777 Partners aim to make Everton ‘sustainable’ if takeover completed
Andres Blazquez has said that 777 Partners want to make Everton sustainable, should their takeover of the Toffees be approved by the Premier League.
The American investment company agreed to a deal to acquire Farhad Moshiri’s 94.1 per cent stake in the Goodison Park side, but the potential takeover has faced opposition from other clubs in England’s top tier due to concerns over the firm’s current reputation [Daily Mail, 20 September].
But Blazquez, who is CEO of Genoa FC and operating partner of 777 Partners has insisted that their desire to make the Toffees sustainable and believes that there are plenty of comparisons between the Italian side and Everton’s current situation.
Speaking to Sky Sports (16 October) he said: “They [Everton] have an owner that they are not happy with, even though he invested money and here the owner did not invest any money and he was not well-liked. You have someone new coming and you wonder what they want to do and you have mixed stories about what’s going on.
“We are really performing, what we say we do, we do. We have difficulties sometimes because we find we tend to be independent of each club and how each club basically solves its own problems with the help of the holding and the help of us financially and operational and it takes time because our goal is for the clubs to be sustainable.”
Independent
Blazquez’s interview probably is Everton fan’s first look behind the curtain at how 777 Partners run their clubs and may well have served as a bit of explanation as to why the Toffees shouldn’t be too worried about some of the struggles of the companies’ other teams around the world.
The way the ownership model seems to work is that each club is funded and run by the broader company, but rather than being a single club in a multi-club project, each team is run as its own separate entity complexly away from the others.
It shouldn’t come as a surprise that the prospective new owners’ ultimate goal is to make the Toffees sustainable, but given some of the other horror stories that have been written about 777 since the initial takeover was speculated, it cannot be undervalued.
Only time will tell whether or not what Blazquez has said is true or just an attempt to sell the dream that 777 aren’t as bad as they’ve been made out to be. It will be interesting to see how this deal advanced over the coming weeks and months as there is no guarantee the takeover will even be approved.
In other Everton news, 777 could be made to mistake a Moshiri-esque mistake if they pay one star a rumoured £120k a week contract