Kieran Maguire shares crushing new Everton reveal as takeover on the brink of collapse
Everton will struggle to cover their monthly wage bill if their 777 Partners takeover is rejected by the Premier League.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that the Toffees will be under huge pressure to find new owners if the takeover deal collapses.
777 Partners agreed a £500million takeover deal with club chairman Farhad Moshiri in September, but they are yet to receive approval from the Premier League.
The US group have supplied £200million in loans to the Merseyside club in the meantime to help cover costs.
However, Football Insider revealed that 777 Partners intend to immediately recall their loans if their Everton takeover is rejected.
Everton ‘under pressure’ to find new owners if 777 deal collapses
Maguire believes Everton would struggle to cover wages and stadium payments until a new ownership group is found.
“Everton will be under pressure to find new owners if 777 Partners are rejected,” Maguire told Football Insider’s Sean Fisher.
“On an operational level, Everton have got to go and find the monthly wage bill at a time of year when there’s not a lot of money coming into the club.
“There is also the ongoing issue of payments going to Laing O’Rourke who are the contractors for the stadium.
“There have been issues with those payments over the course of the last 12 to 18 months.
“It is difficult to see how those payments would be made unless Farhad Moshiri all of a sudden rediscovers that he does have money down the back of the sofa.
“But he seems to have forgotten about funding Everton for a long period of time.“
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