Moshiri 'considering' termination of 777 Partners deal following London talks

If not, the supplemental follow-up is: "When?"

And the response will be: "Then we will see what the advisers advise, but I must inform you in the interest of the club, we will have to seek a solution from any other interested party. Unless we do so the club faces administration."

It's Jerry Maquire time.

Since the Premier League haven't given Moshiri or 777 Partners the go-ahead, I don't see how any deal can be sorted by Saturday. If they try it, the Premier League will block it.

I wish that were true but I have a feeling it will be more like.

"Okay, guys, I am getting a lot of pressure – how can we get the funds to make this happen? Uz is keen to get this over the line so, if you need any help, we are there for you."

Hopefully that won't happen and there are genuine buyers ready to step in.

After the dust settles, Moshiri and Kenwright should be airbrushed out of our history.

The only saving grace – if it remains ours – is the stadium. Fingers crossed all turns out well.

What was the very subtle clue or key piece of evidence that led Moshiri and his cronies to realize there may be some reason to question 777 Partners' credentials?

Moshiri has hocked Everton to the limit, what he actually owns is worthless. 777 Partners have hocked everything they own beyond the limit.

They both may try to put forward a restructuring plan, to gain relevance and creditability, which will be worthless because, for a restructure plan to work, the recovery specialist has to have a direct substantial equity interest and be capable.

Both Moshiri and 777 Partners have neither and would have no credibility with other creditors at Everton. It is only when a creditable and capable recovery specialist with substantial equity interest emerges that Everton will move forward.

There will be more cowboying about, as what is happening at the moment. It looks like Everton will have to travel further down the road to administration for serious, worthwhile and difficult conversations to take place.

Yes, he has spent money… but not to the benefit of Everton – most of it by the failed managers he brought in. If this goes through with these gangsters, then I'm afraid the name of this great club will be dragged through the gutter.

Other than making Kenwright a very rich man, everything he has touched has turned to well-rotted manure. I wish he would take his or Usmanov's money and run – don't look back, just keep going!

I have had a lot going on in my life over the last couple of years, from losing my wife of 48 years to suffering depression, having knee replacements… to keep reading each twist of the knife he has kept sticking in the heart of Evertonians all over the world.

As we teeter on the block with a noose around our necks, hurry up, get on with it, save our suffering, and kick it from under us.

Moshiri has done immense damage to an institution – this isn't just a football club he has ruined, it is the heart and soul of everyone who was born, invited, or just on a lucky Saturday out to Goodison Park who have been ripped apart.

He will point to the new stadium at Bramley-Moore Dock as his baby – the least he can do is tell us where he has hidden the money to pay off the final invoice – or is that going to be ripped from our dreams too.

Moshiri needs to accept a smaller return from an alternative bidder; otherwise, he could end up with nothing.

The more I read about Everton's finances, the more confused I get, so it would be no good me offering an opinion. When the dust settles, at least we will have a football club, though heaven knows what state it will be in and where.

And far from airbrushing Kenwright and Moshiri out of history, we and everyone else in football should hold them up to shame as an example of what can happen with the wrong owners.

Jerome is right: the meeting with Moshiri and 777 Partners this week will just result in more inconclusive bullshit.

Out of frustration and despair, both transient things, Everton and Evertonians will be reborn with new words and new powers.

Prophecy is an affliction of the articulate – or inarticulate often in my case. But Everton will have built a character which enabled them to get through a season like no other club in history did. So the question is why should it stop now?

Sorry to hear of the life stage trials you are going through but you seem determined to keep standing. We need more people like you.

Every day brings a new reliable account of 777 difficulties evidencing a complete lack of accessible funds. I genuinely feel that Wander and his cronies are just chancers, or worse, but they will cling on as long as they possibly can to feed their own egos and to try to support their other failing ventures.

Unfortunately, Moshiri has shown himself to be just as inept without the courage nor the acumen to call time. He must be absolutely desperate. Any other proper businessman would have ditched 777 Partners a long time ago.

Things must be getting pretty desperate on the 777 Partners front albeit I'm not sure how they get their £200M back if they can't complete the club purchase.

I imagine there must be a fair few vultures circling the wounded animal that is Everton.

This really should be a Netflix blockbuster but I doubt even half of the real goings on will ever come to light.

They have now sent a doctor to Moshri and charged him £5M just so the doctor can confirm that a prostate is one end and a humerus the other.

Alas nothing humerous with our situation…

He has got to be involved.

Is he simply playing a game for Usmanov? 777 Partners buy the club but actually it still belongs to Usmanov. We are a joke…

I agree the whole thing feels like a charade to enable Usmanov to fund the stadium.

I can't work out why though.

The club needs a complete reset, 777 Partners shouldn't be anywhere near it. Standard Liege are in Shit Street with them.

I can see no chance of Usmanov getting access to his money whilst his country remains at war, so why not cause chaos in the West?

Only Everton could get embroiled in this situation,

Thank you, Bill.

How could any future plan from 777 Partners be given any credibility? They're surviving from day to day shuffling other people's money around.

The game is up and Moshiri has to call them out. Will he refund their £200M? They can't convert it into shares if they don't acquire the Club. Have they any security against it? Maybe Moshiri's yacht.

Yes, Netflix will be next or maybe even ITV. Looking forward to seeing Michael, Lyndon and Paul the Esk in the flesh.

Only he knows what game he is playing but, from the outside, it feels like the financial equivalent of taking the ball to the corner flag to waste time even though the team is losing.

I hope so, Denis, mate.

He says our new stadium is already worth £1 billion. He says there are clear options available to Farhad Moshiri.

Let's hope 777 Partners get a big thumbs down and quickly.

All Evertonians should shut up and be grateful he's still running the club because there is no bigger Evertonian than him. And he's still taking calls from other Premier League clubs seeking his safe-like advice, because Everton always get it right.

Round and round we go…..

Something about Bill Kenwright's death leaves me feeling really quite uncomfortable.

Let's keep our fingers crossed.

Moshiri doesn't need any clarification, nor do we. Even a bare modicum of due diligence here demonstrates that they aren't the right fit for Everton.

Move on.

Farad Van Helsing clutches his cross with one hand, a stake in the other... too late again. Will he ever lay that blood-sucking horror to rest?

Meanwhile, a sound of merriment is heard on the silent river. In the moonlight, a shimmering ship, the Royal Iris, sails by, empty, destined to forever play Blood Brothers on its stage, its lights fading in a sudden fog.

The natives are restless, fear in their eyes, they are cursed, the blood-sucking vampire has drained the life from them all, meanwhile in the moonlight a cackle from the roof of the stadium can be heard, singing "If l were a rich man"…

The Mayor of the village, Masters no one, sits at his table and gorges on his feast before him, unaware that vigilantes are at his door, pitchforks held high. His time is nigh...

Meanwhile, Farad Van Helsing realizes he is trapped, 777 of the walking dead are suffocating him, they have him in their grasp.

From afar, the Red Devil frowns, his plan is in danger, his allies few, but still he smiles… for no one will beat him, but little does he know of the plans afoot.

Place your bets, folks, as to where and when this all ends.

Standard Liege hit with transfer bans and all the other 777 businesses have been hit due to failure to pay the basic necessities.

And we are contemplating them running our club, for fuck's sake... when does this farce end???

Farhad Moshiri is considering terminating an agreement with 777 Partners for the American company to buy Everton amid persistent doubts over its financial capabilities

Read the full story from @_pauljoyce ⬇️

"Considering"? Does he have any choice but to "consider" given that they have failed to pay up, failed to prove they have money to do so, failed to meet Premier League requirements, and have more lawsuits than the Old Bailey?

My question would be this: Why haven't you paid Standard Liege players, staff? April, May and they have no money?? This is a football team.D id you not pay Standard Liege so you could pay me £16 million??

What is going on??? Pay the loans by Friday, satisfy the Premier League conditions by Friday or it's off. We will sort out the repayment of your loans in due course.

Mr Moshiri needs to then stabilise the club's finances. Talk to new potential buyers, cut another deal. Talk to all parties about the loans. Everton is an attractive prospect to the right buyers who have plenty of capital.

Let's hope as fans we can support the team. The present owner, who put his money up, got us a new stadium. Get behind the new owners.

Then he can bid £800M, Moshiri will bite his hand off and he'll make a cool £200M.

Is this what passes for journalism nowadays? The stadium cost less than that to build, and it is pretty obvious the supply chain issues, inflation and high-interest environment has made it a bit of a white elephant.

I posted on the other thread a theory that I'm believing in more. I think Moshiri may get more out of an administration than a sale, provided we are still in the Premier League. So string things along, hold talks, and then, if we are 9 plus points clear at the end of the season, call the talks over and stick it into administration.

Moshiri does not care two hoots what's left behind afterwards...

Mark @ 44; the trouble is we've passed the watershed for administration – any penalty goes to or comes off, to be strictly accurate, next season's total.

Also, and I stand to be corrected, but if you stray into and then, however quicky out of administration, you don't get those 9 points back?

He has also decided to sack Ronald Koeman, sell Schneiderlin and not to count on Usmanov's money.

The man is a decision-making dynamo.

I stand to be corrected but I believe points deductions for P&S have passed the point of no return for this season but I don't believe that applies for administration, because there are no facts to be ascertained, it is self-evident, and the points deduction, fixed at 9 points, is I believe, immediate.

Moshiri might be cannier than we think…

The Old Bailey is a criminal court so would have had no lawsuits heard there.

Is Moshiri playing "who blinks first"?

Is he trying to entice other bidders?

Will he bite the bullet and find something in his pockets?

Is Usmanov lurking in the shadows from afar?

All I have are questions I'm afraid. The one thing missing, unsurprisingly, is communication from Moshiri.

Oh wait… he is 'considering' …

It's surely obvious that 777 Partners are not appropriate owners. Not from a point of view of morality. I mean, top-flight football being a plaything for the corrupt rich as a matter of course now, but from mere competence. They simply don't seem up to the job.

We will go into administration, then the vultures will descend and we may be bought for a song. Unfortunately, the longer that takes, the more of our assets will be sold off by the administrators to satisfy the creditors we owe…

Truly dark times; we have “circled the drain” for too long, we really could be on the brink of extinction.

If the Premier League are gatekeepers, holding the decision to approve or not, They are accepting that sole decision-making responsibility and as such should accept they are solely responsible for their decision and subsequent events which occur as they have failed to protect the club.

I think the Premier League are taking up the time-honoured position of all regulators, of being faceless and stating conditions that have to be met. They will not get involved in operational details. If their rules are broken, the club concerned will be referred to an independent commission.

Of course Evertonians have exposed them as being neither faceless nor independent, but that will not stop them continuing on the same path.

In all cases involving regulation, the common outcome is regulation is always too late. Blame may be attributed if an independent Government enquiry is held, but that could be years down the line, if ever.

An independent football regulator would act exactly the same, though in their case, being independent, might mean something. I do stress 'might'…

I agree that, if owners were not to meet the stated requirements, then it's a straightforward call, but should an Arab state (or Russian for that matter) meet financial requirements, should they still be considered fit and proper?

Are not the Premier League accepting they have a duty of care also?

They will never accept 'a duty of care', even at the end of a very large bargepole. Responsiblity is a scapegoat at the end of a very long public enquiry.

Another way of putting it: If the government gets something wrong, it is a mistake; if you get something wrong, it is fraud.

I'm sticking to my guns and repeating that we will avoid administration whilst he has any money left (and he has billions)….

It's a poor analogy – and apologies for anyone who has been through it – but it's like handing the keys back to the bank when you can still afford to pay the mortgage…. It is a bad idea; you lose – not the bank (or occasionally, both lose).

I made that suggestion, albeit not with any great degree of conviction, but it might be true and one thing it would do is at least partially explain why Moshiri is stringing out a bid that for most people appears dead in the water.

Doing so provides some sort of defence against a director's key obligation – not to trade an entity which you know is insolvent and unable to meet its day-to-day obligations (or paying the mortgage, as you put it).

The possibility revolves around the seniority of debt, specifically Moshiri's versus 777 (and possibly the other parties), and also the role of an administrator whose priority is very much based towards the creditors of which Moshiri is one, in fact the biggest.

It is not really similar to having your house re-possessed, it's a bit more multi-faceted. For example, in administration, I would expect to see all players with decent value (Onana, Branthwaite, Pickford) sold. Unless your house is full of Picassoes, that option does not exist.

It's more of a suggestion than an assertion that this is his plan but, unlike you, I don't actually believe Moshiri does still have liquidity of billions. I think he has no more resources he is willing and/or able to commit to the club; this is his cut-off point.

Every twist and turn reveals more unsavoury characters in this cesspool of money laundering. It's a dirty tale of greed and lies.

- 9 points deductied next season
- best players sold
- miracle-worker manager would likely leave
- loads of redundancies of non-playing staff
- Women's team likely finished

League One would beckon and the only people it potentially benefits are the next owners of the club. It's not as if there aren't several clubs who went into administration from which we can draw parallels.

Using first principles, administration works for none of the invested parties. Even MSP, secured against the new stadium, loses control over its position because the terms anybody imposes to bring us back out are not known.

They gave 777 an extension to meet the repayment – it doesn't look likely, does it? But they won't have been idle in that month and they will have noted that we retained our Premier League status for next season in the hiatus while the PSR position is substantially known.

The debt is an obvious problem but, if they convert their £160M to equity and Moshiri accepts that he will never see the return 777 Partners offered, it becomes easier to either formulate a debt repayment plan (Teneo currently employed by Farhad Moshiri) or look at further investment and long-term refinancing – I'm sure they will be ahead of the curve.

The other reason I could see it happening is that EFC have 3 main sources of income (TV, matchday & commercial). TV is part of the Premier League deal, matchday will get a giant uplift with the new stadium at Bramley-Moore Dock, and commercial has been stagnant for years.

Sorry for the stereotyping but the Yanks are good at leveraging commercial deals and there will be a lot of low-hanging fruit with an asset like EFC with history, topflight football, and a new waterside stadium. I am hoping anyway!

"Everton deserve better than 777 Partners and the current situation that the majority owners have overseen at Standard Liege is "a complete disgrace", according to Belgian journalist Sacha Tavolieri.

Speaking to the BBC's Total Sport Merseyside show, Tavolieri said: "The situation is quite clear - all the employees of the company are not paid".

Read more here

The Premier League Executive also make me wonder if Everton are the worst run football organization or just the longest running.

On the face of it, all he's done is take on loan after loan after loan and all the Sky and TNT money thrown at us.

Has he really funded us out of his own coffers or just been there as a payday loan guarantor?

Some accountant.

His biggest problem was leaving the running of the club to the self-serving idiot whose vanity and ego trumped everything else, and then interfering when he could see things weren't right.

Moshiri is just an incompetent fool who obviously made his billions through being a front man for Usmanov but I feel he always did what he naively thought best for the club whereas the conman did everything for his own gain.

We are now in a situation where the culmination of their joint incompetence puts us in severe financial difficulties.

I haven't read the story but suspect this is something to do with Everton.

If you are referring to me bandying around administration as a cure for the club, then let me be clear, it might (only maybe) be a partial cure for Moshiri but, while we will remain in the Premier League for at least next season (assuming it's done while we are 9 plus points clear), it will indeed be bad for the club. Best players sold pronto, for example. It will be a shell of a club remaining.