Everton creditor sells £28m in shares amid interest in takeover post 777 Partners collapse
Andy Bell, an Everton creditor and lifelong fan of the club, has sold £28million worth of shares of a company he founded, according to the Business Desk.
The news outlet reported on 24 May that Bell, who is keen on joining arms to complete the Toffees takeover, sold 7,500,000 ordinary shares in AJ Bell PLC.
It’s understood that he is also willing to waive off the loan he’s given the Merseyside outfit as the 777 Partners takeover is on the brink of collapsing. [Daily Mail]
Andy Bell may now join consortium to complete the Everton takeover
The sale of £28million worth of shares by Bell could be a significant step towards his involvement in a potential consortium aiming to take over the club.
This amount, although relatively small for a Premier League takeover, could be a strategic move by Bell to gather funds and join forces with other Evertonians or well-minded individuals interested in purchasing the club.
Given the current financial challenges and uncertainty surrounding Everton’s future, his decision to sell shares and possibly contribute to a consortium takeover could be seen as a proactive measure to ensure the club’s stability and long-term success.
As a lifelong fan, Bell’s involvement could bring a sense of local ownership and passion to the club, potentially influencing decisions that prioritise the club’s well-being and its connection to the community.
In the context of the ongoing 777 Partners takeover saga, which seems to be on the brink of collapse, his actions could pave the way for a more sustainable and community-focused future for the Toffees.
By waiving off the loan he has given to the club, Bell could contribute to the financial restructuring required to facilitate a new ownership model that aligns with the club’s values and long-term objectives.
In other Everton news, a European club is open to selling their centre-back for £21million as Jarrad Branthwaite’s transfer development has emerged.
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