💰⚽️🤨 Everton Sale Wahala: Dem Dey Doubt Buyer Money Matter
⬇️ Pidgin ⬇️ ⬇️ Black American Slang ⬇️ English
Di way dem wan sell Everton Premier League football club to one Miami company don dey see gbege because di company, 777 Partners, no gree show their financial book to one British regulator wey suppose greenlight di sale.
Di British regulator, Financial Conduct Authority, bin hala 777 Partners dis month say dem need to see their financial book, na so people wey know well about di approval matter talk. If 777 Partners no show dem or give beta reason why dem no fit show, the way dem wan take over Everton – na deal wey big money dey inside and place for di ogbonge soccer league – fit scatter.
Di main wahala now na say dem no see di company financial records. This na big obstacle for 777 Partners if dem wan add Everton to other clubs wey dem get wey dey face money wahala.
If dem no fit seal di deal, e fit cause kasala for Everton finances. Di club dey owe, dem dey build new stadium, and every year dem dey lose about $100 million. Everton dey so broke say dem dey collect big money every month to run, even 777 Partners don give dem loan to keep things moving.
Meanwhile, Everton present owner, Farhad Moshiri, talk say no shaking, 777 Partners good to take over Everton. When dem first announce say dem wan buy Everton for September, 777 Partners talk say dem go don do everything by end of year. But with di way things dey go now, e fit no happen.
For the sale to happen, 777 Partners get to prove to Financial Conduct Authority, Premier League and England Football Association say dem fit manage the 145-years old club well. But people wey sabi di matter say di way wey 777 Partners dey show their financial matter no pure. Dem no show their latest financial records and na big concern because this company get plenty side businesses apart from football.
To approve the Everton sale no be just to show financial record. Dem dey ask 777 Partners, wey Josh Wander and Steve Pasko dey manage, to explain where the money to buy the club dey come from.
This kind thing happen last year for Belgium when dem dey check if dem go give license to another club wey 777 Partners own, Standard Liège. After plenty talk, dem come find middle ground. E look like say history wan repeat itself for this Everton matter.
While 777 Partners dey serious to buy Everton, some people dey doubt their own financial power. Since 2015 wey dem start, the company dey owe businesses, partners and even some workers. One person talk say dem even miss to pay salary two times.
777 Partners talk say dem don pay all the bonuses wey dem promise, but dem admit say dem fail to pay light bill for their office because dem no communicate well.
If 777 Partners fit explain their money matter to British regulators, dem go likely find out say na one company, A-Cap, dey sponsor most of 777’s football dealings. A-Cap dey loan money to 777 Partners sotey dem dey owe dem like $1 billion.
E dey so yawa say 777 Partners give A-Cap $9 million loan to buy beach house for rich area for Miami. Nobody gree talk about this kind arrangement.
All these yawa about 777 Partners money matter no affect their oga, Mr. Wander. Dem recently elect am to join board of European Club Association.
777 Partners wan raise like $250 million by end of year to support their Everton purchase. If no new owner show or more money no come, Everton fit enter big trouble.
NOW IN BLACK AMERICAN SLANG
Everton Sale Drama: They Trippin’ Over Buyer’s Cash Flow? 💰⚽️🤨
Aight, so here’s the lowdown: Everton, that Premier League squad, was ’bout to be sold to this Miami-based crew, 777 Partners. But hold up, there’s some static. My dudes at 777 ain’t showing their paper stacks to the UK big wigs, the Financial Conduct Authority, who gotta greenlight the whole thing.
Insiders spilling the tea say that without those green details or some legit talk, the takeover might just fizzle out. We talking big bucks and a prime spot in the soccer world that’s at stake.
Now, this paperwork mess? It’s the main drama slowing 777 Partners from locking down Everton, especially since they been copping other teams that ain’t balling right, financially speaking.
If this whole deal goes south, Everton could be in a tight spot, for real. They deep in debt, still tryna build their new home turf, and their pockets bleeding about $100 mill every year. Things so rough that they been leaning on 777 Partners to drop cash on them every month.
But check it, Farhad Moshiri, the top dog at Everton right now, ain’t sweating it. He believes 777 gonna come through solid. Back in September, 777 was talking big, saying they’d seal the deal by year’s end. But, I ain’t sure that’s happening now.
To make this thing official, 777 gotta make believers outta not just the Financial Conduct Authority, but the Premier League and England’s Football Association too. Word on the street? The money reports from 777 ain’t cutting it, especially given all the side hustles they got beyond just soccer.
Another thing they gotta break down? Where’s the cheddar for this buyout coming from. This ain’t the first time 777 been side-eyed like this. They had a similar situation over in Belgium with another squad they got, Standard Liège.
While 777 is dead set on copping Everton, there’s whispers and side talk ’bout if they even got their house in order. They been expanding mad fast since they popped up in 2015 and there’s talk ’bout them missing out on paying some folks.
777 talking loud, saying they been good on their bonuses. Though, they did fess up to slipping on an electric bill this year. Said it was a mix-up, though.
If the UK big wigs get a clearer look into 777’s pockets, word is most of their soccer moves been funded by this other crew, A-Cap. The digits? We talking ’bout a billion.
What’s wild is 777 once slid A-Cap a cool $9 mill for some beach crib in Miami. Both squads keeping quiet on that one, though.
Despite the talk and shade being thrown at 777 Partners, their main guy, Mr. Wander, just got himself a seat with the European Club Association big wigs.
777’s game plan? Pull together a cool $250 mill by year’s end to back their move on Everton. ‘Cause without new ownership or that fresh money flow, Everton could be hitting a wall, and that ain’t good.
NOW IN ENGLISH
Everton Sale Trouble: Doubts Over Buyer’s Finances 💰⚽️🤨
The proposed sale of Everton, a Premier League football club, to the Miami-based company, 777 Partners, has hit a snag. This is because 777 Partners hasn’t provided their financial records to the British regulator, the Financial Conduct Authority, who needs to approve the sale.
Sources familiar with the approval process have said that without these financial details or a satisfactory explanation, the takeover attempt of Everton – a deal with massive financial implications and a spot in the elite soccer league – might fall through.
The key issue is the absence of the company’s financial documents. This presents a significant hurdle for 777 Partners in their ambition to add Everton to their portfolio of other teams that are financially challenged.
If the deal doesn’t conclude, it could severely impact Everton’s financial state. The club is in debt, constructing a new stadium, and reporting a yearly loss of around $100 million. Everton is so financially stretched that they’ve been relying on substantial monthly cash inflows, including a recent sizable loan from 777 Partners.
However, Farhad Moshiri, the current owner of Everton, remains optimistic about 777 Partners. He believes they will take good care of Everton. When 777 Partners announced their intentions to acquire Everton in September, they had hoped to finalize everything by the year’s end. But now, that seems increasingly uncertain.
For the sale to materialize, 777 Partners needs to convince not just the Financial Conduct Authority but also the Premier League and England’s Football Association that they are capable and suitable stewards for the 145-year-old club. However, insiders suggest that the financial documents provided by 777 Partners are not up to the mark. They have failed to present their most recent financial statements, which is worrisome considering the firm’s diverse range of businesses beyond football.
Another crucial aspect of the Everton sale is the transparency about the source of the funds for the purchase. Questions have arisen similar to those faced by 777 Partners last year in Belgium regarding another club they own, Standard Liège.
While 777 Partners is keen on completing their acquisition of Everton, there are whispers questioning their financial health. The company, which has been expanding rapidly since its inception in 2015, has reportedly missed payments to businesses, partners, and even some of its employees.
777 Partners insists that they’ve paid all guaranteed bonuses. However, they admitted to an oversight this year when they forgot to pay the electricity bill for their office due to miscommunication.
If British regulators get a clearer financial picture from 777 Partners, they’ll likely find that a majority of 777’s football ventures have been funded by another company, A-Cap. The amount owed to A-Cap by 777 Partners is believed to be around $1 billion.
Interestingly, 777 Partners once gave A-Cap a $9 million loan to purchase a luxury beach property in Miami. No comments have been made about this transaction.
Despite the financial concerns surrounding 777 Partners, their leader, Mr. Wander, recently secured a seat on the board of the European Club Association.
777 Partners aims to raise approximately $250 million by the year’s end to support their Everton purchase. Without a new owner or an influx of capital, Everton’s future looks grim.
(Note: This article provides a detailed explanation of the story in English with the relevant emojis incorporated throughout.)
