gbandit Posted May 6 Share Posted May 6 2 minutes ago, LFEE said: They haven’t passed it have they? I’m fairly sure that they had passed them and the only reason that 777 haven’t assumed ownership is because they held back on making the payment for one of two reasons: Their own financial distress Everton’s financial distress / potential for relegation Link to post Share on other sites More sharing options...
The Prophet Posted May 6 Share Posted May 6 10 minutes ago, Jack27 said: They’ve passed it with conditions, right? Aye, it's not a pass though. It looks unlikely those conditions will be met. Link to post Share on other sites More sharing options...
gbandit Posted May 6 Share Posted May 6 What were the conditions? Link to post Share on other sites More sharing options...
Jack27 Posted May 6 Share Posted May 6 1 minute ago, gbandit said: What were the conditions? They are: that 777 loans to the club have to be converted into equity; funds are required in an escrow account to meet financial obligations for the remainder of the season; proof of funding for the new stadium completion; and a £158m loan to be repaid to MSP. Link to post Share on other sites More sharing options...
Ben Posted May 6 Share Posted May 6 1 minute ago, gbandit said: What were the conditions? Cant challenge the top 6, cant do huge sponsorship deals, must sell your best players and staff to top 6 Link to post Share on other sites More sharing options...
gbandit Posted May 6 Share Posted May 6 2 minutes ago, Jack27 said: They are: that 777 loans to the club have to be converted into equity; funds are required in an escrow account to meet financial obligations for the remainder of the season; proof of funding for the new stadium completion; and a £158m loan to be repaid to MSP. Substantial then. Looks like 777 are fucked either way. Wonder which other disaster capitalists will be eyeing them up instead Link to post Share on other sites More sharing options...
gjohnson Posted May 6 Share Posted May 6 40 minutes ago, gbandit said: I’m fairly sure that they had passed them and the only reason that 777 haven’t assumed ownership is because they held back on making the payment for one of two reasons: Their own financial distress Everton’s financial distress / potential for relegation Seem to recall they passed first time around with no conditions at all. Link to post Share on other sites More sharing options...
Danh1 Posted May 6 Share Posted May 6 Is it bad or good for Everton that these 777 chancers aren’t going to be taking over? Link to post Share on other sites More sharing options...
timeEd32 Posted May 6 Share Posted May 6 10 minutes ago, Danh1 said: Is it bad or good for Everton that these 777 chancers aren’t going to be taking over? It might be bad in the near term, but seems like a gift longer term. I can't imagine it was going to end well. Link to post Share on other sites More sharing options...
gbandit Posted May 6 Share Posted May 6 Can’t see a good outcome either way but this at least probably saves them from one definitively disastrous outcome Link to post Share on other sites More sharing options...
gjohnson Posted May 6 Share Posted May 6 30 minutes ago, gjohnson said: Seem to recall they passed first time around with no conditions at all. They might be physically and electronically skint, but they didn't have the power to upset the league Link to post Share on other sites More sharing options...
r0cafella Posted May 7 Share Posted May 7 1 minute ago, Disco said: Legal threats in 3, 2 … Link to post Share on other sites More sharing options...
Jack27 Posted May 7 Share Posted May 7 12 minutes ago, Disco said: Appeal and fail should be an additional two points. Just for the banter Link to post Share on other sites More sharing options...
gjohnson Posted May 7 Share Posted May 7 15 hours ago, timeEd32 said: It might be bad in the near term, but seems like a gift longer term. I can't imagine it was going to end well. These venture capital/hedge fund takeovers never work out well for clubs Link to post Share on other sites More sharing options...
Armchair Pundit Posted May 7 Share Posted May 7 7 hours ago, r0cafella said: Legal threats in 3, 2 … Hopefully more than just threats though, it's way past time that some of the clubs being punished by these stupid rules fought back against the obvious corruption. Link to post Share on other sites More sharing options...
MagMal Posted May 7 Share Posted May 7 Good, that will fire them up against Chelsea Link to post Share on other sites More sharing options...
FloydianMag Posted May 8 Share Posted May 8 Worth a watch…………Man City’s perspective re the 115 charges and narratives around the club since 2008. Link to post Share on other sites More sharing options...
LFEE Posted May 8 Share Posted May 8 23 hours ago, gjohnson said: These venture capital/hedge fund takeovers never work out well for clubs They shouldn’t be allowed in football. On 06/05/2024 at 18:06, gbandit said: I’m fairly sure that they had passed them and the only reason that 777 haven’t assumed ownership is because they held back on making the payment for one of two reasons: Their own financial distress Everton’s financial distress / potential for relegation Nah it never got quite that far. Still a lot of unanswered questions. Which you’d expect from a Ponzi scheme. They are clearly robbing Peter to pay Paul with all their assets. Link to post Share on other sites More sharing options...
Jack27 Posted May 8 Share Posted May 8 4 minutes ago, Ben said: The fume would be off the charts Link to post Share on other sites More sharing options...
Geogaddi Posted May 8 Share Posted May 8 (edited) Might be in the minority but I hope Man City get away with it all, I love the fact they have stopped the likes of Liverpool , Arsenal and Man United picking up trophies , I like them and Pep a lot and hate them other three clubs so couldn't care less if they have cheated . Edited May 8 by Geogaddi Link to post Share on other sites More sharing options...
midds Posted May 8 Share Posted May 8 Absolutely nobody could have predicted this would happen Link to post Share on other sites More sharing options...
SAK Posted May 8 Share Posted May 8 (edited) Won’t that set a precedent that we can then follow and pay a fine afterwards? edit: not a fine but a financial settlement. Edited May 8 by SAK Link to post Share on other sites More sharing options...
Optimistic Nut Posted May 8 Share Posted May 8 28 minutes ago, Geogaddi said: Might be in the minority but I hope Man City get away with it all, I love the fact they have stopped the likes of Liverpool , Arsenal and Man United picking up trophies , I like them and Pep a lot and hate them other three clubs so couldn't care less if they have cheated . Absolutely worth it for the fume from the Red 3 in particular. Link to post Share on other sites More sharing options...
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