04/10/2023 10comments  |  Jump to last

Norwegian digital football publication Josimar have published a third article about 777 Partners, the proposed buyers of Everton, this time focusing on a lawsuit filed by a former employee of budget airline Flair.   

The suit, filed last week in the Court of Chancery in Delaware, USA, alleges that 777 Partners and its subsidiary Phoenicia LLC “are part of a web of companies 777 uses to move around money and assets to operate and conceal a sprawling fraudulent enterprise.”

» Read the full article at josimar.football

Reader Comments (10)

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Barry Hesketh
1 Posted 04/10/2023 at 17:27:01
This proposed takeover by 777 can't possibly be sanctioned by the authorities can it?

The fact that Moshiri has seen this group as a possible solution to Everton's problems beggars belief.

Tony Everan
2 Posted 04/10/2023 at 18:06:07
The Saudis got the red carpet treatment because they have enough £50 notes to fill Wembley Stadium along with political influence. with all these multiple late payments, this lot look like they haven't got a pot to piss in, in comparison.

But how on earth did they show Moshiri they had the huge level of cash required? I agree with Barry — they'll probably get rejected.

What happens then? MSP waiting in the wings with an offer that suits them and Moshiri will have no option but to accept?

Kieran Kinsella
3 Posted 04/10/2023 at 18:16:03
Josimar scored a cracking 40-yarder against Pat Jennings at the 1986 World cup. Is he the mastermind behind this site?

The allegations just keep rolling in. It's the same story everywhere, making deals then not paying up – be it with real estate in NYC, basketball UK, Vasco da Gama.

It does have the appearances of a vast Bernie Madoff-like scheme when, any time a bill comes due, they rope in some other sucker to pay that liability to give the appearance of solvency.

In other words, if it's not a Ponzi scheme, it appears to be check kiting, and they're not even very good at it, all the while trying to convey this image of jet-setting money men. The Colombian drug money allegation just adds another facet to the whole thing.

People will say things like "Usmanov was shady," etc which is true and is also partly (plus our dodgy politicians switching sides) why he is now sanctioned. But is there anyone among us who would happily see 77 partners invest in our own business? manage or own money? acquire the company we work for? manage a pension fund with our investments?

Kieran Kinsella
4 Posted 04/10/2023 at 18:21:35

The other thing with the Saudis (despite them trying to act like their fund is independent) is they're a nation state. If they have money problems, which clearly they don't, they could raise taxes, invade and pilfer another country etc.

Similarly, someone like Usmanov has vast wealth. The risk with him was always political risk, that Putin may flip on him as he has done other Oligarchs, or that as finally happened, the British government may do the same. But money was never an issue.

These jokers don't have run or a country, nor are they in bed with a despot who runs a country. They're just like the conman who ran Fyre Festival, living the high life, endearing themselves to the wealthy and playing a shell game to keep the facade going.

Think about this, the Icelandic banks were actually banks, subject to a certain degree of regulation in a democratic country, and look what happened there!

Barry Hesketh
5 Posted 04/10/2023 at 19:00:23
This tagline from a poster on Grand Old Team made me smile, our new motto will read "Nil Satis Nisi Opium" (Cocaine didn't quite scan)

Peter Hodgson
6 Posted 05/10/2023 at 12:08:28
I take everything back I said in my last post (on another thread) about 777 Partners, based on the continuing "revelations" floating around in the press.

Moshiri is only interested in, hopefully, getting some of his money back and doesn't give a toss about Everton. Well, we do, so sod Moshiri as 777 seem to be a most unsuitable owner that should be rejected out of hand when they are looked at. Whether that happens or not is open to question at the moment.

The problem is (or one of the problems is) that, without a new owne,r you know who is still going to be here. How then I ask is that one going to be solved?

Lyndon, I do apologise for my earlier post on your 1878 Magazine article as I have eventually seen some sense.

Pat Kelly
7 Posted 05/10/2023 at 18:22:55
Barry #1, Moshiri didn’t see 777 as a possible solution to Everton’s problems. He saw them as a solution to his problems.
Barry Hesketh
8 Posted 05/10/2023 at 18:36:38
Pat @7
I can't argue with that idea at all.
Tony Everan
9 Posted 05/10/2023 at 18:54:15
True, Pat, but I think he does as he's told.
Peter Hodgson
10 Posted 06/10/2023 at 15:33:14
I'll go along with the last 3 posts,

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