Everton may lose out on 777 Partners investment as Newcastle interest emerges
Everton could be on the cusp of losing out on potential new investment as Newcastle surely appear to be the more viable option.
TuttoMercatoWeb reported in April 2023, that 777 Partners have gone over what MSP Capital have offered to invest in a stake at the Toffees.
However, this certainly does not guarantee that they will be aiding the plight of the Goodison Park outfit, given where Newcastle currently are.
Bloomberg claimed in March that the American consortium were already in talks with Newcastle and Amanda Staveley over potential investment into the club.
Given the fact that the Magpies are in the top four and appear nailed on to finish in the Champions League places, it offers a better return on investment.
They’re also going to be backing Eddie Howe in the summer as they look to consolidate their spot as a European regular.
Everton, on the other hand, are relegation candidates and are likely to be in the same situation next season unless they heavily improve the squad.
However, given their FFP issues, this seems highly unlikely and for Americans to diversify their portfolio, they will want to make the right financial decisions.
777 are aiming to turn a profit by the 2023/24 season on revenue of €350 million (£310 million) and Everton’s recent accounts show that’s unlikely to help them reach that target.
Since February, they’ve been considering investing in the Toffees, but have still gone to have talks with Newcastle so it doesn’t look good for the Goodison Park outfit.