777 Partners takeover to be shelved but hope remains

The future of Everton Football Club is still an unknown at this point in time, with the protracted takeover by 777 Partners showing no signs of being completed.

The Toffees have endured an awful time over the past few seasons and have almost been relegated in the past two.

Ahead of their move from Goodison Park to a brand new, state-of-the-art stadium at Bramley-Moore Dock, the club appear to be sinking in a mound of debt which will make life difficult when it comes to transfers in.

Certainly, if Sean Dyche, or whomever comes to the club in his stead, doesn’t have money to spend, the Toffees aren’t going to have a squad that befits such a grand new home.

Everton are unlikely to be taken over by 777 Partners

The last thing the club need is a relegation to the Championship but if things don’t turnaround soon, there’s every possibility that could happen.

Former Premier League co-creator, Jon Smith, doesn’t believe that the takeover will ever be done with 777 Partners, though he has sounded a positive note for the Toffees.

“777 Partners have got a lot of baggage that seems to be crystallising in all the wrong places and at the wrong time,” he said to CaughtOffside for his exclusive column.

“That is now beginning to infiltrate the thinking of people who need to be on side with them, such as the Premier League, and this would indicate that this is a problematic position for them to continue to progress.

“Interestingly enough, the Everton supporters have possibly handed them a way out because at the recent AGM fans voiced their concerns regarding 777.

“That could be the kicker for 777 to say ‘look, supporters don’t want us now, obviously they’re the heartbeat of the club and so we will no longer be there.’

Construction of a new stadium at Bramley-Moore Dock has plunged Everton into crisis

“MSP Sports Capital are a company that seems to be circling Everton at the moment and there will be others. I’m aware of the numbers by the way, and they are huge;…

Source link : https://www.caughtoffside.com/2024/05/10/takeover-everton-shelved-still-hope/

Author : Jason Pettigrove

Publish date : 2024-05-10 20:33:00

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