Everton at risk of administration – but it could accelerate takeover deal, says Kieran Maguire
Everton could accelerate a takeover deal with other bidders if they enter administration but it would also result in another points deduction.
The finance guru explained that prospective bidders might prefer Everton to enter administration so they don’t have to cover the club’s debt.
The Toffees are still waiting to hear from the Premier League whether the takeover deal with 777 Partners has been accepted or rejected.
The US group have provided nearly £200million in loans to the club during the takeover process, which would be recalled if their takeover is rejected.
Other US parties have been linked with a takeover deal if 777 Partners are rejected, but the club’s debts could be a stumbling block in negotiations.
Administration could help Everton takeover deal – Kieran Maguire
Maguire believes bidders may actually want Everton to enter administration to reduce takeover costs.
“If 777 partners do not acquire Everton, it’s difficult to see many other prospective bidders,” Maguire told Football Insider’s Inside Track podcast.
“The view that some owners or bidders might take is that they would rather the club goes into administration.
“In which case, they would buy just the assets of a football club from the administrator.
“They could therefore pay for the completion of the stadium for themselves and walk into a club which has no overhanging debts.
“The downside of that is that it would come with another points deduction and then we enter the realms of four dimensional chess.
“Could they delay that over the summer so that a deduction doesn’t impact upon the 2023-24 season?
“But that would likely to provoke fury from any clubs that are relegated – but any lawsuits would then be directed towards the old Everton rather than the new one.“
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