This month promises to be a monumental one in the history of Everton Football Club.
After all, they should eventually come to a decision regarding their planned purchase by 777 Partners in addition to presumably finding out the outcome of their second PSR hearing.
Now that the Miami-based company has been given a set of requirements to follow in order to receive Premier League clearance, the initiative is very much in their hands.
And according to this most recent story, they appear to be considering a dubious agreement to meet one of their criteria.
777 Partners could be given Everton lifeline
Journalist Alan Nixon speculated earlier today on his Patreon that MSP might be about to make a comeback and make a completely different kind of investment in the club.
He writes: “George Downing and Andy Bell, two ardent Everton supporters, are prepared to launch a rescue effort to preserve the club’s future.” The two are eager to reach a deal with Americans 777 Partners so they may occupy the new space at Bramley Dock.
And that would approve 777’s offer to buy the club, even though they wouldn’t actually become tenants until they moved out of Goodison.
While Scouser Downing, a Swiss company, has significant real estate holdings, Bell is well-known in the pension and finance industries. For many years, they have been allies. After investing money, “777 Partners” owes the two millions. In exchange for the stadium, they would forego that enormous cash.
One of the primary conditions set forth by the Premier League prior to the 777 takeover would also be satisfied by a deal.
Farhad Moshiri, the current owner, may even join the partners with a stake in the field that will host activities other than football games.
It would make Everton’s incoming owners guests at the new stadium, yet it might be the greatest solution to their current issues. Bell and Downing would intervene if 777 encountered difficulties in the future, but they are not really interested in owning and supporting the team.
Bramley-Moore Dock is supposed to be Everton’s financial saviour
Although the specifics of this potential contract have not yet been made public, if it results in the club losing revenue, it might have severe consequences.
Apart from replacing the dated Goodison Park, the primary objective of relocating to the Bramley-Moore Dock stadium was to provide a more substantial income source to enable the team to go to the next level.
They must have known, for many years under Farhad Moshiri, that spending blindly and carelessly would either have to perform spectacularly or hamstring them in the manner it is currently happening.
Thus, as they scramble to safety once more, this new stadium has given hope that, with 12,000 extra seats and a plethora of other options to consider, it would bring some much-needed financial flexibility.
Not if those options are put up for sale and sold to the highest bidder in an attempt to make a fast cash.
It really would not have been worth it, given the negative impact its construction has had on the club, to receive a lump amount and carry on with the same wretched cycle.
If this report turns out to be accurate, hopefully there are some variations that won’t impede the club’s advancement or financial assistance.