A-Cap look to have failed in their attempt to get hold of the Everton Loan Cash outside of 777's creditors

Bottom Line, Leadenhall (and ING and any others) will have a say in any prospective sales of 777's football assets

Question is what A-Cap's strategy is now ?

Nice to see someone with principles around here

Although a little unsure on how the line got drawn.

do support the team but wont support the regime, soz my dude, still watch on the telly though

Support the team, not the regime !!!

19% with an option to buy another 51% by the end of 2027

so is victory owned by them in any sort of way still? pondering getting my membership again but don't want to if they are

Meanwhile in New York

ING Capital has now filed a $28 million fraud lawsuit

https://www.offshorealert.com/soccer-club-owning-777-partners-sued-by-lender-ing-capital-for-28m-fraud/

haha like your gesture, I have enough splint up here to start my open fireplace haha

ha ha ha ok mate 

however if you ever want to get on board I can organise for a scarf to be sent up :)

me a favour

ah - now I get why your mixing amongst the "suits" haha
Do me a favour - IF LFC ever comes up in discussions for possible MV partnership as I've seen in the past, talk it down say NO Scousers allowed - please I couldn't friggin bare this :) :(

I had a table there, but a close family member is a sponsor. 

tsf, is your company a sponser as well ?

Was at the Victory In Business luncheon yesterday. Packed crown palladium. 

Basically every sponsor has signed on for two more years, and they also announced that Spurs sponsor is now on board after the success of the short term deal last season. 

Arzani was there but rumours are he's going...I hope not. 

cheers tsf, yer look most of these pro clubs are in the white collar cbd circle no matter the code.
Promo day lunch dinner, marketing write offs it no matter the code, they all end up being around the same regular corporate boxs.
I have a mate or 3 who are Allianz members for yonks, they at so many different events purely from the networking.
This would apply to all the city CBD Club codes.

Interesting how many non-football people are there too. For example, names like Lindsey Fox etc. Lots of AFL media types too, and even AFL players there, which in Melbourne is a big deal lol. I am actually surprised by how ingrained in the business and media world their executive team are

MV has that many sponsors and people of influence on board. They will never be in trouble in the foreseeable future. 
I was at Victory in Business lunch, the table next to me had about 4 old greeks and italians worth 100s of millions each. That's one table. They have the whole crown palladium booked out.

They have stitched up that many sponsors it's ludicrous. 

777 and titanic seems a good fit.
I read an article the other day all is normal re MV, you got wonder how considering a 19% investor is at the bottom of the sea.

Hmmm do I buy the yacht if I win Powerball OR shares in Melbourne Victory? hahahahha Both could sink overnight???? hahahahahah

Not sure if this is new, havent been following this story closely
https://josimarfootball.com/2024/10/07/777-partners-in-crime/

Yep. Worked out fine for MV. 

Looking like A-Cap has agreed to vary (stretch out) the repayment of 777s $400m loan to Everton

Freidken Group likely to pay some back when they takeover and the rest going on a payment plan with Share purchase rights.

Sound familiar ?

By all reports A-Cap are running the football part of 777 now, and no-one knows what their strategy is

They look like they're trying to sell some of the clubs, but there's been no mention of MV anywhere.

The 51% rights mean that no-one else can put money in til 2028

Given the problems selling NJ, PG and Canberra, it's hard to say whether the 19% is worth anything at all, or the rights.
Costs A-Cap nothing just to sit tight and see if the APL manages to pull a rabbit out the hat in the next 3 years

In the meantime I guess MV have to find a way to run at breakeven for 3 seasons

For reference,
MV lost $6.7 million in 2021-22, back then they got $2.5m from the APL distribution
https://www.smh.com.au/sport/soccer/record-financial-loss-at-melbourne-victory-as-us-ownership-looms-20221231-p5c9kr.html

They only have the rights to buy more if they stump up more money which they aren't and likely won't be able to. They'll end up selling their 19%. 

They own 19%

and have the rights to buy another 51% for 3+ more years.

All in the thread

Is Victory done with 777 now? No more ties?

If only you where 5 years older you could have been a life long fan of one of the more storied franchises..... hahahahahah

Shhhh !  

Can't have Victory fans thinking it's not all about them

So you are only about 14, then ?

Meanwhile in USA



https://www.abc.net.au/news/2024-10-01/bonza-airline-investors-probed-by-authorities-money-laundering/104412908

Meanwhile in London



777 partners UK , insolvent, wound up.