Critical 777 Partners talks needed with Farhad Moshiri after Everton news – 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 more “Critical” talks are needed between Farhad Moshiri and 777 Partners as Everton face potential compensation battles in the near future.
The Mirror reported on 18 November that 777 Partners are unlikely to agree to foot any compensation that may be forced upon the club up to £300million.
The finance expert admitted that you can see the argument both ways as to who should pay, if needed, with more chaos predicted until the takeover is finally done.
“It has to be,” he exclusively told Goodison News.
“You can see the arguments both ways, if you’re 777 and this occurred at a time that has nothing to do with you, one argument is, that we’re not paying that bill as it’s nothing to do with us.
“The other argument is if you’re going to come in and take this club over and bail it out in many respects linked to the quite difficult financial position they’ve been in over the years then you should be able to take that on and be aware of that, and it’s that kind of negotiation at ownership level which is very important.
“We don’t know where the compensation is going to fall, we don’t the verdict yet so we are guessing slightly, but if it is there and it is a real threat then the negotiations between the outgoing owner and the incoming owner will become critical to that, and that can have implications as well.
“I think, in a bigger picture of the club, we’re back to the takeover which we seem to have been talking about forever now, but it is still a real sticking point and there will still be sticking points until we get to the endpoint with this, whether this is an Everton appeal and a reduced sanction, or what happens with the compensation fee.
“Those next moves will dictate a lot of what happens next, but it could be quite chaotic still.”
In other Everton news, Bramley Moore Dock concerns could lead to added costs for the Toffees