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Post by halewoodblue on Dec 31, 2023 8:45:07 GMT
Yeah see no reason why not. They cleared the first hurdle I can't see it being totally completed until the end of the season , if we are relegated , price will drop. Only 5 more months to drag this out. They will want this sorted ASAP, same as Moshiri
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Post by rugbytoffee on Dec 31, 2023 13:38:03 GMT
I can't see it being totally completed until the end of the season , if we are relegated , price will drop. Only 5 more months to drag this out. They will want this sorted ASAP, same as Moshiri Somehow I don't share your optimism , but hey time will tell.
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Post by rugbytoffee on Jan 4, 2024 13:42:11 GMT
Standard Liege, one of the clubs in the portfolio of prospective Everton owners 777 Partners, posted losses of €20.3 (£17.5m) for the most recent financial year.
The financial results of the Belgian Pro League side were published by the Belgian national bank on Wednesday and covered the first full year of ownership of Standard Liege by Miami-based 777 Partners, who acquired the club back in March 2022.
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Post by rugbytoffee on Jan 8, 2024 18:57:33 GMT
This ownership saga has been dragging on since the Miami-based group first agreed in September to buy all of Farhad Moshiri's shares and complete a full takeover of Everton.
Since then the club have been docked ten points for breaching Profit and Sustainability rules and now faces further scrutiny of their finances too.
And the group have already advanced the Blues a considerable amount to keep the club going with an interim board of directors in post and with Moshiri apparently no longer provinding finance once the takeover was agreed.
Now, it has become clear they are contining to fund the Toffees with another £50 million while the process of approving their takeover drags on.
They have managed to get over one hurdle which is the approval of the Financial Conduct Authority but the Americans are still waiting for the Premier League and their owners and directors test to be cleared.
Anyway, as they wait for that process to be completed, Everton need continuing finances to keep the club afloat and pay wages etc.
It is not certain that 777 Partners can continue to prvide these sort of funds and they are likely to pull out of a possible deal unless they get a resolution soon.
That would be potetnially disasterous as they club would be saddled with massive further debt and no obvious way to pay it back.
All this continuing uncertainty is not helping Sean Dyche or his team to make progress on the pitch and help to ensure the Toffees won't be facing another relegation fight this season.
Not for the first time the Blues seem to be under seige with the points deduction, possible further punishment, still no certainty of whether they have new owners or not and almost weekly problems with officiating.
On top of all that with the transfer window having opened there is little prospect of the club being able to significantly strengthen unless they can find a few loan deals or free agent signings
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Post by rugbytoffee on Jan 8, 2024 18:59:53 GMT
Prospective Everton owner 777 Partners has made a significant move by injecting an additional $50 million (£40m) into the club. This fresh influx of cash by the U.S. investment firm, which is yet to receive Premier League approval for its proposed takeover, is a clear statement of intent. The cumulative investment now stands north of $180 million (£142m), including a substantial loan provided last September. Strategic Use of Funds Amidst Challenges Contrary to expectations, the recent financial boost will not bolster Everton’s transfer budget. David Ornstein and Patrick Boyland of The Athletic highlight that “The latest boost will not be available for transfers, but instead will be used for ongoing stadium costs and working capital amid a perilous situation that has already brought a 10-point deduction from the Premier League, which the club has appealed.” This decision indicates a strategic approach to stabilising the club’s finances and focusing on long-term infrastructural development, notably the new Bramley-Moore Dock stadium, slated to open in the 2025-26 season. Everton’s Road to Recovery Everton’s journey under current majority shareholder Farhad Moshiri has been tumultuous, to say the least. Moshiri’s agreement to sell his 94.1% shares to Miami-based 777 Partners last September marks a pivotal turn. This deal could herald a new era for the Merseyside club, provided the Premier League sanctions it. The focus on infrastructure over player acquisition is a prudent move, given the club’s recent 10-point deduction and financial predicaments. 777 Partners: Diverse Portfolio and Football Ambitions 777 Partners, established in 2015 and led by Steven Pasko and Josh Wander, brings to the table expertise from various sectors including aviation, financial services, insurance, and media. Their recent foray into building a global network of football clubs adds a fascinating dimension to this potential takeover. “Prospective Everton owner 777 Partners has provided the club with a fresh cash injection of $50million (£40m),” as noted in the original article, underscores their commitment to redefining Everton’s future. eplindex.com/
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