777 Partners can save Everton takeover money with £80m deal – 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 could save money on what they pay for their takeover of Everton by bringing Andy Bell and George Downing on board.
Alan Nixon has reported that 777 want the Everton supporters to join their bid to save paying back £80million worth of loans that they have pumped into the club.
The finance expert admitted that it now becomes a negotiation between the parties, with 777 needing to consider the bigger picture of Everton and their finances.
“It stands to reason, doesn’t it,” he exclusively told Goodison News.
“If you’ve got some people there along the way who have put up a considerable amount of money, in this case, around £80million, if you can do a deal and get them on board in a variety of ways or just to smooth that over, that is potentially money that you don’t have to pay back as part of the takeover.
“You can see the play, and again, it will be interesting to see what happens with that, because obviously, that becomes a negotiation between the parties.
“It’s something that 777 will have to consider now across the bigger picture of Everton and its finances, but you can certainly see why they would want to do that to save a little bit of that money you potentially have to pay back if it doesn’t fall your way.”
In other Everton news, new Bramley Moore Dock concerns could lead to added costs for the Toffees