14/05/2024 120comments  |  Jump to last

777 Partners' bid to buy Everton is still alive, after Farhad Moshiri extended the sales and purchase agreement with the firm until the end of this month.

A statement by the Everton Fan Advisory Board based on communication from interim CEO Colin Chong, has confirmed  a report in The Telegraph that Moshiri is holding the door open for 777 despite the Miami private equity company having failed over the course of eight months to satisfy the Premier League's conditions for approval of the buy-out.

777 Partners co-founders, Josh Wander and Steve Pasko, first struck an agreement to purchase the Anglo-Iranian's 94.1% stake in the Club in mid-September, with a projected timeline of 12 weeks to complete the deal.

However, after the situation dragged into the spring of this year, Moshiri and MSP Sports Capital set a deadline of 15th April for 777 to meet the most onerous of the conditions, namely the repayment of a £158m to MSP, a target they failed to meet.

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That deadline was extended for an undisclosed period of time, thought to be a matter of weeks, and though Alan Myers of Sky Sports has tweeted that Moshiri "had some doubts over the deal", it now appears as though Moshiri has set a hard date of 31st May.

Should 777 Partners fail to complete the takeover, Moshiri will "progress alternative scenarios".

Those doubts over the embattled firm's abiity to get the deal over the line remain significant, however, as they grapple with their own financial problems.

Last week, 777 called in crisis management and bankruptcy experts to assist with “various operational challenges”, as they were hit with arguably the most severe of the civil lawsuits against them in the US the form of an allegation of fraud to the tune of $350m from London-based Leadenhall Capital Partners.

In the interim, there have been reports that MSP, who were close to purchasing a 25% stake in Everton last August before the club's primary creditor, Rights & Media Funding, balked at the terms, were exploring fresh takeover proposals.

Sources claim, however, that privately there is little desire on MSP's part to own the Club outright and they may seek, through Evertonian businessmen, Andy Bell and George Downing, other investment partners if they are to proceed with injecting further capital. 

At the same time, Bloomberg's David Hellier, who has done a lot of reporting on the situation regarding Everton and 777 Partners, writes today that the Blues could be offered a £150m loan from GDA Luma Capital, another private equity outfit who specialise in "distressed debt".

GDA Luma are the same lenders reported to be talking to 777 about providing them the capital to complete their takeover of Everton but the inference here appears to be that this loan would be independent of that and though reports claim it would provide the Club the funds needed to complete construction at Bramley-Moore Dock, Evertonian finance expert The Esk insists this would be used to repay MSP instead. 


Reader Comments (120)

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Paul Hewitt
1 Posted 14/05/2024 at 17:37:36
Seriously what's the point anymore?

If 777 Partners take over, we will not be going in 12 months time. Moshiri is pathetic.

Stephen Davies
4 Posted 14/05/2024 at 17:40:57
Transfer window opens 14 June...

Would any takeover by anyone be ready to complete by end of transfer window in August?

Bill Fairfield
5 Posted 14/05/2024 at 17:41:19
I think the word nincompoop just about sums up our current owner.
Mark Ryan
6 Posted 14/05/2024 at 17:42:27
Stinks of corruption to me. I suspect Usmanov has Wander on speed dial.

Corruption. Cannot be anything else. Moshiri is a crook.

Steve Dowdeswell
7 Posted 14/05/2024 at 17:44:39
And in the meantime we have an owner that refuses to put anything into the club to keep it afloat and seems happy to watch us wallow towards administration and possible extinction.

Thanks, Mr Moshiri!

Paul Washington
8 Posted 14/05/2024 at 17:45:44
There's none so blind as those who won't see.
James Alder
9 Posted 14/05/2024 at 17:46:14
There has to be something going on in the background, it makes no sense for Moshiri to continue to deal with 777 Partners.

He's made mistakes sure, but I don't think he is stupid. Why would he continue to try and sell the club to an outfit that don't appear to have the money?

Nick White
10 Posted 14/05/2024 at 17:51:05
Can kicked down the road again.
Andrew McLawrence
11 Posted 14/05/2024 at 17:58:53
This ongoing saga will make fighting relegation for the last few years seem like a walk in the park. I have a very bad feeling about what might happen.
Mike Gaynes
12 Posted 14/05/2024 at 18:00:10
Privately, however, it is felt that there is little desire on MSP's part to own the Club outright...

Privately? Lyndon, is that from a media outlet or your own source inside the club?

Adrian Evans
13 Posted 14/05/2024 at 18:04:44
Are 777 Partners hoping to stay in the game until the transfer window opens? 14 June, fire sale £300 million, wipe out the squad.

Get paid for TV money, prize money for finishing 16th. All of a sudden, 777 Partners have £600 million to play with.

Everton, £1.2 billion in debt, we will drown under the sea of debt.

Football team, squad wiped out.
Moshiri is selling to 777 as they are giving him £500 million for his 94.1% of EFC shares and taking on his debt.
None of other buyers will give him a bean.

Something is cooking or it’s not Moshiri's decision, is Alisher Usmanov calling the shots.??

We are in deep doo-dar, us Everton fans. Is there any way we can influence things if we acted together?

If the Fan Advisory Board organised us? If 35,000 of us stood in Stanley Park, no re sale season tickets, no buying tickets.

If we did that enough times, they would have to listen.

Jarmo Rahnasto
14 Posted 14/05/2024 at 18:05:39
I think it’s clear that Moshiri wants to continue this saga with 777 because he will get more money from them comparing to any other alternative. That crook only cares about himself, not Everton.
Lewis Barclay
15 Posted 14/05/2024 at 18:07:37
Whenever I see these articles one thing just keeps going around in my head:

“Moshiri made a living by being an accountant”

Derek Knox
16 Posted 14/05/2024 at 18:13:04
If any of us haven't realised already, and I more or less suspected from early on, Moshiri doesn't give a shit about Everton, he just wants what's best for him, and possibly Usmanov.

Also trying to get out of a 'possible contract' on him?

As Lewis said above 'Accountant'?

Lyndon Lloyd
17 Posted 14/05/2024 at 18:22:40
Mike (12), I've re-worded it slightly. I'm not sure if any media outlet has specifically claimed that (there have been so many reports on this in recent days and weeks that it's starting to make the old noggin spin!) but the general sense from those with their ear to the ground is that MSP don't want to go all-in because of the amount of debt involved.

My feeling is that Moshiri is giving 777 Partners one last chance to get the deal done because he stands to make the most from them. If true, it would very much be out of cynical self-interest because it would put Everton at huge risk if or when the 777 house of cards falls.

I would really like to see MSP build a consortium of solid backers and buy the Club, start to clean house and put us on a solid footing.

Colin Quayle
18 Posted 14/05/2024 at 18:23:55
I guess it's all fine with the Crooked Iranian to sell to another bunch of crooks who are being sued and taken to court for massive fraud.

Once we reach 31 May, we expect another extension of a few weeks to allow for the sale of all of our best players then funnel that cash to Stevie Wander to complete the takeover.

Once they own EFC, they can leverage off us...

Darryl Ritchie
19 Posted 14/05/2024 at 18:40:01
We're doomed!! Doomed I tell ya!!
Mike Gaynes
20 Posted 14/05/2024 at 18:47:03
Lyndon #17, thanks. That's been my feeling too.

DK and others, are you surprised? Of course Moshiri, once forced to sell, would prioritize the best possible return for himself. Wouldn't you in the same position? Why would anyone expect otherwise?

Colin #18, he's not a Crooked Iranian. He's a Crooked Brit. He's been a UK citizen for 45 years.

Colin Glassar
21 Posted 14/05/2024 at 18:52:43
This is all dodgy as hell. The fraud squad, organised crime unit, the flying squad, MI5, special branch, all of them need to get involved.

I can see people going to prison once this cesspit of corruption is uncovered.

What on earth did we do to deserve this new axis of evil (Kenwright, Moshiri and Usmanov)?

Duncan McDine
22 Posted 14/05/2024 at 18:55:43
We need to call out Moshiri. Absolute fraud and not acting in the interest of the club which he is legally obliged to do. Scumbag of the highest order.

146 years of history and what kind of future for our club?

Brian Harrison
23 Posted 14/05/2024 at 18:57:50
I can't see what this extension is meant to achieve. Does anybody believe that, in just over 2 weeks, 777 Partners will be able to prove to the Premier League that they are fit and proper people to take over Everton? They have so far pumped in £208M and have still failed after 8 months to convince the Premier League of their suitability.

But let's assume that from somewhere they somehow get funding to show the Premier League they have the wherewithal to fund the takeover. They would basically have to sell every saleable first team player who commands a fee, and would probably lead to Dyche walking.

So fighting to stay in the Premier League for the last 3 years will count for nothing, as the club will be on its knees if this charade sale goes through.

Shaun Laycock
24 Posted 14/05/2024 at 19:22:21
I have a word for this... fuckadoodledandy!
Jason Brook
25 Posted 14/05/2024 at 19:27:04
Utter joke, 777 Partners are clearly not fit and proper owners.

I cannot believe the Premier League have not stepped in to stop this from happening. We need proper owners to guide us through this difficult time and to the new stadium.

Lyndon Lloyd
26 Posted 14/05/2024 at 19:28:17
Mike, it could also be that MSP are waiting this out until Farhad Moshiri gets desperate.

Once 777 Partners are out of the picture, he'll be faced with some tough choices: Administration, hanging on and having to put more of his money in (if he's even able to) or trying to exit with at least something rather than nothing – i.e. he'll have to reduce his asking price.

Danny O’Neill
27 Posted 14/05/2024 at 19:33:03
Just make a decision and sort it out either way.
Graham Fylde
28 Posted 14/05/2024 at 19:38:12
Lyndon #26, that has to be the hope.

MSP are canny operators and, from a negotiation stance, will keep a very straight face, I would imagine. As Moshiri called in Teneo several weeks ago, I assume he now knows what sort of non-777 deal there is and it clearly doesn't come close to the agreement with 777, albeit they can't deliver.

Another 2 weeks of stress!

Frank Fearns
29 Posted 14/05/2024 at 19:45:20
DK 16.

Of course Moshiri doesn't give a shit. Why should he?

We lived and were brought up with Everton running through us – breathed and lived it everyday. Highs and lows and more recent times gloomy lows but we continue to live and breathe Everton everyday – we wouldn't be writing on here otherwise.

Everton was a toy, now discarded by a filthy rich man. What else do you do with billions? Make more billions and buy the odd sea-going yacht. I doubt whether he even looks at supporters; if he does, he will consider us as bunch of misled morons. We mean nothing to him.

I am, like all of us, saddened by the state of our beloved club and what will happen in the future. It doesn't look good.
This season, we have been held together by a tide of emotions which Dyche and the players have absorbed and enormous credit to them for what they have done. However, this cannot be sustained without massive backup.

Nick Page
30 Posted 14/05/2024 at 19:47:20
Just fuck off. This is absolutely pitiful.
Julian Exshaw
31 Posted 14/05/2024 at 19:50:27
If you're selling your house, you don't care who buys it, you just want a quick sale.

Moshiri has no moral obligation to find the right buyer. That, sadly, seems to be the case here. A shame and shameful.

Mihir Ambardekar
32 Posted 14/05/2024 at 19:54:20
I read up an article in the Echo where it states that provision of capital to Everton was part of the agreement for Moshiri to sell the club to 777 Partners. These are contractual obligations to keep the agreement alive.

If 777 Partners face another default here, they will face a lawsuit, while they also probably realize that the best chance of getting their money back lies with them providing additional funding given that their £200m-plus is through unsecured junior debt, meaning they would be behind the likes of Rights & Media Funding Limited, Metro Bank, and MSP Sports Capital in the event of any administration proceedings.

Moshiri holds the cards here and is probably already in talks with potential buyers to iron out a deal. Administration is not on cards and 777 Partners won't get Everton in their portfolio – that is almost certain. Best chance for 777 Partners is somebody clearing this unsecured debt and rescuing us from hell to heaven.

Peter Mills
33 Posted 14/05/2024 at 20:02:53
If I thought Moshiri had the wit and intelligence, I would see this merely as a bit of brinksmanship, keeping “other potential purchasers” in the frame.

Worryingly, he has never demonstrated either characteristic.

Ian Burns
34 Posted 14/05/2024 at 20:15:34
Guesses, some admittedly educated, along with conspiracy theories, abound amongst every Evertonian, each and every one of us straining at the leash to know the truth.

I am no different but it's obvious to me that Moshiri, knowing he has presided over the worst performance at football club ownership, possibly in the history of the game, wants out with the best possible deal for himself and his Russian backer.

The problem is he can't step out because he doesn't have a deal on the table, so he has little option other than to kick the can down the road.

If he kicks out 777 Partners, he is left out in the open without a deal and no trousers. So he fastens his belt and buys time.

The time he is buying is possibly for MSP to get themselves into gear with a plan and new partners or investors, whilst Teneo restructure the finances so MSP can agree a position, and then both sides can meet in the middle.

31 May seems a reasonable timeframe to put the squeeze on 777 Partners, knowing there is only a remote chance they will reach their goal. It should also provide MSP with enough time to know if they can put a deal together, pending Teneo's success in agreeing a tentative restructure of the club's debts.

Then a new timeframe is set to complete before 30 June, the critical date for avoiding Administration as I see it.

Mike Gaynes
35 Posted 14/05/2024 at 20:17:39
Lyndon #26, agree wholeheartedly.

I have predicted that a number of times here, and I still believe it to be true. Neither MSP nor any other prospective buyer has any reason to be in a hurry right now. The greater Moshiri's desperation, and the closer to the actual filing of administration, the cheaper Everton gets.

Pete #33, I'd be more worried if he had, because he could stretch this out for months with legal and financial manoeuvring. But, fortunately for Everton, he's up against people who are way smarter than he is.

Peter Mills
36 Posted 14/05/2024 at 20:28:06
Michael #35,

I shall endeavour to adopt your 'glass half-full' philosophy. I know you've had cause to develop it.

Mike Gaynes
37 Posted 14/05/2024 at 20:30:48
Pete #37, somebody told me Marine went up last week. My glass is overflowing.
Christopher Timmins
38 Posted 14/05/2024 at 20:32:20

Assuming that there is a prospective purchaser out there, the purchaser is looking at a distressed seller. The prospective purchaser is in no hurry, none whatsoever; he will just sit and wait and wait as the vendor becomes more desperate.

The seller may still wish to deal with 777 Partners as the offer they made many months ago is probably a lot higher than what can now be obtained from a new purchaser.


Paul Hewitt
39 Posted 14/05/2024 at 20:33:44
Why don't MSP just call in their debt, and take the 50% + 1 share? I'm sure 777 Partners will then give up and walk away.

MSP can them hopefully find someone to come in with them and buy the rest of Moshiri's shares.

Bobby Mallon
40 Posted 14/05/2024 at 20:44:06
It sounds to me like administration looks the best bet.
Dave Cashen
41 Posted 14/05/2024 at 20:48:23
Why Bobby?

And dumb down the answer please because I'm not getting any of this.

Brent Stephens
42 Posted 14/05/2024 at 20:48:46
Paul #39

"Why don't MSP just call in their debt, and take the 50% + 1 share?"

Wouldn't they first need to await Premier League approval?

Paul Hewitt
43 Posted 14/05/2024 at 20:53:06

If we go into administration, then the stadium build would have to stop. We can't afford for it not to get finished.

Jack Convery
44 Posted 14/05/2024 at 20:57:14
From the Guardian 2023.

The club has also received about £150m in loans from an opaque lender called Rights & Media Funding Limited (RMFL), a Cheshire-based company its lawyers said last year competed “with some of the largest names in sports financing”, although it does not possess a single employee, a website or a phone number.

As the Guardian reported in November, RMFL also appears to have borrowed much of its money from a company based in the offshore secrecy jurisdiction of the Bahamas, which started lending to RMFL just six months after the offshore firm was established and does not reveal its source of funds.

So who are RMFL and who funds them? After all, these were the group that stopped the MSP offer of a deal. Is this Usmanov protecting his money? Surely the FCA has to get involved. How can a company and company borrow money from a third party, whose owners are hidden? This could lead to money laundering or am I wrong?

So we've gone from being rescued from becoming a Museum to the point of becoming the Accrington Stanley of the 21st Century.

Ian Jones
45 Posted 14/05/2024 at 21:06:39
I just about remember the Holy Trinity,

But I'll never forget this Holy Mess!

Mark Ryan
46 Posted 14/05/2024 at 21:07:03
Well done, Moshiri. The worst takeover of any football club ever in the entire world, truly fucking tragic.
Les Moorcroft
47 Posted 14/05/2024 at 21:28:12
Frank @29,

Like your self, I was born and bred on Everton Brow. Schooled in Everton. Holy Communion in Everton. Born in Everton. Support Everton.

So he can take his Russian money. We as blue will still be Everton. UTFT.

Kunal Desai
48 Posted 14/05/2024 at 21:34:38
What is the point setting the deadlines and moving them out every time? Just fucking move on from these sharks.
Jerome Shields
49 Posted 14/05/2024 at 21:47:03
'Everton can't service £580M debt (RMF, MSP & 777) particularly if it pays cash interest. Also, there's no point in MSP exercising their option as this would mean them owning Everton with RMF & 777 debt. This suggests a debt-equity swap is needed to reduce or end the cash outflow.

This would probably require Moshiri to accept a notional (say 1%) of the equity and 777 (or their administrator) say 5 or 10%. RMF and MSP would have the rest.

In practice, this will be very difficult to achieve given 4 different debt providers all with different security and different interests. Teneo are very capable but, even so… There is bound to be a new money requirement too for MSP or RMF to stump up.'

Simon Webber.

This IMO is the most accurate description of the present scenario, given the information available. If the extension date is true, MSP Sports Capital has agreed to it.

There is a general assumption that Moshiri and 777 Partners fear administration. But both Moshiri and 777 Partners would have difficulty proving collateral for their source funds that went into Everton.

This whole saga is set to continue, with funds being provided from whatever source to pay off MSP Sports Capital. They will be glad to get paid. After that, Everton is likely to continue month to month.

I expect that the 2023-24 financial accounts will show increased losses on the previous year. Everton already have to make a profit of over £12M in the 2023-24 financial accounts so as to not breach PSR and avoid being referred to another Independent Commission.

It could be inevitable that Everton go into administration in the future. Hopefully a viable structure emerges that can be purchased by a viable and professional owner.

The irrevocable problem is the investors who are backing the companies that are providing Everton funds, we do not know.

It is going to be fun and games next season.

Dan Doran
50 Posted 14/05/2024 at 21:53:55
At some point, we need to make our voices heard. Moshiri will sell us to owners who will ruin our club if it puts more money in his pocket. There is precedent for fan protests effecting the sale of a club to better owners.

Fan protests gid help remove Gillett and Hicks – The inside story of Liverpool’s 2010 takeover

Jerome Shields
51 Posted 14/05/2024 at 21:57:01
Jack #44,

'Rights and Media Funding is a sport and entertainment sector-focused lender.

RMF employs legal and regulatory expertise together with data-driven risk analysis in the decision-making and execution of its lending activities.

RMF is one of the largest lenders to European football clubs and the principals have been amongst the most active lenders to football clubs and other sports institutions for more than 20 years.

RMF has lent more than $3.6B over the last 10 years and more than $2.5B over the last 5 years and has been a repeat lender to some of the largest and most prominent clubs in European football.'

Paul the Esk described them as a credit card for football clubs. It is rumoured by John Magner and JP McManus, of Alex Ferguson and the disputed Racehorse fame, are significant investors.

Kevin Edward
52 Posted 14/05/2024 at 22:01:24
I can't believe that 777 Partners will be in a position to satisfy the Premier League now, regardless of the extended deadline.

Would the Premier League sign off now being aware of the various dealings propping up these guys and their lack of funds?

Imagine the backlash if our new owners go bust within a few months after the purchase.

It's a mess of epic proportions, Moshiri must be getting desperate.

It's impossible to predict what might happen, but as fans we can only show our disgust. UTFT.

Stephen Davies
54 Posted 14/05/2024 at 22:46:26
From the Esk:

Following on from the Leadenhall allegations, I am reliably informed that there was today an initial hearing to appoint a receiver over 777 Partners. Lawyers from Credigy appeared. I'm told 777 will be represented by Smith Gambrell Russell – more to follow.

Derek Thomas
55 Posted 14/05/2024 at 22:56:59
Adrian @ 13;

A grand and noble gesture, for which the technical financial term is – pissing into the wind.

Our destiny, for good or ill, will be decided a long way from Stanley Park.

Laurie Hartley
56 Posted 14/05/2024 at 23:27:23
So The Premier League met with a select Parliamentary committee yesterday:-

Everton ownership 'not for Premier League to decide'

No help coming from them then.

Kieran Kinsella
58 Posted 14/05/2024 at 00:02:19
The Athletic said MSP don’t want to buy as they don’t want to inherit the debt.
Ed Prytherch
59 Posted 15/05/2024 at 00:29:52
How many last chances will 777 get?
James Flynn
60 Posted 15/05/2024 at 04:32:58
Thanks Stephen (57).

From the update:

A share purchase agreement is currently in place, which gives 777 Partners the opportunity to acquire a majority shareholding in the Club and this lasts until 31 May.

The Club has confirmed, however, that plans are also in place to progress alternative scenarios, should the
acquisition by 777 Partners not complete.

777 Partners has so far made loans to the Club of $200m, which includes a $10m payment, to support the new stadium build, which was received this week.

Should the 777 acquisition complete, a significant portion of the loan will be converted into equity in the Club.

Jerome Shields
61 Posted 15/05/2024 at 06:13:33
The problem is, no matter what alternative emerges, Everton has debt which cannot be funded from operating funds, without the introduction of new funds from the takeover parties.

Increased revenues from the new stadium will not make up the shortfall.

Jim Bennings
62 Posted 15/05/2024 at 06:36:12
There was a crooked man, who lived in a crooked house that he sold to crooked man.

Moshiri has to be the worst thing that has ever happened to this football club, well until 777 Partners take over.

Eric Myles
63 Posted 15/05/2024 at 06:43:52
Adrian #13,

A report I read and posted on TW a couple of weeks ago indicated that Moshiri is only going to get between £60 million to £130 million out of the sale to 777 Partners.

Sam Hoare
64 Posted 15/05/2024 at 06:52:59
And so it rumbles on. It seems 777 Partners can't become owners. MSP don't want to become owners. And Moshiri is tired of being the owner.

We have become a poisoned chalice.

Best bet would seem to be some sort of consortium, perhaps with MSP and Andy Bell or George Downing, which turns MSP's investment into equity and is able to re-structure some of the other huge debts that we have accrued.

If 777 Partners go into administration, as seems possible, then perhaps their administrators will accept reduced terms or equity on their loans to recoup funds.

It's crazy how long this has been dragging on for. Ownership uncertainty along with lack of clarity over points deductions has made it a tough season or so for us Toffees! Let's hope that there may be some light at the end of the tunnel.

Paul Hewitt
65 Posted 15/05/2024 at 06:57:37
I simply don't see a way out the trouble we are in, especially if 777 Paartners take over.

They've just cleaned out the Standard Liege bank account and done a runner. What's to stop them doing it to us?

Phil Wood
66 Posted 15/05/2024 at 07:03:04
It must be taking Usmanov another 2 weeks to create funds for 777 to complete the deal then our total demise.

Richard Masters must be creaming himself at the thought of a 777 takeover. Defender of the game. What a joke.

God knows what this Club has done to him apart from corruption allegations. They say there is nothing like a woman's scorn.

Paul Hewitt
67 Posted 15/05/2024 at 07:08:14
Phil @66.

Usmanov is worth $14 billion. He wouldn't struggle to get the money to pay off MSP.

Christine Foster
68 Posted 15/05/2024 at 07:13:17
The deal-breaker in all of this has surely been the Premier League. They have sat on the fence without a decision when all around them has watched as the 777 empire fell to pieces. Fit and proper owners failed long ago but even now the Premier League refuse to take ownership of a decision, instead setting a high bar as a requirement.

It is not the high bar that has killed an Everton takeover (by anyone), it is the indecision (chicken shits) of the Premier league not wanting to be blamed for pushing Everton into administration or relegation.

In delaying what was a straightforward (even more so as time progressed) decision to deny 777 Partners, Everton FC debts have risen substantially to a point where they now have reached a point where no buyer will invest.

Indeed, the only way out would be for any interested party to wait for the inevitable crash and pick up the club for a song.

But this will hurt so many people working for EFC, job losses, stadium defaults, fire sale of assets (players) and potential relegation next season. The squad would struggle to survive another season with many players out of contract and no new blood.

Moshiri should have moved on by Christmas as it became obvious that the Premier League were not going to approve the purchase. But for some inexplicable reason, he has backed 777 Partners. If today's reports are correct, 777 are on the brink of receivership themselves. But continue to abide by what appears to be a contract to supply funds.

I note also that there appears to be a watering down of the debt to equity agreement that now refers to a significant portion of the debt – rather than all – being converted to equity shares in the update from Colin Chong.

Moshiri has stuffed this up. 777 Partners should have been binned 6 months ago. The Premier League are letting us sink, because they wouldn't make the decision they infer is not theirs to make (not their responsibility who the club is sold to).

Behind all of this is R&MF and its offshore funding. This merry band of shady money backers dates back to Kenwright and Green days, their control over the club is (still) immense. They have zero interest in the club other than a cash cow pulling in money at significantly higher rates than a bank.

I fear Moshiri is hanging on for a better payday (or any payday) rather than administration. It's clear that there are no parties ready to join forces or solely take the hit of the club's debts.

Moshiri has maxed his numerous credit cards to the hilt, there is no way he can pay all of them off now. It's lllclear he has no interest in doing so.

To me he has a number of options:

1. Hang in there. Take the financial hit and get us over the line whilst searching for a buyer.

2. Sell or relinquish part of the equity in lieu of debt to MSP or an other. Continue to fund until long-term debt management is in place or a buyer is found.

3. Going into administration means he could (will) lose it all. He either has to continue to fund or lose everything. Surely more pain until the club is in a better place is best all round?

4. Usmanov was his financial backer and partner in this, hidden or not. He either has to find another backer, stay, or go into administration. I cannot believe he will allow that to happen (nor do I believe Usmanov will).

Phil Wood
69 Posted 15/05/2024 at 07:22:59
Paul @67,

I meant for Usmanov to find a creative way to transfer funds.

Duncan McDine
70 Posted 15/05/2024 at 07:26:46
Paul Hewitt (67),

You're probably right that the Uzbek has enough liquid dosh to pay them, but don't forget that a person's wealth is calculated on the value of their assets (companies, properties etc) – not on how much their bank statement shows.

Since he is probably (allegedly) helping fund Putin's war, there are no certainties over how much money remains for other interests like little old Everton.

Phil Wood
71 Posted 15/05/2024 at 07:27:07
Well put, Christine.

A sad reality check.

Tony Abrahams
72 Posted 15/05/2024 at 07:54:23
The last statement I heard from Bill Kenwright before he died was, “I found them a billionaire.”🤦‍♂️
Derek Knox
73 Posted 15/05/2024 at 07:59:24
A very logical outlook on things Christine, on things that quite frankly go over my head. However, we are not dealing or rather talking about decent people here, are we?

I don't understand how 777 Partners can have raised so much money (allegedly) against something they don't own, so if, as likely and hopefully, it all collapses, why do we (as a club or the new owner) have to service that debt?

Maybe Usmanov is covertly behind all this, but why deal with such a dodgy client?

Derek Thomas
74 Posted 15/05/2024 at 08:05:36
Paul Hewitt @65; what's to stop them? Probably the fact that there's nothing in there to run off with.

M&M; Masters and Moshiri, their and 777 procrastinating have saved us from that frying pan / fire situation.

Where we go next is anybody's guess.

For Sale!! Historic sleeping giant of a club with brand new stadium, playing in the richest league in the football world, yours for a tenner and a handshake – if you pay off the debts.

Who could resist such a bargain and what could possibly go wrong?

Ian Bennett
75 Posted 15/05/2024 at 08:22:16
I suspect the extension is three-fold:

One, the exclusivity agreement will have a mechanism of a long-stop date that will need to be honoured.

Two, he probably needs them for another month of cashflow. I assume the club receives merit payments etc in late May or early June, pushing the potential for administration into another season as a worst case – and certainly not before the transfer window reopens.

It gives another party notice of what they need to do, once this deal is off.

Paul Ferry
76 Posted 15/05/2024 at 08:26:23
(1) What is the back-up plan if the clock ticks past midnight May 31 Moshiri and there is no word from 777? This is really serious if there is no one else waiting in the wings.

(2) I imagine that I am not the only one who is getting sick and tired by Mark Ryan (and others) screaming “Usmanov” and “corruption” from the rooftops when he and they have absolutely nothing apart from excitable and “pay me attention” speculation.

(3) There are, however, two things that we can be certain about: absentee landlord Moshiri puts himself and money first; 777 are a motley crew of sleazy cardsharps on a global asset-stripping mission. There are one or two or both scenarios for me that swerve Mark Ryan's JFK conspiracy and stick to what we know. The first is that Moshiri is wedded to 777 because behind the scenes the proffered deal is a sweet one for him in his don't-give-a-fuck-about-Everton world; the second is that there are rival bidders out there somewhere biding their time and ready to outsmart greedy Moshiri when June arrives.

(4) Bobby Mallon (40), you would be comfortable with two-thirds of the non-playing staff and a good number of playing staff losing their jobs? Administration is our Waterloo and we cannot emerge stronger for it unless little is better and, like Mr Mallon, we don't give a shite about people's livelihoods and their families.

Mr Mallon, can you maybe go beyond your dead easy and lazy one-line doggerel and help us to understand in joined-up sentences why administration is our “best bet”?

Andrew Clare
77 Posted 15/05/2024 at 09:05:18
Everything that we are hearing regarding the takeover is pure speculation. Like most of us, I am looking daily at all news outlets to see if there is positive news about the takeover and, to be quite honest, it is a complete waste of time.

The only constant seems to be that 777 Partners are still the front runners to be our new owners. What a horrible thought.

Brian Harrison
78 Posted 15/05/2024 at 09:40:28

The blame has to be laid at Moshiri's door, he has been resolute despite all the press reports, he still believes, even now, 777 Partners are the best option.

Paul the Esk said, within weeks of it being rumoured that 777 were the possible new owners, to not go down this route, and suggested that they didn't have the capital to purchase the club.

There are now court cases against 777 Partners and even they have removed Pasko and Wander from their board and still Moshiri has given them an extension to get this deal over the line.

I could well imagine what these pages would have been like if the Premier League months ago said that 777 couldn't buy Everton; this site would have had many (me included) saying "You have tried to relegate us with your points deduction and now you are telling us who can't but our club."

Had this happened, no doubt Moshiri would have said without 777 he can't afford the day-to-day running of the club which would have meant administration.

I actually think the Premier League have done us a massive favour by not rejecting 777 outright, they have allowed them to pump in over £200M which helped keep this club afloat. But let 777 know they wouldn't get the go-ahead till 4 specific conditions were met – which they still haven't done, despite pumping all this money into the club.

Dave Lynch
79 Posted 15/05/2024 at 09:54:47
I said on another thread these people were not going away.
Whats puzzling me is why us? They have tried the football "thing" in Europe and it fell on it's arse.

I get they have money secured on the club and stadium which I presume will be paid back at some stage, but why a club that's a basket case with the debt of a 3rd World country hanging over it?

Tony Waring
80 Posted 15/05/2024 at 10:11:21
Of course what we need is a consortium of millionaires with a real interest in Everton FC.

What about the playing staff? Or am I being too cynical?

Christine Foster
82 Posted 15/05/2024 at 10:17:58
Brian, I think the exact opposite.

Almost right from the start, as details came out about the owners of 777 Partners and the issues with other clubs, it was clear there were real concerns as to their validity. But in respect of Moshiri, he could have continued to fund the club but instead loaded debt onto it knowing full well what he was doing.

It made no sense and still doesn't. He painted himself and the club into a corner with no way out. Committing to 777 in September was dependent on the Premier League giving its approval to 777 which they have failed to do.

You say they would have been slated on these pages for finding them unfit and I am sure there would have been some, many even, who would see it as such, but instead of making a decision, they hung it out to dry, forcing the club into more debt that became unsustainable in repayments and cashflow, increasing the need for more cash to repay the interest... hence my comment about maxed-out credit cards.

What I do not understand is Moshiri's game. He may want to sell and recoup as much as he can but he was the effective owner despite the debt, so why stop funding the day-to-day stuff, why didn't it continue to prevent us being subject to going concern audits? If you are selling, you present the best possible face of the club. Moshiri has done the exact opposite and pulled the plug. Why? Is he broke?

He is in mortal danger of losing the whole lot if he continues in this vain. In fact, I think it is already too late for him to recover anything other than a token amount if he persists in listening to 777 and avoiding the mounting evidence before him. Why?

Moshiri is not stupid. He has access to people the world over, so what's at play? When buying such a high-risk business from a high-risk theatrical owner, you have to have an end game, the reason you bought it in the first place. So what's changed?

The obvious and most logical reason is his friend (not Moshiri) lost the ability to fund and build the club into what he wants. It's clear that, since sanctions impacted on his mate, his funding has all but stopped, together with his interest and involvement (and communication).

We are now a shell company, an interim board clearly not fit for purpose (not their fault, I may add) and an owner who has tied his flag to the 777 mast for whatever reason that only makes sense to him. Why?

Pushing the boat out for another 2 weeks won't make any difference.

Dave Cashen
83 Posted 15/05/2024 at 10:23:57
Paul @77

In fairness to Bobby I don't think he meant to disrespect the position of the current non playing staff. In fact I'm not even sure he realised they would lose their jobs if we went into administration.

The problem with these threads concerning our current financial plight, is that people (Like me) don't fully understand how large organisation finances work. Rules, regs, law, etc. Thats even before we mention Dead Chairmen, EPL conspiricy theories, or rumor's of dosh washing in the mersey by sinister shadowy figures lurking in the background

We can all talk shite to our hearts content about football, but this topic (for me) is too serious. I fear a few well meaning and concerned posters are regularly throwing their two pence worth on a subject they obviously (even to me) know nothing about. Just when you think the waters cant get any more muddier. Someone comes up with another gem.

I only log on to these threads to reassure myself I'm not the only one who cant make head nor tail of this total nightmare.

Dave Lynch
84 Posted 15/05/2024 at 10:36:59
Dave @87.

Nobody knows what, how, when any of this soap opera will end or how it will pan out.

It's all guesswork and opinion, some touted as informed, which it obviously isn't.

Jack Convery
85 Posted 15/05/2024 at 10:50:03
Jerome Sheilds, thanks for the info.

Now I want to know who is behind the company in the Bahamas that lends money to R&MF.

Mark Ryan
86 Posted 15/05/2024 at 11:50:14
Paul Ferry @ 77

Your post says nothing more about the situation than mine and so why did you bother.

My post said simply this

"Stinks of corruption to me. I suspect Usmanov has Wander on speed dial.

Corruption. Cannot be anything else. Moshiri is a crook"

I posted that because nothing else makes sense to me. What is happening makes no sense at all. Moshiri appears to be floundering and I suspect bigger things are at play for him as an individual, hence my post. That's all I posted I wasn't on a rooftop as you suggest and it's got nowt to do with JFK ?

You seem stressed Paul, chill out pal

Brian Wilkinson
87 Posted 15/05/2024 at 11:53:29
Something stinks that I cannot fathom out with 777 Partners: Are Usmanov's muggy claws lurking and, knowing 777 want to make a quick profit then off, is he bankrolling them in the hope in time the sanctions are lifted from within Russian money and he gets the club back?

With Moshiri, every little detail will be scrutinised from incoming money; 777 however have the ability to move money around and less likely to leave a trace from Usmanov.

I cannot come up with any other reason why Moshiri wants 777 and keeps extending the deadline other than it is not his money and he is being instructed by the real money man.

Whatever the reason, something does not sit right with 777.

Steve Brown
88 Posted 15/05/2024 at 11:56:08
We are looking at alternative scenarios, probably based on alternative facts.
Paul Hewitt
89 Posted 15/05/2024 at 12:20:40
I don't understand why people think Usmanov is somehow behind this 777 bid.

He probably already owns the club. So why would he suddenly help 777 to buy it?

Steve Brown
90 Posted 15/05/2024 at 12:40:35
Moshiri wants to persevere with 777 as they have offered the highest guaranteed return on his investment. Whether it is good for Everton is secondary to him.

Administration would lead to debt restructuring, player sales, redundancies in the club, suppliers not being paid, Capex project spend halted, and a points reduction. This is the disaster scenario for the club, and Moshiri. He would be firmly in the queue for repayment on the loans he has given the club.

Dale Rose
91 Posted 15/05/2024 at 12:45:22
This is basically all beyond me. There seems to be something about our prospective new owners that people are unhappy about. As we have been mired in a shit storm for years now, why hasn't the advice been to step back and take stock?

As I ramble on here, my grandson is watching Peppa Pig just about to climb on a plane flown by Captain Emergency. You can't help but draw similies. Who the fuck would get on a plane piloted by Captain Emergency???

Ray Roche
92 Posted 15/05/2024 at 12:47:40
Those of you who can use catch-up TV, listen to File On 4 on the BBC Sounds, Radio 4. It's about sports washing money and Newcastle in particular.

Still think there's no corruption or Government interference in football? Think again.

Tony Abrahams
93 Posted 15/05/2024 at 13:01:32
Very sensible post, Christine @86.

Even though it's mostly educated guesswork, Why? Why? Why? Is the question I would also love to hear the answer to the most with regard to Moshiri and 777 Partners.

It wouldn't surprise me if we are sold before this date, but that's just me trying to think logically for Farhad Moshiri. Let's face it, he must be looking like an absolute clown to most serious businessmen, even if I'm sure most of them will be aware that he's nothing more than a frontman or a lackey for a man who has had his tap turned off because of sanctions.

Rights & Media Funding, who are another one of those murky companies currently involved with Everton, must be doing cartwheels every time that other murky company keep finding a bit more money. They will probably be distraught once Everton are sold because they will be getting one of their taps turned off themselves.

Contradiction is massive because, although the new stadium has become a millstone, it's probably the only reason we are going to come through the other side. I'm sure the eventual purchasers will also be aware that Everton Football Club is a sleeping giant and they have got some of the most loyal and fanatical supporters in the land, all desperate for some success.

Dave Roberts
94 Posted 15/05/2024 at 13:09:22
After careful consideration of all the available information on ToffeeWeb and elsewhere, as well as drawing upon my own vast experience of a lifetime dealing with financial matters (my own), the only reasonable conclusion that can be drawn from this saga is that Moshiri is just a twat.
Shane Kind
95 Posted 15/05/2024 at 13:16:44
So, A friend just called to tell me that his brakes have failed while he is driving down a country road.

"Okay," I said, "Do you want to call the authorities?"

"No," he says, "I have done that already, they said until something happens, like I crash, they can't do anything, their hands are tied."

"Oh god," I replied, "So what can I do to help?"

He said, "I just wondered if you wanted to buy the car?"

Tony Abrahams
96 Posted 15/05/2024 at 13:18:58
I think a more reasonable solution is the one Christine made before, Dave.

People who can get their hands on money, don't go about things the way Moshiri has gone about things. With the tap turned off on his master, one can only assume that they are in a very bad position financially right now?

Dave Roberts
97 Posted 15/05/2024 at 13:52:34
Tony @97,

I used to hold to that theory but I can't imagine any reason why 'the tap' needed to hide behind Moshiri. He had already lost his battle for Arsenal, he was not sanctioned at that time and there was no reason then to think he ever would be. Who saw the Ukraine war coming?

Even if he had not sold all his Arsenal shares by then (I can't remember) he would still have been able to buy 29% of Everton without bothering the Premier League rules. He had no reason to hide behind anybody at Arsenal so why at Everton?

It's obvious 'the tap' was involved with Moshiri's plans but it's just as likely his involvement was due to supporting his mate and increasing his company's exposure via naming rights for the training ground and the stadium.

Christine Foster
98 Posted 15/05/2024 at 14:17:20
Everything in the garden was rosy until his mate was sanctioned, it appears his own money dried up too.

If that was the case, then it's apparent that there was a financial connection and that all Moshiri ever was, was a frontman bankrolled until the tap was turned off.

It's clear and always has been he couldn't do it on his own... which means, if it was Usmanov bankrolling the club as the power behind the throne, then he needs another vehicle to make it happen.

His sunk cost will be large but better a future profit than a huge loss...

Tony Abrahams
99 Posted 15/05/2024 at 14:21:45
That's very logical Dave, but if I had wealth of around £2 Billion, I wouldn't want to purchase Everton, spend as much as he initially did, and then claim that I didn't want it to take up too much of my time.

"It's not my decision to make," exclaimed Moshiri, when asked if he would be sacking Frank Lampard, after we lost at West Ham.

This proves nothing, but what a statement to make, at such a time! And still the Premier League haven't felt the need to intervene, even though they must be aware that Everton, at best, are in the hands of a crackpot, and at worst, it must be a lot more cynical than this.

Christine Foster
100 Posted 15/05/2024 at 14:25:32
The old adage of "follow the money" is leading to the Bermuda Triangle... that's where the treasure chests are hidden from taxmen.

Money is just a commodity when you have enough of it and see something you want. Rules are sidestepped to get those with money whatever they want.

A foothold in a large-scale redevelopment of Liverpool? A Premier League club with huge cash flows and liquidity? Far-fetched... honest!

Mark Taylor
101 Posted 15/05/2024 at 14:33:06
There's so much we don't know but still things we do.

It seems clear that Moshiri either did not wish to or more likely, could not afford to continue to fund the club during the high cash demands of the last year or so. One could argue he has played a blinder by luring in a potential purchaser to fund the day-to-day expenses, without seemingly any security on that money.

I'd love to see the contract between 777 Partners and Moshiri. Is it possible to imagine a private equity enterprise would put up £200M without any security or even certainty the transaction would complete? Could they really be that insane? Surely they must have a repayment clause if it fails to complete? Is that why Moshiri is desperate for it to succeed?

The role of R&MF is also perplexing. Setting aside their sources of money, I am led to believe their equally large slice is secured against future TV revenue. That would not be very secure if 777 finally completed and did what I think they would do, flog all our best players and lead us towards high probability relegation. Do not RM&F have a vested interest in this? They blocked MSP. Why so sanguine about 777?

I know Mike Gaynes thinks otherwise, but it is pretty clear to me at least that we are worth way, way less than the total amount that has been invested. According the Paul the Esk, and including Moshiri's full investment, I believe this would now amount to close to £1.3B. How much in the £ are we really worth? Debt free, at best £500M in my judgement.

I think some people's view of the stadium's value and revenue potential is wildly optimistic. MSP look the most secure, their £145M secured allegedly on the stadium should at least see their money safe. Presumably that is why they appear fairly relaxed about things.

Finally I do wonder whether 777 did get FCA approval. I can't see anything on the latter's website about 777 when you do a search. If they have approved them, even if only on a limited scale, one might ask what such approvals are worth, given recent revelations...

Christine Foster
102 Posted 15/05/2024 at 14:35:14
Tony, I have been wracking my brain trying to see Moshiri's reasoning for some time as his decision-making does not seem too make any sense at all. Leading one to think the guy is incredibly naive or extremely smart.

Rich people don't get rich to his level by being naive, so I think he knows what he is doing.

Smart? We are missing something in all this... it's like someone has a few of the jigsaw pieces in his pocket while we are all busy trying to see the picture.

Dave Abrahams
103 Posted 15/05/2024 at 14:42:18
Tony (100), I was speaking as an Everton fan who loved the club, an elderly fan who was investing money that would make money, a lot of money, not for me but for my family.

A family who would reap the benefits for the rest of their lives – including you.

But, as they say, “Love is bleedin' blind”!

Brian Williams
104 Posted 15/05/2024 at 14:45:31
Dave, don't forget I'm family – or I would be if you'd just sign those adoption papers!
Bill Hawker
105 Posted 15/05/2024 at 14:48:14
"Given until 31 May..."

And nothing will have changed by then. No one can convince me that 777 Partners is good for Everton Football Club.

Even if Moshiri and 777 get something hashed out, I cannot see it being approved by the Premier League based on the fit and proper persons test and based on what we "know" about 777 and what the media has reported.

Dave Abrahams
106 Posted 15/05/2024 at 15:05:14
Brian (104),

There are enough outlaws in my family without bringing in another one from Birkenhead!

Ed Prytherch
107 Posted 15/05/2024 at 15:09:15
I have nothing to add to the excellent posts by Mark Taylor and Brian Harrison.

Remember that Keith Wyness said that it would go to the wire and that looks likely. Who will blink first?

Jay Harris
108 Posted 15/05/2024 at 15:12:29
I have a couple of questions:

If Wander and his buddy have been removed by 777 Partners, where does that leave the Premier League's previous approval of 777's approval on the fit and proper person ruling? — Not that they will be able to meet the other conditions anyway.

And secondly, why can't we sell the naming rights to the new stadium and some of the leisure facility franchises and exploit other commercial opportunities instead of selling players and borrowing loans at inflated rates of interest?

Brian Williams
109 Posted 15/05/2024 at 15:20:54
Dave, that hurts. You said you'd look after me like I was one of your own.
I'm not cut out to be an orphan.
Clive Rogers
110 Posted 15/05/2024 at 15:21:37
Jay, they have only been removed from the board of Standard Liege not 777. That club have had enough of them and booted them off. Not a good sign.
Jamie Crowley
111 Posted 15/05/2024 at 15:30:52
What will be really interesting, Christine @ 100, is if this "Everton Saga" spurns real journalists to investigate R&MF and these secret society style offshore lenders and accounts.

Clearly someone is skirting taxes and regulations (seems to me at any rate) and it's stated that multiple football clubs use R&MF for lending.

I'd also guarantee the Premier League knows all about this and turns a blind eye.

Aside – I'm convinced terms like Labour, Tory, Republican, and Democrat don't matter any longer. They're all some odd cabal. The real issue in the world is evil power vs the masses and the way they dodge rules and create control. I'd bet the Premier League isn't exempt from this.

Conspiratorially yours. And no, I'm not a quack for the record.

** ps: I saw a wonderful quote a year or so ago on social media:

"The only difference between a conspiracy theory and the truth is a few months."

Will Mabon
112 Posted 15/05/2024 at 15:41:26
Jamie, it's getting down to a few weeks now, in certain aspects.

Others, it's taken decades. The latest one that some are finally starting to accept, now it's reaching a critical mass through the sources they will accept... well, look to the skies for that one.

Jamie Crowley
113 Posted 15/05/2024 at 15:50:34
Haha Will. Yup.

There's a very, very long list of events and occurances coming to light in the age of the internet that make one wonder.

The FBI and the CIA are just lovely bureaucracies that make America's reputation shine around the globe. Grab a bottle of vino on a uneventful Friday night, Google "CIA cover ups" and enjoy. Some of it might be fantasy, some of it not. But the reading of it all is gold and certainly makes you think a bit.

Oh, and lest we forget, the last two whistleblowers from Boeing are dead. No one seems to be chatting about that. Odd to say the least, and frightening if you jump in that rabbit hole.

I find it all fascinating, and I'd bet there's a lot of very dodgy shit going down inside the EPL with financing. Might be wrong, who really knows?

Will Mabon
114 Posted 15/05/2024 at 16:02:16
Who knows with the football, Jamie? Surprisingly few revelations or whistle-blowers from within football and sports in general, when you think of it: maybe it's relatively more recent.

As to the rest of it, I happily admit to being a multi-decade veteran, my rabbit hole has almost come out the other side, somewhere near Australia.

Tip: consider other search engines for interesting results.

Tony Abrahams
115 Posted 15/05/2024 at 18:10:21
Jamie & Will, do I qualify with my theory about Bill Kenwright, joining The Bee Gees!
Will Mabon
116 Posted 15/05/2024 at 18:18:13
Well, he is dead, Tony, so in that respect he kind of... has.

You're in!

Paul Ferry
117 Posted 15/05/2024 at 18:51:24
Fair enough Dave (C) 83 and thanks.

If that is the case, then I do see your point and I'm sure that you're right about seeing the full picture. Nevertheless, it would still be interesting to see Bobby's arguments for administration as the best option.

Paul Ferry
118 Posted 15/05/2024 at 18:55:26
No Mark R (86), I provided two very plausible scenarios – probably much stronger than plausible, actually – based on things that we can actually be fairly confident about… in fact, more than confident.

You, on the other hand, continue in one thread after another to wax loudly about corruption and Usmanov for which there is not the slightest thread of evidence (unless you have some that you can share?).

It is most definitely not me of we two who needs to chill, but thanks for the advice, Mark.

Barry Cowling
119 Posted 15/05/2024 at 19:24:22
This is business, there is a game of chess going on which we are not privy to. It will all unfold in due course.

Worry not, people, it is in nobody's interest for us to either go into administration or cease to exist… at least, that is what I keep telling myself.

Jay Harris
120 Posted 15/05/2024 at 19:42:32

The report says they have been removed from the football division of 777 Partners. Surely that means they cannot put themselves forward as directors of Everton if things were to progress God forbid.

Brian Harrison
121 Posted 15/05/2024 at 19:43:21
Who could have possibly envisaged when our new billionaire owner took control of the club and the fans thought this was a new dawn, to realize some 6 years later we would have serious money troubles?

I, like many, have no idea when or how this ends but the alternatives don't seem very appetising. Many like me will have renewed their season tickets without knowing what league we may have been in, and now we know for the next season it's the Premier League.

But the club is in a financially distressed state and the likelihood is the vultures are waiting to pick the bones of the club. So we thought avoiding relegation would at least make for a stress-free summer, but that clearly isn't the case.

Clive Rogers
122 Posted 15/05/2024 at 20:39:59
That's not being widely reported and Moshiri has since extended their deadline. Not sure about it. All very confusing.
Stewart Lowe
123 Posted 16/05/2024 at 09:21:22
There can't be a more naive or stupidest billionaire on the planet!

He was always destined to be Everton's billionaire! Cheers Kenwright!!

Stephen Davies
124 Posted 16/05/2024 at 17:23:55
All of 777 Partners football assets in Belgium have been seized following a decision par the Tribunal of first instance of Liège. More details to follow.
Dale Self
125 Posted 17/05/2024 at 15:50:48
Jamie and Will, being paranoid doesn't necessarily mean they are not out to get you.

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