Re: 777 Partners Takeover
Posted: Thu Mar 28, 2024 2:11 pm
WHY ? The penny dropped with me where everton are concerned about 1986 !!
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WHY ? The penny dropped with me where everton are concerned about 1986 !!
Nothing if they go bust... Can't help feeling they're a sinking ship and failing to take us over could see them in real trouble.Kerryblueboy wrote: ↑Thu Mar 28, 2024 4:46 pm How much are we going to owe these guys if they aren’t successful in taking us over
At the end of May 2023, MSP Sports Capital provided Everton with a much needed loan to assist with the payments to Laing O’Rourke for the works on the new stadium at Bramley-Moore Dock. On the 23rd May 2023 a new charge appeared on the Everton Stadium Development Company’s listing at Companies House. This charge was in favour of a company called Blythe Capital. Blythe Capital is owned by life long Evertonian and successful businessman Andy Bell (and his wife). Blythe acted, indeed still acts, as the security agent for a loan made by MSP to Everton Stadium Development Company.
As part of MSP’s security arrangements, it has long been known, but not reported upon, that Blythe Capital had a charge not only on the leasehold land containing the Bramley-Moore Stadium , (as seen here on Companies House) but also on the company used by Moshiri to hold his 94.1% shareholding in Everton – the somewhat ironically named Blue Heaven Holdings, an Isle of Man Company.
If the loan is repaid then Blythe/MSP fall out of the equation. The assumption is that the loan will only be repaid if all of the other conditions imposed by the Premier League on 777 Partners are fulfilled.
However if not (as I anticipate) then not only do 777 Partners fail to meet the Premier League conditions, but Blythe acting as security agents for MSP have the right to acquire a controlling stake in Everton Football Club should they choose to do so
In those circumstances MSP control Everton Football Club having 67,501 shares out of a total of 135,000 issued shares. Farhad Moshiri’s holding fall from 127,031 to 59,530 shares, ie he no longer controls Everton Football Club.
What could possibly go wrong.777Kidnappings wrote: ↑Sun Apr 07, 2024 2:50 pm Saw a story today suggesting that they might look to sell the stadium to the other investment group that failed against them. So 777 would own us and the other lot would own the stadium and we'd have fuck all
We have fuck all at the moment so no change there.777Kidnappings wrote: ↑Sun Apr 07, 2024 2:50 pm Saw a story today suggesting that they might look to sell the stadium to the other investment group that failed against them. So 777 would own us and the other lot would own the stadium and we'd have fuck all
Basically selling our own stadium just to fund buying us777Kidnappings wrote: ↑Sun Apr 07, 2024 2:50 pm Saw a story today suggesting that they might look to sell the stadium to the other investment group that failed against them. So 777 would own us and the other lot would own the stadium and we'd have fuck all
I guess to be fair to them it's a stadium we've paid for with debt the club can't manage. Biggest cunts are the 1s who put us in this awful positionCereal Killer wrote: ↑Sun Apr 07, 2024 5:38 pm Basically selling our own stadium just to fund buying us
Fuck these cunts right off