08/05/2024 70comments  |  Jump to last

Updated Farhad Moshiri met 777 Partners in London this week as the Miami-based firm's legal jeopardy intensifies and further doubts have been cast over their ability to complete their proposed takeover of Everton.

According to Sky Sports News correspondent, Alan Myers, the Club's majority shareholder held face-to-face talks with Josh Wander, with further discussions planned as he "seeks clarity" over the status of the deal and 777's ability to get the deal over the line.

However, the indications from Myers are that "there are serious doubts around the 777 Partners acquisition within the Club" and Paul Joyce of The Times reports that Moshiri is considering teminating the deal he struck with Wander and his company last September.

The news comes amid calls from the Everton Fan Advisory Board and the Club's Shareholders Association for the Monaco-based businessman to end the "farce" of an eight-month takeover saga and invite other bidders to the table.

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According to the Liverpool Echo's sources, who would not disclose the full nature of the talks, the two parties are hopeful of reaching an outcome before Saturday's final home game of the season against Sheffield United and if Joyce's information is correct, that could mean Moshiri breaking off the agreement he reached with 777 in mid-September last year.

To date, 777 Partners have provided in excess of £200m in loans to provide working capital for day-to-day operations and further construction of the new stadium at Bramley-Moore Dock. However, the origin of those funds and the company's reliance on US insurance outfit A-CAP were questioned in a lawsuit filed in New York by two London-based companies accusing 777 of "double-pledging" assets. 

A-CAP's moves to reduce its exposure to 777 Partners' assets, beginning last month with their reinsurance subsidiary 777 Re, suggests that a primary source of the capital Wander and company have been using to fund their acquisition of majority stakes in a number of football clubs could now dry up.

That has left 777 scrambling to find a minimum of another £220m to satisfy the conditions set by the Premier League before full approval of their buy-out of Moshiri's shares can be granted. 

Meanwhile, 777-owned Standard Liege have been hit with a third transfer ban in less than 12 months due to missed payments last month anid reports that club representatives can't even get in touch with 777 and players are likely to unpaid for the remainder of the season.  


Reader Comments (70)

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Christine Foster
3 Posted 08/05/2024 at 12:31:18
I suspect the meeting between Moshiri and 777 should be a formality in that the first and only relative question will be: "Have you got the money?"

If not, the supplemental follow-up is: "When?"

And the response will be: "Then we will see what the advisers advise, but I must inform you in the interest of the club, we will have to seek a solution from any other interested party. Unless we do so the club faces administration."

It's Jerry Maquire time.

Frank Crewe
4 Posted 08/05/2024 at 13:41:35
Mike Hayes,

Since the Premier League haven't given Moshiri or 777 Partners the go-ahead, I don't see how any deal can be sorted by Saturday. If they try it, the Premier League will block it.

Jay Harris
5 Posted 08/05/2024 at 15:02:32

I wish that were true but I have a feeling it will be more like.

"Okay, guys, I am getting a lot of pressure – how can we get the funds to make this happen? Uz is keen to get this over the line so, if you need any help, we are there for you."

Mike Hayes
6 Posted 08/05/2024 at 15:27:28
Frank Crewe,

Hopefully that won't happen and there are genuine buyers ready to step in.

After the dust settles, Moshiri and Kenwright should be airbrushed out of our history.

The only saving grace – if it remains ours – is the stadium. Fingers crossed all turns out well.

Kieran Kinsella
7 Posted 08/05/2024 at 15:30:55
And the Brain of Britain prize goes to "Sources within the club," for having "serious doubts."

What was the very subtle clue or key piece of evidence that led Moshiri and his cronies to realize there may be some reason to question 777 Partners' credentials?

Jerome Shields
8 Posted 08/05/2024 at 15:34:55
Sorry but I do not have any confidence in a meeting between Moshiri and 777 Partners. They both lack credibility or substance. Anything that arises out of that meeting will be bullshit, like the reports of what the meeting is about.

Moshiri has hocked Everton to the limit, what he actually owns is worthless. 777 Partners have hocked everything they own beyond the limit.

They both may try to put forward a restructuring plan, to gain relevance and creditability, which will be worthless because, for a restructure plan to work, the recovery specialist has to have a direct substantial equity interest and be capable.

Both Moshiri and 777 Partners have neither and would have no credibility with other creditors at Everton. It is only when a creditable and capable recovery specialist with substantial equity interest emerges that Everton will move forward.

There will be more cowboying about, as what is happening at the moment. It looks like Everton will have to travel further down the road to administration for serious, worthwhile and difficult conversations to take place.

Len Hawkins
9 Posted 08/05/2024 at 15:46:01
I wish this charlatan had never set foot in to Goodison Park.

Yes, he has spent money… but not to the benefit of Everton – most of it by the failed managers he brought in. If this goes through with these gangsters, then I'm afraid the name of this great club will be dragged through the gutter.

Other than making Kenwright a very rich man, everything he has touched has turned to well-rotted manure. I wish he would take his or Usmanov's money and run – don't look back, just keep going!

I have had a lot going on in my life over the last couple of years, from losing my wife of 48 years to suffering depression, having knee replacements… to keep reading each twist of the knife he has kept sticking in the heart of Evertonians all over the world.

As we teeter on the block with a noose around our necks, hurry up, get on with it, save our suffering, and kick it from under us.

Moshiri has done immense damage to an institution – this isn't just a football club he has ruined, it is the heart and soul of everyone who was born, invited, or just on a lucky Saturday out to Goodison Park who have been ripped apart.

He will point to the new stadium at Bramley-Moore Dock as his baby – the least he can do is tell us where he has hidden the money to pay off the final invoice – or is that going to be ripped from our dreams too.

Steve Brown
10 Posted 08/05/2024 at 15:50:42
I would think the chance of 777 Partners completing this deal is zero.

Moshiri needs to accept a smaller return from an alternative bidder; otherwise, he could end up with nothing.

Roger Helm
11 Posted 08/05/2024 at 16:09:28
Sorry to hear of your travails, Len. Certainly, the crooks, charlatans and incompetents who have plagued our club over recent years haven't made anyone's life easier (apart from their own, that is).

The more I read about Everton's finances, the more confused I get, so it would be no good me offering an opinion. When the dust settles, at least we will have a football club, though heaven knows what state it will be in and where.

And far from airbrushing Kenwright and Moshiri out of history, we and everyone else in football should hold them up to shame as an example of what can happen with the wrong owners.

Andrew Clare
12 Posted 08/05/2024 at 16:12:07
It seems that Moshiri is hell-bent on getting this deal with 777 Partners over the line. He couldn't give a toss about the club and its fans.

Jerome is right: the meeting with Moshiri and 777 Partners this week will just result in more inconclusive bullshit.

Jerome Shields
13 Posted 08/05/2024 at 16:30:39
Len #10,

Out of frustration and despair, both transient things, Everton and Evertonians will be reborn with new words and new powers.

Prophecy is an affliction of the articulate – or inarticulate often in my case. But Everton will have built a character which enabled them to get through a season like no other club in history did. So the question is why should it stop now?

Sorry to hear of the life stage trials you are going through but you seem determined to keep standing. We need more people like you.

Neil Lawson
14 Posted 08/05/2024 at 16:45:45
This is pure PR nonsense. I believe that very little of what is being disclosed is either accurate or true.

Every day brings a new reliable account of 777 difficulties evidencing a complete lack of accessible funds. I genuinely feel that Wander and his cronies are just chancers, or worse, but they will cling on as long as they possibly can to feed their own egos and to try to support their other failing ventures.

Unfortunately, Moshiri has shown himself to be just as inept without the courage nor the acumen to call time. He must be absolutely desperate. Any other proper businessman would have ditched 777 Partners a long time ago.

Denis Richardson
15 Posted 08/05/2024 at 16:54:15
The one positive to take is that it looks like pressure is being ratcheted up — so a resolution, of whatever kind, is getting closer.

Things must be getting pretty desperate on the 777 Partners front albeit I'm not sure how they get their £200M back if they can't complete the club purchase.

I imagine there must be a fair few vultures circling the wounded animal that is Everton.

This really should be a Netflix blockbuster but I doubt even half of the real goings on will ever come to light.

James Hughes
16 Posted 08/05/2024 at 17:07:41
Moshri seeks carity and 777 Partners have confirmed that he does not know his arse from his elbow.

They have now sent a doctor to Moshri and charged him £5M just so the doctor can confirm that a prostate is one end and a humerus the other.

Alas nothing humerous with our situation…

Gavin Johnson
17 Posted 08/05/2024 at 17:46:28
Paul Quinn reckons this meeting is bullshit and just another Moshiri and 777 Partners tactic to placate and keep kicking the can down the road.
Kevin Molloy
18 Posted 08/05/2024 at 17:59:37
I wonder whether Wander will now wander away…?
Colin Malone
19 Posted 08/05/2024 at 18:00:54
It was Usmanov money in the first place.

He has got to be involved.

Alan McGuffog
20 Posted 08/05/2024 at 18:05:46
What a crock of shite.
Mark Ryan
21 Posted 08/05/2024 at 18:11:29
I hear the main man Josh Wander lives in Miami and has a mortgage on his house, is that true? Not even a millionaire?

Is he simply playing a game for Usmanov? 777 Partners buy the club but actually it still belongs to Usmanov. We are a joke…

David Vaughan
22 Posted 08/05/2024 at 18:12:35
We are doomed, morally or actually, if this proves true. What an utter car crash.
Alec Gaston
23 Posted 08/05/2024 at 18:32:35
Mark @22,

I agree the whole thing feels like a charade to enable Usmanov to fund the stadium.

I can't work out why though.

Hector Blaukugel
24 Posted 08/05/2024 at 18:34:30
I wouldn't trust Moshiri to go the shop for ciggies for my Nan.

The club needs a complete reset, 777 Partners shouldn't be anywhere near it. Standard Liege are in Shit Street with them.

Derek Taylor
25 Posted 08/05/2024 at 18:56:05
Moshiri can't walk away from all the shit he has created with 777 Partners until his boss in Moscow gives him the word.

I can see no chance of Usmanov getting access to his money whilst his country remains at war, so why not cause chaos in the West?

Only Everton could get embroiled in this situation,

Thank you, Bill.

Pat Kelly
26 Posted 08/05/2024 at 18:57:32
Moshiri doesn't want to provide further funds to Everton or repay 777 Partners the £200M they've provided to keep the lights on. 777 Partners can't seem to raise the funds to repay the loans the Premier League say they must, and show how they are going to fund Everton going forward.

How could any future plan from 777 Partners be given any credibility? They're surviving from day to day shuffling other people's money around.

The game is up and Moshiri has to call them out. Will he refund their £200M? They can't convert it into shares if they don't acquire the Club. Have they any security against it? Maybe Moshiri's yacht.

Jerome Shields
27 Posted 08/05/2024 at 18:59:36
Denis #16,

Yes, Netflix will be next or maybe even ITV. Looking forward to seeing Michael, Lyndon and Paul the Esk in the flesh.

John Raftery
28 Posted 08/05/2024 at 19:02:59
This is a weird situation. Presumably Moshiri thinks he is acting in his own best interests.

Only he knows what game he is playing but, from the outside, it feels like the financial equivalent of taking the ball to the corner flag to waste time even though the team is losing.

Paul Ferry
29 Posted 08/05/2024 at 19:45:30
"I imagine there must be a fair few vultures circling the wounded animal that is Everton".

I hope so, Denis, mate.

Roger Helm
30 Posted 08/05/2024 at 19:47:03
OMG we are being bought by a man with a mortgage? He doesn’t have a Salford accent does he?
Mark Ryan
32 Posted 08/05/2024 at 20:11:08
Sky Sports headline news, Kaveh Solekol seems very animated.

He says our new stadium is already worth £1 billion. He says there are clear options available to Farhad Moshiri.

Let's hope 777 Partners get a big thumbs down and quickly.

Nick Page
33 Posted 08/05/2024 at 20:22:46
I swear down Kenwright will turn up in a coffin any day now, flanked by Chris Samuelson and Keith Harris, telling everyone the cash is in the dog, the Kings Dock money is ring-fenced and Denise Barrett-Baxendale still has a sore neck.

All Evertonians should shut up and be grateful he's still running the club because there is no bigger Evertonian than him. And he's still taking calls from other Premier League clubs seeking his safe-like advice, because Everton always get it right.

Round and round we go…..

Tony Abrahams
34 Posted 08/05/2024 at 20:40:49
Like Leonard Rossiter in Oliver Twist, Nick.

Something about Bill Kenwright's death leaves me feeling really quite uncomfortable.

Gavin Johnson
35 Posted 08/05/2024 at 20:47:08
If the stadium is now worth a billion, I would imagine the £1 billion deal to buy the club and pay off Moshiri, 777 Partners, MSP and Co wouldn't be insurmountable if Deloittes and Cahill are talking to Qatar and if they do hold any interest.

Let's keep our fingers crossed.

Bill Hawker
36 Posted 08/05/2024 at 20:53:02
The Standard Liege situation alone should tell anyone with any common sense whatsoever that we need to swerve any future involvement with 777 Partners. No one, and I mean no one can come up with a reasonable scenario that involves them at this point.

Moshiri doesn't need any clarification, nor do we. Even a bare modicum of due diligence here demonstrates that they aren't the right fit for Everton.

Move on.

Colin Glassar
37 Posted 08/05/2024 at 20:58:41
Smoke and mirrors this one. Between The Esk, Myers, Wyness et al my head is spinning. Please stop the world, I want to get off.
Christine Foster
38 Posted 08/05/2024 at 21:11:34
Tony, when it's dark and a full moon, you can hear a flapping sound over the new stadium at Bramley-Moore Dock. Beneath the pitch is a vault that is accessed from behind a wall in the Directors Box, steps lead you down, down. A ⚰️ sits in the corner, it's lid partly off... it's empty.

Farad Van Helsing clutches his cross with one hand, a stake in the other... too late again. Will he ever lay that blood-sucking horror to rest?

Meanwhile, a sound of merriment is heard on the silent river. In the moonlight, a shimmering ship, the Royal Iris, sails by, empty, destined to forever play Blood Brothers on its stage, its lights fading in a sudden fog.

The natives are restless, fear in their eyes, they are cursed, the blood-sucking vampire has drained the life from them all, meanwhile in the moonlight a cackle from the roof of the stadium can be heard, singing "If l were a rich man"…

The Mayor of the village, Masters no one, sits at his table and gorges on his feast before him, unaware that vigilantes are at his door, pitchforks held high. His time is nigh...

Meanwhile, Farad Van Helsing realizes he is trapped, 777 of the walking dead are suffocating him, they have him in their grasp.

From afar, the Red Devil frowns, his plan is in danger, his allies few, but still he smiles… for no one will beat him, but little does he know of the plans afoot.

Jack Convery
39 Posted 08/05/2024 at 21:14:21
Moshiri needs hauling up before the FCA and asked what the fuck he is up to? Why haven't the Premier League said "Not on your fraudulent nelly are you fit to run EFC". However neither were Blue Bill and his bessie mates, Mosh the Dosh and Ushy the Rusky.

Place your bets, folks, as to where and when this all ends.

Christine Foster
40 Posted 08/05/2024 at 21:24:01
Everyone likes a good horror story, unless you're in it.
Phillip Warrington
41 Posted 08/05/2024 at 21:25:24
This is bullshit. Why is the club even thinking about this?

Standard Liege hit with transfer bans and all the other 777 businesses have been hit due to failure to pay the basic necessities.

And we are contemplating them running our club, for fuck's sake... when does this farce end???

Stephen Davies
42 Posted 08/05/2024 at 21:38:19
From The Times, Paul Joyce, who usually has his finger on the pulse:

Farhad Moshiri is considering terminating an agreement with 777 Partners for the American company to buy Everton amid persistent doubts over its financial capabilities

Read the full story from @_pauljoyce ⬇️

Kieran Kinsella
43 Posted 08/05/2024 at 21:43:48

"Considering"? Does he have any choice but to "consider" given that they have failed to pay up, failed to prove they have money to do so, failed to meet Premier League requirements, and have more lawsuits than the Old Bailey?

Adrian Evans
44 Posted 08/05/2024 at 22:21:38
If we believe what we read, Mr Moshiri is acting, having had face-to-face meetings with 777 Partners.

My question would be this: Why haven't you paid Standard Liege players, staff? April, May and they have no money?? This is a football team.D id you not pay Standard Liege so you could pay me £16 million??

What is going on??? Pay the loans by Friday, satisfy the Premier League conditions by Friday or it's off. We will sort out the repayment of your loans in due course.

Mr Moshiri needs to then stabilise the club's finances. Talk to new potential buyers, cut another deal. Talk to all parties about the loans. Everton is an attractive prospect to the right buyers who have plenty of capital.

Let's hope as fans we can support the team. The present owner, who put his money up, got us a new stadium. Get behind the new owners.

Mark Taylor
45 Posted 08/05/2024 at 22:31:30
"Sky Sports headline news, Kaveh Solekol seems very animated. He says our new stadium is already worth £1 billion."

Then he can bid £800M, Moshiri will bite his hand off and he'll make a cool £200M.

Is this what passes for journalism nowadays? The stadium cost less than that to build, and it is pretty obvious the supply chain issues, inflation and high-interest environment has made it a bit of a white elephant.

I posted on the other thread a theory that I'm believing in more. I think Moshiri may get more out of an administration than a sale, provided we are still in the Premier League. So string things along, hold talks, and then, if we are 9 plus points clear at the end of the season, call the talks over and stick it into administration.

Moshiri does not care two hoots what's left behind afterwards...

Derek Thomas
46 Posted 08/05/2024 at 23:31:40
How long before the penny drops and he actually sees it – should've gone to Specsavers.

Mark @ 44; the trouble is we've passed the watershed for administration – any penalty goes to or comes off, to be strictly accurate, next season's total.

Also, and I stand to be corrected, but if you stray into and then, however quicky out of administration, you don't get those 9 points back?

Mike Gaynes
47 Posted 08/05/2024 at 23:45:38
In his usual timely manner, Moshiri is shutting down 777 Partners.

He has also decided to sack Ronald Koeman, sell Schneiderlin and not to count on Usmanov's money.

The man is a decision-making dynamo.

Christine Foster
48 Posted 09/05/2024 at 00:04:59
Don't worry, Mike, he's just about to ring his mate Bill and ask him what he should do...
Mark Taylor
49 Posted 09/05/2024 at 01:06:56
Derek @45

I stand to be corrected but I believe points deductions for P&S have passed the point of no return for this season but I don't believe that applies for administration, because there are no facts to be ascertained, it is self-evident, and the points deduction, fixed at 9 points, is I believe, immediate.

Moshiri might be cannier than we think…

Eric Myles
50 Posted 09/05/2024 at 01:51:55
Kiran #43,

The Old Bailey is a criminal court so would have had no lawsuits heard there.

Danny O’Neill
51 Posted 09/05/2024 at 04:35:11
I have no clue what is going on.

Is Moshiri playing "who blinks first"?

Is he trying to entice other bidders?

Will he bite the bullet and find something in his pockets?

Is Usmanov lurking in the shadows from afar?

All I have are questions I'm afraid. The one thing missing, unsurprisingly, is communication from Moshiri.

Jerome Shields
52 Posted 09/05/2024 at 06:32:08
So he is going to pay them back all monies that Everton owe 777 Partners? Those loans are part of the agreement.

Oh wait… he is 'considering' …

Greg Daly
53 Posted 09/05/2024 at 06:36:44
At this stage, I can't help but feel the Premier League would be culpable if 777 Partners were allowed take over, and wonder whether they could in any way be held accountable – indeed, whether this could apply to the delay?

It's surely obvious that 777 Partners are not appropriate owners. Not from a point of view of morality. I mean, top-flight football being a plaything for the corrupt rich as a matter of course now, but from mere competence. They simply don't seem up to the job.

Michael O’Brien
54 Posted 09/05/2024 at 06:59:22
The deal with 777 Partners will collapse as it won't get Premier League approval, and they don't have any money clearly.

We will go into administration, then the vultures will descend and we may be bought for a song. Unfortunately, the longer that takes, the more of our assets will be sold off by the administrators to satisfy the creditors we owe…

Truly dark times; we have “circled the drain” for too long, we really could be on the brink of extinction.

Christine Foster
55 Posted 09/05/2024 at 07:15:20
Greg, interesting point.

If the Premier League are gatekeepers, holding the decision to approve or not, They are accepting that sole decision-making responsibility and as such should accept they are solely responsible for their decision and subsequent events which occur as they have failed to protect the club.

Jerome Shields
56 Posted 09/05/2024 at 07:30:10
Christine #56,

I think the Premier League are taking up the time-honoured position of all regulators, of being faceless and stating conditions that have to be met. They will not get involved in operational details. If their rules are broken, the club concerned will be referred to an independent commission.

Of course Evertonians have exposed them as being neither faceless nor independent, but that will not stop them continuing on the same path.

In all cases involving regulation, the common outcome is regulation is always too late. Blame may be attributed if an independent Government enquiry is held, but that could be years down the line, if ever.

An independent football regulator would act exactly the same, though in their case, being independent, might mean something. I do stress 'might'…

Christine Foster
57 Posted 09/05/2024 at 07:59:30
Jerome, yep get that, but this isn't necessarily a case of broken rules but more a subjective decision based on what they, and they alone, consider to be fit and proper potential ownership.

I agree that, if owners were not to meet the stated requirements, then it's a straightforward call, but should an Arab state (or Russian for that matter) meet financial requirements, should they still be considered fit and proper?

Are not the Premier League accepting they have a duty of care also?

Jerome Shields
58 Posted 09/05/2024 at 08:08:39
Christine #59,

They will never accept 'a duty of care', even at the end of a very large bargepole. Responsiblity is a scapegoat at the end of a very long public enquiry.

Another way of putting it: If the government gets something wrong, it is a mistake; if you get something wrong, it is fraud.

Anthony Flack
59 Posted 09/05/2024 at 08:11:39
There is an earlier comment that Moshiri may get more out of administration than a sale – on what basis is that thought founded on?

I'm sticking to my guns and repeating that we will avoid administration whilst he has any money left (and he has billions)….

It's a poor analogy – and apologies for anyone who has been through it – but it's like handing the keys back to the bank when you can still afford to pay the mortgage…. It is a bad idea; you lose – not the bank (or occasionally, both lose).

Christopher Timmins
60 Posted 09/05/2024 at 08:50:24
We should always thank the man who brought Moshiri to Merseyside!
Mark Taylor
61 Posted 09/05/2024 at 10:46:43
Anthony @59,

I made that suggestion, albeit not with any great degree of conviction, but it might be true and one thing it would do is at least partially explain why Moshiri is stringing out a bid that for most people appears dead in the water.

Doing so provides some sort of defence against a director's key obligation – not to trade an entity which you know is insolvent and unable to meet its day-to-day obligations (or paying the mortgage, as you put it).

The possibility revolves around the seniority of debt, specifically Moshiri's versus 777 (and possibly the other parties), and also the role of an administrator whose priority is very much based towards the creditors of which Moshiri is one, in fact the biggest.

It is not really similar to having your house re-possessed, it's a bit more multi-faceted. For example, in administration, I would expect to see all players with decent value (Onana, Branthwaite, Pickford) sold. Unless your house is full of Picassoes, that option does not exist.

It's more of a suggestion than an assertion that this is his plan but, unlike you, I don't actually believe Moshiri does still have liquidity of billions. I think he has no more resources he is willing and/or able to commit to the club; this is his cut-off point.

Eddie Dunn
62 Posted 09/05/2024 at 11:38:09
Kenwright found us Moshiri. Moshiri has clearly lost his financial backer and is now desperate to reduce his losses.

Every twist and turn reveals more unsavoury characters in this cesspool of money laundering. It's a dirty tale of greed and lies.

Simon Jones
63 Posted 09/05/2024 at 11:55:34
"Administration" is bandied about like it is a cure for our ills. It will be a total nightmare:

- 9 points deductied next season
- best players sold
- miracle-worker manager would likely leave
- loads of redundancies of non-playing staff
- Women's team likely finished

League One would beckon and the only people it potentially benefits are the next owners of the club. It's not as if there aren't several clubs who went into administration from which we can draw parallels.

Graham Fylde
64 Posted 09/05/2024 at 12:27:42
For what it's worth, my growing belief is that the likely outcome is an MSP led consortium or coalition, possibly with Moshiri still invested, possibly not.

Using first principles, administration works for none of the invested parties. Even MSP, secured against the new stadium, loses control over its position because the terms anybody imposes to bring us back out are not known.

They gave 777 an extension to meet the repayment – it doesn't look likely, does it? But they won't have been idle in that month and they will have noted that we retained our Premier League status for next season in the hiatus while the PSR position is substantially known.

The debt is an obvious problem but, if they convert their £160M to equity and Moshiri accepts that he will never see the return 777 Partners offered, it becomes easier to either formulate a debt repayment plan (Teneo currently employed by Farhad Moshiri) or look at further investment and long-term refinancing – I'm sure they will be ahead of the curve.

The other reason I could see it happening is that EFC have 3 main sources of income (TV, matchday & commercial). TV is part of the Premier League deal, matchday will get a giant uplift with the new stadium at Bramley-Moore Dock, and commercial has been stagnant for years.

Sorry for the stereotyping but the Yanks are good at leveraging commercial deals and there will be a lot of low-hanging fruit with an asset like EFC with history, topflight football, and a new waterside stadium. I am hoping anyway!

Trevor Powell
65 Posted 09/05/2024 at 13:39:49
On BBC Football today about 777 and Standard Liege!

"Everton deserve better than 777 Partners and the current situation that the majority owners have overseen at Standard Liege is "a complete disgrace", according to Belgian journalist Sacha Tavolieri.

Speaking to the BBC's Total Sport Merseyside show, Tavolieri said: "The situation is quite clear - all the employees of the company are not paid".

Read more here

Alan J Thompson
66 Posted 09/05/2024 at 15:11:45
On the plus side, if 777 complete the takeover and Everton then go into administration, we can appeal the points deduction on the basis that the Premier League, like Russia's invasion of Ukraine, should have seen this coming.

The Premier League Executive also make me wonder if Everton are the worst run football organization or just the longest running.

Anthony A Hughes
67 Posted 09/05/2024 at 15:56:01
It's often reported in the media that Moshiri has piled in half a billion pounds into our football club.

On the face of it, all he's done is take on loan after loan after loan and all the Sky and TNT money thrown at us.

Has he really funded us out of his own coffers or just been there as a payday loan guarantor?

Some accountant.

Jay Harris
68 Posted 09/05/2024 at 16:25:59
Anthony, to be fair, Moshiri paid off the loans inherited from Kenwright and put a lot of his own money into the club (something Kenwright has never done), including building the new stadium.

His biggest problem was leaving the running of the club to the self-serving idiot whose vanity and ego trumped everything else, and then interfering when he could see things weren't right.

Moshiri is just an incompetent fool who obviously made his billions through being a front man for Usmanov but I feel he always did what he naively thought best for the club whereas the conman did everything for his own gain.

We are now in a situation where the culmination of their joint incompetence puts us in severe financial difficulties.

Kieran Kinsella
69 Posted 09/05/2024 at 16:33:00
The Sun's headline is "Eunuch Maker Jailed".

I haven't read the story but suspect this is something to do with Everton.

Tony Abrahams
70 Posted 09/05/2024 at 17:31:36
There is no way in the world that the Premier League will ratify 777, so what next in this very long running saga?
Bobby Mallon
71 Posted 09/05/2024 at 22:24:23
It's like a Guy Richie script is Everton.
Mark Taylor
72 Posted 09/05/2024 at 23:03:02
Simon 63

If you are referring to me bandying around administration as a cure for the club, then let me be clear, it might (only maybe) be a partial cure for Moshiri but, while we will remain in the Premier League for at least next season (assuming it's done while we are 9 plus points clear), it will indeed be bad for the club. Best players sold pronto, for example. It will be a shell of a club remaining.

Laurie Hartley
73 Posted 09/05/2024 at 23:04:48
Graham # 64 - I think your suggestion makes sense and has merit.

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