Everton going bust would be embarrassing for the Premier League as trouble emerges
Everton going bust would be embarrassing for the Premier League and is the last thing they would want, as the possibility of a collapse was looked into by Bloomberg.
The sports business news outlet shared on 9 November that, with the Premier League’s TV rights package to sell, and the government’s approval of a new football regulator, the fall of such a big club would be embarrassing.
This has happened once before when Portsmouth entered bankruptcy in 2010, but never before has it happened to a club with the stature and history of Everton.
Would a collapse be on the cards?
To put it simply, yes. A lot of things would have to fall into place, or out of place as the case may be, but the situation the club have found themselves in is certainly a precarious one.
The ongoing talks over the purchase of Everton by 777 Partners have raised more than a few uncomfortable questions about the Premier League and their owners’ test.
The Bloomberg report has suggested that while people familiar with the situation have claimed there are interested parties, they are yet to track down any realistic suitors who could pick up the mantle if the 777 deal falls through for any reason.
This, as the report claims, would be a rapid downward spiral for Everton if their financial position does not improve, with the current owners unwilling to spend and the possibility of relegation remaining an option.
As Bloomberg shares, the longer this process drags on, the greater the risk is for Everton. The hope will be that everything runs smoothly, 777 are approved, and the financial situation is picked up, but questions still remain.
In other Everton news, a star player could make his return from injury against Crystal Palace.