Finance Expert shares if 777 Partners investment will be blocked at Everton
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Everton
Dan Plumley has insisted that it is unlikely that the Premier League would block any potential new investment from 777 Partners at Everton.
The Daily Mail reported on 31 August that the government have fears over a potential agreement, and doubts have emerged whether 777 director, Josh Wander would pass ownership tests.
The finance expert admitted any deal would be under scrutiny, but given their other investments in clubs around Europe, it is unlikely that anything with Everton would be blocked.
“Even if it is a minority investment, above 10%, it needs to be looked at,” he exclusively told Goodison News.
“They are calling for any shareholder to be looked at, which is the right way moving forward.
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“It would still need to be under scrutiny and be looked at under the owners and directors test, the interesting thing here is that the government don’t have any control over that, they can advise the Premier League to look at it, but they cannot override the decision.
“So, the government can’t block it, that is something that they want to be able to do under the independent regulator if we ever get to that point, but let’s park that one for the minute.
“It’s an interesting one, it’s the Premier League’s decision and for me personally, I think if you’ve got 777 Partners who are invested in clubs in the European network, it’s unlikely the Premier League will block that.”
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