£140m twist could make Everton takeover even harder – 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 if 777 Partners’ proposed takeover of Everton is rejected, any new bid could be even harder to push through.
The finance expert admitted that the £140million pumped into the club by the American investment firm would need to be discussed with other potential new owners.
It was described as another block or hurdle to overcome should the Premier League decide to block 777 Partners from moving forward with their bid.
The Athletic reported on January 8 that an additional £40million was injected into the club, to be used on Bramley-Moore Dock and working capital.
All of this is currently being done on the backdrop of the 10-point deduction and second charge by the Premier League, with that relationship not exactly smooth.
“I think the reality of that is yes,” Plumley exclusively told Goodison News.
“If it’s not 777 who ends up being the owners of Everton Football Club and it’s somebody else, then you’ve got £140million worth of money there that 777 have put in that you’ve got to deal with, there’s got to be a negotiation to be done on that and how that plays out.
“I can’t see any other way, whereby if it’s not 777 and somebody else, that doesn’t put another block or hurdle to jump over as that money has been committed to the club, and it’s not them who then take ownership, another owner has got to sort that out as well.”
In other Everton news, Jim White has reacted live on air to what a Premier League club’s chief said about the latest Toffees controversy.
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