Does 777’s performance match Josh Wander’s claims?

As ever, fantastic detail but it seems to make me even more miserable than ever because, as contributors have mentioned in other threads, we appear to be in a terrible bind – we cannot carry on as we are but the only option on the table appears unpalatable.

What on earth is the answer?

Sad but completely predictable and true to form for him.

Whilst all the wrong signals are coming from 777 Partners when placed under scrutiny, who is actually behind them? 777 Partners claim that the employees own the company, then from Miami sources, it was said that high net worth individuals were involved and now an individual who has access to funds from the insurance market.

I am waiting for offshore funding sources next.

But I am sure those more knowledgeable than I can confirm or deny…

But I'm not sure this analysis tells us much one way or another. Most of their clubs are very recent purchases so there is very little time to evaluate them. The only one they have been involved with for a significant amount of time is Sevilla but only as a fairly small minority investor with a very limited degree of control.

The only other one with any sort of track record under full ownership is Genoa. They went down in their first season in charge but one could argue there were legacy issues there. They did get them promoted at the first attempt and on paper, appear more financially sound. So that's maybe half a tick.

Currently lower mid-table but, after a slow start, just pasted Mourinho's Roma, Lukaku and all.

I know, but it seems strange that MSP Sports Capital, which had a better profile than 777 Partners,should according to media reports not have been the preferred takeover company by parties with Everton interests.

Phil #6,

I remember something along those lines as well. But like you, I would have no access to details.

R&MF insisted on a significant proportion of their loan being paid off (I was told £80m) to enable MSP to take an equity stake in Everton Football Club. MSP refused to meet that demand and the deal fell apart.

MSP did honour their commitment to the stadium company (a straight loan) including contributions from Andy Bell and George Downing (both limited partners of MSP - 2 of the 13 investors/partners.

As the R&MF loan was not made to MSP but to the Club, wouldn't the Club be liable to pay it foff or the deal to go through?

It either maintains that control or it gets repaid in full and clears off.

The club are in no position to pay back the lender. The club'd struggle to pay for lunch at the meeting!

The obligation is with the borrower who does have a contract with the lender.

He's minted.

777 Partners were the preferred party before MSP came on the scene.

Everton are set to be sold for around £600m to American investment fund 777 Partners as early as next week, with Farhad Moshiri's unpopular reign nearing an end as the club fight to save their new stadium build and Premier League status — Daily Mail, 17 May 2023

Thank you for clearing that up for me.

Does that mean that, in 777 Partners' agreement with Moshiri, there is provision for £80 million to be repaid to Rights and Media Funding? Or is it a different scenario from the proposed agreement between MSP Sports Capital and Moshiri?

I note that MSP were to secure 25% of equity for their funding, whilst 777 Partners are proposing to buy Moshiri's shares outright, 94,1% of Everton equity.

I know, for me, the detail appears to be murky. I would prefer Bell and Downing to be involved in the club.

Eric #14

You would wonder why MSP were entertained… only to find themselves out, after having given a stadium loan in favour of the original preferred parties.

There will be a few more twists given Moshiri's history regarding decision-making. I would not be putting any bets on Moshiri's interview being an exposure of flannel, just like his previous FAB interview.

I see what you mean but there was no chance of the club paying off the R&MF loan to allow MSP to come in, which R&MF were within their rights to demand before allowing the club to have more loans.

So MSP were blocked for all intents and purposes by R&MF.

They will get on well with our current Chairman.

This would mean that not only were 777 Partners the preferred party, but also the preferred owner of a controlling stake in Everton.

These people are not interested and have no affinity with the organisations or communities they destroy, and Everton FC will just be another victim of these parasites, who will leave just a carcass after they've stripped all assets from the body.

It's us supporters who will still be there, praising Chairman Bill, when he makes one of his tearful speeches about Dave Hickson, the Boys Pen etc, and promises to find funding to put Everton back on the football map, and out of the National League, while lauding the exploits of ex-Everton players like Branthwaite and Garner, lifting European trophies for their respective clubs.

If only the likes of Tony Bellew, Tommy Fleetwood, Matt Dawson etc could band together and buy the club.

“777 Partners, which is currently trying to add Everton to its multi-cub portfolio, owned and operated companies which were accused in court of “predatory conduct” for targeting brain damaged former American football players making concussion claims against the NFL”

Brains trust or gold dust?

I just tried reading that latest shit-stirring effort from those Josimar guys...

If you look at the dates, which are few and far between in the article, this is all ancient history as far as 777 Partners and their current football operations are concerned.

They might as well do another massive exposé on Josh Wander – Drug Barron – for his shocking trading of 31.2 grams of cocaine when he was a college kid.

Haven't we heard it all already, for fuck's sake?

Your use of the tables above is a little misleading.

If you don't cross reference them to see that 777 were not engaged in most cases in most years shown here – you'd miss the fact that all it really shows is that they buy clubs in some distress, and in most cases, it's far too soon to say.

The one club they have had some long-term involvement in is Sevilla, albeit a minority stake, and they've had back-to-back Champions League.

777 Partners are far from my first choice, I keep praying that Man Utd's Sheikh suddenly swoops in and blows everyone out of the water but it's a fool's hope.

However, the only crumb of comfort I keep finding in 777's interest is the possibility that they might use the Belgian and Brazilian clubs to filter talent into the Premier League and maximise profit. Probably another fool's hope.

There's good reason for using the data I use – it is exactly the same data and range of dates that 777 Partners and Tifosy are using to try and raise $250 million to support their football ventures.

Too late, mate. Looks like he's after Spurs now.