Everton future to be decided by April 15 in brand new MSP update at Goodison Park
Everton will see their future decided by April 15 as they await 777 Partners to complete its takeover, according to Josimar.
Paul Brown and Philippe Auclair reported that one of the conditions set by the Premier League for that to happen was the repayment of £158million to MSP Sports Capital.
That still hasn’t happened and MSP have a clause in their agreement to seize a 51 per cent stake in the club if that doesn’t happen before mid-April.
Everton remains in limbo with further financial charges looming
Should 777 Partners be unable to repay the stadium company loan to MSP before 15 April, they will effectively be out of the running to purchase the club.
After Josimar also reported that 777 were struggling to fund a $1million [£792,000] payment to a lender “as recently as January”, the writing on the wall isn’t pretty for Everton’s potential new owners.
With the Toffees set to learn their fate in the coming days for financial fair play breaches in the 2022-23 accounts, the takeover from 777 Partners – successful or not – will likely take place in the backdrop of another Premier League points deduction.
Everton have already lost six points in 2023-24, reduced from the initial penalty of 10, and as the club sits a precarious four points above the relegation zone, instantly losing that buffer on top of a collapsed takeover would be another bitter blow for the Goodison Park faithful.
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