*Shakes head* Everton again.

[Anubis]

https://theathletic.com/5205573/2024/01/16/everton-takeover-777-premier-league/

 

Quote

The Premier League is still “weeks” away from making a decision on whether to approve 777 Partners’ proposed takeover of Everton, the league’s chief executive Richard Masters has admitted.

 

Masters was appearing before members of parliament on the Culture, Media and Sport select committee in Westminster on Tuesday, when he was asked by the committee’s chair, Dame Caroline Dinenage, for an update on the takeover.

 

The league boss said a decision would be announced “as soon as we have completed the process”, before adding “unfortunately, some processes take a matter of weeks; some, if we haven’t had satisfactory answers to the questions we have asked, it takes a lot longer”.

 

Dinenage responded by asking: “How long will this one take?”

 

“It has already been running for a number of weeks, so it’s going to take longer,” replied Masters.

 

Dinenage asked, “How much longer?”, to which Masters said he did not know, as “it is a very difficult question to answer”.

 

“Weeks, days, months, years?” Dinenage pressed.

 

“Hopefully, weeks,” said Masters.

 

Everton’s current owner Farhad Moshiri first announced he had agreed to sell his 94.1 per cent stake in the club to 777, a Miami-based private investment firm, on September 15.

 

That announcement said the deal should be completed by the end of the 2023, with club sources and 777 privately telling reporters the process should take 10 to 12 weeks.

 

That was 18 weeks ago. Since then, the club has been docked 10 points for breaching the league’s spending rules in the four-year period to the summer of 2022 and then charged for a second breach of the same rules for the four-year period to last summer.

 

That has left Everton, who have been members of English football’s top flight since 1954, one point and one place above the drop zone.

 

Meanwhile, 777 has lent Everton £142million ($180m) to pay their monthly bills and finance the completion of the club’s new stadium at Bramley-Moore Dock.

 

However, 777 has also been the subject of numerous media reports, on both sides of the Atlantic, about late payments, legal disputes and regulatory investigations.

 

In the last week alone, The Athletic has revealed that 777 is being sued for $30million in London by three Irish aircraft leasing companies and a similar amount in New York by an American mortgage company.

 

There have also been problems at the football clubs 777 already owns elsewhere, with their Italian side Genoa late with another tax payment last month and Belgian team Standard Liege in trouble for not paying wages and fees on time. 777 has said these issues were relatively minor and have already been resolved, but they will have been noted by the Premier League.

 

And the stakes could not be higher for 777, Everton or the Premier League.

 

For Everton and Forest, it's not ambition that's being punished but a lack of strategy

If 777 is not approved by the league, it will find itself in the difficult position of having lent an already heavily-indebted club a huge sum of money with little or no security, and rejection in England will almost certainly lead to serious questions about its ability to fund the seven other clubs in which it already owns stakes.

 

777, to be clear, has repeatedly said that it expects to be approved by the Premier League, just as it has by several other leagues and federations.

 

For Everton, the consequences are obvious. Moshiri, who has pumped more than £750m into the club since arriving at Goodison Park in 2016, is no longer able to fund them and has been trying to sell the club for over a year. It is becoming increasingly difficult to see how any other buyer would take Everton on now, unless the club’s creditors all agreed to “take haircuts” on the money they are owed. If done via a period in administration, Everton would be hit with an automatic nine-point penalty.

 

And the Premier League knows that its vetting of 777 is taking place with the spectre of an independent regulator for football looking over its shoulder. Get this wrong and that regulator will almost certainly take a firmer grip on club takeovers than it might if the league can demonstrate its ability to run these processes competently.

 

 

Doesn't sound promising, that answer about getting unsatisfactory answers.

[dave u]

It's actually really simple.

 

Punishments must always be severe enough that it isn't worth cheating. If after being punished the guilty party thinks "it was worth it, I'd do it all over again" then the punishment is pointless.

 

So in City's case they need to be stripped of everything, regardless of whether they are handed out to the runners up or left vacant or whatever. They can't be allowed to keep the titles they've won through cheating otherwise there's no deterrent to stop others doing it.

[DalyanPete]

4 minutes ago, Anubis said:

https://theathletic.com/5205573/2024/01/16/everton-takeover-777-premier-league/

 

 

 

Doesn't sound promising, that answer about getting unsatisfactory answers.

It really is comedy gold and everything they deserve. Unless you read the snivelling piece of shite sky have written.

FFS, people on both sides have died but the poor little blues lost some dodgy money.

 

Mistakes have undoubtedly been made by the club's hierarchy but the challenge they face with an ever-changing set of rules and restrictions and a huge blow with the onset of a war in Europe which led to them losing a major income stream has left those at the club and the fans believing that it is help which is needed from the authorities, not punishment.

[DalyanPete]

You're not that relevant fella.

 

• The PL have positioned themselves so they can relegate us

   

  Posted by Midnight Dribbler on January 15, 2024, 9:04 pm

  …. this season at a time of their choosing. Probably in the last week where they leave us 4 points short of safety with a second points penalty imposed. Looking at the timescales we are now pushed into a corner that’s impossible to get out of. Waiting for our first appeal result they could give us 4,6, or zero points back it’s irrelevant. Further charges then to be heard. We appeal. Waiting for appeal of second charges. They see how we are going in the last 17 league games. Appeal result is announced in the last week or so of season, they can do their sums, another 4, 6, 10, 12+ whatever it will take to relegate us. They want us gone and I fear they are now 100% in control of that outcome. Is this a possible scenario given the timescales? It is not too far fetched for this corrupt bunch of twats. I sincerely hope I am wrong

[Babb'sBurstNad]

I like how everyone keeps up the pretence Moshiri owns and funded them.

[dave u]

"they want us gone" is absolutely fucking mental talk. Why would the PL want rid of them at the expense of the likes of Luton, Sheff Utd, Wolves, Bournemouth or whoever? Makes no sense, they might be shite but they're a historically big club and the PL would benefit in no way from them going down. It wouldn't harm the league either (no-one would miss them), but there's no benefit to be had in relegating them and all this tinfoil hat shite coming from them is embarrassing.

[Moo]

5 minutes ago, dave u said:

"they want us gone" is absolutely fucking mental talk. Why would the PL want rid of them at the expense of the likes of Luton, Sheff Utd, Wolves, Bournemouth or whoever? Makes no sense, they might be shite but they're a historically big club and the PL would benefit in no way from them going down. It wouldn't harm the league either (no-one would miss them), but there's no benefit to be had in relegating them and all this tinfoil hat shite coming from them is embarrassing.

 

And you'll never get a sensible answer from them because the only possible reason they could have for thinking it would be cos "der Redshite" want them gone.  But admitting that would mean admitting we're a fucking massive club who could have such enormous levels of influence over the PL and beyond.  But they could never, ever admit to that.

It's a subconscious thing with them and it's driving them mad.

 

[littletedwest]

6 minutes ago, dave u said:

"they want us gone" is absolutely fucking mental talk. Why would the PL want rid of them at the expense of the likes of Luton, Sheff Utd, Wolves, Bournemouth or whoever? Makes no sense, they might be shite but they're a historically big club and the PL would benefit in no way from them going down. It wouldn't harm the league either (no-one would miss them), but there's no benefit to be had in relegating them and all this tinfoil hat shite coming from them is embarrassing.

It's because they stood up against the "scab six"

Ignore the fact they were all fined and new rules put in place by the very same people who are now deducting points.

[Pidge]

The tory chair said a football thing to criticise the big bad Premier League man and they're lapping it up... Like a beaten dog.

[Captain Turdseye]

12 hours ago, Redder Lurtz said:

 

You need a bit of that.

 

Can we have Annie Road on the next pod telling you how he's gonna fight everyone? 

Not if I’ve got anything to do with it. I’ve got a date pencilled in. I’ll be in town having a meal for my uncle’s birthday on the last weekend of February. I can easily spare 20 minutes to meet him and end this once and for all in Williamson Square, outside the club shop. 
 

 

6 hours ago, Bjornebye said:

 

They robbed Spurs blind there. Turdseye could score at Old Trafford. 

 

I’ve only been there once in my life and we won 5-0 and half of their fans left at half time. I fucking love the place. 

[Harry Squatter]

Louis Theroux should do a documentary on them. They are more mental that Trump supporters or the bible bashers who hate everyone and protest everywhere.

[Wezza]

At least if they do get relegated they can all say told you so.  

 

[Denny Crane]

2 hours ago, Bobby Hundreds said:

Stop cheating then..it has to be a sporting punishment. What's a fine to the Saudis or Abu Dhabi.  Everton knowingly and willingly went over the limit because they thought fuck you, you won't touch us. Parry is a fucking bell end.  

 

Man city should be stripped of everything they've "won" they cheated sides who played by the rules, it doesn't matter whether you like the rules or not if they exist you follow them and if you break them you pay the price.

 

 

I think Wengers doping analogy was accurate and you treat doping by expunging records and severe punishment. The thing is you are reliant on owners of Premier League clubs to act to protect sporting integrity when they will be looking at what is best for the bottom line. They all get to participate in marking their homework. 

 

The Premier League are meeting next month to discuss this squad cost ratio Parry mentioned. You need 14 to change rules right. I suspect the clubs who are charged will try and use this to their advantage. When I hear Parry and the tory chair mentioning retrospective punishment as a weakness, I'm like what are they cooking. It's not farfetched to think the Premier League are looking for a way not to punish their shareholders. 

 

[Lee909]

Forest are absolutely guilty and the excuse on the Johnson deal need ignoring. They spent ridiculous amounts on a ridiculous amount of players. If they knew the accounts wouldn't work out they shouldn't have bought a player or two

 

Everton can fuck off aswell. They admitted to spending on midfielders and had the accounts all worked out providing they finished in the top 10. They didn't. They are a vegas gambler that went all in and lost going back home on Monday morning telling the wife it's not their fault, they had a good hand and that the casino is corrupt. Only in this case the wife is a nut job and believes him and is currently outside the hotel with little red placards 

[3 Stacks]

They're at the "trying to find technicalities" stage. 

 

Saying the Premier League dont have a clear process to deal with these cases, we need transparency, etc, etc...

[Pete]

5 minutes ago, Lee909 said:

Forest are absolutely guilty and the excuse on the Johnson deal need ignoring. They spent ridiculous amounts on a ridiculous amount of players. If they knew the accounts wouldn't work out they shouldn't have bought a player or two

 

Everton can fuck off aswell. They admitted to spending on midfielders and had the accounts all worked out providing they finished in the top 10. They didn't. They are a vegas gambler that went all in and lost going back home on Monday morning telling the wife it's not their fault, they had a good hand and that the casino is corrupt. Only in this case the wife is a nut job and believes him and is currently outside the hotel with little red placards 

Red placards?  Red? Red!?!

[Lee909]

The premier league should just yeah find let's relook at the books and your covid loses

 

Please explain how you lost more money that all the clubs with bigger stadiums,some three or four times more. And then dock them points based on the actual numbers not the fantasy shit they let them off on

[Lee909]

1 minute ago, Pete said:

Red placards?  Red? Red!?!

 

Red equals corrupt

 

Also my mistake the weird colour ones that aren't pink or red

[Anubis]

1 hour ago, littletedwest said:

It's because they stood up against the "scab six"

Ignore the fact they were all fined and new rules put in place by the very same people who are now deducting points.

The line is that they stood up for the integrity of football over the ESL so the Cartel (which actually consists of just 3 clubs who play in red - us, Arsenal and Utd - I shit you not) want them gone.

[VERBAL DIARRHEA]

Khaleed to The Brick make haste!

[Anubis]

More likely to get Salt Bae.

[VERBAL DIARRHEA]

2 minutes ago, Anubis said:

More likely to get Salt Bae.

Liverpool Bay. What is it with the geography on here.

[magicrat]

2 hours ago, dave u said:

"they want us gone" is absolutely fucking mental talk. Why would the PL want rid of them at the expense of the likes of Luton, Sheff Utd, Wolves, Bournemouth or whoever? Makes no sense, they might be shite but they're a historically big club and the PL would benefit in no way from them going down. It wouldn't harm the league either (no-one would miss them), but there's no benefit to be had in relegating them and all this tinfoil hat shite coming from them is embarrassing.

Just thinking the same . Relegating Everton is certainly not what the PL want to do but they have given themselves no option but to apply the rules in exactly the same way as they did a couple of months ago . Anyway a season in the Championship with the parachute money probably wouldn’t kill them and they would finally be in with a real chance of a league title 

[Paulie Dangerously]

I fear for them, I really do. 

[Creator Supreme]

47 minutes ago, VERBAL DIARRHEA said:

Liverpool Bay. What is it with the geography on here.

It's Everton, Colwyn Bay shirley.