• American  firm 777 Partners have begun disclosing details of Everton agreement
  • 777 claim to control assets worth almost £10billion worldwide in many industries
  • IAN LADYMAN: Erik ten Hag reminds me of David Moyes – It’s All Kicking Off

American private equity firm 777 Partners have told the Premier League they will use their own resources to complete the proposed £500million purchase of Everton rather than seek funding.

The firm have begun disclosing details of the deal agreed with Farhad Moshiri to the Premier League, whose initial questions revolve around the source and sufficiency of their funding.

777 claim to control assets worth almost £10billion worldwide through a complex structure of more than 60 companies involved in industries including debt financing, pay-day loans and aviation, as well as football.

The commitment to be self-funding will be a relief to Everton fans as the club is already saddled with loans totalling more than £350m, although 777’s habit of being late in making payments in areas of their sports business has led to scepticism over their promises.

777 Partners will use their own resources to complete their takeover of Everton, they have told the Premier League

777 Partners will use their own resources to complete their takeover of Everton, they have told the Premier League

The firm have begun disclosing details of the deal agreed with Farhad Moshiri ahead of taking control of Sean Dyche's (pictured) team

The firm have begun disclosing details of the deal agreed with Farhad Moshiri ahead of taking control of Sean Dyche’s (pictured) team

West Ham valued higher 

Vanessa Gold’s valuation of West Ham appears to be significantly higher than that of her fellow board members David Sullivan and Daniel Kretinsky, which may explain why the joint-chair is making some of her shares available on the open market. 

Sullivan and Kretinsky have declined the chance to purchase a portion of the 25 per cent stake Gold inherited from her late father, David, which has led to the appointment of American bank Rothschild to seek an alternative buyer. 

Kretinsky is the club’s most recent investor, with the Czech paying around £200m for 27 per cent two years ago in a deal which valued the club at £650m, but Gold is understood to want a higher price. 

Vanessa Gold (left) values West Ham significantly higher than fellow board members David Sullivan and Daniel Kretinsky (not pictured)

Vanessa Gold (left) values West Ham significantly higher than fellow board members David Sullivan and Daniel Kretinsky (not pictured)

Bees want more coverage 

Brentford’s attention to detail extends to schmoozing TV executives at Sky Sports and TNT Sports in an attempt to get more of their matches televised. 

Each TV game earns clubs a facility fee of £1.2m from the Premier League, valuable income for a club such as Brentford, whose income is limited by their stadium’s capacity of 17,250. 

Brentford’s lobbying is helped by their location close to Sky, whose HQ is just two miles away, but they go the extra mile by providing meals to the production staff who spend match days stuck in outside-broadcast trucks. 

Brentford are keen to get more of their matches televised due to the income available when games are shown

Brentford are keen to get more of their matches televised due to the income available when games are shown

Blues to change executive team

Chelsea continue to make changes to their executive team, with journalist Tom Roddy recruited as director of communications. 

Roddy has spent the last four years covering Chelsea for The Times and replaces Toby Craig, leaving after 18 months. 

The appointment will be Chelsea’s fourth at executive level this month following Jason Gannon as chief operating officer, Adriel Lares as chief financial officer and Casper Stylsvig as chief revenue officer. 

IT’S ALL KICKING OFF! 

It’s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football, launching with a preview show today and every week this season.

It is available on MailOnline, Mail+, YouTube , Apple Music and Spotify

[ad_2]
Post source: Daily mail

You May Also Like

Man United may be barred from Europe next season due to UEFA’s refusal to change ownership rules, impacting Sir Jim Ratcliffe

Man United may be barred from Europe next season due to UEFA’s…

Leicester Fined for Profit and Sustainability Breaches Despite Relegation

Report “Leicester Fined for Profit and Sustainability Breaches Despite Relegation” Leicester City,…

Kobbie Mainoo Promoted to England’s Senior Squad Despite No Player Drops

Kobbie Mainoo, a promising young talent from Manchester United, has been a…

Ratcliffe confident in Southgate for Man United emerges as the first choice for England boss

The speculation surrounding Gareth Southgate’s potential appointment as Manchester United’s next manager…