Everton takeover tipped to collapse as new deadline emerges – Kieran Maguire
It will be “very surprising” if 777 Partners are able to complete an Everton takeover at the end of the month.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that Farhad Moshiri will be looking for a “get-out” clause from the takeover deal.
The bid from 777 Partners to purchase a majority stake in Everton is now into its eighth month with the Premier League still yet to approve the deal.
As per reports this week, the US group have been set a deadline of May 31 to complete a deal before Everton are able to pursue other options.
Football Insider was told by former Everton CEO Keith Wyness that MSP Sports Capital could now look to complete a deal for the club.
777 deal expected to collapse as new Everton deadline set
Maguire explained that 777 have “burned bridges” so it would now be a big surprise if they are able to complete a takeover deal.
“777 partners appear to have burned bridges with a lot of other stakeholders in the business,” Maguire told Football Insider’s Sean Fisher.
“So it would be very surprising if the deal to take over Everton proceeded at the end of May.
“I think Moshiri is probably looking for a get-out clause or get-out route that doesn’t cost him any money and is reliant upon 777 for the finances.
“There is no doubt other interested parties as far as the club is concerned, but 777 presumably have exclusivity contracts, which means that Moshiri has not been able to explore those eventualities to date.“
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