{"id":297985,"date":"2023-11-02T23:25:00","date_gmt":"2023-11-02T23:25:00","guid":{"rendered":"https:\/\/sportstons.com\/?p=297985"},"modified":"2023-11-02T23:25:00","modified_gmt":"2023-11-02T23:25:00","slug":"ahead-of-the-game-toffees-bidders-will-use-own-500m-to-seal-deal","status":"publish","type":"post","link":"https:\/\/sportstons.com\/soccer\/ahead-of-the-game-toffees-bidders-will-use-own-500m-to-seal-deal\/","title":{"rendered":"AHEAD OF THE GAME:\u00a0TOFFEES bidders will use own \u00a3500m to seal deal"},"content":{"rendered":"<h1>AHEAD OF THE GAME:\u00a0Toffees bidders will use their own \u00a3500m to seal deal instead of seeking funding&#8230; while Vanessa Gold&#8217;s West Ham valuation is higher than other board members&#8217;<\/h1>\n<ul>\n<li><strong>American\u00a0 firm 777 Partners have begun disclosing details of Everton agreement<\/strong><\/li>\n<li><strong>777 claim to control assets worth almost \u00a310billion worldwide in many industries<\/strong><\/li>\n<li><strong>IAN LADYMAN: Erik ten Hag reminds me of David Moyes &#8211; It&#8217;s All Kicking Off<\/strong><\/li>\n<\/ul>\n<p>American private equity firm 777 Partners have told the Premier League they will use their own resources to complete the proposed \u00a3500million purchase of Everton rather than seek funding.<\/p>\n<p>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.<\/p>\n<p>777 claim to control assets worth almost \u00a310billion 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.<\/p>\n<p>The commitment to be self-funding will be a relief to Everton fans as the club is already saddled with loans totalling more than \u00a3350m, although 777\u2019s habit of being late in making payments in areas of their sports business has led to scepticism over their promises.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/02\/21\/77341769-12704509-image-a-42_1698961579587.jpg\" height=\"432\" width=\"634\"><\/p>\n<p>777 Partners will use their own resources to complete their takeover of Everton, they have told the Premier League<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/02\/22\/77341793-12704509-The_firm_have_begun_disclosing_details_of_the_deal_agreed_with_F-a-5_1698964705748.jpg\" height=\"460\" width=\"634\"><\/p>\n<p>The firm have begun disclosing details of the deal agreed with Farhad Moshiri ahead of taking control of Sean Dyche&#8217;s (pictured) team<\/p>\n<p>Your browser does not support iframes.<\/p>\n<p><span>West Ham valued higher\u00a0<\/span><\/p>\n<p>Vanessa Gold\u2019s valuation of\u00a0West 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.\u00a0<\/p>\n<p>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.\u00a0<\/p>\n<p>Kretinsky is the club\u2019s most recent investor, with the Czech paying around \u00a3200m for 27 per cent two years ago in a deal which valued the club at \u00a3650m, but Gold is understood to want a higher price.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/02\/22\/77341821-12704509-Vanessa_Cage_left_values_West_Ham_significantly_higher_than_fell-a-6_1698964705749.jpg\" height=\"466\" width=\"634\"><\/p>\n<p>Vanessa Gold (left) values West Ham significantly higher than\u00a0fellow board members David Sullivan and Daniel Kretinsky (not pictured)<\/p>\n<p><span>Bees want more coverage\u00a0<\/span><\/p>\n<p>Brentford\u2019s attention to detail extends to schmoozing TV executives at Sky Sports and TNT Sports in an attempt to get more of their matches televised.\u00a0<\/p>\n<p>Each TV game earns clubs a facility fee of \u00a31.2m from the Premier League, valuable income for a club such as Brentford, whose income is limited by their stadium\u2019s capacity of 17,250.\u00a0<\/p>\n<p>Brentford\u2019s 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.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/02\/22\/77341913-12704509-Brentford_are_keen_to_get_more_of_their_matches_televised_due_to-a-7_1698964705750.jpg\" height=\"425\" width=\"634\"><\/p>\n<p>Brentford are keen to get more of their matches televised due to the income available when games are shown<\/p>\n<p><span>Blues to change executive team<\/span><\/p>\n<p>Chelsea continue to make changes to their executive team, with journalist Tom Roddy recruited as director of communications.\u00a0<\/p>\n<p>Roddy has spent the last four years covering Chelsea for The Times and replaces Toby Craig, leaving after 18 months.\u00a0<\/p>\n<p>The appointment will be Chelsea\u2019s 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.\u00a0<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span>It&#8217;s All Kicking Off\u00a0is 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.<\/span><\/p>\n<p><span>It is available on MailOnline, Mail+, YouTube , Apple Music and Spotify<\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12704509\/AHEAD-GAME-TOFFEES-bidders-use-500m-seal-deal.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AHEAD OF THE GAME:\u00a0Toffees bidders will use their own \u00a3500m to seal deal instead of seeking funding&#8230; while Vanessa Gold&#8217;s <span class=\"more-text\">&hellip;<\/span><\/p>\n","protected":false},"author":2,"featured_media":297984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AHEAD OF THE GAME:\u00a0TOFFEES bidders will use own \u00a3500m to seal deal - 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