777 Partners set for new negotiations in Everton takeover after £140m news – Finance Expert
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 777 Partners will need to negotiate with MSP Sports Capital over their Everton loan ahead of the proposed takeover of the club.
The Guardian has reported that MSP wants its £140million loan repaid if the takeover is complete, but 777 would prefer to keep it on board with talks needed.
The finance expert admitted that MSP are well within their rights to demand it instantly if they would like, but nine times out of ten, the two parties can come to an agreement.
“That will depend on the negotiations between the two parties,” he exclusively told Goodison News.
“Again, it goes back to repayments and the way you do business, nine times out of ten, the two parties will agree on that.
“If there are any structural or contractual obligations already behind that loan, they will be taken into account, if MSP want that back pretty quickly then they are quite within their rights to ask the question.
“It will become a negotiation, and this is why this has still got a long way to go as there are lots of things here that need to be drilled down and ironed out and this is one example.
“It might be a quick decision, it might be a straight forward decision, but it might not, especially when there is £140million on the table, so it will be a negotiating position as much as anything with this one.”
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