According to TEAMtalk sources, 777 Partners’ takeover of Everton is on the verge of collapsing, and other possible investors are aware of the circumstances.
As per their original agreement, main shareholder Farhad Moshiri has given the American company till the end of May to complete the transaction; however, he is aggressively searching for other potential bidders.
The fact that 777 Partners are in difficulty is causing lengthy delays and grave concern among Everton supporters, as everything ought to have been finished months ago.
According to reports, they just lost legal ownership of Vasco de Gama, one of their clubs, due to concerns about going bankrupt.
Standard Liege’s financial difficulties have prevented them from paying players’ salaries, and supporters of the Belgian team have staged demonstrations against the club’s ownership group.
We are aware that, with their agreement with Moshiri “effectively dead,” Everton will be the target of other suitors starting at the end of this month.
This is true even though the Premier League gave 777 permission because they settled an outstanding loan on Everton’s behalf.
Everton received a £158 million loan from MSP Sports Capital and two businessmen from Liverpool, Andy Bell and George Downing. The money was originally scheduled to be returned on April 15.
The concern is increased by the fact that even though the payback date was extended, it has not yet been made.
Kevin Malone, the general manager of the previous LA Dodgers, is heading a group that has a genuine interest in purchasing Everton, as we exclusively revealed at the beginning of this month.
Malone and his team are prepared to take over in the event that the 777 takeover fails, which at this point looks likely.
He’s heard good things about Liverpool owner John Henry, who created the template for moving from baseball to football, and would like to own a Premier League team.
Malone is a strong contender to take over Everton and has expressed genuine interest in the team, according to multiple TEAMtalk sources.
But other parties will start to emerge in the upcoming weeks, so he’s not the only prospective buyer waiting in the wings.
Everton is in severe need of someWe exclusively disclosed earlier this month that a group fronted by former LA Dodgers general manager Kevin Malone is genuinely interested in acquiring Everton.
If the 777 takeover fails, which at this point seems likely, Malone and his crew are ready to take control.
He’d like to purchase a Premier League team and has heard excellent things about Liverpool owner John Henry, who invented the blueprint for switching from baseball to football.
Several TEAMtalk sources claim that Malone is a serious candidate to take over Everton and has shown genuine interest in the group.
He’s not the only potential buyer waiting in the wings, though, as more parties will begin to surface in the coming weeks.