Manchester United verdict emerges in Everton takeover update – 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 Everton takeover checks taking so long are a “case of complexity” as the Premier League continue to look at 777 Partners.
It comes after it was shared that the same officials checking the 777 takeover, also looked over the INEOS investment at Manchester United, which has now been completed.
The finance expert admitted that with over 60 companies making up the 777 Partners group, it is not straightforward to find where the funding is coming from for the takeover.
“I think it’s a case of complexity,” he exclusively told Goodison News.
“Given the situation at Everton with the finances and the time the takeover has dragged and the number of issues that have been related to that, and also if you look at the complexity of 777, there are over 60 companies that make up that group, it’s not as straight forward a task to get a handle on where the funding is coming from.
“Whereas, the INEOS one, it’s not easy don’t get me wrong, but probably there is a clearer path that you can see with where the funds are coming from and there is obviously one person at the helm of that and it’s the complexity of 777 that is causing a lot of this.
“If you’ve got over 60 companies that you’re trying to look at, if you’re the Premier League to try and work out what is going on as well, that can take an awful lot of time.
“They are not just looking at Everton, they have got 19 other clubs to look after as well, so I think it’s the complexity issue of 777 and the way they are set up that is probably causing a lot of the delay in Everton’s case, plus the points deduction and appeal with everything else.”
In other Everton news, a brand new points deduction is apparently on the cards.