777 Partners are using the Premier League’s own tactics against them to threaten the collapse of their Everton takeover.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about 777’s threats to no longer provide money at Goodison Park.
As reported by The Times, 777 Partners have indicated that they will cut their financial support at Everton if the takeover is not completed before the end of January.
The US group are awaiting approval from the Premier League to complete their takeover of the Merseyside club, but they have faced delays due to concerns over their source of funding.
It is understood that 777 have already supplied over £100million in loans to Everton, which they will require to be repaid if the takeover collapses.
The Toffees already have loans in place with MSP Sports Capital and Rights and Media Funding Limited.
However, Maguire pointed out that 777 may lose their £100million if the takeover collapses as their loans are unsecured.
“It looks like a bit of brinkmanship from the 777 Partners in relation to the approval of their takeover by the Premier League,” Maguire told Football Insider’s Sean Fisher.
“It’s quite ironic because the Premier League have used similar tactics themselves towards the EFL when it comes to solidarity payments and so on.
“They get the other party reliant on cash and then threaten to take it away.
“So the Premier League can’t be surprised that 777 are repeating their very own actions.
“Because 777’s loans are unsecured and they have put in £100million, they potentially stand to lose that money as they’d be the last in the queue to be repaid.
“So I think they need to keep that in mind before making these threats.“
In other news, Man City told Everton they want £7.5m Kalvin Phillips loan fee
