Kieran Maguire: Everton “disaster” of £200 million could halt US takeover

If Everton has to return £200 million in loans to 777 Partners, other parties

who are interested in purchasing the team will be discouraged from making an offer.

According to financial analyst Kieran Maguire, who spoke with

Football Insider exclusively, 777 Partners will “throw their toys out the pram”

if the Premier League rejects their Everton takeover offer.

The Premier League is expected to make an announcement

by the end of February regarding their decision over 777’s purchase deal, according to The Telegraph.

They signed a £500 million agreement with Farhad Moshiri in September

to acquire a majority stake, but they haven’t received Premier League approval yet.

Football Insider disclosed on Friday, February 16th, that 777 intends to

promptly return their loans totaling over £190 million to

Everton in the event that their takeover is turned down, so leaving the team saddled with an enormous debt load.

It is known that other US organizations have been monitoring the

takeover scenario in anticipation of closing a transaction in the event that 777 are turned down.

But according to Maguire, the prospect of having to pay back debts totaling more

than £190 million to 777 Partners would deter takeover parties.

“The pace at which the Premier League approved the Ratcliffe takeover at

Manchester United was significantly faster than it was for the Everton deal,”

Maguire told Sean Fisher of Football Insider.

“After presenting evidence of more than £3 billion in cash and liquid assets,

everything moved forward very fast,” said Ratcliffe.

Josh Wander and his supporters haven’t succeeded in doing that.

“The news that emerges about 777 Partners on a weekly, if not daily,

basis never seems to present a positive picture of the club or the organization.

“They haven’t made a good impression on the clubs they have so far acquired.

In that sense, the Premier League is somewhat in a “damned if they do,

damned if they don’t” scenario.
Everton is a really appealing possibility,

therefore I am aware that there are other parties interested in them.

“However, the zombie loans owed to 777 may deter parties because

they know they can demand their money back in the event that their takeover deal is rejected.”

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