Everton new owners

[JackG]

Relegation is the next target without a doubt. And as you say with so many now in that mindset then who could stop it.

The us don’t do relegation at all.

I reckon it will be a reduction in places or snd ghic is the route I think they’ll pick a play off v the championship clubs to stay in.

Remove their work permits

 

[Jedi boro]

Btw talk of scraping relegation is nothing new as this from 2008 from then Bolton chairman and fa supremo phil garside shows

Why we should all oppose Bolton chairman Phil Gartside's plan to scrap relegation from the Premier League

It comes to something when an idea is so ridiculous even Alan Green is having a pop at it.

www.mirror.co.uk

 

[Johngannonsunderpants]

It's just so depressing to think how far away removed the big clubs are from their cities and the fans. You can only hope to compete if you have a hedge fund or oil nation behind you pumping hundreds of millions into your club and signing players who are multi millionaires and who after just a few years will never have to work again as long as they live, and neither will their children. Making middle men and agents immediate millionaires and incredibly powerful.

Its not about developing your own players and finding gems from the lower leagues and developing a team. Its about splurging cash and sacking managers after half a season.

Do we REALLY want to get promoted into that?

We debate Gibbo as our owner but I don't think the premiership is sustainable and maybe when the bubble bursts and they all go bankrupt we will have a chance of wining the league (only to finish 2nd to Luton).

 

[BoroMart]

I think Bob Mortimer summed up our last trip to the Prem by saying something like: We turned up, farted and left.

He’ll of a stinker we left though

 

[BoroMart]

Relegation is the next target without a doubt. And as you say with so many now in that mindset then who could stop it.

The us don’t do relegation at all.

I reckon it will be a reduction in places or (and this is the route I think they’ll pick) a play off v the championship clubs to stay in.

It’s not in the prem leagues remit to stop it, it’s the football league that control that. I’m sure there are plenty that would like to stop it, but it won’t happen

 

[GeneParmesan]

This deal is far from finished lots to still work out. This is from an everton fan who does weekly updates on the everton finances/ownership situation.


777 Partners have to satisfy the terms of their agreement with Farhad Moshiri. My understanding is that little or no cash will change hands initially and that the final price paid for Farhad Moshiri’s shares will be subject to several conditions including the result of the Premier League’s independent commission enquiry and Everton’s performance on the pitch including survival in the Premier League in season 2023/24.

All of this is subject to the conditions within the statement and further conditions not in the public domain.

Regulatory Approval

Clearly regulatory approval is an issue known to all, and has been the subject of much speculation in the media and elsewhere. Despite winning regulatory approval in several European Leagues, will 777 partners, collectively and individually meet the more stringent “fit and proper owners” test applied by the Premier League ? Questions remain as to Josh Wander’s previous (but now spent) conviction and as to the financial resources 777 have to (i) meet their obligations to Farhad Moshiri and (ii) the very significant future capital requirements of Everton Football Club.

Whilst requiring approval from the Football Association and Premier League is self evident the FCA were added by clubs as a necessary regulatory authority in March of this year.

What other approvals are required?

As was seen just recently, Rights and Media Funding had the authority and right to block MSP’s partial ownership of Everton through rejecting the 25% ownership stake offered to MSP. For 777 partners acquisition of Everton, they would require the approval of not only Rights and Media Funding but also now, MSP – lenders to the Everton Stadium Development Company. I can say with some certainty that that approval is not a given.

In the event of not getting the approval of both creditors, the deal fails, or the creditors need to be re-paid. That would require 777 partners to find in the region of £350 million to repay Everton’s main creditors. Is that possible? There’s nothing to suggest on top of the price of Moshiri’s equity, 777 partners have access to that level of funding

 

[Jedi boro]

It’s not in the prem leagues remit to stop it, it’s the football league that control that. I’m sure there are plenty that would like to stop it, but it won’t happen

Here’s an extra 200 mil pound do you really need 3 spaces really????

Something like that

 

[1finny]

Worth a read

Farhad Moshiri plots exit after ruinous reign but Everton’s future still unsure | Andy Hunter

777 Partners is in line to replace the current owner but the Americans have a reputation of not improving their other clubs

www.theguardian.com

 

[BoroMart]

Here’s an extra 200 mil pound do you really need 3 spaces really????

Something like that

Who are the prem giving 200m to in this scenario?

 

[r00fie1]

Just imagine if we were bought out by people thousands of miles across the pond:
Didnt know the area or the people.
Were`nt aware of the history of the club and its fabric woven into the local community........
Mm.....
We could be on Netflix, until the next toy-manufacturer arrived from Hollywood

 

[TeessideCleveland]

As much as they are rubbish - and should lose tomorrow - we are hardly setting The Championship alight.
If Boro fail other teams' failings are scant consolation to me