February 24, 2024

Finance Guru: Everton finally get positive as 777-takeover news emerges with £10bn twist

Everton finally get positive takeover news after £10billion 777 Partners update – Finance Guru

We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Everton

Dan Plumley has insisted that 777 Partners finally disclosing details to the Premier League over their proposed takeover of Everton is a long-awaited positive.

The Daily Mail reported on 3 November that the American firm will use its own resources to fund the £500million takeover, rather than take out more loans, claiming to control assets worth over £10billion.

The finance expert admitted that there is still a long way to go, with the news big for fans as 777 goes against loading yet more debt onto the club right now.

“If that’s the narrative and that is what the Premier League have seen and are happy with that, then again, you have to take it at face value,” he exclusively told Goodison News.

“The big for the fans in the background, they don’t want loads of further debt loaded on the club given the situation and the situation around the stadium.

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If it is a self-fund acquisition and that is the plan, and the Premier League have seen them and they aren’t going to load any loans onto the club in that regard, then that is a positive for sure.

There is still a long way to go on the takeover, but positive news on that front.”

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