The motives of 777 Partners is confusing as their takeover of Everton would be a ‘loss-making’ investment.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the ‘high risk’ attached to the new prospective owners.
Everton are still awaiting Premier League approval for 777 Partners to acquire Farhad Moshiri’s majority stake in the club.
The Merseyside club announced in September that a deal had been struck between the two parties for Moshiri’s 94 percent stake.
A report from Josimar now claims that 777 Partners lost close to £478million ($600million) between June 2021 and June 2022.
It adds to other concerning reports from earlier this year that revealed that 777 Partners are facing charges of fraud, kidnapping and extortion.
Maguire is confused at 777’s motives behind the Everton takeover, adding that they are the type of owners he wouldn’t want near his own club.
“The nature of 777 Partners’ insurance industry is that it is quite high risk,” Maguire told Football Insider’s Sean Fisher.
“If they’re investing in football, that’s a very high-risk strategy.
“I’ve seen some of their pitches to investors.
“I’m not saying that they’re timeshare in nature, but they certainly would make anybody but a very cautious investor quite concerned.
“Trying to work out the motives of 777 is difficult because they would be inheriting a loss-making business.
“On the face of it, they don’t appear to be owners that I would want near my club and I think that’s the view taken by many Everton fans.
“But the Premier League will only give them the green light if they have been through a very stringent set of tests.
“Because the Premier League is still trying to persuade the government about the independent regulator.“
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