Everton takeover: 777 deal is a ‘smokescreen’ – Kieran Maguire
Everton fans have been told that reports of 777 Partners looking to sell Standard Liege to fund their takeover is a “smokescreen”.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that the sale of Standard Liege would not “make a dent” in the debt at Goodison Park.
According to reports from Belgium, 777 Partners are open to selling Standard Liege in order to raise funds for their Everton takeover.
The US group are still waiting for approval from the Premier League to complete a £500million takeover of Everton.
As revealed by Football Insider, 777 Partners had until April 30 to meet all conditions for their takeover deal.
777 Partners club sale would ‘not make a dent’ in Everton debt
Maguire believes that reports of Standard Liege being sold are a “smokescreen” as funds raised by the sale would not be significant enough to help the takeover deal.
“The potential sale of Standard Liege by 777 Partners looks like a smokescreen,” Maguire told Football Insider’s Sean Fisher.
“Belgian football, whilst exciting, is not lucrative.
“It is difficult to see how they would raise very much money from the sale of the club.
“You have to find a willing buyer and if bidders know that it is a forced sale then that will be reflected in the price people are willing to pay.
“All of this put together means that it is unlikely to make a dent in the growing debts owed and the costs for Bramley Moore Dock.“
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