners will be in the queue behind R&MF (should that be behind REM, singing Everybody Hurts!) and MSP.

I'm still waiting for that little twist with regards there being an Everton connection, Sam @29, but I've been waiting a very long time, although losing 777 Partners has suddenly helped me feel a lot more relaxed about the future of our club,

Robert Williams
50 Posted 22/04/2024 at 22:22:59
PK @6 Brilliant.
Christine Foster
51 Posted 23/04/2024 at 00:24:02
Sean, #48,

For years, we haven't heard a peep from Wyness, not until Kenwright died, then suddenly he reappears as the font of all things Everton. Could be his NDA died at the same time, I suppose. If it did, spill the beans...

Jonathan Oppenheimer
52 Posted 23/04/2024 at 01:00:59
At this point, anyone who can pay off our debt, fund the stadium, and not be forced to sell Branthwaite and Onana without reinvesting in the squad is fine by me.

I figure anyone with that kind of money has laundered a lot of it and funded a few kidnappings along the way.

Jay Harris
53 Posted 23/04/2024 at 01:28:49
Let's not forget Todd Boehly paid £4B for Chelsea and invested another £1B in recruitment so there are crazy Americans with money.

Surely, we can clear our debts for less than £1B and own a state-of-the-art stadium.

It might not be London but as sure as hell we can catch up to Chelsea in the income stakes over a few years.

Geoff Cadman
54 Posted 23/04/2024 at 01:45:22
How much of Moshiri's wealth is made up from his Everton holdings?

At the moment he is funding Everton with other peoples money. Remind you of anybody.

Jamie Crowley
55 Posted 23/04/2024 at 02:05:59
This is absolutely fantastic news in my opinion. 777 Partners is not the answer, and with Moshri looking elsewhere, 777 not having the liquidity to move forward seemingly, and also not being able to pass the fit and proper criteria, we're officially on the market.

I'm just hoping someone with decent pockets and some acumen take over.

But I think Jonathan has the right of it @52 – anyone who can pay off the debt, fund the stadium, and not have a player fire sale works for me!

Laurie Hartley
57 Posted 23/04/2024 at 03:57:37
What would it cost to buy off Moshiri, the debt, and finish the stadium? US$1.5 billion?

For that you get a Premier League club and a state of the art stadium. Plus Premier League and TV revenue of about US$220M a year for a mid-table placing and whatever you get in gate receipts, stadium naming rights, and other matchday income.

From that you have to fund your operating costs and player purchases.

Si Cooper
58 Posted 23/04/2024 at 04:19:41
Not sure exactly what is to be celebrated (which some appear to be doing).

This is just furthering the purgatory of the club with the future remaining unknown.

If there is anyone who fancies taking the club on, they need to find a way to make the club both profitable and competitive. They cannot just pump money in so they will have to get more revenue coming in. A season ticket at the new stadium is likely to cost way more than Everton season tickets currently do.

I've never ‘fancied' 777 Partners but I've not seen an indisputable reason to dismiss them out of hand. The multi-club model had the potential to have some interesting pooling of resources with EFC as the flagship brand. Big fish in a small pond maybe, but currently EFC aren't otherwise big enough to attract top investment.

Hopefully there is a multi-billionaire somewhere out there who has merely been biding their time knowing this opportunity would eventually present itself.

Otherwise, the club's inexorable decline will simply continue for an indeterminate amount of time.

Jerome Shields
60 Posted 23/04/2024 at 08:01:54
I actually find Wyness far worse than anything that appears on ToffeeWeb. He will end up as a reporter for the Echo the way he is going.

Another thought is nothing has ended up in Court yet, hopefully we do not have that to look forward to.

Tony Abrahams
61 Posted 23/04/2024 at 08:04:26
The man who can't spend a shekel is going to the Sheikhs.

There must be a reason why Usmanov only wants to sell to certain people, but hopefully another one of those NDAs that the person he purchased Everton from, was famous for should suffice!

Jerome Shields
62 Posted 23/04/2024 at 08:15:15
Tony, it isn't going to be easy to emerge from the murky world that Kenwright & Co and Moshiri & Co have left Everton in.

Everton is basically a start-again project from the gutter. No-one on ToffeeWeb knows how deep the gutter is. But it is very deep with what is now coming out in the wash, which seems to be quite desperate.

Those involved will be happy to be there feeling there is potential value for them in it. Moshiri increasingly looks like nothing more than a figurehead who will get into bed with anyone.

Paul Hewitt
63 Posted 23/04/2024 at 08:48:34
Let's be honest: if anyone else apart from 777 Partners was interested in buying us, we would have known by now.

We are simply in too much debt and also sadly not a big enough name anymore.

Clive Rogers
64 Posted 23/04/2024 at 09:26:33
If 777 Partners are having to borrow the money to buy the club, they are not the owners we want.

At the same time, who would want them as partners with their track record and lack of cash?

Derek Knox
65 Posted 23/04/2024 at 12:22:21
Clive @ 64, totally agree mate, I don't think there are any amongst us (although we rarely all agree on everything) who want them to succeed. Not a good start and a possible indication of what to expect should the unthinkable happen.

Hate to mention it but, in the murky world of high finance, there are a lot of situations that bewilder us, as the average Joes. How has Donald Trump, who has been bankrupt several times (allegedly) bounced back to where he came from? Furthermore, how did he become President of the US?

Sorry for that analogy, but I think most fans just want an honest take-over (if such a deal exists) and a gradual rebuild to where we think we should be!

Christopher Timmins
67 Posted 23/04/2024 at 13:01:42
BBC website indicates that 777 Partners are still the only show in town.
Brian Wilkinson
68 Posted 23/04/2024 at 13:54:05
I cannot see anyone from Qatar coming in, Moshiri was sat with them at the World Cup, surely they would have shown an interest back then. So by going to 777 Partners, I am ruling out anyone coming in from there.

I still think the guy in the bedsit is a better option than 777 Partners.

Clive Rogers
70 Posted 23/04/2024 at 14:14:13
Derek, 65, yes, we have had 25 years of bad owners without a doubt. Kenwright turned down good owners and got a bad owner that suited his needs.

It may take a couple of decades to recover from this mess.

Christopher Timmins
71 Posted 23/04/2024 at 14:48:40
We appear to be looking at the least-worst option at this stage.

It's hard to get excited about an owner who can't finance the purchase without borrowing but it's really worrying when the potential owner can't even easily access the finance to do the deal.

What or who is the problem, the asset being acquired or the potential owner?

Mark Taylor
84 Posted 23/04/2024 at 17:20:26
Laurie 57

I don't see anyone wanting to acquire it for $1.5B or anything even close. We are loss-making at an operating level and even the most optimistic forecasts for extra stadium revenue would not change that into an entity that would be worth close to that amount.

I'd say even $500M is a push.

Michael Kenrick
85 Posted 23/04/2024 at 17:37:10
Christopher @67,

There are some interesting lines in the BBC piece – Everton search for investment to complete 777 deal – that seem counter to some of the thoughts being expressed in this thread:

Sources close to British-Iranian businessman Moshiri have told BBC Sport they remain "working on completing the deal with 777".

Mind you, they've said that or similar all along and we still seem no closer!

"It is understood there are no other parties waiting in the wings to take over should the deal fall through and the focus is fully on 777."

Don't read that bit, Tony. It's obviously just a lie.

"777 says it can stump up the £158m that is owed to MSP and once that is settled, it is felt the deal should be completed soon after."

So… still kicking that can down the road…

Laurie Hartley
86 Posted 23/04/2024 at 23:02:02
Mark # 57 - we are actually on the same wave length. The numbers just don’t stack up.

That is why I suggested a buyer like the person whose name has been removed from my post. Someone who has more money than they know what to do with.

It’s got me bamboozled. Classic comment from Derek @ 65 :-

“Hate to mention it but, in the murky world of high finance, there are a lot of situations that bewilder us, as the average Joes.”

Andrew Merrick
87 Posted 24/04/2024 at 07:25:13
So not back on the market, just seeking additional funding. Our illustrious owner still hellbent on his chosen exit strategy.

If there were any other interested parties, would part ownership attract them? I suspect not.

I expect to see MSP redeem their loan as agreed, and the future remains very uncertain. Nothing to celebrate yet.

Jerome Shields
88 Posted 24/04/2024 at 08:41:31
Paul #33,

We would have to look at things and discuss a bit more, after asking for more information.

Jonathan Tasker
89 Posted 24/04/2024 at 08:55:39
The 777 Partners takeover is never going to happen.

Only Everton could drag this on for so long.

Tony Abrahams
90 Posted 24/04/2024 at 11:06:58
It’s not me who needs convincing Michael, it’s people like Paul Hewitt, who seem convinced that 777 are the only deal in town!
Danny Baily
91 Posted 24/04/2024 at 11:30:31
I'm holding out hope that the failure to get the 777 deal over the line alerts other, better resourced prospective owners to this opportunity. If money is no object, our current financial state is no issue. There's real potential at the club, but the owners will need to be sufficiently wealthy to realise this potential. In this context, I can't see how 777 stand to benefit from this acquisition, which should set alarm bells ringing.
Tony Abrahams
92 Posted 24/04/2024 at 11:38:28
Why Everton, Danny? Surely 777 could have bought another EPL side, a lot easier?
Mo Guindi
93 Posted 24/04/2024 at 15:38:35
Surely us fans with hopefully a few rich ones (Amanda Holden, Sly, Tommy F) can band together to form a true fan owned club?? Or would that have to wait for administration to pick up on the cheap??
Phil Smith
94 Posted 24/04/2024 at 19:13:26
Good news, at last. Something definitely did not sit right with this deal.
Darryl Ritchie
95 Posted 25/04/2024 at 00:26:35
Dyche and the squad have taken care of things on the field, now it's time for Moshiri to get off his ass and sort it out off.

This nightmare must end.

John Pendleton
96 Posted 25/04/2024 at 00:29:55
It's okay folks. I stuck £2 each way on a derby victory with Skybet.

With the winnings I'll buy the club, clear the debt and re-sign Lucas Digne.

Any other requests?

Noleen Daya
97 Posted 25/04/2024 at 07:49:42
If this is true, I'm both happy and nervous.

Darn! Being an Evertonian will be the end of me!

Mo Guindi
98 Posted 26/04/2024 at 22:53:59
Hi John - waiting for you to deliver on your offer now please!
Colin Glassar
99 Posted 29/04/2024 at 13:28:40
So 777 has 24 hours to come up with the goods otherwise we move on to “other interested investors”. I hope it's true but I also hope it's not a consortium led by Keith Wyness, Hibbo and Tony Bellew.

We need serious people.

Derek Thomas
100 Posted 30/04/2024 at 05:16:47
Bonza Airlines, owned by 777 Partners, has suspended flights, for the second time since Christmas.

My guess is they... allegedly haven't, can't or won't pay the leases on their planes for next month, quarter or year — scraping up cash for the £158M to pay off MSP?

Laurie Hartley
101 Posted 30/04/2024 at 07:22:47
Derek # 100 - Bonza has just gone into voluntary administration. Four $100M jets repossessed overnight and all the employees lost their jobs. Not good!
Tony Abrahams
102 Posted 30/04/2024 at 07:54:35
Meanwhile, Alan Myers is reporting that Moshiri thinks that 777 Partners are the best option for Everton Football Club.

Don't shoot the messenger, especially because it was on that awful “Goodison News”, but isn't it about time people in high places started asking why 777 Partners are good for Everton?

"There's not a queue of people waiting" would probably be the answer, but we have had to listen to these type of untruths for a very long time now so I think it's about time we became a lot more vocal for the good of our great club.

Pete Neilson
103 Posted 30/04/2024 at 08:12:59
Laurie (101),

There's another 777 investment, Flair Airlines in Canada, on the brink of bankruptcy. They're currently paying 777 back at 18% interest. It seems everything they touch …..

If Moshiri thinks it's right for us then based on his track record it obviously isn't.

Derek Thomas
104 Posted 30/04/2024 at 08:20:19
It just shows, you can be both a House of Cards and a Pyramid Scheme at the same time (allegedly) and Quantum Physics has branched out into Quantum shonky accounting (again allegedly)

Pete Neilson @ 103; 777 is not good for Us, it's the best deal Moshiri can get for himself – we're thrown under the bus.

Andrew Clare
105 Posted 30/04/2024 at 08:26:44
We need the Qataris to come in and save us. Weren't they interested in Manchester United at one point? Hasn't Tim Cahill got connections over there?

They would turn us into a super club if that's what we want.
Really, we just want an owner who is financially stable with some nous and knowledge about football.

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