777 Partners - Wikipedia

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777 Partners

edit Sevilla edit 777 Partners' first investment in soccer was to purchase a minority stake in Spanish La Liga club Sevilla FC in 2018.1 In 2020, it elevated its share to 7.5%.2 777 does not legally own shares in Sevilla as its involvement is as the owner of a group called Sevillistas Unidos S.L.. The latter organization has denounced 777 for listing Sevilla as one of "Our Portfolio Brands" on its website.3 Genoa edit In September 2021, 777 Partners bought 99.99% of Italian Serie A club Genoa C.F.C., the country's oldest club, founded in 1893. It became the sixth club in the league to have an American owner, and the transaction to buy the club from long-term owner Enrico Preziosi was estimated at €150 million.4 The club hired former A.C. Milan and Ukraine striker Andriy Shevchenko in November, firing him in January 2022;5 Genoa ended the season relegated (as did another US-owned team, Venezia FC),6 but were immediately promoted back into the top division in May 2023. Vasco da Gama edit In February 2022, 777 Partners bought 70% of CR Vasco da Gama, a Campeonato Brasileiro Série A club from Rio de Janeiro for R$700 million, valuing the club at R$1.7 billion. The transaction was the biggest in the history of Brazilian football, and came off the back of a change in legislation allowing clubs to adopt new legal structures by becoming limited companies and sourcing finance from private equity markets.[7]8 Fans protested against 777 Partners in the 2023 Campeonato Brasileiro Série A season, as the club found itself in the relegation zone.9 Standard Liège edit In March 2022, 777 Partners bought 100% of Standard Liège in the Belgian Pro League for €55 million.10 The fans protested in September 2023 over what they believed to be a lack of investment and ambition.11 In December 2023, Standard Liège was given an indefinite transfer ban by national authorities for alleged delays in paying taxes, salaries and transfer fees.12 Red Star edit 777 Partners bought Red Star F.C. of the French third-tier Championnat National in April 2022. The club was founded in 1897 by Jules Rimet, who was later president of FIFA. The takeover was met with backlash due to the club's working-class and left-wing history, and concerns that the club would become a farm team for 777's other assets. Former presidential candidate Jean-Luc Mélenchon was one of several politicians to sign a letter published in Le Monde, stating "For us, Red Star is a common good that cannot be sacrificed on the altar of profit."13 Éric Coquerel, the parliamentary deputy whose constituency includes Red Star's home of Saint-Ouen-sur-Seine, has campaigned for laws against multi-club ownership.14 Red Star won promotion to Ligue 2 in 2024.15 Melbourne Victory edit In October 2022, 777 Partners bought a minority stake in Melbourne Victory FC of the Australian A-League Men16 for AU$8.7 million. The following January, the club's shareholders voted in favor of allowing 777 Partners to secure up to 70% over the next five years, in exchange for AU$30 million in investment.17 Hertha BSC edit The company took a 64.7% stake in Hertha BSC of the German Bundesliga in March 2023, after its sale by Lars Windhorst, who had been majority shareholder since 2019.18 Due to German football's 50+1 rule, 777 does not control the club. The company faced protests from Hertha's fans.14 Everton bid edit In September 2023, 777 Partners agreed to buy Everton F.C. of England's Premier League by purchasing the 94.1% owned by Farhad Moshiri.[19]20 In April 2024, with the deal not complete and after the 777-owned Australian airline Bonza entered voluntary administration, Everton called upon the services of insolvency advisers Teneo.21

Reader Comments (28)

Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer () Ted Roberts
2 Posted 02/05/2024 at 19:33:09
Oh great.!! 2 circuses in the mix now.😖😖😖
Pat Kelly
4 Posted 02/05/2024 at 19:52:36
We’ll be a real high-wire act at last.
Mike Hayes
5 Posted 02/05/2024 at 21:30:09
Clowns to the left of us, jokers to the right – stuck in the middle with Mosh.
Anthony A Hughes
6 Posted 02/05/2024 at 21:53:38
Don't worry, they'll be taking out a Wonga payday loan soon, that should sort it.
Gavin Johnson
7 Posted 02/05/2024 at 22:35:58
If we win tomorrow night, we'd be better going into administration this season and take the 9 points and get reputable owners in so we have a clean slate next season.
Jerome Shields
8 Posted 03/05/2024 at 03:23:33
Seems like an attempt by 777 Partners to remain relavent.
Mihir Ambardekar
9 Posted 03/05/2024 at 04:32:32
Idiot Moshiri is fixated with 777 Partners. I don't know why. It's so damn obvious that they don't have the money to buy us and are now begging to private equity fund companies. I am sure there must be other investors who would be looking at us.
Jack Convery
11 Posted 03/05/2024 at 04:39:33
Spare a talon for an old ex leper - springs to mind. Don Wright
12 Posted 03/05/2024 at 08:02:00
"The Road to Hell" courtesy of Chris(Moshiri) Rea
Tony Abrahams
13 Posted 03/05/2024 at 08:08:56
I'm not a fan of Jamie Carragher, but the next time I see him in town, I'm going to shake him by the hand after reading what he has written in The Telegraph about the state of our club.It shouldn't be an ex-Liverpool player saying this he wrote, it should be ex-Everton players shouting from the rooftops. But enough ex-Everton players turned up at Bill Kenwright's funeral, even though they must have known deep down what he had helped do to our club.A must read, it's on the Everton page now, and it's not even behind a paywall. Carragher is a red, but because Everton never leaves us, he definitely understands what us fans should be doing now. Jerome Shields
14 Posted 03/05/2024 at 08:49:12
It could be that, since MSP Sports Capital who could exercise their right on 51% of Everton shares, have not, that 777 Partners will not be able to fulfil the requirements for takeover and there are no suitors to takeover Everton as a going concern in its present condition. So Moshiri has had to engage Teneo, with its Russian connections, to restructure and refinance Everton so that it is a going concern suitable for takeover.The problem I have with that is Moshiri has not got a good record in sorting out anything and he or his friends seem to be prepared to offload Everton to whoever can get access to funds, ultimately provided from the murkiest areas of the financial system.I think that if there was any chance of a successful takeover of Everton in its present form, MSP Capital would have taken up their option and did what Teneo should do, without any interference from Moshiri & Co.But I am still open to Russian connections with MSP Capital Sport which AI is still bringing up from somewhere, but not as has been verified by the US Federal Government in Teneo's case. It is just a complete mess and we are just chasing after 777 Partners distractive press releases at the moment. No reputable financial institution will be dealing with too hot to handle 777 Partners unless they are already caught up with them and trying to recover their monies.
Steve Brown
15 Posted 03/05/2024 at 09:00:24
Can you post a link, Tony, please? Jerome Shields
16 Posted 03/05/2024 at 09:17:46
Steve I managed to get it by Everton News and then going to the Twitter feed.
Jerome Shields
17 Posted 03/05/2024 at 09:33:47
Got the article, Tony. A must-read as you suggested.
Tony Abrahams
18 Posted 03/05/2024 at 13:25:14
I'm sorry, Steve, I'm just not techno enough unfortunately mate. It was on the Everton page this morning, but it now seems to have gone.Hopefully someone can dig it out because I think it fits how a lot of us Evertonians are currently feeling. I'll keep searching to see if it's turned up elsewhere.
Tony Abrahams
19 Posted 03/05/2024 at 13:46:01
"Everton's takeover screams danger" is the title, Steve, but it's behind a paywall now. Google the title and add 'Carragher' and 'Telegraph' and you might be able to find it someway then hopefully mate.
Don Alexander
20 Posted 03/05/2024 at 13:50:47
Carragher's article;Everton’s takeover screams danger – 777 could pose a bigger threat than relegationEverton's traumatic recent history is the result of a catalogue of catastrophic decisions by Farhad Moshiri. I fear he saved his worst until last when agreeing to sell the club to 777 Partners.The biggest danger for Everton this season was never the impact of an 8-point deduction or the prospect of relegation. The greatest threat remains the club ending up in the hands of the wrong owners.It has been seven months since Moshiri agreed to sell to 777. Since then, everything about the American investors screams danger, countless stories appearing to cast doubts about their fitness to assume control of such an established institution, which is in urgent need of financial backing.The more questions are asked of 777, the more suspicion grows that the Premier League is in a difficult position, eager for the necessary guarantees Everton will not face further financial trouble and wary of approving the wrong bid.Those with the club's best interest at heart need to show the same passion for this subject as they did the points deductions. Not for the first time in Everton's recent history, it feels like there are too many bystanders waiting for a bandwagon to jump aboard rather than driving it. When something looks wrong, feels wrong and smells wrong, it is no use waiting in the hope it will turn out okay in the end.Last year, I wrote a column accusing Everton of being the worst run club in England. A day later, I received a phone call from one of the club's board members.Then chief executive, Denise Barrett-Baxendale, took exception to my comments. It was a cordial conversation in which I held my ground, while Barrett-Baxendale explained the challenges facing the club.My overall impression was of an Everton board working in fear. Fear of potential relegation as the team was becoming increasingly worse.Fear of the supporters' backlash to the on-field problems, with much of the focus at that time on the position of Barrett-Baxendale herself and former chairman Bill Kenwright.And most of all, fear of Moshiri pulling the plug on his financial backing, Everton unable to sustain its huge wage bill or pay for a £500 million stadium if the owner walked away.By the end of the conversation, my anger and incredulity at how Everton was being run was balanced by a touch of sympathy for Moshiri. He cuts a tragic Premier League figure. To use a well-known Liverpool phrase, he has ‘had his kecks pulled down' by the football industry. His intentions when buying Everton were noble, but the evidence suggests he has been used as a cash cow by agents and players.Farhad Moshiri is often blamed but is not solely responsible for Everton's strife To end up with a wage bill that is 92 percent of the club's turnover – and having nothing to show for it – proves he has been taken to the cleaners.There is guilt by association for everyone who followed Moshiri's dream and turned a blind eye to the red flags as the club overspent and began to rely too heavily on his business relationship with Russian oligarch Alisher Usmanov.To the outside world, it is obvious that the partnership between Usmanov and Everton was as important as – albeit a significantly less profitable version of – that of Sheikh Mansour to Manchester City. The branding of USM around Everton was once as prominent as that of Etihad at City.Nobody with Everton affiliations wanted to cast an impartial judgement on Usmanov's role, even though there were accusations the payments received from his sponsorship did not reflect market conditions at the time. Who else was going to pay Everton £30 million to secure ‘first refusal' on naming rights on the new stadium, for example?Whenever questions were asked about this or whether Everton risked breaching PSR, those affiliated to the club robustly defended it.There appeared to be no recognition that their actions could lead to charges, never mind punishment.When that finally happened, rather than direct all their fury at Moshiri or the board members who either created or acted as enablers for the mess, supporters and high profile politicians turned their fire on the Premier League. Everton had no defence against the charges to which they pleaded guilty, so the focus was the extent of the punishment.The fans' reaction to the eventual eight-point penalty is understandable. They see the club as their family. We all occasionally defend the indefensible to protect those we most care about from anything we perceive as an external attack.They were terrified a points deduction would lead to relegation, and they found plenty of high-profile figures rallying to their cause.Manchester's Mayor, Andy Burnham – who I know cares deeply about Everton – effectively became the interim chairman in the absence of any Goodison executives of real authority, Barrett-Baxendale eventually leaving the club and Kenwright having sadly passed away.I was more cynical when other politicians put themselves centre stage, playing to the gallery to perpetuate the idea that the Premier League is to blame for Everton's predicament rather than the club itself.Even the former Governor of the Bank of England, Mark Carney, decided to get involved, questioning the integrity of the independent Premier League commissions making a judgement on the club's overspending.Even Mark Carney has waded into the saga of Everton's takeover Why were those influential voices so quiet when valid questions were raised about the extent of Usmanov's involvement with Everton?Why are they not questioning how the club could find itself in such a financial mess, owing £225 million to Rights and Media Funding, paying 10.25 per cent interest on an £80 million loan taken in 2019? The figures are mind-blowing.And why are those influential voices so silent on whether 777 are truly ‘fit and proper' custodians for their club? There should be indignation that an organisation with so many questions to answer is the preferred bidder.With respect, it should not be an ex-Liverpool player saying this. It should be those who hammered the PSR outcome and ex-Everton players shouting from the rooftops that Moshiri and 777 owe the supporters a full and detailed explanation as to why the Premier League is wrong to delay. If they can't detail why this is a good deal for the club, how can Evertonians expect to be on board?There are elements of Everton's grassroots support who have demanded answers from day one. The fans advisory board keep being told there are confidentiality agreements which prevent further discussion. That sounds like a brush off, to me. The issue is too important for silence.To an extent I can understand it if there was a feeling that the on-field issues had to be prioritised until the team was safe. Awful though the situation was, it was recoverable. Credit goes to Sean Dyche and his players for ensuring the points penalty did not lead to Championship football.Now there may be an element of ‘crisis' fatigue among hardened fans, who want to enjoy the moment of guaranteeing safety.Deep down, they know the reprieve will be brief if 777 brings as many negative headlines to Everton as owners as they have as bidders.
Stephen Vincent
21 Posted 03/05/2024 at 14:01:58
Everton’s takeover screams danger – 777 could pose a bigger threat than relegation — Jamie Carragher in The Telegraph
Ed Prytherch
22 Posted 03/05/2024 at 14:12:04
Thanks for posting that, Don.
Barry Rathbone
23 Posted 03/05/2024 at 14:27:09
No way Carragher penned that.
Mark Taylor
24 Posted 03/05/2024 at 14:49:12
I can't speak for the average Everton fan, but reading all the posts on various threads on here, I would say a large number, maybe a majority, were only too aware of the shocking governance and the fact that our biggest risk is indeed administration or worse. It's a concern I've made on numerous occasions and I am far from alone. In fact I recall even Moshiri talking about the possibility of 'an existential crisis' over a year ago. Well, he's sure got one now.We (or many of us) have also been hyper-critical of the management of the club, if we can call it that. From the former CEO's truly laughable 'strategic plan' to a hard-nosed assessment of Kenwright's role in all this, in contrast to the worshipping treatment given him in most of the media.The problem is, how does anyone create pressure and leverage with the current situation? With the Premier League, it was easier, they are a very visible entity, worried about future government regulation and therefore, at least in part, answerable to politicians. Lobbying could work, to a degree and maybe it did, maybe it didn't. But how do you get at an Iranian in Monaco?Then I had my bright idea. Moshiri would answer to Usmanov. He in turn would answer to Putin. And the latter in turn would increasingly answer to Xi, these days.So could someone pick up the phone and call the President of China and put in a good word for us...?
Mike Gaynes
25 Posted 05/05/2024 at 21:00:41
Barry, I see Carragher on the CBS Champions League Post-Match panel helmed by the goddess Kate Abdo. A Red he may be, but he is smart, funny, self-deprecating and rolls out well-articulated opinions. I have grown to respect him greatly as a commentator. I would bet my next mortgage payment he wrote every word of that.
Mike Gaynes
26 Posted 05/05/2024 at 21:16:53
You'll never guess who is partly behind GDA Luma -- Chelsea owner Todd Boehly. He is one of two billionaires backing Gabriel de Alba. The other is a former Softbank executive named Claure.Gabriel de Alba is no joke... he has significant long-term expertise in bailing out distressed business entities. Buying Cirque de Soleil out of bankruptcy is one of many deals he reportedly pulled off for venture firm Catalyst before launching his own company 18 months ago with Boehly's backing.From LinkedIn:GDA Luma seeks opportunities to partner with creditor groups and stakeholders as a “white knight”, providing balance sheet and restructuring process stability, executing business transformations, and ultimately positioning the company for success while generating outsized risk-adjusted returns. Our network of world class operating partners and executives can provide strategic leadership in our target sectors, which include media & entertainment, telecom, technology, healthcare, financial services, and consumer products. Tommy Carter
27 Posted 05/05/2024 at 21:40:06
Mike @25, I don't find him remotely funny. I don't find him very insightful either. I care not for his opinions on Everton Football Club. He has absolutely no knowledge whatsoever of what is happening behind the scenes and his publications are a bunch of thoughts mainly informed by a gang of people who probably claim to be close to the club. In other words, he is inciting gossip. Gossip aside, Everton FC as a business has guaranteed and eye-watering revenues available to it as long as it remains a Premier League club. As long as it remains as such, there will be no problem. Let's not be over-dramatic and over-emotional scouse about it. Let's be pragmatic and clinical. Should Dyche steady the ship and keep Everton in the Premier League for one more year, then it is a Premier League club with an incredible stadium. And a new beginning starts right there. A plethora of investors will be waiting for the correct time to step up. Any lending is guaranteed by these factors.
Kevin Molloy
28 Posted 05/05/2024 at 22:41:34
I can't bear Carragher. He never ever takes the high road, always the skankiest take for him. Petty grievances, childish oneupmanship, I never thought I'd say this but he's ruined Gary Neville. When Neville first broke onto the scene, I quite enjoyed his professional analysis of how defences set up. That all went out the window once squeaky arse turned up, and it all degenerated into a bad laurel and hardy show.
Paul Birmingham
29 Posted 05/05/2024 at 23:17:49
Kevin take x2, basic cack ex player's, lording Sky football, and that with Masters, and his Cronies with their rules.Its a poor version of the game.Hope eternal.UTFTs!
Les Callan
30 Posted 05/05/2024 at 23:28:52
Carragher is a hopeless commentator.
David Currie
31 Posted 06/05/2024 at 02:18:12
Carragher should have been sacked for spitting at a young girl, always comes across as a know it all. Can't stand him!
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GAME PROVIDERS

Game providers are companies that develop and supply online gaming content to online casinos. These companies are responsible for creating and designing the games that players can find at their favorite online casinos. The role of game providers is crucial in the online gaming industry, as they are the ones who constantly innovate and bring new and exciting games to the market. These games range from classic casino games such as slots, blackjack, and roulette, to more modern and innovative games that incorporate advanced graphics, sound effects, and gameplay features.

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Game providers are made up of a team of highly skilled and creative individuals, including game designers, programmers, and graphic artists. They work together to create games that are not only visually appealing but also offer exciting gameplay and potential for big wins. These games undergo rigorous testing and quality control to ensure that they meet the high standards of the online gaming industry.

One of the main responsibilities of game providers is to constantly innovate and come up with new and unique game concepts. This is essential in keeping the industry fresh and exciting for players. Each game provider has its own style and signature, which can be seen in the themes, features, and gameplay of their games. This allows online casinos to offer a wide variety of games, catering to different player preferences.

Game providers also play a crucial role in ensuring fair and random gameplay. Online casinos rely on game providers to use certified and audited random number generators (RNGs) in their games to ensure fair outcomes for players. This adds a level of trust and credibility to the games, making players more likely to choose them over others.

Furthermore, game providers also have a responsibility to ensure that their games are accessible and compatible with different devices. With the rise of mobile gaming, game providers have had to adapt and optimize their games for mobile devices. This allows players to enjoy their favorite games on the go, making the online gaming experience more convenient and accessible.

In addition to creating and supplying games, game providers also offer support and maintenance services to online casinos. This includes regular updates and bug fixes to ensure that the games run smoothly and without any technical issues. Game providers also work closely with online casinos to provide them with the necessary tools and resources to promote and market their games effectively.

In conclusion, game providers are a crucial component of the online gaming industry. Their constant innovation and dedication to creating high-quality and engaging games have played a significant role in the industry's growth and success. Without game providers, online casinos would not be able to offer the diverse and exciting game libraries that attract players from all over the world. As the industry continues to evolve, game providers will play an even more significant role in shaping its future. ### Reader Comments (28)

Aviation

edit A Boeing 737 MAX operated by Bonza, at Melbourne Airport 777 owns Canadian company Flair Airlines and Australian-based Bonza, both of which are low-cost carriers.[1]22 In June 2022, the Canadian Transportation Agency ruled that Flair is a Canadian airline and can fly domestically, as 777 owns 25% of the shares and had limited its influence on the board since the beginning of the CTA investigation.23 On March 11, 2023, Airborne Capital Ltd. seized four of its planes operated by Flair over alleged non-payment. In a press conference, Flair CEO Stephen Jones suggested the seizures were motivated by competitors, and that the airline owed around US$1 million on the leases, and was in the process of making payment when the seizures occurred.[24]25 The lessor, Airborne alleged that Flair had repeatedly missed payments amounting to several millions of dollars over a period of five months. Flair used other aircraft to continue to operate its schedule.26 In January 2024, it was reported that the lessors had filed claims at the UK High Court for costs and that there had been outstanding payments of $1.8 million on the four aircraft when notice of default was served.27 On April 30, 2024, Bonza entered voluntary administration with all services suspended after the repossession of its fleet.28

n Industry's Recovery from the PandemicThe aviation industry has faced unprecedented challenges due to the COVID-19 pandemic. With travel restrictions and lockdowns in place, airlines have seen a significant decrease in demand for air travel. This has resulted in a sharp decline in revenue, forcing many airlines to ground their planes and cut jobs. However, as the world slowly starts to recover from the pandemic, the aviation industry is also beginning to see signs of recovery.

The aviation industry has been dealt a severe blow by the COVID-19 pandemic. The implementation of travel restrictions and lockdown measures has caused a dramatic decrease in the demand for air travel, which has directly impacted the revenue of airlines. As a result, many airlines have been forced to ground their planes and make the difficult decision to reduce their workforce. However, as the global situation gradually improves and the pandemic begins to subside, the aviation industry is slowly but surely showing signs of recovery.##

Liverpool mauling shows Ange Postecoglou’s reckless Tottenham defensive plan needs ripping up

n "The Importance of Education in Shaping a Successful Future"

Education plays a crucial role in shaping a successful future for individuals and society as a whole. It is the key to unlocking one's potential and achieving personal and professional goals. Education not only equips individuals with the necessary knowledge and skills, but also instills important values and principles that contribute to personal growth and societal progress.

At its core, education provides individuals with the foundation to navigate the complexities of the world. It equips them with the necessary tools to think critically, analyze information, and make informed decisions. This is especially important in today's fast-paced and ever-changing society, where the ability to adapt and learn new things is essential for success. Education also helps individuals develop important life skills such as communication, problem-solving, and teamwork, which are crucial for navigating various aspects of life, from personal relationships to the workplace.

Moreover, education is not just about academic learning, but also about personal development. Through education, individuals learn important values such as respect, empathy, and tolerance. They also gain a deeper understanding of different cultures, beliefs, and perspectives, which fosters a sense of global citizenship and promotes harmony in society. Education also encourages individuals to become lifelong learners, constantly seeking knowledge and growth in all aspects of life.

In addition to personal development, education also plays a vital role in shaping a successful future for society as a whole. It provides individuals with the skills and knowledge to contribute positively to their communities and the world. Educated individuals are more likely to be engaged citizens, actively participating in their communities and advocating for important issues. They also have a better understanding of their rights and responsibilities, leading to a more informed and responsible society.

Furthermore, education is a powerful tool for promoting social and economic equality. It has the potential to break the cycle of poverty and provide opportunities for individuals to improve their lives and those of their families. By providing access to education for all, regardless of socioeconomic status, society can create a level playing field and give everyone a chance to succeed. This not only benefits individuals but also leads to a more prosperous and stable society.

In conclusion, education is a fundamental aspect of shaping a successful future. It empowers individuals with the necessary skills, knowledge, and values to reach their full potential and contribute positively to society. It is a powerful tool for personal and societal development, promoting critical thinking, personal growth, and social and economic equality. Therefore, it is crucial that access to quality education is prioritized and made available to all, as it is the key to a brighter and more successful future for individuals and society as a whole.## Aviation

Other investments

edit In 2019, 777 Partners bought the London Lions, London's sole men’s professional basketball team. They then invested £7 million for 45% of the British Basketball League (BBL). Under 777, the Lions and the BBL have garnered significant attention, having sold a slight minority stake in the London Lions to O.G. Anunoby and becoming the first British team to ever qualify for EuroCup playoffs.29 In 2022, 777 invested in STX Entertainment, a global film studio known for producing films such as Molly's Game, The Irishman, and Ferrari.30

PROMOTIONS

n AND INCENTIVES: A KEY TO BUSINESS SUCCESS

Promotions and incentives have long been recognized as crucial factors in achieving business success. In today's competitive market, businesses must constantly find ways to stand out and attract customers. Promotions and incentives offer a powerful tool for achieving this goal. By offering discounts, special deals, and other incentives, businesses can entice potential customers to choose their products or services over those of their competitors. This not only helps to increase sales and revenue, but also builds brand loyalty and creates a positive image for the business.

One of the key benefits of promotions and incentives is their ability to attract new customers. With so many businesses vying for the attention of consumers, it can be challenging for a company to stand out and capture new customers. However, by offering promotions and incentives, businesses can create a sense of urgency and excitement around their products or services. This can be especially effective when targeting new or potential customers who may be hesitant to try something new. By offering a special deal or discount, businesses can encourage these customers to take a chance on their brand, leading to potential long-term relationships and repeat business.

Moreover, promotions and incentives can also help businesses retain their existing customers. In today's fast-paced society, consumers are always on the lookout for the next best thing. This means that businesses must work hard to keep their customers engaged and satisfied. By offering promotions and incentives, businesses can show their appreciation for their loyal customers and keep them coming back. This can be in the form of loyalty programs, special discounts for repeat purchases, or even personalized incentives based on a customer's preferences. By making customers feel valued and appreciated, businesses can build strong relationships and increase customer retention rates.

In addition to attracting and retaining customers, promotions and incentives also play a crucial role in boosting sales and revenue. By offering discounts or special deals, businesses can entice customers to make a purchase they may have otherwise not considered. This can be especially effective during slow periods or when launching a new product or service. By strategically planning promotions and incentives, businesses can drive sales and increase revenue, helping them to achieve their financial goals and stay competitive in the market.

Moreover, promotions and incentives can also be used to differentiate a business from its competitors. In today's crowded market, it's important for businesses to find ways to stand out and showcase their unique value proposition. By offering promotions and incentives that align with their brand and target audience, businesses can set themselves apart from their competitors and create a distinct identity. This not only helps to attract customers, but also establishes a strong brand image and reputation, which is crucial for long-term success.

In conclusion, promotions and incentives are essential tools for achieving business success. They not only help to attract and retain customers, but also boost sales, differentiate a business from its competitors, and create a positive brand image. With the right strategies and implementation, promotions and incentives can be a key factor in driving business growth and achieving long-term success in today's competitive market.## Aviation

n Industry: The Future of Travel

The aviation industry has undergone significant transformations in recent years, and it is poised to shape the future of travel in unprecedented ways. With advancements in technology, the aviation sector has become more efficient, convenient, and accessible than ever before. From improved aircraft designs to state-of-the-art navigation systems, the industry has made great strides in ensuring a safer and smoother travel experience for passengers. Moreover, the increasing demand for air travel has led to a surge in competition among airlines, resulting in lower fares and more options for travelers. As a result, the aviation industry has become a crucial player in the global economy, connecting people, businesses, and cultures across the world. With its continued growth and innovation, it is clear that the aviation industry will play a vital role in shaping the future of travel.## Controversy

edit During the negotiations to buy Vasco, Brazilian newspaper O Globo revealed that Wander had been convicted in 2004 for ordering cocaine in the mail while a 22-year-old student of the University of Florida.[1]31 Facing a possible 26-year sentence, he pleaded no contest and received 15 years of probation, that ended in 2018.[32]1 Wander's conviction has been brought up in the media, and in an interview with the Financial Times he called it a "stupid college thing" and a "perfect opportunity for those people that are haters to try to destroy you with things that are somewhat meaningless".33 Norwegian football investigation website Josimar wrote in 2023 that 777 was facing allegations of financial impropriety, including fraud and unpaid bills. 777 condemned Josimar's article as "wholly misleading".14 777 Partners have been sued by multiple organizations for unpaid debts and contract breaches with lawsuits describing their financial practices as a "house of cards"[34][35]36 and a "sprawling fraudulent enterprise".[37]38

References

edit ^ a b c d Aarons, Ed (April 4, 2023). "Collective goals: multi-club ownership is changing world football's landscape". The Guardian. Retrieved May 1, 2023. ^ Alba, Jesús (October 19, 2020). "'777 Partners' adquiere el paquete de Rodri y eleva su capital al 7,5%" '777 Partners' acquires Rodri's stake and raises its capital to 7.5%. Diario de Sevilla (in Spanish). Retrieved May 1, 2023. ^ Florido, E. (December 18, 2021). "Accionistas Unidos denuncia el uso del escudo del Sevilla por 777 Partners" Shareholders Unidos denounce use of Sevilla badge by 777 Partners (in Spanish). Málaga Hoy. Retrieved May 4, 2024. ^ "Italian club Genoa bought by U.S. investment firm 777 Partners". Reuters. September 23, 2021. Retrieved May 1, 2023. ^ "Genoa sack Shevchenko after only two months in charge". beIN Sports. January 15, 2022. Retrieved May 1, 2023. ^ Johnson, Jonathan (May 17, 2022). "American owned clubs struggle: Bordeaux, Genoa and Venezia sought stability but found relegation". CBS Sports. Retrieved May 1, 2023. ^ "Brazil's Vasco da Gama sells $333m stake to US investor 777 Partners". Inside World Football. February 22, 2022. Retrieved May 23, 2023. ^ "Vasco faz acordo para vender 70% do clube por R$ 700 milhões" Vasco reach agreement to sell 70% of the club for R$700 million. O Estado (in Portuguese). February 21, 2022. Retrieved May 1, 2023. ^ "Furioso, Luva de Pedreiro protesta contra 777 Partners após derrota do Vasco" Furious, Luva de Pedreiro protest against 777 Partners after Vasco defeat. Terra (in Portuguese). July 3, 2023. Retrieved September 15, 2023. ^ "Le Standard de Liège officialise sa reprise par le fonds d'investissement américain 777 Partners" Standard Liège confirm their acquisition by the American investment firm 777 Partners. L'Équipe (in French). March 12, 2022. Retrieved May 1, 2023. ^ "« Sans pognon, pas d'ambition » : le message des supporters du Standard à 777 Partners avant le match contre le RWDM (photo)" "Without money, no ambition": Standard supports' message to 777 Partners before the match against RWDM (photo). Le Soir (in French). September 2, 2023. Retrieved September 23, 2023. ^ "Standard Liege confident transfer ban will be short-lived". Reuters. December 21, 2023. Retrieved May 2, 2024. ^ "French left cries foul over US takeover of Red Star soccer club". France 24. May 13, 2022. Retrieved May 1, 2023. ^ a b c Yaffe, Simon (September 23, 2024). "Everton takeover: What might club & fans expect from 777 Partners?". BBC Sport. Retrieved May 2, 2024. ^ "National. Le Red Star officiellement promu en Ligue 2 malgré sa défaite contre Dijon" Natinal. Red Star officially promoted to Ligue 2 despite their defeat to Dijon. Ouest-France (in French). April 19, 2024. Retrieved May 2, 2024. ^ Monteverde, Marco (October 5, 2022). "A-League club joins portfolio of Miami-based 777 Partners". News.com.au. Retrieved May 1, 2023. ^ Graham, Jackson (January 31, 2023). "Victory shareholders back US private equity bid, former director warns of 'bad deal'". The Sydney Morning Herald. Retrieved September 15, 2023. ^ Fahey, Ciáran (March 11, 2023). "Miami-based 777 Partners takes 64.7% stake in Hertha Berlin". Associated Press. Retrieved May 1, 2023. ^ "Everton's Farhad Moshiri agrees sale of club to American firm 777 Partners". The Guardian. September 15, 2023. Retrieved September 15, 2023. ^ Panja, Tariq (October 10, 2023). "The Mystery Company With One Foot in the Premier League". The New York Times. ISSN 0362-4331. Retrieved October 12, 2023. ^ Goodley, Simon (April 30, 2024). "Everton call in insolvency advisers amid fresh doubt over 777 takeover". The Guardian. Retrieved May 2, 2024. ^ Dye, Josh (February 1, 2023). "The US private equity giant funding Australia's new budget airline Bonza". ABC News. Retrieved May 1, 2023. ^ Potkins, Meghan (June 1, 2022). "Flair Airlines can keep flying in Canada, regulator rules". Financial Post. Retrieved May 5, 2024. ^ "Flair apologizes for cancellations after plane seizures, says leasing company in talks with competitor". CTVNewsEdmonton. March 14, 2023. ^ Atkins, Eric (March 11, 2023). "Flair Airlines has four airplanes seized after failing to pay the leasing company, causing several cancelled flights". The Globe and Mail. Archived from the original on March 11, 2023. ^ Mulcahy, Karyn (March 14, 2023). "Flair apologizes for cancellations after plane seizures, says leasing company in talks with competitor". CTV News. Retrieved March 14, 2023. ^ "Lessors chase 777 Partners for $28m alleging non-payment for Flair 73…". January 10, 2024. Archived from the original on January 10, 2024. ^ Visontay, Elias; Transport, Elias Visontay; reporter, urban affairs (April 30, 2024). "Bonza enters voluntary administration after abruptly cancelling all flights across Australia". The Guardian. ISSN 0261-3077. Retrieved April 30, 2024. ^ "O.G. Anunoby becomes part-owner of the London Lions". Eurohoops. April 19, 2023. Retrieved May 23, 2023. ^ D'Alessandro, Anthony; Wiseman, Andreas (July 27, 2022). "STX & Lionsgate In Talks For Strategic Partnership". Deadline Hollywood. Retrieved May 23, 2023. ^ "Vasco: condenação de Josh Wander por tráfico de 31g de cocaína, de 2004, repercute nas redes sociais; 777 diz que 'incidente ficou para trás'" Vasco: Josh Wander's sentence for trafficking 31g of cocaine, in 2004, reverberates on social networks; 777 says that 'the incident stays in the past'. O Globo (in Portuguese). March 18, 2022. Retrieved May 1, 2023. ^ "Alabama man indicted, faces murder charges". The Red & Black. February 11, 2004. Retrieved May 1, 2023. ^ Powell, Dave (September 12, 2023). "Who are 777 Partners? US firm in 'advanced talks' over Everton takeover". Liverpool Echo. Retrieved September 12, 2023. ^ Obra Capital Management LLC v 777 Partners LLC and Steven W. Pasko (New York Supreme Court), Text. ^ Slater, Matt. "Would-be Everton owners 777 described as 'crumbling house of cards' in lawsuit". The Athletic. Retrieved March 15, 2024. ^ Tan, Chris Dolmetsch, Gillian (March 13, 2024). "Would-Be Everton Owner 777 Partners Faces Lawsuit Over Asset Transfers". Insurance Journal. Retrieved March 15, 2024.: CS1 maint: multiple names: authors list (link) ^ "The reinsurer under fire over owner's football team bid". www.insurancebusinessmag.com. Retrieved March 15, 2024. ^ "The Mystery Company With One Foot in the Premier League". New York Times. October 10, 2023. Retrieved March 15, 2024.

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Paul The Esk 05 May 2024 33comments (last) The startling submission, accusations and evidence submitted to the United States District Court, Southern District of New York, by UK-based Leadenhall Capital (and others) against Josh Wander, Steve Pasko, Kenneth King, 777 Partners, A-Cap (and others) on the 3 May 2024 provide perhaps the most compelling evidence yet of what many, including myself, have suspected. Namely that 777 Partners and A-Cap, in their various forms and through the actions of their principals, Wander, King and Pasko, are less than the sum of their parts. Months of research provides mountains of fact-based evidence of questionable business practices, the most bizarre of financing arrangements, and a huge inter-dependency between King and Wander in particular, to keep their failing enterprises functioning. The submitted Court papers are available here: Leadenhall Capital Partners LLP (& others) v Wander, Pasko, King, 777 Partners A-Cap (& others) What started as a desire to understand the would-be owners of Everton Football Club has grown into a multiple media, regulatory and more, examination initially of their multi-club model and its finances, to one that includes airlines, aircraft leasing, institutional lending and investing plus, perhaps most sadly, the future security of clients of several insurers and re-insurers in the United States and Bermuda particularly.

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The significance of this funding model, business practices and seeming regulatory ignorance will reshape the US insurance market and its relationship with private equity and offshore re-insurers. Closer to home, from football’s perspective, it will shine light on many other private equity funded football acquisitions and the growth (abuse?) of the multi-club model. Everton’s non-response Despite the huge significance of the above, a significance which grows with each passing news article, Moshiri, and de facto, Everton, have remained tight-lipped. Throughout this huge piece of work undertaken by football fans, journalists, regulators and now the US Courts, there has remained a small number of constants. From an Everton perspective, they are Moshiri’s insistence that 777 Partners collectively remain suitable and appropriate purchasers of his shares, and Everton Football Club’s continued silence regarding the takeover, the impact the delay has had on the club, and the alternative strategies or choices when the 777 bid ultimately fails. For Evertonians, this is the really important topic. Our seemingly non-functioning board provides no reassurance to fans, stakeholders and commercial partners. Not only that but there is no justification for their choice other than the shortest of (non-evidence-backed) explanations back in September 2023. Moshiri, as owner, has all but disappeared. He communicates sporadically with a small number of media contacts via his PR Company, trotting out the same mantra that everything will be fine. Indeed, echoing the words of Josh Wander and his PR company, never fully explaining the delays but promising a solution in the near future. What sort of way is that to run a football club? What sort of way is that to treat fans? What sort of way is that to treat employees, commercial partners and others? How can one (Moshiri) be so contemptuous of those whose lives this impacts most of all? What sort of person forces communications staff to feed media and fans alike a narrative that daily and with growing evidence becomes less and less credible? What sort of person puts his manager and players through all the machinations of this season, whilst ultimately knowing his chosen solution will never come to fruition? What sort of person forces individuals to compromise their careers and probably their own integrity whilst in the employment of Everton to cover for his 8 years of ineptness, and his greatest folly, his choice of 777 Partners? Somebody at Everton has to burst this Moshiri-induced narrative, that the current situation will be resolved successfully, and that 777 have a viable future ahead for themselves but specifically, for Everton. That is clearly not the case. We, as a club, have to rise from this sense of denial and face the reality of the situation. We need leadership from within either to promote alternatives or accept reality. The reality of continuing down this path is administration – 777’s failure to complete (which should have been recognised 8 months ago) and the inability to continue funding losses and capital expenditure has only one outcome unless a solution is permitted to enter. The audited accounts pointed in the gravest manner as to the risks ahead for Everton, and that was on the basis of a successful takeover by a solvent, funded and credible acquirer, assumed to be completed in “early 2024”. That is clearly not the case, nor ever will be if 777 Partners remain in the frame. What are the alternatives? (i) Moshiri allows the creditors to restructure the club’s finances, form a functioning board and allow other investors to acquire a going concern; (ii) The club enters administration as funding and perhaps creditor support ceases. With regards to (i), this is a viable option. Without entering into details, options are available; however, it requires Moshiri to recognise this as the only viable, non-administration option. It would allow sensible debt restructuring and the introduction of the fabled investors “waiting in the wings”. It is an option though that becomes less viable and more expensive as time goes by. There has always (in my mind) been an urgency to this, that urgency has increased many times over in recent days. 777 Partners and associated parties The civil case brought about by Leadenhall Capital has huge significance. It is, of course, a series of allegations albeit backed by evidence provided by Wander himself via recorded, verbal confessions. I do not wish to prejudice the case. In a sense, the existence of this civil case and its allegations, plus other accusations and investigations elsewhere, provide the background by which it is impossible to see 777’s survival and perhaps even that of A-Cap, the insurer, regardless. The bringing to Court by Leadenhall of allegations of double pledging assets used as security will have every other lender to 777 Partners et al scrambling to ascertain the status of their security arrangements. The public assertion that each of 777’s assets are ultimately pledged to A-Cap renders (if wholly accurate) all other security arrangements worthless. At best, it stops instantly all future funding; at worst, lenders will attempt to call in their loans. 777 Partners do not have the liquidity to satisfy such demands, nor do their underlying investments have ready buyers. Most investments are illiquid, under- or non-performing, and worth much less than the value booked on the balance sheets. If, as the Court documents suggest, ultimately A-Cap hold all the security, they, by regulatory pressure at least, will be forced sellers of 777’s assets and face all the liquidity and valuation issues described above. In reality, given their current regulatory status, this decision will be taken out of the hands of Kenneth King (CEO of A-Cap) and placed in the hands of the State regulatory administrators. It is a particularly grim scenario, particularly if as would seem likely, A-Cap’s live insurers would have to cease writing new business, there would be significant asset write-downs, and no doubt, further rating write-downs. As is already evidenced by the administration of Bonza, the sale of its Flair shareholding, and the disposal of their airplane leasing business, AIP, to A-Cap, 777 Partners were finding it incredibly difficult to operate. It’s widely acknowledged within the football world that 777’s other football clubs are available for sale. As has been well documented throughout, even before this crisis, 777 faced huge problems, cash negative, under- or non-performing assets, and denied access to new lending sources. Now, the scene looks even worse, and there can be no viable prospect of their business surviving (in my opinion). What happens to Everton’s debt to 777 Partners? Clearly, if 777 Partners or possibly A-Cap are in a default position, their administrators would look to recover from their debtors. Everton’s debt to 777 Partners ranks the least senior of the secured creditors – football creditors, MSP, Metro Bank and Rights & Media Funding all ranking above them. The prospects of full recovery are therefore slight. What recourse 777 Partners (or their administrators) have is entirely dependent upon the various loan agreements in place. It’s a much greater problem for 777 than Everton. However, it clearly cuts off any additional funding to Everton. Hence Everton will have to find alternatives very quickly, whether they be Moshiri, existing lenders or potential investors. The opening of the transfer window next month would (however regrettably) provide a backstop – not that we want to get to that point. Back to Moshiri Everton were not in a clean bill of health when acquired by Moshiri in 2016; however, it is obvious to all how much the club's circumstances have deteriorated despite the ongoing stadium build ( – if being generous). Moshiri’s misjudgements have been colossal – in every area he has touched. None more so than his choice of 777 Partners as potential, would-be purchasers. Every Evertonian, the Fan Advisory Board, the EFCSA, local and national politicians have to make it clear that his involvement is no longer welcome, that his judgement is so unsound as to not be trusted in any future decision over the club. An interim, genuine management board has to be put in place immediately. People experienced and versed in corporate recovery, seeing off the threat of administration if possible, restructuring the company to sell to sensible, well-funded purchasers. Otherwise, it falls into the hands of administrators and all the pain that that brings. There can be no more advocating for Moshiri, nor any advocating for his choice of 777 Partners. All of us, from matchgoing fans, more distant Blues, through to nationally recognised politicians, have to step in and ensure our rescue. It should have happened months ago; it didn’t, but it must now. Follow @theesk Reader Comments (33) Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer () Peter Hodgson
1 Posted 05/05/2024 at 20:59:56
Okay so most readers will accept that the Esk doesn't, and never has, liked 777 and so therefore may read this piece as him having another go at 777. That may be so but it shouldn't deflect from the essential message that the piece is shouting, as long as we look at it with our eyes very much open.We are really in the mire if all this current act of the circus is happening. If his speculation is accurate the 777 house of cards is not going to set tumbling by the Premier League but by someone in the States. Can we withstand that happening without having a back stop in place? Unlikely.The other question that springs to mind is, did Moshiri see (or have inside information about it) that prompted him to engage the rumoured consultants he has brought in recently? Maybe. If so, not a second too soon, but it is understandable he hasn't broadcast that, if that is the case because it is a matter of staying as many steps ahead of things as possible.So where does that leave us? Basically still in the brown stuff but of a different sort of brown stuff than we were in before. And potentially deeper brown stuff than we have experienced before.The Esk fails to mention that there are White Knight(s) which I understand that he has said before (I may be wrong on that point and apologise if so). So the work of the consultants, as suggested by The Esk, should therefore start immediately. No delays.
Gerry Quinn
2 Posted 05/05/2024 at 21:11:13
Don't you wish us Evertonians had mega-fortunes, Paul? So frustrating with these greedy buggers who don't really have any interest in the actual club! Was so desperate to win the US Lottery of + $1 billion last month...
Mike Gaynes
3 Posted 05/05/2024 at 21:23:28
"(i) Moshiri allows the creditors to restructure the club’s finances, form a functioning board and allow other investors to acquire a going concern;"This appears to be the portfolio of GDA Luma, the reputed new player in 777's game. Unlike 777, GDA has extensive restructuring experience -- and some serious money behind it.
Larry O'Hara
4 Posted 05/05/2024 at 21:30:17
As you say, Paul, 777 are toast….But I do not see any White Knights.The situation is indeed dire.
Pat Kelly
5 Posted 05/05/2024 at 21:52:42
It's all sub judice for now.All that's been concluded in the article is that “the startling submission, accusations and evidence submitted to the United States District Court” confirms suspicion that 777 “are less than the sum of their parts”. We've had a football team that's been less than the sum of its parts for ages. A more serious finding will be required to prevent 777 from acquiring Everton. These claims and counter claims could take a very long time to resolve. No one's goose has been cooked yet. Lawyers have to make a living. Let's not hold our breath.
Peter Hodgson
6 Posted 05/05/2024 at 22:04:30
The link in the piece, which I thoroughly recommend having a look at (but not for too long 'cos you go goggle eyed) is the court documents for the case Leadenhall has brought is 82 pages long but explains to some extent the case. The legal action, if it goes to court, will take forever and cost a fortune. It will be complicate and too complicated for the layman. But do partially familiarise with it. It is worth it. Link here: https://theesk.org/wp-content/uploads/2024/05/Leadenhall-Capital-Partners-LLP-v-Wander-Pasko-777-Partners-etc.pdf
Michael Kenrick
7 Posted 05/05/2024 at 22:07:29
In context, this is a long-running case that predates any involvement 777 Partners have with Everton. Also in context, lawyers have been known to exaggerate somewhat when putting forward their arguments in an effort to persuade. It remains to be seen what impact, if any, these claims have outside of the US District Court — and more crucially, when they will have any impact. Such a case could take months to be heard, and could drag on for months or even years. Meanwhile, 777 Partners have provided and continue to provide the funds Everton need to carry on their day-to-day business and pay Laing O'Rourke for the ongoing construction of Moshiri's wonderful new stadium at Bramley-Moore Dock. Just sayin’. Peter Hodgson
8 Posted 05/05/2024 at 22:15:21
Quite correct, Michael. But if it means that 777 are no more, then we, as things stand, are buggered too. So we should prepare for life without them.
Ed Prytherch
9 Posted 06/05/2024 at 02:45:13
The case in the NY court could drag on but in the meantime 777 will be unable to access more external funds. Regulators in Utah and South Carolina took action a few weeks ago to stop A-CAP linked companies selling policies in their states. Others will surely follow. I cannot see 777 making any more loans to EFC. The Premier League do not have to disqualify 777 because they know that their bid for EFC is dead.
Mike Gaynes
10 Posted 06/05/2024 at 03:23:08
Ed #9, according to the Bloomberg report about GDA Luma, 777 is already accessing more external funds.
Don Alexander
11 Posted 06/05/2024 at 03:41:10
777 have by now repeatedly displayed themselves to the entire world as charlatans, thus far utilising Ponzi machinations to enrich themselves to the cost of their "ordinary" investors' expectations.A so-called genius accountant would be able to see through them in an hour, but alas, we don't have one. BMD is irrelevant in terms of Everton Football Club's future prosperity for decades, on account of Moshiri.He's digging us a grave in plain sight from which we are likely to perish. He is in French terms "une chatte", indulged by our very own self-serving c**t, Kenwright. Mike Gaynes
12 Posted 06/05/2024 at 03:47:09
Anyone who can access the New York Times should read the NY Times Magazine article entitled When a Bunch of Bloody Yanks Came For English Soccer. I cannot link it here, but it's a great read, particularly in its comparison of the mess Boehly has made at Chelsea (the same Boehly who may be backing GDA Luma's move with 777) to the amazing resurrection of Villa by Edens and Sawiris. Why would a Yank and an Egyptian buy a collapsing club in a bad Birmingham neighborhood just ahead of bankruptcy? Here's why:It was probably inevitable that venture capitalists and hedge-fund managers would discover English soccer. The clubs, from the famous ones to those in leagues further down that have plumbers and shop clerks playing part time, enjoy support that most American teams can only envy... It doesn't hurt that they seem wildly undervalued compared with other sports investments. To take just one example, the San Diego team entering MLS next year, a league that’s 30 years old, is paying a $500 million expansion fee to join; Bill Foley paid less than a third of that in 2022 to buy A.F.C. Bournemouth.At the same time, underpriced tickets and bad food have provided a significant opportunity for economic growth — “low-hanging fruit,” as investors tended to describe it. So has the propensity of English fans to arrive moments before games and leave right after. Get them to spend more time at the stadium, like their American counterparts, and they might have a meal there. They might linger at an expanded club shop selling branded versions of everything from license-plate frames to dog beds. An N.B.A. owner once told me that a successful sports team should be a kind of mutual fund of businesses, across categories that include entertainment, digital content, apparel, hospitality, even real estate. Until recently, most English soccer clubs were in one business: staging games. And they didn’t do it particularly well.Note the words "real estate" in that list. To monetize his Villa investment, Edens plans to develop the land around Villa Park.And in my uninformed opinion that's where the appeal of Everton lies. The development part at BMD is already almost done. Add to that the marketing we've never done, the gear we've never tried to sell, the corporate hospitality we've never hosted, and the potential just keeps adding up. If the club can stay up for one more season and ensure its PL revenue stream sufficient to survive, the eventual buyer could be unearthing a diamond mine. All hope and speculation, of course. But the parallels to Villa's situation five years ago are striking. And they'll be in the Champions League next season.
Don Alexander
13 Posted 06/05/2024 at 04:27:24
Mike, no disrespect intended at all but your speculation, like mine, derives from Moshiri and the EPL buffoon hierarchy providing any info at all on the otherwise massive shortcomings of 777 and Everton itself given the EPL draconian sanction/s against us.We're all in a fog, just where corrupt entities want us to forever remain.
Alan J Thompson
14 Posted 06/05/2024 at 06:29:32
So will the Premier League come out and declare 777 as not meeting their criteria as suitable owners or will they await the outcome of the Leadenhall proceedings using the excuse that they cannot comment while the matter is before the Courts, which in Everton's case it isn't, or is it?
Laurie Hartley
15 Posted 06/05/2024 at 07:09:09
Paul - from your OP:"An interim, genuine management board has to be put in place immediately." Perhaps this is a stupid question but are you saying replace the board and if so who exactly has the authority to do that???? The Club website states that the current board consists of Moshiri, John Spellman and Colin Chong. Derek Thomas
16 Posted 06/05/2024 at 08:00:01
Alan @ 14; Even though 777 are on their 3rd? or 4th? 'put up or shut up' deadline, the 'Innocent until proven guilty' thing will 'allow' The Premier League to do little or nothing, not that they seem too keen anyway.I don't know how many wheels 777 started with on their Wacky Racers Financial-Mobile - but there can't be many left - hopefully.Altogether now..."One wheel on my wagon and I'm still rolllin' along"
Laurie Hartley
17 Posted 06/05/2024 at 08:12:21
Peter # 6 - well I have just spent an hour going through your linked document. It is too complicated for me to understand completely but what I do understand in it has my head spinning. Adrian Evans
18 Posted 06/05/2024 at 09:21:15
Moshiri may not be allowed to invite another buyer by outside influencer? It doesnt take much imagination to think who that is!!But if the Premier League turn down 777 Partners, then he has no option.If MSP Capital, AJ Bell, others say No!! 777 are out then, no choice.It needs a well capitilised company, consortium, or individual to come in and buy Everton. Clear the mess up of debt, north of £500M, pay off Moshiri, finish the stadium.Clearly they will need to keep Everton afloat for 3 or 4 months.Premier League tests to pass. But Sir Jim Ratcliffe took only 12 weeks. So by September the new owners can be in place.Moshiri can agree investment whilst it’s being sorted. Or, if we can be docked 12 points this season, win against Blades and we have enough points.Clear some debt. But that’s not fair to MSP, AJ Bell, et al. There has to be a sensible way to keep us afloat, pay everyone off.The next week will be crucial:US companyQatari State FundAN Other.But 777 has to be told “No – you’re out!”
Simon Jones
19 Posted 06/05/2024 at 09:35:44
Mike #12, May be the most interesting post I've ever read on TW?! So all we need is a US-based-venture-capital-hedge-fund-thingy, just not the potential one we are currently shackled with, and we've all got to have dinner at the match?Aside from the above, I got a freebie at Leicester City a couple of years back (Mykolenko's rocket) were there was a Sunday dinner beforehand, few beers, bit of entertainment and good seats. It was a very enjoyable way to see (experience) the game, so I can see the point of what you've posted, but it is a big change for most fans' match-going experience.
Tony Abrahams
20 Posted 06/05/2024 at 10:16:15
Whoever buys Everton has immediately got to send their marketing into overdrive.The scope is incredible. I drove into town yesterday at 11:15 am and I have genuinely never seen so many people on Dale Street, mostly walking towards the riverwhilst enjoying the sun.A lot of these people were dressed in the colours of Liverpool FC but there were also a lot of people wheeling suitcases. Our city, has suddenly become a very popular place and it's time Everton Football Club, started trying to create The Blue Everton Quarter in this very part of town.Dale Street, Old Hall Street is only really the business quarter from Monday to Friday but this is going to be the first port of call for most Evertonians leaving the new stadium (especially until around the ground is developed for people to stay around and drink with friends – a la County Road) and also the area around Castle Street has got many fantastic establishments and most Evertonians are coming back to town.Let's start reclaiming our city, because we will soon be the team from town.
John Bourne
21 Posted 06/05/2024 at 11:48:36
And yet, despite all of the aforementioned, Moshiri sees 777 Partners as the best option to facilitate the sale of the club.It begs the question, Why?The elephant is in the room for all to see.
Mark Taylor
23 Posted 06/05/2024 at 15:27:08
If I was Colin Chong, I would be seriously considering resigning as a director (even if not from his actual job). If you continue when you are aware that the entity isn't solvent, you can be in big trouble.I think the point has been reached whereby the imminent takeover by 777 is not only not imminent but not happening and since Moshiri isn't going to provide liquidity, insolvency is enough of a risk to make a director feel very uneasy.
Jerome Shields
24 Posted 06/05/2024 at 15:43:07
Don#13It is a absolute fog.Even Metro, R&FM and MSP Sports Capital will be thinking the same.It probably has been a fog for some time.I can't see anyone doing anything, only MSP Sports seeking redress if their loan is not satisfied.But we will be told nothing dependent on what comes out in the wash.As for A Cap and the 777 Partners legal and regulatory problems.They are rooted in the Baby Boomer Trillion USA Pension and Derivatives Market with probable Worldwide Economic Repercussions.I expect the Federal Reserve to step in.Which is way over Evertonian heads and most Professional Financial Analysts. Jerome Shields
25 Posted 06/05/2024 at 15:44:49
Paul the EskDo you know the source of the recent payment of funds that Everton received to fund them to end of the season?
Brian Harrison
26 Posted 06/05/2024 at 16:07:53
Brian Harrison
27 Posted 06/05/2024 at 16:07:53
I would hope when the Government appoint an independent regulator that he also has the power to bring owners who are doing nothing to stop their club sliding into administration before a select committee to answer questions. Because at the moment the Premier league is powerless to stop unscrupulous owners from allowing their clubs to go into administration or worse.The fans are powerless to do anything, yes we can take to the streets to protest about our incompetent board but seemingly there is nothing any fans can do but accept whatever the outcome is. I think we can take it that seeing Moshiri has not said a thing then he still thinks 777 are the ideal people to take over the club. Tony Abrahams
28 Posted 06/05/2024 at 16:24:58
Latest wattsapp messages are saying it’s now come on top for 777 in Belgium as well. James Hughes
29 Posted 06/05/2024 at 16:39:19
James Hughes
30 Posted 06/05/2024 at 16:39:19
James Hughes
31 Posted 06/05/2024 at 16:39:19
Ed Prytherch
32 Posted 06/05/2024 at 16:49:54
Mike Gaynes, The game day experience is influenced by disposable income. The median personal disposable income in the US is $46K and is $25K in the UK. Most fans in the UK cannot afford to spend US style.https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income#Median_equivalised_disposable_income
James Flynn
33 Posted 06/05/2024 at 17:45:13
Tony (28) - ThanksIt's from Josimar:"The Repo men?The two main creditors of 777 Partners in Belgium are asking for the seizure of all assets held by the US investment fund in the country after it failed to respect payment deadlines.By Philippe Auclair and Paul BrownJosimar has regularly reported on the financial problems encountered by 777 Partners’ Belgian club Standard de Liège since the Miami-based investment fund took control of the club in the spring of 2022. The club, which is still heavily in debt despite 777’s regular capital raises, lost over 20 million euros net in 2022-23 and has publicly admitted it has struggled to meet its commitments towards staff, business partners and suppliers. This earned the club two transfer bans by the Belgian regulator in June and December 2023, which were later lifted. Some of these suppliers have been waiting for six months and more for their due, whilst salaries and bonuses have regularly failed to be paid on time.As reported here, 777 Partners recently defaulted on two tranches of payment owed to Standard’s former owner Bruno Venanzi and to the shareholders of the Immobilière du Standard, the company which owned the club’s famous Stade de Sclessin. Among those shareholders, alongside Venanzi, are former star players of les Rouches such as Edmilson Jr and former Belgian internationals Nacer Chadli and Axel Witsel. The second tranche, worth 3.5 million euro, should have been paid on 15 April. Venanzi is believed to be owed about the same amount of money.Lead photo: Former Standard de Liège Bruno Venanzi (l.) with Josh Wander (r.) and Standard CEO Pierre Locht (partly obscured)According to information received by Josimar and confirmed by multiple sources in Belgium, the affair has now been escalated by 777’s two main creditors, who are seeking a seizure of the assets owned by the US investment fund in the country – in which official papers seen by Josimar make it clear that any such disputes must be settled. Two complaints were filed on Monday 6 May, one by Venanzi, the other by the shareholders of the Immobilière. These assets include the shares ceded by Venanzi in 2022 as well as the stadium itself. In other words, the claimants are seeking a complete repossession of the assets they sold to 777 Partners (*).Double-pledging assetsThe sums involved may seem negligible – an estimated 8 million euro in total if other, lesser creditors are taken into account – in view of 777’s claims that they manage a portfolio worth up to 10 billion US dollars, and have managed to find close to 200 million pounds sterling to prop up Everton FC in the hope that their proposed takeover, on which they shook hands with owner Farhad Moshiri in September of last year, is finally rubber-stamped by the Premier League. It should be added that this prospect looks increasingly remote as another court action, this time by Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund Plc, one of their main sources of funding in the past, accuses Josh Wander’s and Steven Pasko’s group of companies of fraud and double-pledging assets on a colossal scale in a suit filed with the US District Court, Southern District of New York.The money seems to have dried up almost completely, now that long-time backer Kenneth King, the owner of the A-CAP group of companies, announced in February that he would be ‘disinvesting’ from 777-controlled entities. Since this announcement, made in an online seminar, a subsidiary of A-CAP, AIP Capital, has repossessed a fleet of 30 Boeing 737 Max-8 previously on 777 Partners’ books and operated by their Australian aviation venture Bonza. The ultra-low cost airline has collapsed as a result, grounding its own fleet, laying off hundreds of employees without pay, and entering into voluntary administration. In view of the modest sums involved, this court case might appear just another bump in the rocky road on which 777 Partners have been travelling in their journey into football. What will worry Wander and his associates is the speed at which the affair will be examined by Belgian justice, which could take as little as ten days to deliver a verdict. Should Venanzi and the Immobilière prove their point, 777 Partners risk losing a club they had vowed to bring back into Europe and has only just escaped relegation in the worst-ever season in their 125 year history. The impact this would have on the rest of their football empire could not be underestimated, with Genoa CFC, in particular, said to experience late payment issues similar to those which have afflicted Standard for well over a year.Within the club, the mood is grim, as expressed by their American right-back Marlon Fossey who, after yet another defeat – 3-1 to Oud-Heverlee this time, on Sunday – summed up the situation in the following terms. “Things are out of our control”, he said. “We must stick to our place, to do what we are paid for… (pause) when we are paid.”https://josimarfootball.com/2024/05/06/the-repo-men/ Mike Gaynes
34 Posted 06/05/2024 at 18:14:53
Ed #32, I'm just pointing out the reasons that these Yank investors see opportunity in the UK football market. And they see the obscene returns that the Glazers have pocketed, and they've seen the club across the park nearly triple in value in the 14 years since FSG bought it, and they want in. That's why half the clubs in league now have Yank owners. The Yanks have the cash, and they know how to monetize a sports operation.
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n It is time for us to take a stand and unite in the face of the current crisis surrounding Everton Football Club. The recent decision made by Farhad Moshiri to partner with 777 Partners has caused quite a stir, with many voicing their opinions both for and against it. However, it is evident that this is no longer a matter of advocating for Moshiri or his chosen partners. As a collective, from loyal match goers to those who support the club from a distance, and even influential politicians, it is our responsibility to step in and ensure the rescue of our beloved club. It is time to put our differences aside and work together towards a common goal - the survival and success of Everton.### Sevilla

edit 777 Partners' first investment in soccer was to purchase a minority stake in Spanish La Liga club Sevilla FC in 2018.1 In 2020, it elevated its share to 7.5%.2 777 does not legally own shares in Sevilla as its involvement is as the owner of a group called Sevillistas Unidos S.L.. The latter organization has denounced 777 for listing Sevilla as one of "Our Portfolio Brands" on its website.3

Genoa

edit In September 2021, 777 Partners bought 99.99% of Italian Serie A club Genoa C.F.C., the country's oldest club, founded in 1893. It became the sixth club in the league to have an American owner, and the transaction to buy the club from long-term owner Enrico Preziosi was estimated at €150 million.4 The club hired former A.C. Milan and Ukraine striker Andriy Shevchenko in November, firing him in January 2022;5 Genoa ended the season relegated (as did another US-owned team, Venezia FC),6 but were immediately promoted back into the top division in May 2023.

Controversy

Vasco da Gama

edit In February 2022, 777 Partners bought 70% of CR Vasco da Gama, a Campeonato Brasileiro Série A club from Rio de Janeiro for R$700 million, valuing the club at R$1.7 billion. The transaction was the biggest in the history of Brazilian football, and came off the back of a change in legislation allowing clubs to adopt new legal structures by becoming limited companies and sourcing finance from private equity markets.[7]8 Fans protested against 777 Partners in the 2023 Campeonato Brasileiro Série A season, as the club found itself in the relegation zone.9

Standard Liège

edit In March 2022, 777 Partners bought 100% of Standard Liège in the Belgian Pro League for €55 million.10 The fans protested in September 2023 over what they believed to be a lack of investment and ambition.11 In December 2023, Standard Liège was given an indefinite transfer ban by national authorities for alleged delays in paying taxes, salaries and transfer fees.12

PROMOTIONS

Melbourne Victory

edit In October 2022, 777 Partners bought a minority stake in Melbourne Victory FC of the Australian A-League Men16 for AU$8.7 million. The following January, the club's shareholders voted in favor of allowing 777 Partners to secure up to 70% over the next five years, in exchange for AU$30 million in investment.17

Hertha BSC edit The company took a 64.7% stake in Hertha BSC of the German Bundesliga in March 2023, after its sale by Lars Windhorst, who had been majority shareholder since 2019.[18] Due to German football's 50+1 rule, 777 does not control the club. The company faced protests from Hertha's fans.[14]

Everton bid edit In September 2023, 777 Partners agreed to buy Everton F.C. of England's Premier League by purchasing the 94.1% owned by Farhad Moshiri.[19][20] In April 2024, with the deal not complete and after the 777-owned Australian airline Bonza entered voluntary administration, Everton called upon the services of insolvency advisers Teneo.[21] n clinch fourth A-League trophy

In a thrilling finale to the A-League season, Melbourne Victory has emerged as the champions, securing their fourth title in the league's history. The highly anticipated match saw Melbourne Victory battle it out against their rivals in a high-stakes game that had fans on the edge of their seats. With both teams displaying exceptional skills and determination, it was clear that the title was up for grabs. However, it was Melbourne Victory who ultimately prevailed, showcasing their dominance and cementing their place as one of the top teams in the A-League. This victory marks a momentous achievement for the club and their fans, solidifying their status as one of the most successful teams in the league. ###

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"The Impact of Social Media on Mental Health"

Social media has become an integral part of our daily lives, with millions of people around the world using various platforms to connect, share, and consume information. While social media has its benefits, such as staying connected with loved ones and accessing a vast amount of information, it also has a significant impact on mental health. The constant exposure to curated and often unrealistic depictions of life, the pressure to constantly present a perfect image, and the fear of missing out can all contribute to feelings of anxiety, depression, and low self-esteem. Moreover, the addiction and overuse of social media can lead to a decrease in face-to-face interactions, which are crucial for maintaining healthy relationships and promoting overall well-being. As the use of social media continues to increase, it is essential to recognize its potential impact on mental health and take proactive measures to maintain a healthy balance. ### Red Star

edit 777 Partners bought Red Star F.C. of the French third-tier Championnat National in April 2022. The club was founded in 1897 by Jules Rimet, who was later president of FIFA. The takeover was met with backlash due to the club's working-class and left-wing history, and concerns that the club would become a farm team for 777's other assets. Former presidential candidate Jean-Luc Mélenchon was one of several politicians to sign a letter published in Le Monde, stating "For us, Red Star is a common good that cannot be sacrificed on the altar of profit."13 Éric Coquerel, the parliamentary deputy whose constituency includes Red Star's home of Saint-Ouen-sur-Seine, has campaigned for laws against multi-club ownership.14 Red Star won promotion to Ligue 2 in 2024.15

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Melbourne Victory

Hertha BSC edit The company took a 64.7% stake in Hertha BSC of the German Bundesliga in March 2023, after its sale by Lars Windhorst, who had been majority shareholder since 2019.[18] Due to German football's 50+1 rule, 777 does not control the club. The company faced protests from Hertha's fans.[14]

Everton bid edit In September 2023, 777 Partners agreed to buy Everton F.C. of England's Premier League by purchasing the 94.1% owned by Farhad Moshiri.[19][20] In April 2024, with the deal not complete and after the 777-owned Australian airline Bonza entered voluntary administration, Everton called upon the services of insolvency advisers Teneo.[21]
777 Partners is a private investment firm that was founded in 2015. The company is headquartered in Miami, Florida and focuses on making strategic investments in various industries including aviation, technology, and healthcare. The firm is known for its unique approach to investments, which involves not only providing capital but also actively collaborating with management teams to drive growth and success. With a team of experienced professionals and a diverse portfolio, 777 Partners has become a major player in the investment world. The company's success can be attributed to its strong leadership, innovative strategies, and commitment to creating value for its investors and portfolio companies.

777 Partners

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Contents

Soccer

Reader Comments (28)

GAME PROVIDERS

Aviation

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USEFUL LINKS

Other investments

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PROMOTIONS

References

External links

PROMOTIONS

USEFUL LINKS

PROMOTIONS

Genoa

Controversy

Vasco da Gama

Standard Liège

PROMOTIONS

Melbourne Victory

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Melbourne Victory