Everton takeover news as 777 Partners price could change already
The price of the 777 Partners takeover at Everton could change depending on how the club get on at the commission hearing in October, according to the Liverpool Echo.
The newspaper reported on its website on Monday (25 September) that the total amount that the US investment firm will pay to purchase the Blues could depend on whether a “severe punishment” is handed to the club if they are found guilty of breaching the Premier League’s profit and sustainability regulations.
The details on how much the 777 has agreed to buy the club for haven’t been announced yet, with the finances in a precarious position following the losses recorded over the past few years.
“The financial details of the deal have not been made public,” said the newspaper.
“It is understood that the ultimate price paid by 777 to acquire Everton could change depending on a number of contingent factors, including relegation or any severe punishment handed down to the club should they be found guilty of the Premier League charges at next month’s independent commission hearing.”
Another unknown
There are so many unknowns at Everton at this moment in time regarding the finances and the potential takeover by 777.
It will be a worry to all those associated with the club as they wait to hear what will come of the independent hearing, with the repercussions potentially being severe if they are found guilty.
It’s understandable that the finances involved in the potential takeover haven’t been revealed yet because there are still several factors that could have an impact on the deal.
The group isn’t going to want to invest as much money into buying the club if the worst were to happen and Premier League survival was on the line again.
Unfortunately, it’s just going to be a waiting game for the fans to learn more about the situation, while they hope matters continue to improve on the pitch.
In other Everton news, a Sky Sports pundit was impressed by one player after what he did against Brentford.