Something about this one seems so tinpot
End of Moshiri - Friedkin, APPROVAL AGREED
- MayorFarnham
- Posts: 799
- Karma: 407
Re: 777 Partners Takeover
Stefan Borson, supposedly a football finance expert, was on talksport yesterday and didn't sound particularly convinced by any of the bids that are in the media at the moment.
In fact he said the most likely was the Bell/Downing bid.
In fact he said the most likely was the Bell/Downing bid.
Re: 777 Partners Takeover
The problem is our losses. Whoever takes over needs to have either the funds to cover our annual losses, or have access to loans at favourable rates which just increases the clubs debt. We need to move away from the PPR 'allowable loss limit' and be run as a proper business making money or at worst breaking even. But thats not going to be an overnight change, so access to the funds knowing we're going to lose money in the short term is massively important else we'll just end up in the same position we are now.
Re: 777 Partners Takeover
They all sound tinpot but it’s the situation we are in.
Best we can hope for is a steadying of the ship for the next few years then a sell on once we’re reaping the rewards of the new stadium and are in a better financial position.
Best we can hope for is a steadying of the ship for the next few years then a sell on once we’re reaping the rewards of the new stadium and are in a better financial position.
Re: 777 Partners Takeover
The Esk been posting some shit today about the only feasible option is something like Bell and Downing backed by A Cap whatever the fuck that means.
Re: 777 Partners Takeover
Think so, to me it seems more and more clear how partizan he is and probably has been all along re: bell and downing.
Certainly better than a-cap.
Can't speak on the others!
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Cereal Killer
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Re: 777 Partners Takeover
Probably the only ones that acknowledge he exists in some shape or form
Not some foreign investors he has no clue about
Re: 777 Partners Takeover
The mention of 777 Partners in any form (A-Cap) scare's me to death!
Please let someone else buy us, rather than that lot
Please let someone else buy us, rather than that lot
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Free Agent
- Posts: 1148
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Re: 777 Partners Takeover
Am sure I saw something about Mosh leaning towards A-cap earlier today - would be an utter disaster if true
Re: 777 Partners Takeover
I'm not sure any are looking at coming in with long term ambitions, seems most likely someone will come in for a year or two, get us on an even footing and look to sell for a profit.Free Agent wrote: ↑Thu Jun 13, 2024 2:26 pm Am sure I saw something about Mosh leaning towards A-cap earlier today - would be an utter disaster if true
A-Cap definitely would worry me the most though as feels like they've ended up in a situation where buying us and selling any decent players we have would be the quickest way to reclaim some of the debt they've bought.
We kind of need someone we owe loads to in a way to sort of take us on and totally restructure their own debt repayments to something much more favourable, but I don't see A-Cap as being that group.
Quite like the idea of the Friedkin fellow if we're talking someone not already financially invested, but he did employ Mourinho so that's a bit of a red flag, and I get the impression the deal he's offering doesn't give Moshiri any money so doubt it'd be a goer.
- MayorFarnham
- Posts: 799
- Karma: 407
Re: 777 Partners Takeover
The length of time Moshiri was willing to give 777 and the lack of enthusiasm for the other supposedly interested parties points to the uncomfortable notion that 777 were the only viable offer.