How did so many Americans’ retirement money end up in Bermuda?

I see that 777 Partners have moved on to Blue Owl — are their chances as low as I think they might be?

I am relieved that I did not buy an annuity when I retired in South Carolina but I feel for those who did.

It looks deadly if 777 Partners were to get approval.

What a stinking mess...

If you merely scratch beneath the surface, it is patently obvious that they have to allocate resources to each 'operational mishap', and indeed withdraw their more valuable assets from risk of exposure to 'depreciation'. In other words, they have to constantly rob Peter to pay Paul to meet their operational costs, yet with an ever-diminishing pool of resources.

I really enjoy reading Paul he Esk's investigative work, and listening to the Talking the Blues podcasts...

All the best and good wishes.

PS Please thank George for the recipe! 😜🤣👍

Putting ordinary folks' life savings and retirement funds at risk is pure evil. I hope MSP knock them back on Monday.

Jamie and Mike and several others – looks like you have had this lot figured out from Day 1.

As Ed says, it has a derivates feel about it. Fueled by the baby boomers' pension pots, this will now be looked at closely by Government regulatory authorities.

Moshiri speaks very little but, when he does, it's with forked tongue and his insistence that 777 Partners are the people to take us forward when in fact they are the epitome of evil with regards to pillaging people's money.

Once Kenwright knew what damage had been done, he was probably glad to take the easy way out – just like a lot of greedy fuckers do in the financial world when the truth comes out.

Maybe it's best for us all to take the hit of administration and start afresh in the lower leagues where we can watch the Premier League implode on itself.

I guess I'm in the minority but I thought Kenwright was a charlatan from the get-go. Simply put, he had no money to fend off the Johnson takeover. Then, when Johnson had financial trouble, he swooped in with a consortium of mugs who combined never had the Johnson capital.

I never liked him. I never trusted him. His lies are well documented. I guess he got out at a convenient time before his house of cards crashed down.

I don't think you are in the minority, I agree with everything you said regarding Kenwright as I'm sure the vast majority of fans do as well.

Those with majority UK shareholders are in the minority. Even our owner is dual, holding a UK passport.

West Ham have a major shareholder in the form of a Czech Billionaire.

Considering his influence, I hadn't realised that Levy at Tottenham only has a 25% stake in the club.

As for Wolves, they are Chinese owned. Turn your phone off when you go to Molineux and don't use Tik Tok!!!

I suppose it took a few of us a bit longer to come around.

Similar to those who took time to realise Moyes wasn't taking us anywhere other than hitting the glass ceiling.

I suppose at the time, there was bad feeling amongst the support base against Peter Johnson and many welcomed the change.

As with any walk of life, no-one knows how it will work out. It didn't and his legacy has put us in a dangerous position after decades of neglect interceded by optimism and then blowing the money.

He was out of his depth. Moshiri is / was out of his depth. Bill should have gone the moment he brought Moshiri in. Moshiri should have brought in a competent board.

But our silent owner seemingly continued to be influenced by Kenwright.

All hindsight but I still can't forgive them for the treatment and false accusations given to the supporters.

There is also an interesting post on X by Citizensuberbia setting out a way forward as happened with AC Milan when it was in a similar mess.

It has the feel of a legalised Ponzi scheme to me?

Everton / 777 / MSP:  A Way Forward?

We all should have got together and forced Moshiri out once he made it known that Rafa Benitez was going to be our manager. Same with Kenwright getting away with all of his shenanigans because looking back we allowed it to happen.

I hate mentioning those lot across the park but they would not have stood for it.

Barclays took control and identified FSG. Apparently they were 24 hours away from Administration when the deal was done.

Is this starting to sound familiar with our situation?

Whilst I have no information to back this up, I'm hoping that the expected default on the MSP loan may be the catalyst for a sequence of events to put us on a sounder footing with more stable owners.

Their fans did indeed help get rid of them and some were even willing to go into administration to see them gone. I know this because 3 out of my family of 8 are red and we spoke about it.

Hard to compare their situation to ours because they didn't have the Premier League strangling them at the same time but I would love the outcome to be the same and somebody with brains takes over.

Pete 20, I feel for you having 3 of that lot in your family. Hopefully the other 5 are all Blues!

My immediate family are all Everton. My sister's husband is red with two of his sons likewise. The other son is an Everton season ticket holder.

Likewise with my extended family and cousins. A mix of blue and red.

It makes family gatherings entertaining!

Kenwright and his own acolytes are the only personally successful ones in terms of personal income (step forward Sharp, Barrett-Baxendale and others).

It has long been recognised by other genuinely savvy accountancy sharks that we are a basket-case all but demanding to be devoured by nefarious accountancy sharks with know-how.

Hence we are in the gob of 777 Partners.

We're fucked – for years at best.

Thanks, Kenwright.