MSP loan will need to be raised in 777 takeover talks 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 the MSP Sports Capital loan for Bramley-Moore Dock will need to be raised in talks as 777 Partners push for their takeover of Everton.
The Times reported on 18 September that any takeover would trigger repayments of £140million to MSP Sports Capital and Andy Bell regarding Bramley-Moore Dock stadium.
Plumley admitted that the loans will definitely need to be included in any negotiations, in what promises to be a long protracted takeover over many weeks and months.
“It needs to be raised,” he exclusively told Goodison News.
“The same way we’re talking about MSP, we’ve got Rights and Media as well, there have been reports that those loans will need to be paid back, they were talking about £140million linked to the stadium that 777 are going to have to effectively pay back.
“Again, all of this doing the rounds in the background, we’ve not seen the contractual obligations that sit behind it, but it stands to reason if that report is correct that if MSP are now not involved at all but have given the club £100million linked to the stadium, there is going to have to be a deal done over what happens to that.
“It absolutely needs to be brought into consideration, it will need negotiating and ironing out and that’s where I think it’s going to be a long protracted takeover still, despite an agreement being reached and I think that is what will happen over the weeks and months.”
In other Everton news, new Bramley Moore Dock concerns could lead to added costs for the Toffees