Investors could be pushed away from Everton as 777 Partners saga continues
Michael Ball believes new investors could be pushed away from the “messy” situation at Everton, with no end in sight as 777 Partners continue their attempted takeover of the club.
The Miami-based firm has still failed to earn Premier League approval as potential new owners of Everton, despite agreeing a deal with Farhad Moshiri in September last year.
And Ball thinks the continued uncertainty surrounding the club could prove off-putting to potential new investors who have the capacity to replace 777.
Ball wrote for the Liverpool Echo (14 May): “Moshiri obviously really wanted the 777 Partners deal to go through but they haven’t come up trumps and answered the questions the Premier League have asked of them.
“It’s all very contradictory because who would pay £200million in unsecured loans if they weren’t really keen on buying a football club? It just seems messy and if another outside investor was to look in, it might end up costing them more to come up to the table and feels like it could be pushing other potential investors away from us.
Will another investor save Everton from 777 Partners?
With the on-field threat of relegation quelled by Sean Dyche and his playing squad – and the possible can of administration seemingly kicked down the road – all focus has now turned to the looming shadow that is the prospective takeover by 777.
It is looking increasingly likely that the 2023/24 season will have begun and ended with no definitive movement on the ownership of the club.
And with 777 failing to pass the Premier League’s Owners and Directors Test for going on nine months now, Toffees fans’ hopes have taken on a different look.
Where they previously had longed for the takeover saga to simply end and for their prospective new owners to take charge, that fate is now exactly what supporters are hoping to avoid. If this is what being taken over by 777 looks like, what will the picture be if they own the club?
However, the tangled financial web Everton finds itself caught in does not exactly paint the prettiest picture to potential investors. As football clubs go, there are more attractive options on the shelf at this moment in time.
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