Everton handed major short-term boost after new cash injection – Wyness
Everton’s former chief Keith Wyness has insisted the club is safe in the “short term” even if Farhad Moshiri doesn’t provide funding.
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 – claimed the first wave of TV money is arriving on Merseyside and will secure the club’s future for now.
Moshiri has extended the deadline for 777 Partners to agree their takeover until 31 May, but has confirmed the club are now exploring “alternative scenarios”.
The US-based group agreed a buyout in September 2023 but major questions over their financing have meant the Premier League are yet to approve the deal.
It has been reported that Everton currently have debts of £583million as concerns grow over the club’s future.
Everton safe in the ‘short term’ despite 777 takeover problems, says Wyness
Nevertheless, Wyness insisted a takeover is still “doable” for any interested party.
He told Football Insider‘s Insider Track podcast: “It’s difficult to say whether Moshiri will continue to cover the daily costs at Everton.
“He didn’t give his letter of comfort in the most recent accounts. Normally an owner would give that, but it’s nothing too drastic.
“But the TV money is starting to flow so, in the short term, Everton will be looked after.
“I do think it would help if there was another equity partner coming in to replace 777 or MSP, or even both.
“The Premier League will want to see the money on the table to finish the stadium and also to fund Everton for another season.
“The figures I’m looking at seem doable.”
In other news, Everton left reeling by £12million blow.
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