By James Murray

17th Sep, 2023 | 7:10pm

Everton: Kieran Maguire shares 777 admission as MSP investment rejected by mystery offshore lender

The deal for 777 Partners to take over at Everton came after MSP Sports Capital was rejected by an offshore lender, according to Kieran Maguire.

The football finance expert tweeted on Saturday (16 September) that US firm MSP’s proposed equity investment was blocked by Rights and Media Funding Ltd.

He said the overseas lender, which the Toffees have borrowed money from, has no employees, unaudited accounts, has made £300million of loans and also borrowed £300million from companies in the Bahamas and Cyprus.

“The 777 deal for Everton came about as the MSP equity investment was rejected by Rights and Media Funding Ltd, who had lent to EFC and is a company which has no employees, unaudited accounts, has made £300m of loans and also borrowed £300m from companies in the Bahamas and Cyprus,” said Maguire.

Doesn’t sit right

There are quite a few things surrounding Everton’s recent financial agreements and the proposed takeover that doesn’t sit quite right, with this insight from Maguire adding to the growing list.

The dealings with Rights and Media Funding Ltd sound very suspect, given that the company has no employees and has taken out huge loans itself.

Then there is all the talk around the potential new owners 777 Partners, with a number of questions being asked about the US investment firm’s finances and the previous drug charges handed out to co-owner Josh Wander.

It just feels as though any deal with the parties involved may not lead to the bright future that the Blues fans are hoping for after a few incredibly difficult years under Farhad Moshiri.

The club are in a financial mess and matters on the pitch haven’t been much better in recent times, but it’s hard to see things improving any time soon until clarity is provided by 777 on its plans.

In other Everton news, a pundit has raved about one player following his recent performances.