Investment bank hired to review 777 Partners as Everton takeover crumbles
Moelis & Co. has been hired to review prospective Everton owners 777 Partners’ portfolio of football teams, according to Bloomberg.
The American news outlet reported online (23 May) that Advantage Capital Holdings LLC, a major lender to 777, has appointed the investment bank.
A range of options, including multiple asset sales, are being considered by Moelis regarding 777’s football holdings.
The decision by A-Cap to hire Moelis could cast doubt over 777’s takeover at Goodison Park as well as their overall stats as a leading multi-club owner in football.
More red flags appear as 777 Partners’ takeover of Everton continues to crumble
It appears as if 777 Partners are trying to see how many red flags they can wave before their prospective takeover at Goodison Park is thrown out.
At this point, it seems virtually impossible for the American investment firm to complete its purchase of Everton.
Yet they are still in the running, and as long as that remains the case, supporters on Merseyside will no doubt be nervous.
It is clear that 777 is not fit for purpose, and why the Premier League has yet to step in is mind-boggling.
If 777 were somehow able to pull off a miracle and become Everton owners, it is hard to imagine that the news would be well-received.
It is true that Everton need new owners, but the last thing they want is owners who look likely to cause more problems than the previous regime did.
Something will have to happen soon, and Everton Football Club needs a solution.
In other Everton news, one player could sign a new contract at Goodison Park despite interest from other clubs.
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