777 Partners granted loan extension

I suppose to look on the bright side, if I was thinking of buying Everton I'd be running a fucking mile tonight, so 777 must really want us. Or, more likely, they're crazy.

Living in Australia but being a Blue supporter for 53 years, I have lost a few TVs over the last 4 years, I can't imagine the frustration you guys must go through, week-in & week-out.

Having to live in Liverpool, spend all your hard-earned cash on away games. But it does show in the Premier League that, unless you are turned on from the start, and the other team is, you get hammered.

Simple tonight: Chelsea were up for it and we cowered down, simple schoolboy errors all over the pitch. We could not complete the basics of football, pass the ball to your team mate when not under pressure.

Do we have a skills coach at Everton and a Sports psychologist or motivator? If not, we badly need them.

I watched Forest's last game and they were full of speed and skillful given time on the ball, this is the game we need to win so let's cross our fingers and have a little prayer.

777 have no money and their overdraft has now been curtailed in the US - they are only hanging around as they have (foolishly) ploughed in borrowed money thinking they would get a quick cut -price deal. Now that’s not happened, and they are not front of the queue for debt repayment they cannot walk away. I expect 777 would love someone to come in and save their face and pay them back. They can then return to running all their other interests badly…..

Fit and proper owner test my arse. It should be changed to a custodian test. Everton is an institution (like all other clubs) to be protected and nurtured - not treated like some everyday company to be neglected, mis managed and exploited.

Dark times

I would imagine that since Moshiri can't put any more money into the club, while 777 are struggling to raise more funds, the only other way to pay off MSP would be to wait a little longer until the TV/prize money is handed out and also a couple player sales.

After all 777 have to be crazy to want us or an I missing something?

Revolution in Bermuda

How can they be allowed to own Everton?

777 Partners, and everyone else, are being strung along by Masters & Co for their own reasons, none of which is for the benefit of EFC. What is being done is grossly unfair for everyone involved and going to end in tears eventually. So put an end to it now or is there a twisted delight for someone in this which is being played out?

777 will never get their hands on a PL Club. Nothing more than charlatans in baseball caps.

777 Partners is a private investment firm that focuses on a wide range of industries, including financial services, technology, healthcare, real estate, and aviation, among others. They are not primarily known as reinsurers, but they may have investments or holdings in reinsurers or reinsurance-related businesses as part of their diversified portfolio.'

'Reinsurers repackage debt instruments through securitization. This process involves bundling multiple insurance policies or financial assets together and selling them to investors in the form of securities. Reinsurers do this to transfer risk off their balance sheets, free up capital for other investments, and mitigate their exposure to potential large losses. By securitizing debt, reinsurers can diversify their risk and improve their overall financial stability. It also allows investors to access different types of risk profiles and potentially higher returns by investing in these securities.'

AI

777 Partner's have a appetite for debt and are able to source funds. The likes of MSP Sports Capital, R&FM and Moshiri just want out. As long as the first two get a return they are happy enough.As for Moshiri he is probably just a figure head.The Premier League they are powerless in such a situation.

MSP never wanted us. All they are interested in is MONEY.

They tried to buy 25% of the Club, which R&MF had a say in, so converted the same money into a loan on the new stadium.

I'm guessing when 777 or whomever becomes the new owner, that loan will be turned into equity, which is what MSP wanted in the first place and is right in line with their business profile; minority stake in a pro sports enterprise.

Jerome (17) - Zero indication MSP wants out. Every indication, for the last 11 months now, is that MSP most definitely wants in.

R&MF are a lending company done business for a long time, even back to the Phillip Green days as JG Funding then. The name change to R&MF was in 2015 or 2016.

The just did another loan with Everton in September last year and have other outstanding loans with the Club.

Everton Stadium Development Ltd has two charges taken out in 2023 against it by Blythe Capital whose Directors are Andrew Bell and his wife. Andrew Bell is connected to MSP Sports Capital, so James may be right.

James previously posted that 777 Partners got ahead of MSP Sports Capital because they were prepared to pay £60- £80m to R&MF, getting their approval, whilst MSP Sports would not agree to do so.

I wonder if James could let us know where he go this information, which seems to be a reasonable explanation

There is no use pretending that Everton's loans and funding are not complicated.

From the Mirror on 24 August (and others reported the same).

"MSP Sports Capital has walked away from an agreement after being told it would have to pay off an existing lender [R&MF]. As per the terms of a prior deal which was led by Everton, Rights and Media Funding Limited, they demanded "high tens of millions" before any money from MSP could even go into the club." This due to the loan agreement Moshiri and R&MF included a "negative pledge".

"an agreement between the owner of a charged asset and a lender stating that the owner will not create further security without the agreement of that lender."

Thus, "high tens of millions" handed over and lender R&MF wouldn't block Mosh and MSP's deal for 25% of the Club.

MSP demurred and 777 jumps back in. A few weeks later: BCLP Advises on Everton Football Club Deal

BCLP are R&MF's law firm. It's them who helped get the deal done between R&MF and 777. No details though. Then Moshiri and 777 Partners announced the "good news".

So, that's it. Anything I've posted is stuff that's been out there and talked about.

And if you haven't yet, go into Companies House and search 'Everton Football Club'. You can read all the loan deals there. No requirement to log-in or provide your info. It's real easy.

Thank you, James, must have missed the point at the time. Basically, 777 Partners may not own Everton, but they own Moshiri.

I wonder if this has a bearing on seeking an extension?