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Alan Myers shares 777 Partners update after Everton handed points deduction
Alan Myers has claimed that, without the support of 777 Partners, things could be a lot worse for Everton after they were handed a 10-point deduction.
The Sky Sports journalist took to Twitter in reply to a fan asking whether the takeover is still on after the punishment was given, to which he assured the prospective owners are supporting the club.
After the points deduction was confirmed, many fans had feared for the future of the potential takeover, but as things stand it looks to have little effect on 777’s desire.
Administration threat looms
The threat of 777 Partners potentially walking away from the takeover deal would leave Everton in very real danger of going into administration, particularly if Leeds, Leicester and Burnely are successful in their reported £300million legal claim.
The presence of the prospective owners, and the success of their attempted takeover bid, is crucial to the future of the club and its finances, and any further blow to that could result in disastrous consequences for Everton.
The Mirror [19 November], however, claims 777 are unlikely to foot the potential extra £300million bill, which would be added to the club’s debts and the £500million takeover price that they have agreed to pay to current owner Farhad Moshiri.
Without the potential income from the group, as well as the money already given to the club in the form of loans pending the takeover, Everton would be facing a perilous financial situation, but the support from 777, as Myers shares, is helping to keep the issues at arm’s length for now.
In other Everton news, Peter Reid has claimed jobs could be lost as a result of the decision.