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LFC.
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hence to a degree saying I felt sorry for them and no derby would be sad and shock to all our systems. Really hope they hang in there as weird as it sounds saying it...... TBH I always have some kind of hurt for certain clubs when relegated when I have had a liking to X player/s or that they we're one of the old Clubs who we're in Div1 pre EPL due to their long time history. Last Toffees were relegated was '50/51 !
Love Football
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riquelmes_laces
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+x+x+x+xWonder if the EPL will OK this 777 bought a 45% stake in the British Basketball League in 2021, in a deal which was determined to present no conflict of interest despite the same firm also owning the London Lions, who won the title last season. In a statement, 777 said it "categorically confirms that there is no investigation into its ownership of the London Lions, and that these rumours are completely unfounded". . . . "They have very much got a portfolio full of distressed assets and struggling football clubs, and while there has been considerable work undertaken in growing their portfolio, there’s been very little in terms of on-pitch success to suggest that this will be any different for Everton. https://www.bbc.com/sport/football/teams/everton Many in the UK are stating 777 won't pass the smell test with their muted takeover of Everton. Poor Toffees are probably itching to see the back of Moshiri but this is just sad now ..... too true and even I feel a bit of sorry for them hahaha Surely as a scouser you'd be upset if Everton went down. Whatever the position they are on the table, no Merseyside derby is just something I couldn't fathom.
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Monoethnic Social Club
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+x+x+x+x+x777 buying a major share in Everton. If the FA approves whether they are fit for ownership. The sale is expected to be completed by the end of 2023, subject to - Premier League,
- Football Association and
- Financial Conduct Authority approval.
Josh Wander, the 777 founder, said: "We are truly humbled by the opportunity to become part of the Everton family as custodians of the club, and consider it a privilege to be able to build on its proud heritage and values."Our primary objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men's and women's teams that will deliver results for future generations of Everton supporters." Oh boy, They might want to check with 777's other football "assets" Herta are now in the second division, Sevilla are in the relegation zone and Standard Leige's fans are in active revolt against their owners. As for Melbourne Victory????? lets see if they are still around next year :) I'm sure the prospect would excite you, Con. My name isn't Con but the rest of that pathetic attempt at a racist slur rings true Pasquale.
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PGR
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+x+x+x+x777 buying a major share in Everton. If the FA approves whether they are fit for ownership. The sale is expected to be completed by the end of 2023, subject to - Premier League,
- Football Association and
- Financial Conduct Authority approval.
Josh Wander, the 777 founder, said: "We are truly humbled by the opportunity to become part of the Everton family as custodians of the club, and consider it a privilege to be able to build on its proud heritage and values."Our primary objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men's and women's teams that will deliver results for future generations of Everton supporters." Oh boy, They might want to check with 777's other football "assets" Herta are now in the second division, Sevilla are in the relegation zone and Standard Leige's fans are in active revolt against their owners. As for Melbourne Victory????? lets see if they are still around next year :) I'm sure the prospect would excite you, Con.
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Monoethnic Social Club
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+x+x+x777 buying a major share in Everton. If the FA approves whether they are fit for ownership. The sale is expected to be completed by the end of 2023, subject to - Premier League,
- Football Association and
- Financial Conduct Authority approval.
Josh Wander, the 777 founder, said: "We are truly humbled by the opportunity to become part of the Everton family as custodians of the club, and consider it a privilege to be able to build on its proud heritage and values."Our primary objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men's and women's teams that will deliver results for future generations of Everton supporters." Oh boy, They might want to check with 777's other football "assets" Herta are now in the second division, Sevilla are in the relegation zone and Standard Leige's fans are in active revolt against their owners. As for Melbourne Victory????? lets see if they are still around next year :)
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numklpkgulftumch
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+x+x777 buying a major share in Everton. If the FA approves whether they are fit for ownership. The sale is expected to be completed by the end of 2023, subject to - Premier League,
- Football Association and
- Financial Conduct Authority approval.
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numklpkgulftumch
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LFC.
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+x+x+xWonder if the EPL will OK this 777 bought a 45% stake in the British Basketball League in 2021, in a deal which was determined to present no conflict of interest despite the same firm also owning the London Lions, who won the title last season. In a statement, 777 said it "categorically confirms that there is no investigation into its ownership of the London Lions, and that these rumours are completely unfounded". . . . "They have very much got a portfolio full of distressed assets and struggling football clubs, and while there has been considerable work undertaken in growing their portfolio, there’s been very little in terms of on-pitch success to suggest that this will be any different for Everton. https://www.bbc.com/sport/football/teams/everton Many in the UK are stating 777 won't pass the smell test with their muted takeover of Everton. Poor Toffees are probably itching to see the back of Moshiri but this is just sad now ..... too true and even I feel a bit of sorry for them hahaha
Love Football
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Monoethnic Social Club
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+x+xWonder if the EPL will OK this 777 bought a 45% stake in the British Basketball League in 2021, in a deal which was determined to present no conflict of interest despite the same firm also owning the London Lions, who won the title last season. In a statement, 777 said it "categorically confirms that there is no investigation into its ownership of the London Lions, and that these rumours are completely unfounded". . . . "They have very much got a portfolio full of distressed assets and struggling football clubs, and while there has been considerable work undertaken in growing their portfolio, there’s been very little in terms of on-pitch success to suggest that this will be any different for Everton. https://www.bbc.com/sport/football/teams/everton Many in the UK are stating 777 won't pass the smell test with their muted takeover of Everton. Poor Toffees are probably itching to see the back of Moshiri but this is just sad now .....
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riquelmes_laces
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+x777 buying a major share in Everton. If the FA approves whether they are fit for ownership.
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SUTHERLANDBEAR
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777 buying a major share in Everton.
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riquelmes_laces
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+xWonder if the EPL will OK this 777 bought a 45% stake in the British Basketball League in 2021, in a deal which was determined to present no conflict of interest despite the same firm also owning the London Lions, who won the title last season. In a statement, 777 said it "categorically confirms that there is no investigation into its ownership of the London Lions, and that these rumours are completely unfounded". . . . "They have very much got a portfolio full of distressed assets and struggling football clubs, and while there has been considerable work undertaken in growing their portfolio, there’s been very little in terms of on-pitch success to suggest that this will be any different for Everton. https://www.bbc.com/sport/football/teams/everton Many in the UK are stating 777 won't pass the smell test with their muted takeover of Everton.
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numklpkgulftumch
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Wonder if the EPL will OK this 777 bought a 45% stake in the British Basketball League in 2021, in a deal which was determined to present no conflict of interest despite the same firm also owning the London Lions, who won the title last season. In a statement, 777 said it "categorically confirms that there is no investigation into its ownership of the London Lions, and that these rumours are completely unfounded". . . . "They have very much got a portfolio full of distressed assets and struggling football clubs, and while there has been considerable work undertaken in growing their portfolio, there’s been very little in terms of on-pitch success to suggest that this will be any different for Everton. https://www.bbc.com/sport/football/teams/everton
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numklpkgulftumch
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+x+x+x+xAlso signed the biggest sponsorship deal in their history. A four year deal with Bonza, Yes. This is good news so this thread will only get four replies The private equity investor was given the option to own up to 70 per cent of the club within five years through an investment of up to $30 million, the documents show.
After four or five years, 777 Partners also had the right to walk away from Victory and be repaid the $30 million at a compounding interest rate of 10 per cent a year.
The deal would also give it a preferential position over existing shareholders if Victory was liquidated.
When the deal was announced, Victory chairman Anthony Di Pietro described it as a “strategic investment” that would “supercharge its growth strategy”.  Nothing to see here.  Additional aircraft intended for the airline have been redirected elsewhere, in one instance to Poland due to the airline not being ready to pilot an extra plane. But delivery of another 737-Max 8 was redirected to the Canadian low-cost carrier Flair – another subsidiary of 777 Partners, the US private equity firm that funded Bonza’s establishment and is its largest single shareholder. That followed four of Flair’s aircraft being repossessed this year due to missed payments and debts. Last week 777 Partners said it looked forward to “vigorously defending” a lawsuit filed in Delaware in the US by its former principal Timothy O’Neil-Dunne. While the legal action relates to his time with the group, it also includes claims that 777 Partners – which also invests in fintech, litigation and sports teams including Melbourne Victory – financially exploited its subsidiary airlines by overcharging for the planes it leases to them. Canadian media reported Flair was repaying a loan to 777 Partners at 18% interest. Regarding the allegations of lease overcharging, Povey told Guardian Australia: “Let me put it this way, it has been a significant journey to get where we are today. It was 15 months of investment and support to get Bonza off the ground.” “We simply wouldn’t be here today if it weren’t for 777 Partners. We’ve been incredibly supported and it’s hard to break through in the Australian market given the duopoly, and they believe in what we do.” 777 Partners said “the allegations in the lawsuit are frivolous, and 777 Partners look forward to vigorously defending our case”. “All leasing relationships have been struck at an arm’s length, fully commercial basis with respect to all terms and conditions. We vehemently deny any accusations stating we are seeking to disadvantage the airlines as it would simply be illogical and counter to our own interests. We remain steadfast in our support of the airlines we work with.” https://www.theguardian.com/australia-news/2023/jul/13/bonza-airlines-axes-regional-routes-sunshine-coast-coffs-harbour-port-macquarie-tamworth
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numklpkgulftumch
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+x+x+xAlso signed the biggest sponsorship deal in their history. A four year deal with Bonza, Yes. This is good news so this thread will only get four replies The private equity investor was given the option to own up to 70 per cent of the club within five years through an investment of up to $30 million, the documents show.
After four or five years, 777 Partners also had the right to walk away from Victory and be repaid the $30 million at a compounding interest rate of 10 per cent a year.
The deal would also give it a preferential position over existing shareholders if Victory was liquidated.
When the deal was announced, Victory chairman Anthony Di Pietro described it as a “strategic investment” that would “supercharge its growth strategy”. Nothing to see here.
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numklpkgulftumch
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+xSo, 1. 777 charge Victory a 'hefty' interest rate, 2. Cashless Victory pay it with shares so 3. 777 end up with 70% of the club without much more cash layout ? is that how it works ? Actually, zooming out a bit Plan 1. APL uses Silverlake funds to buy 1 Marquee for the Season and give it to the biggest franchise 2. Victory will bring back bigger crowds/metrics 3. Paramount happy 4. APL put the License fee up to $25m 5. Victory make enough to pay off 777 6. In return Del Pietro just approves the Sydney Grand Finals for 3 years 7. Happy Days Reality 7. A-League fans find a spine 8. Del Pietro U-turns 9.  10. Del Pietro exits stage left 11. APL now propping up 2 franchises and looking for 4 more buyers
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bohemia
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Thankfully there was a lot of action taken at league and club level to ensure that MV's attendances/revenues shot right back up in the next season
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numklpkgulftumch
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+x+xAlso signed the biggest sponsorship deal in their history. A four year deal with Bonza, Yes. This is good news so this thread will only get four replies The private equity investor was given the option to own up to 70 per cent of the club within five years through an investment of up to $30 million, the documents show.
After four or five years, 777 Partners also had the right to walk away from Victory and be repaid the $30 million at a compounding interest rate of 10 per cent a year.
The deal would also give it a preferential position over existing shareholders if Victory was liquidated.
When the deal was announced, Victory chairman Anthony Di Pietro described it as a “strategic investment” that would “supercharge its growth strategy”.
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numklpkgulftumch
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+xSevilla, for all their improbable triumphs in the UEFA Europa League, have lost close to 60 million euro over the last couple of years, and according to reports in the Spanish media, have transfer-listed their whole squad at the end of June in order to service the 90 million euro debt. Genoa has announced losses of 61.7 million euro for the 2021-22 season, whilst Vasco de Gama’s deficit was just under 22 million US dollars for the same period. Standard Liège did not fare any better in 2021-22, losing 20.2 million euro, and nor did Red Star, who were reported to be in the red to the tune of 2.4 million, a fortune for a club playing in the National, the third tier of the French football pyramid. Hertha BSC’s accounts for 2021-22 reveal a consolidated loss of 79.6 million euro ( compared to a 83.3 million for the previous year) which makes it easier to understand why Windhorst was keen to find a buyer. Last, Melbourne Victory FC was 4.5 million US dollars short of breaking even last season. Is this right ?  Crikey ! it is https://www.theage.com.au/sport/soccer/record-financial-loss-at-melbourne-victory-as-us-ownership-looms-20221231-p5c9kr.htmlMelbourne Victory lost $6.7 million and was in deep financial trouble just months before it struck a deal that could hand control of the club to a US private equity investor within five years. So bad were the financial problems at the A-League’s best supported club that Victory’s auditors warned there was “material uncertainty” it could continue as a “going concern”, the club’s 2021-22 accounts show.
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tsf
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+x+x+x+xFinally some real football club owners in the A-League! lol Hahahahah its OK mate, they dont have any "effnik" flags in their offices. I remember years ago, being with mates at a Balkan club, the coke dealer was not only giving everyone a good time but at the end of the game the officals all came in to collect money off him and then also to hand out to all the players who hit their targets for the game :D hahahah I don't doubt that one tiny bit......... Who was the club in the 90s (Im almost positive it was former Yugo country post breakup but could be wrong) that had the owner's drug dealer as the front of shirt sponsor? h aha I don't know. But I remember some pretty wild stories about Arkan in Serbia
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Monoethnic Social Club
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+x+x+xFinally some real football club owners in the A-League! lol Hahahahah its OK mate, they dont have any "effnik" flags in their offices. I remember years ago, being with mates at a Balkan club, the coke dealer was not only giving everyone a good time but at the end of the game the officals all came in to collect money off him and then also to hand out to all the players who hit their targets for the game :D hahahah I don't doubt that one tiny bit......... Who was the club in the 90s (Im almost positive it was former Yugo country post breakup but could be wrong) that had the owner's drug dealer as the front of shirt sponsor?
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tsf
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+x+xFinally some real football club owners in the A-League! lol Hahahahah its OK mate, they dont have any "effnik" flags in their offices. I remember years ago, being with mates at a Balkan club, the coke dealer was not only giving everyone a good time but at the end of the game the officals all came in to collect money off him and then also to hand out to all the players who hit their targets for the game :D
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Monoethnic Social Club
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+xA Ponzi scheme being fleeced by another Ponzi scheme Who'll survive ? The FA and all the proper clubs outside of APLs influence.....
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Monoethnic Social Club
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+xFinally some real football club owners in the A-League! lol Hahahahah its OK mate, they dont have any "effnik" flags in their offices.
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tsf
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Finally some real football club owners in the A-League! lol
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numklpkgulftumch
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Sevilla, for all their improbable triumphs in the UEFA Europa League, have lost close to 60 million euro over the last couple of years, and according to reports in the Spanish media, have transfer-listed their whole squad at the end of June in order to service the 90 million euro debt. Genoa has announced losses of 61.7 million euro for the 2021-22 season, whilst Vasco de Gama’s deficit was just under 22 million US dollars for the same period. Standard Liège did not fare any better in 2021-22, losing 20.2 million euro, and nor did Red Star, who were reported to be in the red to the tune of 2.4 million, a fortune for a club playing in the National, the third tier of the French football pyramid. Hertha BSC’s accounts for 2021-22 reveal a consolidated loss of 79.6 million euro ( compared to a 83.3 million for the previous year) which makes it easier to understand why Windhorst was keen to find a buyer. Last, Melbourne Victory FC was 4.5 million US dollars short of breaking even last season. Is this right ?
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numklpkgulftumch
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So,
1. 777 charge Victory a 'hefty' interest rate,
2. Cashless Victory pay it with shares so
3. 777 end up with 70% of the club without much more cash layout ?
is that how it works ?
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numklpkgulftumch
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A Ponzi scheme being fleeced by another Ponzi scheme Who'll survive ?
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Monoethnic Social Club
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Yuck is correct answer :)  https://josimarfootball.com/2023/07/03/the-777-football-mystery/From cocaine smuggling to threatening disabled people and kidnapping the children of drug addicted clients,...... great to know APL vetted the overseas owners carefully.
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playmaker11
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Yuck.
By now, American Samoa must have realised that Australias 22-0 win over Tonga two days earlier was no fluke.
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