Everton get ‘lucky escape’ after 777 Partners saga away from Goodison Park
Everton had a “lucky escape” with 777 Partners following bankruptcy news on the company, according to Ian Darke.
777 had agreed to a takeover back in 2023 and was even going through regulatory proceedings in December of that year [Alan Myers], only for it to collapse.
A-Cap has since started to liquidate the investment group’s assets following its collapse, with the £200million loan now only worth £66million in cash plus equity [Paul Brown].
TNT Sports commentator Darke, speaking exclusively to Goodison News, has emphasised how fortunate Everton are to have avoided being dragged into such a scenario: “It’s a hugely lucky escape.
“When you look at the struggles and chaos Everton have dealt with in recent times, it now looks like there are calmer waters ahead. It promises to be an interesting time under Dan Friedkin.”
Everton dodge bullet after 777 Partners fall
Everton have avoided an extension to the boardroom drama by – however reluctantly under Farhad Moshiri – steering away from 777, as work continues on completing the Friedkin Group deal.
With TFG having arranged a repayment deal with A-Cap – who have taken over the debt owed by the club to 777 – this may need to be re-evaluated following the ongoing Leadenhall case [Matt Slater, 10 October].
The deal should proceed to finalisation by this point, ensuring the Toffees can look forward to a more stable financial future as the Bramley-Moore Dock era is set to begin.
In other Everton news, another new milestone is hit on the stadium construction.
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