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Financial Fair Play / Profit & Sustainability


Mattoon

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25 minutes ago, The Prophet said:

Right City, at these corrupt, status quo loving, ambition hating cunts.

Is the hearing today? How long do we expect it’ll last? 

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A consortium of international investors, which involves a member of the Saudi royal family, has made a £400m offer to buy Premier League club Everton.

Farhad Moshiri agreed to sell his 94% stake to 777 Partners in September, but the investment firm could not complete the deal, opening the way for others to make a takeover bid.

Local businessmen Andy Bell and George Downing, as well as MSP Sports Capital - who have lent the Toffees around £158m - are also in the running for a period of exclusivity after lodging bids.

London-based businessman and lawyer Vatche Manoukian is leading a bid alongside an unnamed Saudi royal and families with a high-net worth from the United States.

Manoukian and his consortium have proposed an all-equity offer which would not take on additional debt and would aim to create a sustainable, long-term strategy.

They see Everton as a "sleeping giant" of English football with potential to secure a place "at the top of world football again" through the new stadium being built on Bramley-Moore Dock.

Manoukian, 45, is a partner at tech investment firm IMS Digital Ventures and is backed by Australia's Myer family.

Roma owner Dan Friedkin, Michael Dell of Dell Technologies and Kenneth King of investment firm A-Cap are understood to be interested too.

Saudi Arabia's Public Investment Fund, which lists the country's Crown Prince Mohammed bin Salman as chair, completed a £305m takeover of Newcastle in October 2021.

 

Scouse Mackems gonna feel the anger of the original Mackems.

 

 

Edited by Dokko

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Premier league is corrupt past the point of redemption. It is a shell company representing the interests of about 5 teams.

Chelsea are literally doing wtf they want with no charges even though they sell hotels to themselves ffs

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If City win - the flood gates will open for us. I am past caring about the ethics around inflated sponsorship deals I just want us to go for it.

 

 

Edited by duo

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5 hours ago, Dokko said:

A consortium of international investors, which involves a member of the Saudi royal family, has made a £400m offer to buy Premier League club Everton.

Farhad Moshiri agreed to sell his 94% stake to 777 Partners in September, but the investment firm could not complete the deal, opening the way for others to make a takeover bid.

Local businessmen Andy Bell and George Downing, as well as MSP Sports Capital - who have lent the Toffees around £158m - are also in the running for a period of exclusivity after lodging bids.

London-based businessman and lawyer Vatche Manoukian is leading a bid alongside an unnamed Saudi royal and families with a high-net worth from the United States.

Manoukian and his consortium have proposed an all-equity offer which would not take on additional debt and would aim to create a sustainable, long-term strategy.

They see Everton as a "sleeping giant" of English football with potential to secure a place "at the top of world football again" through the new stadium being built on Bramley-Moore Dock.

Manoukian, 45, is a partner at tech investment firm IMS Digital Ventures and is backed by Australia's Myer family.

Roma owner Dan Friedkin, Michael Dell of Dell Technologies and Kenneth King of investment firm A-Cap are understood to be interested too.

Saudi Arabia's Public Investment Fund, which lists the country's Crown Prince Mohammed bin Salman as chair, completed a £305m takeover of Newcastle in October 2021.

 

Scouse Mackems gonna feel the anger of the original Mackems.

 

 

 

Surely the Scouse Mackems won't want this.

 

You know based on their reaction to our takeover.

 

I sense some hypocrisy in the near future in Merseyside... 🤣

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41 minutes ago, Joe1984 said:

Surely the Scouse Mackems won't want this.

 

You know based on their reaction to our takeover.

 

I sense some hypocrisy in the near future in Merseyside... 🤣

from an Everton fan

"been reading a mixed bag of thoughts on possible Saudi involvement and looks like its already splitting opinion on GoT.

Tbh think most just want to see the back of Moshiri and the club been ran well again for the first time in about 9years

Just good to see plenty of interest after FM gave 777 a free run at it"

 

Well I never, who'd have thunk it

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I don’t like what Man City did but if that’s the end of this fucking shit cartel rules that only benefits those Big 5 then he got my full support 

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I think if the rules do change we should start dropping £200m bids on the likes of Alisson, Saka, Bruno Fernandes, for the craic.

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“Some of the rules have actually resulted in cementing the status quo more than creating upward mobility and fluidity in the sport. The rules do not make sense and are not good for football.

 

Managing a sports team has become more like being a treasurer or a bean counter rather than looking at what your team needs. It’s more about creating paper profits, not real profits. It becomes a financial game, not a sporting game.”

 

Absolutely in no way a dig at the 8 year contract giving, hotel sale and leaseback enacting Yankee hustlers at Stamford Bridge.

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If it does all come crashing down, those established elite clubs will have nobody to blame but themselves. They’ve had ample opportunity to create rules which promote competition and yet at every turn they’ve done everything In their power to do the opposite. 

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3 hours ago, Nucasol said:

“Some of the rules have actually resulted in cementing the status quo more than creating upward mobility and fluidity in the sport. The rules do not make sense and are not good for football.

 

Managing a sports team has become more like being a treasurer or a bean counter rather than looking at what your team needs. It’s more about creating paper profits, not real profits. It becomes a financial game, not a sporting game.”

 

Absolutely in no way a dig at the 8 year contract giving, hotel sale and leaseback enacting Yankee hustlers at Stamford Bridge.

Very well put that. Said it loads recently, being a football fan is quickly being replaced by being an accountant

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I imagine if those top 5-6 teams don't get their way they'll just up sticks and jump in with trying to set up a new European Super League again. Still, fuck them, fuck them all, we've been cheated and held back by the bastards for long enough, roll on when the Prem's stupid rules fall and their corruption is exposed.

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4 minutes ago, Armchair Pundit said:

I imagine if those top 5-6 teams don't get their way they'll just up sticks and jump in with trying to set up a new European Super League again. Still, fuck them, fuck them all, we've been cheated and held back by the bastards for long enough, roll on when the Prem's stupid rules fall and their corruption is exposed.

 

This could fail.  Players would follow the money.  The TV money would follow the best players.  If us, villa, Everton one or two others and maybe not all 6 jump ship and get investment.  Then Germany and maybe France don't go.  You end up with a "Super leauge" that could go bankrupt.  

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