Kieran Maguire: 777 Partners are using ‘toxic’ move to block Everton takeover hijack

777 Partners have intentionally loaded Everton with ‘toxic debt’ to prevent other groups from hijacking their takeover deal.

That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that the Miami-based group are using loans as a “poison pill” to deter other takeover groups.

777 Partners are still waiting to hear from the Premier League whether or not their £500million Everton takeover will be approved or rejected.

Since striking the agreement with club chairman Farhad Moshiri in September, they have provided close to £200million in loans to Everton to assist with operating costs.

777 Partners ‘poison’ Everton to prevent takeover hijack – Kieran Maguire
Maguire believes the Everton takeover process is now in the “end game” with the Premier League set to make a final decision on the deal shortly.

“I think the takeover is now in the final stages,” Maguire told Football Insider’s Sean Fisher.

“Both the Financial Conduct Authority and the FA have reviewed the submissions by 777 and have approved those.

“But their scrutiny is at a lower level than that of the Premier League who ultimately have the responsibility to be a guardian to its member clubs.

“So we are reaching the end game.

“It looks as if part of 777’s strategy has been to load Everton with potentially toxic debt as a poison pill to prevent other people from getting involved.“