04/11/2023 100comments  |  Jump to last

Josh Wander and Steve Pasko have reportedly been given the green light to become directors at Everton should 777 Partners' takeover bid go through.

According to The Times, the co-founders of the Florida-based investment firm have cleared one of the hurdles to becoming the Blues' new owners.

777 have an agreement in place with Farhad Moshiri to acquire his 94.1% stake in Everton and they are currently undergoing regulatory scrutiny by the Premier League and Financial Conduct Authority.


Reader Comments (100)

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Michael Kenrick
1 Posted 04/11/2023 at 18:09:28
Interesting if true.

The rabid nonsense we've had to read about them was spun to suggest there was more than sufficient reason they would not pass the Premier League's Director's and Owner's Test – which I assume this Times story is in reference to.

Seems the utter parasites at Goodison News have lied to us yet again. Although this story seems to have so far eluded their eagle eye…

Les Callan
2 Posted 04/11/2023 at 20:05:25
Times reporting that 777 take over given FA blessing.
Paul Ferry
3 Posted 04/11/2023 at 20:10:12
Oh no: https://www.thetimes.co.uk/article/potential-new-owners-given-fa-blessing-in-bid-to-buy-everton-f0kvhrc07
Paul Ferry
4 Posted 04/11/2023 at 20:10:52
FA give their blessing to 777's takeover:


Will Mabon
5 Posted 04/11/2023 at 20:11:21
Les - Gulp!
Colin Glassar
6 Posted 04/11/2023 at 20:11:22
Let’s hope the FA are better than the VAR, Les.
Tony Everan
7 Posted 04/11/2023 at 20:19:16
Just when we’ve been saying it’s been a good week, the FA unzips and pisses on our chips.
Dave Williams
8 Posted 05/11/2023 at 00:37:14
Paul # 3&4 as a US resident what do you know about 777? Is the publicity true or not?
Stu Darlington
9 Posted 05/11/2023 at 12:02:11

Rabid nonsense? Then 777 already have the funds in place to buy Moshiri out? Interesting indeed!

Barry Hesketh
10 Posted 06/11/2023 at 12:02:46
777 Group lost almost $600 million from June 2021 to June 2022. These numbers have not been submitted to regulators probing the proposed takeover of Everton and cast doubt on Josh Wander's claim about his company's financial strength. At least that's what Philippe Auclair and Paul Brown claim in the latest episode of Josimar's series of reports about 777 Partners:

Full disclosure?

Paul Hewitt
11 Posted 06/11/2023 at 12:10:18
Wonder who this Indian consortium is, waiting to swoop if 777 Partners don't get the go-ahead?
Sam Hoare
12 Posted 06/11/2023 at 12:25:12
Barry@10, thanks for that link. Very interesting and quite worrying.

I haven't come across Josimar much as a site but is it totally reliable? If those documents are real, then presumably there must be other entities aware of it.

Trying to take over a Premier League club will bring an even higher level of scrutiny to 777 Partners and their dealings so would it not be a strange move if they were really trying to hide their financial shortcomings? Maybe that's me being naive!

Jack Convery
13 Posted 06/11/2023 at 12:34:42
Wow. So they are clean. Does this mean if they aren't and end up bankrupting us, we as supporters, can take the Premier League to court and sue them?

Something very whiffy about all of this – any way that the Saudis are involved?

Tony Everan
14 Posted 06/11/2023 at 13:09:46
Thanks for the link Barry, after reading that I'd be surprised if this whole 777/600/Acap/Nutmeg/WTF/ ?…takeover doesn't unravel and collapse very quickly.

I am very concerned about our club being locked into this spider's web of companies and loans. The punitive interest repayments we will be making forevermore will be a permanent ball and chain. Please let there be an alternative.

Tony Everan
15 Posted 06/11/2023 at 14:21:22
Mukesh Ambani rumoured to be the interested Indian investor. Also rumoured to be willing to offer more than 777 Partners.

So many stories and rumours, believe anything at your own risk… ⚠️

Paul Hewitt
16 Posted 06/11/2023 at 14:37:36
Apparently this Mukesh Ambani has a net worth of 91 billion.
Stephen Graham
17 Posted 06/11/2023 at 14:48:04
Paul @16,

Is that pounds, dollars or rupees?

Paul Hewitt
18 Posted 06/11/2023 at 14:50:35
Pounds mate.
Andy Crooks
19 Posted 06/11/2023 at 14:53:51
MK @ 1, not sure if it was you or Lyndon who said that Goodison News was a clickbait site run by Kopites.

I've a mate who still quotes their nonsense as fact.

Mark Ryan
20 Posted 06/11/2023 at 15:27:24
Mukesh Ambani, yes please. Come on down sir
Michael Kenrick
21 Posted 06/11/2023 at 15:45:22
A line in the latest shit-fest from Josimar caught my eye:

"An increase in the group's assets from $8.36 to $9.14 billion in those twelve months."

Hmmm... by my limited maths skills, that's a growth of $780M. Not too shabby… and isn't the current number somewhere in the range of $10-12B?

Yet the Josimar hacks imply that's not sufficient to cover massive interest payments and an "unrealized change in fair value of financial assets" – whatever that means – despite it being considerably bigger than the losses quoted.

Credit to Josimar, though: they moved on from the 20-year-old drug crime and old old stories from the States to consider things that are little more than a year out of date.

Tom Bowers
22 Posted 06/11/2023 at 15:46:47
I don't care who become owners as long as money is made available to get some ''top class'' players when available.

Most of us got excited when Moshiri and Usmanov got involved but look what happened.

Everton have had a succession of managers and players who have been below par and now we are in trouble with the FA to boot.

Michael Kenrick
23 Posted 06/11/2023 at 15:53:17

They seem to grab any snippet they can find, and put a wonderfully sincere worrying spin on it under a suitable clickbait headline. Followed by their deeply concerned commentary that passes for analysis.

At least they provide a link to their source material, which is what I usually check out first to see if there's any meat there. But far too often it's dubious journos, pundits and self-proclaimed financial experts spouting their shite.

Rob Halligan
24 Posted 06/11/2023 at 15:57:35
I can’t find any link saying Mukesh Ambani is interested in buying us. He was interested in buying the RS about 12 months ago, but FSG wouldn’t sell. Apparently he’s the 9th richest person in the world, so FFS man, come on, pull your finger out!!
Tony Abrahams
25 Posted 06/11/2023 at 16:38:16
It's got a proper scouse tone, to it that name Ambani, so hopefully he takes over from Reg Varney, when he starts putting loads of butties in our kitty!

I didn't realize he was interested in buying Liverpool though, Rob, so fuck him!!

Seriously though, I can't believe anyone would be really interested in buying Everton, so we should be very thankful for 777 Partners.

Stephen Davies
26 Posted 06/11/2023 at 17:08:29
But haven't we already been Sold to 777 Partners?
Michael Kenrick
27 Posted 06/11/2023 at 17:27:40

The sale is in progress but it hasn't been completed yet.

Some say it won't be completed. Some say they don't want it to be completed. Some say it's collapsed. Some say we're in trouble with the FA (don't think so, Tom @22 — the FA just said that, if the sale goes through, Messers Wander and Pasko of 777 Partners can become directors of Everton).

We're in trouble with the Premier League over a claimed breach of their Profitability and Sustainability Rules, which the club vehemently denies, and has defended itself "robustly" before an independent commission tasked with deciding our fate.

Meanwhile, the Premier League and the Financial Conduct Authority are reviewing the 777 Partners deal and still have to decide if they will approve it. This process could take until the end of the year.

There, I think you're now caught up.

Tony Everan
28 Posted 06/11/2023 at 18:10:07
Apparently the Indian rumour was started by Delhi Alli.
Stephen Davies
29 Posted 06/11/2023 at 18:34:31
Michael #27.
So what you're saying is that EFC is still available for Sale?
Paul Ferry
30 Posted 06/11/2023 at 19:13:51
Paul Ferry
31 Posted 06/11/2023 at 19:16:35
Sorry Dave W (8), just popped back on here. Mike Gaynes is a better mind to answer that than me. I had heard of them before the link to us and it was a story on NPR (erm, the one 'independent' radio news channel) that was about financial improprieties.
Tony Everan
32 Posted 06/11/2023 at 19:23:52
Stephen, think of it like buying a house; you’ve agreed a price, the solicitors are doing their thing and want to see that you can pay for it and the money is not dodgy etc.
If all is ok it will be sold. But until that time no contracts have been exchanged so the house is still effectively up for sale. 777 could get gazumped but I don’t think Moshiri would entertain that unless they fail the FCA tests, because of failure to submit fully audited accounts, clarity of funding sources or something like that.
James Marshall
33 Posted 06/11/2023 at 19:32:27
There are literally no rumours I can find anywhere online about anything to do with Mukesh Ambani holding any interest in buying Everton. Does anyone have anything to back up these claims?

As an aside this is an interesting article about 777, their business model and how they and other multi-club owner businesses are operating.

It gives a good insight into how they (and others) are operating.


Stephen Graham
34 Posted 06/11/2023 at 20:26:01
Paul @ 18, Thanks! :)
Tony Everan
35 Posted 06/11/2023 at 20:36:28
James, I looked to see where those rumours where coming from and it seems like it’s come from a dubious poster on Twitter who claims to be in the know and it’s spread to a few fan websites and other Twitter accounts because of it. It’s overwhelmingly likely to be a load of bollocks and definitely one to be taken with a very large pinch of salt.
Bobby Mallon
36 Posted 06/11/2023 at 21:23:42
If I was the 9th richest man in the world I would buy Everton tomorrow. But if I was I would be in the papers shouting that I would buy us pay off our debt and pay for the stadium out fucking right. I would also buy back everything that was sold off that we now rent back and get rid of the kit bag deal
Mike Gaynes
37 Posted 06/11/2023 at 21:33:12
Dave and PF, sorry, I was able to provide a bunch of background on MSP, but I know nothing about 777 that hasn't been published in multiple sources.

I continue to suspect, without any supporting evidence, that MSP is involved with the changeover beyond their known involvement as financing providers.

Tony Abrahams
38 Posted 07/11/2023 at 07:57:38
Just been reading that David Dein, one of the most respected men in football, is expected to get behind the 777 deal. Nothing to do with helping Everton, but probably a lot more to do with helping his money friends?
Michael Kenrick
39 Posted 07/11/2023 at 09:16:14
Hard to make much out of this news, Tony.

There's also a very long read in The Athletic on Project Echo – the name given by 777 Partners to their… well, it's all in the title really:

Everton takeover: Project Echo, 777's masterplan for global domination

And if you make it through the very long piece, the comments (and Matt Slater's replies) are well worth a read. But 'tis all behind a paywall… soz.

Kim Vivian
40 Posted 07/11/2023 at 09:21:45
I don't know if there's a word of truth in it but so long as he's not running fraud scams out of Kolkata I'd be plenty happy with an Indian investor.
John Keating
41 Posted 07/11/2023 at 10:55:30
I did do a lot of work in India with Indian-owned companies… Not now, not ever again.

Sorry, maybe I was just unlucky but I wouldn't trust one of them as far as I could throw them.

All great guys, promises all over the place… until it comes to parting with the cash.

Ian Pilkington
42 Posted 07/11/2023 at 11:59:30
It remains a huge quandary whether 777 have the resources to purchase the club outright when just a few months ago they appeared to be losing the battle with MSP to acquire just 25%.

Perhaps they have undisclosed backing from the Middle East because it is equally surprising that Moshiri has apparently not received any other bids, less than 18 months since he suddenly backed away from the Kaminski deal, which appeared to be far more viable.

Under the ownership of 777 Partners, it appears to me that we would suffer a re-run of the dismal Kenwright/Moyes era, a trophy-less mid-table team regularly selling our best players, with no hope whatsoever of returning to the top table.

Tony Everan
43 Posted 07/11/2023 at 14:25:18
Keith Wyness chipping in now, who has a fair bit of experience, but again without knowing the full detail, could be way off the mark.

Speaking on the Where's The Money Gone? podcast with Adrian Goldberg [7 November, 17m 45s], Wyness said: “777, with the leverage they have and the other parts of their business, are probably not going to pass the Financial Conduct Authority tests.“

Paul Hewitt
44 Posted 07/11/2023 at 14:49:55
Tony. I'd find it hard to believe they won't get permission to complete the buy out. Considering they are the only ones funding the club at the moment. Without 777 Partners, we would be in administration by now.
Paul Ferry
45 Posted 07/11/2023 at 19:08:41
So is the view coming round now to thinking that we will get a points deduction?
Pat Byrne
46 Posted 07/11/2023 at 21:37:05
Just hearing from a usually reliable source that the outcome from independent commission is due out and has given Everton a £3 million fine and a 6-point deduction which will be suspended for 2 years until 2027, with no tranfer embargo.
Neil Copeland
47 Posted 07/11/2023 at 21:40:10

I have just read the same thing. Good news if true.

Brendan McLaughlin
48 Posted 07/11/2023 at 21:46:02
Wonder if Everton can appeal and ask for the 6-point deduction this season?
Ray Roche
49 Posted 07/11/2023 at 21:47:08
Pat, Neil, where did you see this?
Neil Copeland
50 Posted 07/11/2023 at 21:48:44

On Facebook but I can’t remember the source quoted I will try and find out.

Ray Roche
51 Posted 07/11/2023 at 21:50:22
Dale Self
52 Posted 07/11/2023 at 21:51:50
Pat and Neil, I will take it. Thanks for that. Yay. UTFT!
Neil Copeland
53 Posted 07/11/2023 at 22:00:27
I can’t find the source sorry so it may be bollocks but a different posts talking about it.
Pat Byrne
54 Posted 07/11/2023 at 22:03:47
Got this from someone who has been very accurate before, he seemed very certain on the details.

Lets let it sit and hope he's correct as I would consider this to be a good result and a little bit of sunshine at this dark time. He is definitely not a wind-up merchant.

Ray Roche
55 Posted 07/11/2023 at 22:04:15
Ok Neil, thanks anyway.
Brian Williams
56 Posted 07/11/2023 at 22:12:03
Facebook? 😱
Tony Everan
57 Posted 07/11/2023 at 22:12:33
Pat, I’m praying that’s true, there so many rumours around lately I won’t get too carried away until I see the official statement! 🤞
Pat Byrne
58 Posted 07/11/2023 at 22:14:36
Brendan @48.

If true, the 6 points will only kick in if we break P&S Rules in the next 2 seasons up to 2027.

Brendan McLaughlin
59 Posted 07/11/2023 at 22:22:06
Wow Pat #58

Result...if accurate.

Makes you wonder what we actually did "wrong"?

No doubt given the cloak of confidentiality surrounding the whole process...we will never find out.

Jerome Shields
60 Posted 07/11/2023 at 22:45:11
I expected that 777 Partners would get through the FA requirement. FA are limited in requirements.

The Owners' and Directors' Test outlines requirements that would prohibit an individual from becoming an owner or director of a club. These include criminal convictions for a wide range of offences, a ban by a sporting or professional body, or breaches of certain key football regulations, such as match-fixing.

John Raftery
61 Posted 07/11/2023 at 23:14:46
Tony (38),

David Dein was in the Directors Box at Goodison last week at the Burnley match. I met him many years ago on the train from London. Very personable guy and knowledgeable. He said he was a big friend of Bill Kenwright.

John Raftery
62 Posted 07/11/2023 at 23:46:06
Ian (42) ‘….a re-run of the dismal Moyes/Kenwright years….' as opposed to the nerve shredding excitement of successive relegation battles in the Moshiri years?

I think most fans at present would be content with a few dismal years qualifying for Europe and reaching a cup final.

Whoever takes over our club, the current financial rules make the likelihood of a meaningful challenge to the current elite clubs only a remote possibility. Good management will only take us so far before we hit the glass ceiling.

Stephen Davies
63 Posted 08/11/2023 at 00:01:43
John #61.

Didn't Dein sell his Arsenal shares to Usmanov?

Stephen Vincent
64 Posted 08/11/2023 at 02:47:22
John #61 and Stephen #63,

David Dein sold his shares to Red & White Holdings a company which was owned by Moshiri and Usmanov who appointed him as Chairman of Red & White holdings on his resignation from the Arsenal Board in 2006.

I think he knew Kenwright from his involvement in the Theatre Investment Trust. I met him a few times and as John says a very likeable and knowledgeable man.

Don Alexander
65 Posted 08/11/2023 at 02:51:52

Every other club boss will always extol the credibility of their comfiest to them fellow club boss, namely Kenwright, the guy they almost all extracted the max from in football business, to our cost.

The media, who've long since considered us to be like Coventry City as top-league-consistently-just-about survivors, have feasted and thereby promulgated, increasingly deliberately or otherwise, our club's increasing ineptitude throughout Kenwright's ineptitude/avarice.

Danny O’Neill
66 Posted 08/11/2023 at 07:29:40
Pat, I don't like saying "I have it on good source".

But on the rare occasion, I do, I have it on a good reliable source who normally gets it right.

A 2-year suspended 6-point deduction, which kicks that into the long grass and, providing we behave, it goes away. Like a suspended prison sentence. I suppose you could say we've been tagged.

And he also understands we may get fined £3M, with no mention of a transfer embargo.

But like all, until there is an announcement and we see it in black and white, it's not real.

Once they get this out of the way, I suppose the football authorities can focus on Manchester City and those 115 offences? Although that brings UEFA into the equation with FFP, not just the Premier League’s P&S Rules. Let's watch that space as the Premier League will be like a rabbit in the headlights trying to deal with City.

Meanwhile in the Big Brother Goodison House, 777, Dein, other interested parties from the US and India. It's all getting a bit uncertain as seemingly (and I'm guessing), there is potentially a bit of jostling going on for the rights to the new Everton Stadium at Bramley-Moore Dock.

Anyway, our more immediate concern is playing what is always a tricky fixture at Palace on Saturday.

Jerome Shields
67 Posted 08/11/2023 at 08:51:08
Danny, that actually sounds closer to the Commission result than anything else that I have seen. The proverbial kick into the long grass, which I expected after the Commission announcement.

As for Dein, I also feel I am in the Big Brother House, because the possible permutations are endless. Everyone of them will turn up on ToffeeWeb.

Sam Hoare
68 Posted 08/11/2023 at 09:28:54
Danny & Pat,

If that is indeed the commission's verdict, then it's a pretty good one. Talk of an imminent 12-point deduction always seemed like scaremongering to me but I thought there was a chance we might get a transfer embargo.

Rob Halligan
69 Posted 08/11/2023 at 09:31:12
Hope this decision by the independent commission is true. There will be an awful lot of disappointed clubs if so.
James Marshall
70 Posted 08/11/2023 at 09:32:12
I met David Dein in a lift in Kensington about 10 years ago (and oddly, Cherie Blair the same day in the same lift) so it must be true. He was quite quiet.

She was a lot chattier than him, and also a lot smaller.

Big news of the day there for you.

John Pickles
71 Posted 08/11/2023 at 09:49:21
It's a pity we didn't get a transfer embargo when Koeman arrived.
Dave Abrahams
72 Posted 08/11/2023 at 10:06:42
John (62),

Let's be honest here John, that should be the Moyes - Kenwright years versus the Moshiri - Kenwright years.

Kim Vivian
74 Posted 08/11/2023 at 10:08:34
I was expecting a suspended points deduction - maybe up to 12 but that seems somewhat harsh based on the rumoured contraventions, a hefty fine and maybe a transfer ban, although to all intents and purposes we have had one of them for the best part of 2 years.

These sanctions above do not seem too intolerable to me. Any resurgence by the club will just be delayed but I know we have the steel to rise to the challenge.

Dave Abrahams
75 Posted 08/11/2023 at 10:10:35
Danny (66), There have always been other people in the background waiting to buy into Everton and one poster has constantly pointed this out, forget his name at the moment!!
Ian Pilkington
76 Posted 08/11/2023 at 11:31:59
John @62

The Kenwright/Moyes years gave us a 4th place in the Premier League with a negative goal difference, a feeble FA Cup Final defeat, and a last 16 in the Europa League — failure in my book.

Moshiri was undoubtedly responsible for the appointment of a succession of underperforming managers but, if he had restructured the board with a competent chairman and CEO, the story may have been very different.

At least Moshiri will leave us with a superb new riverside stadium, 20 years after the opportunity to build one at King's Dock was spurned.

Kenwright would have happily led us to a second-rate stadium with a large car park next to Tesco in Kirkby.

Steve Brown
77 Posted 08/11/2023 at 11:46:19
If this is true then hallelujah.

We should sue Leeds, Leicester and Burnley for defamation… say £3 million?

Steve Brown
78 Posted 08/11/2023 at 11:49:16
Based on the ratio of our 1 charge to their 115 charges, Man City will be deducted 690 points, be fined £345 million and have a transfer embargo for a century.
Alan J Thompson
79 Posted 08/11/2023 at 12:47:19
I don't know if this rumoured penalty has any credence but how does suspending part of the penalty work?

If memory serves we were/are about £420M or thereabouts in debt, or £315M above the P&S allowance over a 3-year period, so how do we reduce this to stay within allowed parameters for the next 2 years?

They can't be saying there is no transgression or there would be no penalty or is it that we must not trade into further debt over the next 2 years which, barring something exceptional would seem to be something of a transfer embargo as a sell to buy policy might not do anything to reduce the overall debt.

Or there is more to come than just this rumour?

Anthony Hawkins
80 Posted 08/11/2023 at 12:59:06
Any penalty is pure conjecture at this point.
Michael Kenrick
81 Posted 08/11/2023 at 13:18:08
Wow, Alan @79, you've really made it a whole load more confusing for everyone by conflating two things that are related, yes, but are definitely and absolutely not the same when it comes to the P&S Rules.

Debt is how much you have borrowed, and therefore how much you owe your creditors. The P&S Rules make no restrictions on debt. They do not apply to debt directly.

Loss is how much money you lose (Income minus Expenditure), where expenditure includes the cost of borrowing. The allowable loss each year of the last three is limited by P&S Rules (but with a host of exceptions for allowable costs).

Covid comes into it too.

"Or there is more to come than just this rumour?"

Yes, of course. As Anthony says, there is the real findings of the commission still to come, the real decision on our penalty. Let's wait for that, shall we?

James Hughes
82 Posted 08/11/2023 at 13:47:43
Man Utd are £1 billion in debt, so how does that work in terms of the rules?
Brent Stephens
83 Posted 08/11/2023 at 13:53:20
James #82 - post #81 perhaps explains it?
James Hughes
84 Posted 08/11/2023 at 13:58:59
Brent, cheers, I was looking at Alan's post whilst working.
Brendan McLaughlin
85 Posted 08/11/2023 at 14:08:31
Alan #79

"or £315M above the P&S allowance over a 3-year period, "

I assume you are quoting Everton's actual overall losses not all of which will count towards P&S limits. Expenditure on youth and women's football as well as Covid expenses are excluded from the P&S calculation.

As far as I am aware Everton's actual P&S figures have never been made public.

Michael Kenrick
86 Posted 08/11/2023 at 16:28:03
Brendan @85:

"As far as I am aware Everton's actual P&S figures have never been made public."

I thought one of Paul Quinn's articles took a stab at it, but perhaps I'm mistaken.

I'd like to think that a careful study of the Accounts for those years should give some idea but, as you say, the numbers have not been made public and some of the allowances claimed for Covid (loss of player value, etc) may be contentious and/or hidden.

Graham Fylde
87 Posted 08/11/2023 at 17:16:48
Michael (86) you are correct, Paul did an article as the independent commission was announced and slightly before the accounts were public.

He makes a point of saying that a fair bit of it is educated guesswork and, even updating his numbers with a slightly better 21-22 loss than he forecast his work indicates we have a prima-facie 3 year P&S position of - £159M which is just the £55M in excess of the rule!

Jerome Shields
88 Posted 08/11/2023 at 17:29:30
Yes, Paul the Esk's figures where estimates and later updated with more information, but in some cases still estimates without information., which he made clear in his articles.

Only the Club, the Premier League and the Commission know the true figures. These actual figures will not be revealed, even when the results of the Commission are announced.

Brendan McLaughlin
89 Posted 08/11/2023 at 18:12:37
Michael #86

As far as I'm aware the publicly available accounts don't provide sufficient information to enable anyone, no matter how much time they invested, to arrive at our likely P&S figure.

As you point out Covid expenditure is hidden amongst other normal day-to-day expenses. Similarly expenditure on youth and women's football isn't shown separately either.

Not knocking it but Paul's article was simply an educated guess.

Jay Harris
90 Posted 08/11/2023 at 18:38:43
I should add that some stadium development costs would have been in there which can be capitalised and therefore not P&L too.
Michael Kenrick
91 Posted 08/11/2023 at 18:50:21
Yes, everything is secret, private, behind-closed-doors, with only the findings appearing at some point on the Premier League website. But I think the Premier League rules indicate that the disciplinary proceedings will be summarized for the clubs (or their chairmen) so it will be interesting to see how much detail is divulged at that point, and if any of it makes it out to Joe Public.

This one will surely be attracting a lot of attention, though, given high visibility and the level of scrutiny demanded by the relegated clubs who have supposedly threatened to sue. And if the penalty is not too harsh, they are going to be frothing at the mouth, demanding a full explanation.

Paul Ferry
92 Posted 08/11/2023 at 19:11:52
Danny O’Neill 66: "Pat, I don't like saying "I have it on good source".

Was that ToffeeWeb Danny? We already knew about that as it had been posted on here earlier.

Michael Kenrick
93 Posted 08/11/2023 at 19:33:48
Pat @54.

Thanks for sharing. It certainly got plenty of us talking and thinking about what it might look like…

But if someone told me some nugget like that well before it hits the streets, I couldn't stop myself asking "And exactly how do you know this???"

Depending on the reply: "I saw the draft document", "I'm sleeping with the guy who's been shagging the KC from the hearing", or the dreaded "Friend of a friend", that reply might just factor in on the veracity scales? Just sayin'.

[Perhaps this is why nobody ever tells me stuff like this!]

Tony Everan
94 Posted 08/11/2023 at 19:51:28
This is an interesting development today:

‘Premier League clubs to vote on banning loans between associated parties for January window. If approved, potential deals like Ruben Neves from Al Hilal to Newcastle will be blocked. Temporary measure until longer-term solution agreed ‘

It may adversely affect us if 777 Partners take us over.

Pat Byrne
95 Posted 08/11/2023 at 22:42:27
I reluctantly posted the original comment as I didn't want to run with a rumour that may or may not be true. I decided to share as I have had some previous experience with this person and he had also given me information that was very accurate re our late Chairman. This related to his health and I did not feel it right at the time to put it online. This was before any club statement on this issue. Like everybody else on here, I hope he is correct.
Danny O’Neill
96 Posted 08/11/2023 at 23:13:38
No Paul Ferry. Family.

I don't post stuff like that unless I have been given decent information, even though that is never guaranteed.

So no. Not from ToffeeWeb. Family and external media sources.

Mark Taylor
97 Posted 09/11/2023 at 01:31:06
It may feel uncomfortable with vultures circling us but, if rumours of other suitors are true, I'd personally prefer that rather than one scavenger feasting on us, unencumbered.
Alan J Thompson
98 Posted 09/11/2023 at 02:59:56
Michael (#81);

Fair enough but somebody else has suggested that we might be about £59M above P&S allowances and that, of the overall debt, we need only show the interest and the part of the debt to be repaid in that year.

So is it as simple as moving on those players on £70k pw and more and either sell one of our better players or borrow a further £70M, assuming we can meet the never-never terms without going fully down the road to ruin?

Whichever it is, an independent commission hasn't been appointed because all is well or the assistance of the Premier League has ensured Everton are within regulations.

Michael Kenrick
99 Posted 09/11/2023 at 08:59:54
Alan @98:

Yes, the debt servicing costs go onto the Profit & Loss calculation. I've seen various estimates of what these are and that £59M number may be for the current season, which is not (yet!) the subject of a P&S breach charge.

For comparison, the amounts given in the accounts for 'Interest payable and similar charges' was £10.473M in 2021-22, £9.043M in 2020-21, and £8,348M in 2019-20.

I doubt if the P&S breach can be rectified now by selling players, if that's what you are suggesting, although that obviously contributes to the P&S calculations going forward. I suspect what was considered by the independent commission was a lot more complicated, but Everton's cooperation with the Premier League for 2 years to try and avoid exactly this scenario should, you would hope, mean something?

Jerome Shields
100 Posted 09/11/2023 at 09:06:45
I simply have always thought the independent commission arose because the Premier League had to be seen to do something after making a statement in August prior to the final accounts, that Everton were within the guidelines, having gone through a monitoring process for two years.

The resignation of the auditor in conjunction with the report of the replacement auditor doing the damage. I did originally think there was a difference on figures, but on reflection, I do not think that was the case.

The Auditor Report simply blindsided the Premier League. They then pushed the independent commission into the long grass of October to allow more time to sort things out.

The 777 Partners agreement could be part of getting Everton over the line. After the commission findings, they may be no longer needed and other parties will come into the framework.

One thing we do not know is the exact terms of the 777 Partners agreement. I would hazard a guess that Everton are not that far out on the required figures as the Premier League had found in their original statement and that the sanctions will be proportionate with that.

But the Premier League will have to be seen to do something, even if the figures were not that far out originally.

Brian Harrison
101 Posted 09/11/2023 at 10:00:56
Michael @93,

While I absolutely understand why you are sceptical about the rumours circulating about the outcome of the commission's decision, the other week, Simon Jordan stated publicly that he said the Premier League's evidence in the first week was, in his words, very weak… but stronger in the second week.

So how did he know that? Because, like all meetings that are supposed to be private somehow find their way into the public domain long before the decision is made public.

So, while I don't know if what Danny posted is true or not, but Danny given his background doesn't seem the sort of guy that would spread a rumour unless he trusted where the information had come from.

Just like the Covid commission that is going on now, things that were said at the time and reported on, but which were denied by every Conservative Minister, such as the statement that Johnson said "Let the bodies pile high" rather than have another lockdown. We now know from officials inside Number 10 that he did say that.

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