Everton have avoided takeover ‘disaster’ after deal collapse – Stefan Borson
Everton have avoided a potential “disaster” after the takeover deal with 777 Partners collapsed earlier this year.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider the Merseyside giants still got the “best of both worlds” from the 777 deal after its £200million loan helped the club get through last season.
The US investment firm was granted exclusivity in September 2023 in its bid to buy Everton, but it was unable to complete the deal after failing to receive Premier League approval.
In a new twist, 777 has now been ordered to wind up by the High Court amid a fraud case in New York.
Dan Friedkin and his investment group have recently agreed a deal with Everton owner Farhad Moshiri to purchase his 94.1 per cent stake at Goodison Park.
Everton got best of both worlds from 777 Partners deal
Borson believes the Premier League did a good job of handling 777’s takeover bid.
“Everton got the best of both worlds with 777,” Borson told Football Insider.
“It doesn’t feel like it, but the reality is they extracted the cash that kept them going throughout last season for a deal that the Premier League actually did a really good job on.
“They made sure that they didn’t approve it, but they didn’t turn it down and set parameters by which they could approve it, which I think they knew 777 could never make and could never fulfil.
“That ended up with the situation where they got the best of both worlds.
“They got the money that they needed to get through the season, but of course, the deal would have been a disaster.
“There is just no question now.”
In other news, Everton’s new owners make secret Sean Dyche sack plan.
For more Everton and exclusive news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.