Everton could go into administration and land another ‘big points deduction’ – Wyness
Everton’s former chief Keith Wyness has suggested his old side could go into administration if 777 Partners cannot complete their takeover soon.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – insisted he still hopes a “stronger buyer” will come forward and purchase the Toffees.
US-based group 777 Partners agreed a takeover deal with Farhad Moshiri in September 2023 but are yet to receive approval from the Premier League.
And in a new twist, Football Insider revealed on Wednesday (17 April) that Everton came within hours of being majority-owned by MSP Sports Capital this week – before 777 agreed an extension on a £158million loan.
Clubs can choose to enter administration if they are unable to pay off their outstanding debts – but will receive a nine-point deduction for doing so.
Wyness drops Everton ‘administration’ claim as ‘worst case scenario’ revealed
The Toffees reportedly owe more than £550million to third-party creditors, and it is believed the Premier League want that debt cleared if 777’s takeover is to be approved.
Wyness told Football Insider‘s Insider Track podcast: “Administration is by far the worst-case scenario here if this deal doesn’t go through soon.
“It would mean another big points deduction and create real uncertainty about revenue streams, sponsorships and all sorts of things.
“I’m still hoping Everton can find a quicker solution from a stronger potential buyer.
“Before the end of the season, we’ve got to try and get a clear path forward in place with a strong ownership group.”
In other news, Everton midfielder ready to quit.
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