Everton takeover: Two US-based groups hijack Everton takeover-set to complete the deal “very quickly”

Former Everton manager Keith Wyness has stated that two US-based entities are interested in purchasing

the club and that a deal could be completed “very quickly”.

Speaking on the latest episode of Football Insider’s Inside Track podcast, the 66-year-old,

who was CEO at Goodison Park from 2004 to 2009 and now runs a football consultancy advising elite clubs,

insisted that the lengthy 777 Partners takeover process will “hamper” the club in the transfer market.

777 agreed to a £500 million buyout with chairman Farhad Moshiri in September,

but Premier League approval has been delayed due to financing problems.

According to investigative site Josimar (23 March),

the Miami-based group must convert more than £300 million in loans into equity and give proof of stadium funding,

as well as funds for this season’s operating expenditures, before the deal can be finalized.

777 Partners has already provided Everton with various loans for running expenditures,

and a new arrangement will increase the total sum owing to more than £200 million.

Two more firms might seal a’very rapid’ Everton takeover if the 777 deal fails.

However, Wyness suggested that an outside entity with “strong financial credentials” might close a deal “very quickly”.

He told Football Insider’s Insider Track podcast, “This is the ideal time to finalize a takeover.

“You want to be in place and approved before the transfer window opens.

“That’s usually what you strive to do. At Villa, the new owners were accepted with only four weeks left in the window,

which can be inconvenient.

Now is a critical time.

“If they are credible and have strong financial credentials, the process could be very quick.”

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