Everton: ‘Desperate’ update emerges after 777 Partners takeover news
Dan Plumley has insisted that Everton are in a “desperate” situation financially right now after the latest update on a potential takeover by 777 Partners.
It comes after it was shared that a decision by the Premier League could finally come this week, with the financial future of the club in jeopardy if it is rejected.
The football finance expert admitted that the threat of relegation only makes things worse with the potential to lose another £60million from the revenue line instantly if that happens.
“I think we’ve seen the narrative,” he exclusively told Goodison News.
“You can see the numbers, we know Moshiri’s position, we know how much of a financial hole he is in personally within the set-up of the club and all the other things around the stadium and the takeover.
“If you are then relegated from the Premier League to the Championship, you can then wipe off at least £60million on the revenue line overnight and you’ve got the balance of the cost side of the organisation that comes into play, so, it is quite a desperate financial situation at Everton.”
Premier League to grant Everton takeover?
With another points deduction said to be inevitable in the coming weeks, the takeover going through would be a huge piece of potentially good news that everyone has been desperate for.
Administration is the dreaded word that has already been suggested, but thankfully, it has been all but ruled out as a possibility, despite things looking bleak.
In other Everton news, there is pressure mounting as the Toffees’ financial future is in doubt amid a fresh takeover twist.
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