Everton takeover could collapse after ‘huge’ twist – Kieran Maguire
There are still major concerns about 777 Partners and their Everton takeover deal despite the group committing over £200million to the club.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that he is still unconvinced about 777’s source of funding and whether they can afford to maintain Everton’s stadium construction.
As revealed by Football Insider, 777 Partners reaffirmed their interest in completing an Everton takeover deal by providing the Merseyside club with another loan deal this week.
The US-based group have now loaned over £200million to Everton to assist with wages, operating costs and stadium construction fees.
However, they are yet to have their £500million takeover deal approved by the Premier League due to concerns over their funding.
777 Partners takeover still at risk despite £200m+ Everton loans
Maguire explained that 777 have shown commitment to the takeover but insists there are still “question marks” about their ability to fund the club.
“777 partners taking their lending to in excess of £200million does seem like a significant commitment,” Maguire told Football Insider’s Sean Fisher.
“At the same time, there are still huge question marks over how they’re sourcing the money and how much that money is costing them to borrow.
“There are also concerns whether they’ve still got sufficient resources to complete the development of Bramley Moore Dock while also dealing with the day-to-day costs of running Everton, which is losing money at present.
“So it’s one step forward, but there are an equal numbers of steps back.“
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