Everton takeover: How Man United chief Sir Jim Ratcliffe passed Premier League test so quickly
Alan Myers has shared why Sir Jim Ratcliffe passed the Premier League’s fit and proper test at Manchester United quicker than 777 Partners in their bid to complete a takeover at Everton.
Responding to a fan’s question on Twitter on Friday (23 February) about why the 777 deal is “dragging on” compared to the Red Devils purchase, the Sky Sports journalist insisted that the British billionaire’s deal did still take months to complete, but that it was only a minority investment.
The US investment firm is still waiting to hear back from the Premier League about whether or not its deal at Goodison Park will be ratified after agreeing a takeover with Farhad Moshiri.
Manchester United and Everton deals completely different
There isn’t really much to compare when it comes to Ratcliffe’s deal at Man United and 777 looking to complete a takeover at Everton.
While negotiations did go on for a significant amount of time at Old Trafford, there would have been very little concern within the Premier League about pushing that deal through as he was only looking to take a 25 per cent share.
The billionaire is also a highly-respected businessman in the UK and there would’ve been no issues raised about where his money is coming from and his intentions for the Red Devils.
That isn’t quite the case when it comes to 777, though, after there have been several negative reports published about the company over the past few months.
The fact it’s also a complete takeover means that the Premier League could be held accountable if it pushed through the deal quickly and something went wrong further down the line.
In other Everton news, Jamie Carragher has shared how many points the Toffees could get back following their appeal.
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