Hobsons Choice Posted May 13 VT Supporter Share Posted May 13 On 04/05/2024 at 21:54, Villaphan04 said: uh oh, trouble in paradise. If the President does it, it can't be illegal? Link to comment Share on other sites More sharing options...
479Villan Posted May 24 Share Posted May 24 https://www.bbc.com/sport/football/articles/c7221jz51e1o This could be bad news for Palace.... Link to comment Share on other sites More sharing options...
Zatman Posted May 25 Share Posted May 25 9 hours ago, 479Villan said: https://www.bbc.com/sport/football/articles/c7221jz51e1o This could be bad news for Palace.... He isnt a very good owner, Lyon fans weren't happy with him and his Belgian team got relegated Parish is pretty much the brains at Palace Link to comment Share on other sites More sharing options...
mjmooney Posted June 1 VT Supporter Share Posted June 1 Missed the deadline for the 777 takeover. Link to comment Share on other sites More sharing options...
theboyangel Posted June 1 Share Posted June 1 (edited) official statement - takeover has collapsed. Anticipate the part owner of Palace, Textor to officially enter the fray now. Edited June 1 by theboyangel Link to comment Share on other sites More sharing options...
Zatman Posted June 1 Share Posted June 1 2 minutes ago, theboyangel said: official statement - takeover has collapsed. Anticipate the part owner of Palace, Textor to officially enter the fray now. Think he has to sell Palace first Link to comment Share on other sites More sharing options...
bannedfromHandV Posted June 1 Share Posted June 1 I really don’t get this whole process with 777, it’s left me wondering if it was all a sham from the outset but to what end? What have 777 gotten out of the alleged £200M+ that they’ve already ‘invested’ in the club, money that has basically kept the club afloat this season and avoiding administration I assume. How does this factor into the PSR rules and how is it any different to any other ‘owner/investor’ deciding to pump millions into a club? Just seems utterly bizarre to me. How much more than the £200M+ they’ve already put in would they have needed to finalise the purchase, if the money already spent hasn’t gone toward the overall sale price then again, why? What the flying heck have 777 gotten out of this other than being £200M down?! 2 Link to comment Share on other sites More sharing options...
Czarnikjak Posted June 1 Share Posted June 1 9 minutes ago, bannedfromHandV said: I really don’t get this whole process with 777, it’s left me wondering if it was all a sham from the outset but to what end? What have 777 gotten out of the alleged £200M+ that they’ve already ‘invested’ in the club, money that has basically kept the club afloat this season and avoiding administration I assume. How does this factor into the PSR rules and how is it any different to any other ‘owner/investor’ deciding to pump millions into a club? Just seems utterly bizarre to me. How much more than the £200M+ they’ve already put in would they have needed to finalise the purchase, if the money already spent hasn’t gone toward the overall sale price then again, why? What the flying heck have 777 gotten out of this other than being £200M down?! Nothing. It wasn't their money though. They are a ponzi scheme (that is now collapsing), it was other people's money who were foolish enough/scammed to invest in 777. Link to comment Share on other sites More sharing options...
PaulC Posted June 1 Share Posted June 1 Everton won't end up owning their new ground will they if that's whats propping up the debt. Link to comment Share on other sites More sharing options...
stewiek2 Posted June 1 Share Posted June 1 They're royally foooked. They need to shift 100m of players by end of June or face another points reduction and I'm sure 777 Partners aren't going to just let them off that 200m. Link to comment Share on other sites More sharing options...
bannedfromHandV Posted June 1 Share Posted June 1 1 hour ago, stewiek2 said: They're royally foooked. They need to shift 100m of players by end of June or face another points reduction and I'm sure 777 Partners aren't going to just let them off that 200m. But it hasn’t been positioned as them loaning them the money has it? Hence my confusion over what the arrangement actually is 1 Link to comment Share on other sites More sharing options...
stewiek2 Posted June 1 Share Posted June 1 1 hour ago, bannedfromHandV said: But it hasn’t been positioned as them loaning them the money has it? Hence my confusion over what the arrangement actually is Probably not a loan. But if anyone thinks they'll write off that 200m they're in for a rude awakening. 1 Link to comment Share on other sites More sharing options...
PaulC Posted June 1 Share Posted June 1 New owners will have to take over their debts which could be a problem. Nobody is going to psy full price for their plsyers knowing the difficulty they are in. Link to comment Share on other sites More sharing options...
trekka Posted June 1 VT Supporter Share Posted June 1 44 minutes ago, PaulC said: New owners will have to take over their debts which could be a problem. Nobody is going to psy full price for their plsyers knowing the difficulty they are in. I dunno, maybe there will be an auction of sorts and it will be open Gangnam style. 1 Link to comment Share on other sites More sharing options...
villa89 Posted June 1 Share Posted June 1 3 hours ago, bannedfromHandV said: But it hasn’t been positioned as them loaning them the money has it? Hence my confusion over what the arrangement actually is I assume it was positioned to be converted into equity but now the takeover has fallen through it becomes a loan. 1 Link to comment Share on other sites More sharing options...
desensitized43 Posted June 2 Share Posted June 2 It’s in the S*n, so it must be true, but they’ve apparently put the entire squad up for the sale to try and comply with PSR by end of June. This whole PSR thing is bollocks. They’ll sell everyone to comply and end up with a shitty squad that won’t be able to survive. They’d do better sticking two fingers to the rules, take the deduction and try and survive with a better squad. Link to comment Share on other sites More sharing options...
Zatman Posted June 2 Share Posted June 2 5 minutes ago, desensitized43 said: It’s in the S*n, so it must be true, but they’ve apparently put the entire squad up for the sale to try and comply with PSR by end of June. This whole PSR thing is bollocks. They’ll sell everyone to comply and end up with a shitty squad that won’t be able to survive. They’d do better sticking two fingers to the rules, take the deduction and try and survive with a better squad. Maybe they should have ran the club properly and they would be fine 1 Link to comment Share on other sites More sharing options...
Czarnikjak Posted June 2 Share Posted June 2 1 hour ago, desensitized43 said: It’s in the S*n, so it must be true, but they’ve apparently put the entire squad up for the sale to try and comply with PSR by end of June. This whole PSR thing is bollocks. They’ll sell everyone to comply and end up with a shitty squad that won’t be able to survive. They’d do better sticking two fingers to the rules, take the deduction and try and survive with a better squad. It's not true. Don't read the S*n. 1 Link to comment Share on other sites More sharing options...
Demitri_C Posted June 2 Share Posted June 2 On 12/05/2024 at 17:56, sidcow said: I just can't understand why some billionaire isn't interested in buying them. With the news stadium they should be a tidy investment. Yeah it makes no sense to me. If blose who are a absolute shithole of a club can find wealthy owners how can everton not? 1 Link to comment Share on other sites More sharing options...
VillaChris Posted June 2 Share Posted June 2 Kevin Campbell seriously unwell in hospital. Played for Forest and Arsenal but his most successful spell was with Everton in late 90s/early 2000s. Pretty good striker in his day. Wish him all the best but doesn't sound great from rumours online. Link to comment Share on other sites More sharing options...
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