Everton takeover on brink of collapse as 777 Partners face financial crisis
777 Partners prospective takeover of Everton is in danger of collapsing amid doubts over how they will finance the deal, according to talkSPORT.
Farhad Moshiri agreed a deal with 777 Partners worth around £550m to sell his stake in the club last month, but there have been question marks about how they can afford it with financial issues emerging at their other clubs.
And now the deal to see them come in at Goodison Park is in danger of falling through, leaving the Toffees in a nightmare scenario.
“Everton’s £550m takeover is in danger of falling through over doubts about how prospective new owners 777 Partners are financing the deal,” they wrote.
Nightmare
Oh dear. Just like everyone expected could become an issue, it’s now coming to fruition.
Everton fans have already been aware of the fact that 777 Partners are far from having the money readily available to just pay up and get a deal done, and there have been big question marks about how they run their other clubs too.
Now the fears are coming to reality and if the Premier League are going to do their job properly then the chances of them passing the ownership tests to get this takeover over the line seem slim.
They don’t have the money and while everyone wants to get Moshiri out of the club and as far away as possible from the team, seeing 777 Partners come in would just be jumping out of the frying pan and straight into the fire.
We’re already facing big problems on the pitch and off the pitch, and this is just adding to it. The club is in disarray and we desperately need help now.
In other Everton news, club on verge of Vinagre 2.0 with forgotten first-teamer mooted for January exit.