|
|
Post by cosbyrider on Jan 4, 2024 6:43:26 GMT
Nearly a month later….. Must be time for another post by you Cosby. Did notice you’ve been the one to start every negative article about 777. I just happen to follow Phillipe Auclair on x given his excellent record as a journalist. And then share on here. He’s noted how much money Stabdard Liege, one of 777s investments have lost recently and their debt grown |
|
|
|
Post by milehigh on Jan 4, 2024 8:20:39 GMT
As much as 777 "spokesperson" Ellio may protest, the number of stories from good reputable journalists would suggest all is not right at 777 and their inability to properly fund their projects.
|
|
|
|
Post by erj14 on Jan 4, 2024 13:48:19 GMT
Nearly a month later….. Must be time for another post by you Cosby. Did notice you’ve been the one to start every negative article about 777. Are there any positive articles? Shit seems to follow them wherever they go. |
|
|
|
Post by milehigh on Jan 4, 2024 14:31:50 GMT
Not found any, mainly because there is nothing positive to say about a company that leaves chaos, job losses and massive debt wherever they go.
Please read some of the articles linked in this thread.
|
|
|
|
Post by eillo23 on Jan 4, 2024 16:12:54 GMT
Nearly a month later….. Must be time for another post by you Cosby. Did notice you’ve been the one to start every negative article about 777. I just happen to follow Phillipe Auclair on x given his excellent record as a journalist. And then share on here. He’s noted how much money Stabdard Liege, one of 777s investments have lost recently and their debt grown Standard Liege lost the same amount of money the with the previous owner.. the year before 777 took ownership…. Interesting. You’d think 777 would know this before investing right?  And seriously… In football.. do many teams actually make profits? Apart from the biggest clubs in the world. And even a lot of those make losses. |
|
|
|
Post by milehigh on Jan 4, 2024 16:33:55 GMT
A question for the "777 spokesperson"
Please explain why almost all the companies related to &&& are late filing accounts, and have a history of failing to pay their liabilities. also why 777UK partners have had a winding up notice issued?
It does not give the impression of a well run company that meats it's commitments.
|
|
|
|
Post by eillo23 on Jan 4, 2024 17:29:41 GMT
A question for the "777 spokesperson" Please explain why almost all the companies related to &&& are late filing accounts, and have a history of failing to pay their liabilities. also why 777UK partners have had a winding up notice issued? It does not give the impression of a well run company that meats it's commitments. Far from a 777 spokesperson. Did you not have a response to my reply above? |
|
|
|
Post by cosbyrider on Jan 5, 2024 7:12:45 GMT
I just happen to follow Phillipe Auclair on x given his excellent record as a journalist. And then share on here. He’s noted how much money Stabdard Liege, one of 777s investments have lost recently and their debt grown Standard Liege lost the same amount of money the with the previous owner.. the year before 777 took ownership…. Interesting. You’d think 777 would know this before investing right? And seriously… In football.. do many teams actually make profits? Apart from the biggest clubs in the world. And even a lot of those make losses. I don’t think the defence that 777 are financially as chaotic as the previous owner really works. If anything shows a frightening lack of proper due diligence by a company whose goal as a capital investment. firm is to maximise value. Two of their owned football clubs have transfer bans because they haven’t paid transfer fees on time. Another is currently wrapped up in a legal case with the Italian authorities because how they’ve loaded debt on the club. Yeah football clubs don’t make a profit but they normally function without legal cases and transfer bans |
|
|
|
Post by birdorbyrd on Jan 5, 2024 10:32:50 GMT
Josimar story was right. League was days away from running out of money. They’ve since agreed a new funding arrangement - they’re just not telling anyone about it
|
|
|
|
Post by LTfan on Jan 5, 2024 11:34:13 GMT
Josimar story was right. League was days away from running out of money. They’ve since agreed a new funding arrangement - they’re just not telling anyone about it Sounds like if we're to trust you you're limited in what you can say... but are you suggesting 777 provided a new funding agreement or another investor/sponsor? I ask because we know know for a fact the league were at risk of administration about a year ago until the chairman wrote to 777 highlighting the risk and 777 ultimatley paid up. Is this the same, or something different? Also, whilst we all speculate lets not forget the facts - that being that recently AM Best (is the largest credit rating agency in the world) downgraded the financial strength rating of 777 from A- to B and its long-term issuer credit rating from “a-“ to “bb” as it highlighted a “material decline” in the company's risk-adjusted capital ratio because of exposure to investments in various 777 Partners-originated assets. My interpretation of that is that the situation isn't as bad as some like to claim on here, but it's certainly not great either. |
|
|
|
Post by foxtrot27 on Jan 5, 2024 12:23:07 GMT
I would be paying attention to the Department of Justice investigation led by Nicholas Roos, who is a top prosecutor and just convicted Sam Bankman Fried of FTX fame. A money laundering investigation is serious and if proven, is lights out for 777.
|
|
|
|
Post by milehigh on Jan 5, 2024 13:02:47 GMT
|
|
|
|
Post by cosbyrider on Jan 5, 2024 13:07:15 GMT
Josh Wander’s history on Companies House really gives confidence. Accounts overdue on London Lions, 777 Partners UK Ltd, Redstrike Partners. Unsurprising that the two companies which are on time happen to be companies well established before his appointment as a director |
|
|
|
Post by milehigh on Jan 5, 2024 13:12:08 GMT
It probably explains why their attempted takeover at Everton has taken so long.
I'd find it hard to believe he or the company would pass the "fit and proper person" test, especially if their dealings in Belgium and Italy were looked at.
|
|
|
|
Post by birdorbyrd on Jan 5, 2024 14:44:44 GMT
Josimar story was right. League was days away from running out of money. They’ve since agreed a new funding arrangement - they’re just not telling anyone about it Sounds like if we're to trust you you're limited in what you can say... but are you suggesting 777 provided a new funding agreement or another investor/sponsor? I ask because we know know for a fact the league were at risk of administration about a year ago until the chairman wrote to 777 highlighting the risk and 777 ultimatley paid up. Is this the same, or something different? Also, whilst we all speculate lets not forget the facts - that being that recently AM Best (is the largest credit rating agency in the world) downgraded the financial strength rating of 777 from A- to B and its long-term issuer credit rating from “a-“ to “bb” as it highlighted a “material decline” in the company's risk-adjusted capital ratio because of exposure to investments in various 777 Partners-originated assets. My interpretation of that is that the situation isn't as bad as some like to claim on here, but it's certainly not great either. The new agreement didn’t involve a new investor but there was plenty of opposition to it |
|
|
|
Post by notoriousbigz on Jan 5, 2024 15:25:02 GMT
Genoa (777 owned) are currently at risk of penalties owing to failing to pay taxes on time.
You'd be a moron to ignore all the signs.
|
|
|
|
Post by milehigh on Jan 7, 2024 12:19:29 GMT
|
|
|
|
Post by eillo23 on Jan 7, 2024 15:34:58 GMT
Seems like the article was removed… interesting. |
|
|
|
Post by milehigh on Jan 7, 2024 17:40:43 GMT
It opems fine for me!
|
|
|
|
Post by eillo23 on Jan 7, 2024 18:33:06 GMT
It does now but didn’t previously. Didn’t link another one?
That article is pretty funny 😂 you agree to the offer and sign it, and then think maybe I shouldn’t have done that so try to change your mind 😂.
777 very clever what they have done with Everton. Everton need them to get approval or else they are stuffed. 777 already loaned them a significant sum with what I am sure is large interest rate.
Read an article stating 777 have access to nearly £10billion in funding.
|
|
