RuffRob Posted May 17 Report Share Posted May 17 it would n't surprise me if the two weeks deadline, is as much professional curtesy as anything, given that 777 have been bank rolling us for past few months and by putting money in. I have got the feeling 777 Partners will be at risk of collapse if the deal goes belly up. However, think is enviably dead now, and 777 are probably in panic mode now. StevO and Matt 2 Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted May 17 Report Share Posted May 17 Sibdane and Matt 2 Quote Link to comment Share on other sites More sharing options...
Matt Posted May 17 Report Share Posted May 17 21 minutes ago, Romey 1878 said: I'll believe it when I see an offical announcement but it's been picked up by Belgian media already Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted May 17 Report Share Posted May 17 dunlopp9987 and Matt 1 1 Quote Link to comment Share on other sites More sharing options...
Gwlad Posted May 17 Report Share Posted May 17 We have to be a good investment now that PL is assured and the new stadium is close to completion. I have to be believe that there are sound investors waiting to pounce. C'mon Andy Bell I have an ISA with you la. StevO 1 Quote Link to comment Share on other sites More sharing options...
RuffRob Posted May 23 Report Share Posted May 23 https://www.goodisonnews.com/2024/05/23/777-partners-may-raise-funds-to-complete-everton-takeover-after-new-standard-liege-development/ I fucking hope not. I don't think a single fan now wants 777 Partners anywhere near the club. I gave them the benefit of the doubt a couple of months ago, and thought any owner has to be better than Moshiri to get this club on its feet again. I was wrong, as all we have seen from 777 is more and more red flags. Are we really going to be relying on this season nemesis, the PL, to save us from their clutches. What a weired fucking season!! Goodison Glory 1 Quote Link to comment Share on other sites More sharing options...
Matt Posted May 23 Report Share Posted May 23 54 minutes ago, RuffRob said: https://www.goodisonnews.com/2024/05/23/777-partners-may-raise-funds-to-complete-everton-takeover-after-new-standard-liege-development/ I fucking hope not. I don't think a single fan now wants 777 Partners anywhere near the club. I gave them the benefit of the doubt a couple of months ago, and thought any owner has to be better than Moshiri to get this club on its feet again. I was wrong, as all we have seen from 777 is more and more red flags. Are we really going to be relying on this season nemesis, the PL, to save us from their clutches. What a weired fucking season!! Pretty sure that's one of the bot sites. London Blue 1 Quote Link to comment Share on other sites More sharing options...
Sev Posted May 23 Report Share Posted May 23 This must definitely be game over for 777 Partners' attempt to continuously push investments and money around. Seemingly noone wants their business. This is a german-english translation from deutschlandfunk.de. Investment company is bankrupt Hertha investor 777 is about to end Hertha BSC's plan to get back into the Bundesliga failed. But in addition to another year of second division, the capital club is threatened with much worse adversity. The US investor 777 Partners is insolvent. By Constantin Eckner | May 19, 2024 When the one-armed bandits in casinos show the “7” three times, the big win follows. But most people leave the gambling halls as losers. Those responsible at 777 Partners also had a gambler mentality for a long time. More or less by chance, the Miami-based investment firm got into football a few years ago. Initially interested in broadcasting and marketing rights, 777 acquired a number of football clubs, including Standard Liège, Genoa CFC and CR Vasco da Gama. In March 2023, the shares in Hertha BSC that were previously in the hands of Tennor Holding with Lars Windhorst were also purchased. Josh Wander, the face of 777, was initially able to exude confidence. But there have long been doubts about economic sustainability. Now the dam burst. Journalist Brown: "777 is trying to stay alive" "777 is inherently insolvent. It has run out of money and is currently trying to transfer or sell its existing assets in order to stay alive," says Paul Brown. The English journalist researched and published extensively on the case of 777 Partners together with Philippe Auclair for the “Josimar” portal. A number of cases have been pending against the investment company for some time. Most recently, a lawsuit from Leadenhall Capital Partners was added. It states that 777 owes the London financial house $600 million and is currently unable to repay even a small portion of it. Recently, the financial problems have also had a direct impact on the companies owned. A Brazilian judge has already stripped 777 of control of Vasco da Gama and handed it over to the club's board. Meanwhile, the shares in Standard Liège have been confiscated by a Belgian court. "A big shell game" Paul Brown and Philippe Auclair have spent a long time trying to figure out exactly what strategy 777 followed. "We were told over and over again that it would be a big shell game. So like a game where the cones are moved back and forth and you have to guess which cone the ball is under. Well, in financial terms It's the case that the ball is the money. And the money has to be constantly moved back and forth between different jurisdictions and different clubs to keep the whole thing going. But at the moment it looks like the cones aren't moving move more." In other words: 777 constantly moved masses of money around so that a certain financial strength was maintained and at the same time individual debtors or investment projects could be served. However, as more and more debtors discovered what was going on and the courts were called in, 777 was no longer able to act freely. Insolvency administrator tries to sell club shares. What this actually means for the future of football clubs or the British basketball league, in which 777 also holds shares, is still unclear. Josh Wander and Steve Pasko, the two former drivers, have now stepped down from their management positions. An insolvency administrator would try to sell the existing assets - i.e. the shares in the clubs - in order to pay off at least part of the debts. Christoph Breuer, sports economist from the German Sport University Cologne, says: "If we stick with the Hertha example, that would mean that an attempt would be made to sell the shares we just bought on to another investor. Politically it is of course one thing, but it would be purely financial "That's not a threat because there would be the same equity shares, but a different owner." Hertha is threatened with a financing gap. There was relative calm at Hertha BSC for a comparatively long time, even as more and more critical reports emerged during 777's attempted takeover of the English first division club Everton. However, a funding gap could arise. So far, as part of an increase in the limited partner's shares in Hertha BSC GmbH & Co. KGaA to 78.8 percent, only 75 of the promised 100 million euros of 777 have flowed to Hertha. The DFL has initially granted the club a license for the 2024/25 season. The granting of the license was subject to a condition, which, according to the capital club, should not be related to 777, as the “Sportschau” was told upon request. There is still a risk of a financial gap. There is also the uncertainty about who will own the shares after a possible sale. An insolvency administrator will push for a sale, but Hertha BSC Verwaltungs GmbH, as the personally liable partner, must agree to this. It could take a while until solutions are found for the Hertha shares and other assets of 777 Partners. Not good news for Hertha and the other affected football clubs. Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted May 23 Report Share Posted May 23 Quote Link to comment Share on other sites More sharing options...
Matt Posted May 23 Report Share Posted May 23 39 minutes ago, Romey 1878 said: So smile and nod, promise things he has no intention or ability to deliver. Rinse and repeat... Fair play to them though. They must be spitting when dealing with him but they keep themselves very well composed and presented. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted May 23 Report Share Posted May 23 1 hour ago, Matt said: So smile and nod, promise things he has no intention or ability to deliver. Rinse and repeat... Fair play to them though. They must be spitting when dealing with him but they keep themselves very well composed and presented. The contempt for our fans has been a deep rooted institution going back years now. Let's not forget this fella watched his calamity board try and blame fans for a headlock that never happened. It's no surprise he treats us like idiots. The irony is the FAB has the same people on it who tried to tell all the other fans and football world that Everton were chronically mismanaged and fans lied to over 14 years ago. As fan groups go, nothings really changed, same intentions, same people - all that changed is that too many people needed to feel the boat sinking to believe the noisy annoying alarms that were raised were true. Quote Link to comment Share on other sites More sharing options...
Zoo 2.0 Posted May 23 Report Share Posted May 23 2 hours ago, Romey 1878 said: In a nutshell, Mr. Moshiri smiled and nodded throughout the meeting whilst attempting to gain the attention of someone off camera to bring him a cup of tea. He accepted that he could do better at whatever it is we were in taking about and would aim to do better in the future. Mr. Moshiri left the meeting after his cup of tea was delivered, seven minutes after the meeting started and five minutes later than it was scheduled for. The FAB has requested a further meeting for October 2097. Matt and MikeO 2 Quote Link to comment Share on other sites More sharing options...
Btay Posted May 23 Report Share Posted May 23 The only promising thing from that (if true based off Moshiri’s word) is that there are other parties interested but we obviously can’t engage until May 31. Matt 1 Quote Link to comment Share on other sites More sharing options...
Matt Posted May 24 Report Share Posted May 24 10 hours ago, Hafnia said: The contempt for our fans has been a deep rooted institution going back years now. Let's not forget this fella watched his calamity board try and blame fans for a headlock that never happened. It's no surprise he treats us like idiots. The irony is the FAB has the same people on it who tried to tell all the other fans and football world that Everton were chronically mismanaged and fans lied to over 14 years ago. As fan groups go, nothings really changed, same intentions, same people - all that changed is that too many people needed to feel the boat sinking to believe the noisy annoying alarms that were raised were true. Their message and intent may not have changed but the approach is the polar opposite to the past; it's organised and professional. Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted May 24 Report Share Posted May 24 London Blue and Matt 2 Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted May 24 Report Share Posted May 24 Quote Link to comment Share on other sites More sharing options...
dunlopp9987 Posted May 24 Report Share Posted May 24 28 minutes ago, Romey 1878 said: "Back to sort of glory" will be replacing "Nil Satis Nisi Optimum" Formby, StevO, Sev and 1 other 4 Quote Link to comment Share on other sites More sharing options...
RuffRob Posted May 25 Report Share Posted May 25 Might not go anywhere, but does no harm if other current PL owners are taking about us in an a positive manner. Romey 1878, London Blue and Matt 3 Quote Link to comment Share on other sites More sharing options...
Hafnia Posted May 25 Report Share Posted May 25 On 24/05/2024 at 07:43, Matt said: Their message and intent may not have changed but the approach is the polar opposite to the past; it's organised and professional. Thats just an excuse for people who just didn't want to believe that what they were telling us was true. what did the BU do that you disagreed with? Remind yourself of the fact that the club smeared them through their usual channels. Dave Kelly said they knew they were recording the conversation with Bill. Matt 1 Quote Link to comment Share on other sites More sharing options...
Matt Posted May 25 Report Share Posted May 25 29 minutes ago, Hafnia said: Thats just an excuse for people who just didn't want to believe that what they were telling us was true. what did the BU do that you disagreed with? Remind yourself of the fact that the club smeared them through their usual channels. Dave Kelly said they knew they were recording the conversation with Bill. No, it's just what I believe from what I saw. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted May 25 Report Share Posted May 25 1 minute ago, Matt said: I watched paula vennells spend the best part of a week trying to spin why she ignored valid warnings about something that was broken. All very similar stuff - it's kinda like snobbery..... people far down the food chain being dismissed. Excuses being made why warnings weren't heeded. Quote Link to comment Share on other sites More sharing options...
Popular Post Wall Writer Posted May 25 Popular Post Report Share Posted May 25 On 24/05/2024 at 17:23, Romey 1878 said: One big positive is that communication will probably improve with him taking over, heard he sends a lot of sms’s. StevO, dunlopp9987, MikeO and 3 others 2 4 Quote Link to comment Share on other sites More sharing options...
Matt Posted May 25 Report Share Posted May 25 1 hour ago, Hafnia said: I watched paula vennells spend the best part of a week trying to spin why she ignored valid warnings about something that was broken. All very similar stuff - it's kinda like snobbery..... people far down the food chain being dismissed. Excuses being made why warnings weren't heeded. Or I just thought they were the equivalent of a pub Sunday league team before, all mouth but nothing behind it. Whereas now they seems like a professional outfit who can actually communicate. Amazing what a bit of structure can do. Edit: as for snobbery, does dismissing someone's answer count? Quote Link to comment Share on other sites More sharing options...
Matt Posted May 25 Report Share Posted May 25 Just out of curiosity, Haf. Let's assume the FAB were doing what they're doing now back when the BU were starting. Let's assume they had the same support as right now, what do you expect them to achieve and how? And us as fans, what are we supposed to do? Quote Link to comment Share on other sites More sharing options...
Hafnia Posted May 25 Report Share Posted May 25 57 minutes ago, Matt said: Or I just thought they were the equivalent of a pub Sunday league team before, all mouth but nothing behind it. Whereas now they seems like a professional outfit who can actually communicate. Amazing what a bit of structure can do. Edit: as for snobbery, does dismissing someone's answer count? Really? The blue union actually had credible Granada interviews, had Neville Southall supporting and offering interviews.... started up work with food banks that are still going today. no Matt, I think you just bought the club led nonsense that they were a group of Neanderthals and protesting was kopite behaviour despite agms being cancelled and fans being insulted by the likes of Ian Roos. I've given 3 specific examples as to why they were credible. Not had one from you as to why they weren't...... structure you say? Enough structure to agitate the club into telling more lies, enough structure to be able to expose the truth that many of us didn't need version 45.7 to start believing. id at least hold my hands up and say "they were right".... cos we know they were. Quote Link to comment Share on other sites More sharing options...
Matt Posted May 25 Report Share Posted May 25 41 minutes ago, Hafnia said: Really? The blue union actually had credible Granada interviews, had Neville Southall supporting and offering interviews.... started up work with food banks that are still going today. no Matt, I think you just bought the club led nonsense that they were a group of Neanderthals and protesting was kopite behaviour despite agms being cancelled and fans being insulted by the likes of Ian Roos. I've given 3 specific examples as to why they were credible. Not had one from you as to why they weren't...... structure you say? Enough structure to agitate the club into telling more lies, enough structure to be able to expose the truth that many of us didn't need version 45.7 to start believing. id at least hold my hands up and say "they were right".... cos we know they were. That was indeed a very positive for the community, they did and I presume still do great work for the community. But I'm talking about the club part and Ive explained why I didn't like the BU at the time countless times. They were mouthy, at the time there was nothing presented in a way that didn't suggest just pissed off fans and if you didn't believe their fractious "evidence" then their supporters shouted you down, insulted your intelligence, knew all the answers and never took on board criticism. They started amateurish and defensive. The choice of language and approach looked like a whinge and if you didn't agree with them you weren't a Blue. That's why they didn't get the traction that the FAB are getting, they presented themselves poorly to the majority. All that said, 1 thing I probably should hold my hands up for though, the BU umbrella term was used too broadly when conveying my frustrations. It was more the loudmouths that turned people away, still happens today. You can believe what you want, I know what I thought of them then and now. So, what is it we fans were supposed to do again? Ah yes, snobbery. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted May 25 Report Share Posted May 25 29 minutes ago, Matt said: That was indeed a very positive for the community, they did and I presume still do great work for the community. But I'm talking about the club part and Ive explained why I didn't like the BU at the time countless times. They were mouthy, at the time there was nothing presented in a way that didn't suggest just pissed off fans and if you didn't believe their fractious "evidence" then their supporters shouted you down, insulted your intelligence, knew all the answers and never took on board criticism. They started amateurish and defensive. The choice of language and approach looked like a whinge and if you didn't agree with them you weren't a Blue. That's why they didn't get the traction that the FAB are getting, they presented themselves poorly to the majority. All that said, 1 thing I probably should hold my hands up for though, the BU umbrella term was used too broadly when conveying my frustrations. It was more the loudmouths that turned people away, still happens today. You can believe what you want, I know what I thought of them then and now. So, what is it we fans were supposed to do again? Ah yes, snobbery. Mouthy? As opposed to what? - being silent. The only people using inappropriate language was the club and Ian Ross. If you doing follow them you weren't a blue? Where was that stated? - cos I could quote numerous posts calling them out for kopite behaviour. The blue union consisted of KEIOC - they pretty much stopped us ending up in a reebok stadium clone in Kirby.... all on the basis of exposing the free stadium lies peddled by someone who said goodison was failing its safety certificate ..... yeah over 15 years ago! Still functioning. fact is Matt you believed the smears and fell for the bullshit spouted by our club. StevO 1 Quote Link to comment Share on other sites More sharing options...
Matt Posted May 25 Report Share Posted May 25 18 minutes ago, Hafnia said: Mouthy? As opposed to what? - being silent. The only people using inappropriate language was the club and Ian Ross. If you doing follow them you weren't a blue? Where was that stated? - cos I could quote numerous posts calling them out for kopite behaviour. The blue union consisted of KEIOC - they pretty much stopped us ending up in a reebok stadium clone in Kirby.... all on the basis of exposing the free stadium lies peddled by someone who said goodison was failing its safety certificate ..... yeah over 15 years ago! Still functioning. fact is Matt you believed the smears and fell for the bullshit spouted by our club. Still no, why is this so hard to believe. Unless you just don't want to. So, can I ask for a 3rd time; what should the fans have done back then? Quote Link to comment Share on other sites More sharing options...
Hafnia Posted May 25 Report Share Posted May 25 13 minutes ago, Matt said: Still no, why is this so hard to believe. Unless you just don't want to. So, can I ask for a 3rd time; what should the fans have done back then? What should they have done? - well how's about not applauding a bloke who orchestrated him being put on tv screens at goodison in response to the "one man and his dog" protests which were summarised by good old sharpie. your tolerance for mediocrity is just a bit higher than others. you fell for the pr campaign that was created by sub standard operators at the club. The emails that were obtained from Ian Ross outlined their strategy. Quote Link to comment Share on other sites More sharing options...
MikeO Posted May 25 Report Share Posted May 25 10 minutes ago, Hafnia said: What should they have done? - well how's about not applauding a bloke who orchestrated him being put on tv screens at goodison in response to the "one man and his dog" protests which were summarised by good old sharpie. That's what they shouldn't have done Just saying Matt 1 Quote Link to comment Share on other sites More sharing options...
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