More bad PR emerges for 777 Partners ahead of Everton takeover – 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 Vasco De Gama being hit by delayed payments from 777 Partners is just another bad PR story ahead of the prospective Everton takeover.
It comes after Tariq Panja of the New York Times reported that a £20million payment that was needed was late and when it did initially arrive, it was less than required, with the delay being blamed on a bank holiday.
The finance expert admitted that it may have been a simple error, but suggested it wasn’t at all with financial questions rightly raised after this was reported.
“You are back to that narrative of a positive news story at Everton being replaced by another negative one,” he exclusively told Goodison News.
“Again, that goes back to the nature of the new owners potentially coming in and how they operate in the market.
“They are very much an ownership consortium that has followed this kind of multi-club approach and then people will obviously be looking at some of the other clubs in the portfolio when trying to focus on Everton.
“If you see something like this, it’s again going to be a pretty bad PR story that you need to look at and again, raises financial questions about the overall funding of the group.
“It could be something that was potentially an error, but it doesn’t look like an error as such when you’re talking about a huge amount of payments.
“It’s something that 777 will have to be aware of, but it looks at that wider balance of risk and reward around multi-club ownership in European football and beyond.”
In other Everton news, new Bramley Moore Dock concerns could lead to added costs for the Toffees