Everton make emergency call to avoid nine-point deduction – Kieran Maguire
Everton have called in insolvency advisers this week to try and restructure their debt and avoid a nine-point penalty from entering administration.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that Everton could face a “serious issue” if the advisers conclude that there is no solution to the club’s current situation.
As reported by The Guardian, Everton called in a leading firm of restructuring and insolvency advisers.
It raised more concerns about the club’s ongoing takeover deal with 777 Partners after the US-based group reportedly missed scheduled payments to the club.
As revealed by Football Insider, Everton could face a nine-point deduction this season if they were forced into administration.
Maguire explained that there is uncertainty over when a points deduction would be given if the Merseyside club enter administration this season.
Everton call in experts to help avoid administration fears
“Teams will often call in a restructuring company to identify solutions from a professional perspective which the club hadn’t thought about,” Maguire told Football Insider’s Sean Fisher.
“The senior management at Goodison Park over the past few years haven’t exactly covered themselves with glory.
“If these restructuring advisors conclude that there isn’t a solution, then Everton have a serious issue.
“It is a complex situation and looking at the Premier League handbook, it is a nine point penalty if they go into administration.
“However, it is unclear as to when that penalty is applied.“
In other news, Everton takeover rescue deal has ‘strings attached’ – Kieran Maguire
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