Other parties interested in buying Everton will be put off of a takeover if they have to repay £200million in loans to 777 Partners.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that 777 Partners will ‘throw their toys out the pram’ if their Everton takeover deal is rejected by the Premier League.
As reported by The Telegraph, the Premier League are set to announce their decision on 777’s takeover deal by the end of February.
They struck a £500million deal with Farhad Moshiri for a majority takeover in September but are still waiting for approval from the Premier League.
It is understood that other US groups have been keeping tabs on the takeover situation with an interest in completing a deal if 777 are rejected.
Takeover parties may pull plug on Everton interest because of 777 ‘disaster’
However, Maguire believes takeover parties may be put off by the threat of having to repay over £190million in loans to 777 Partners.
“It was very noticeable just how quick the Ratcliffe takeover at Manchester United was approved by the Premier League compared to the Everton deal,” Maguire told Football Insider’s Sean Fisher.
“Ratcliffe was able to evidence over £3billion worth of cash and liquid assets and everything quickly went ahead.
“Josh Wander and his cronies have failed to do that.
“The stories that are coming out about 777 Partners on a weekly, if not daily basis, never seem to paint the club or the organisation in a positive light.
“They’ve not had a positive impact on the clubs they have acquired to date.
“So the Premier League, to a certain extent, is in a damned if they do and damned if they don’t situation.
Everton
“I know that there are other parties interested in Everton as they are a very attractive proposition.
“But parties could be put off by the zombie loans owed to 777 knowing they could throw their toys out the pram and demand the money back if their takeover deal is not approved.“
