According to i News, Everton has “credible” alternative interests that might help MSP Sports Capital acquire ownership of the team.
On May 7, the outlet posted on their website that other potential investors were still waiting in the wings as the 777 Partners takeover “drags on” for eight months without a resolution.
As part of the terms for their £158 million in loans to the club, MSP retain the option to take over the Toffees themselves, and the unidentified interested parties could reportedly step in to support them if they so choose.
One of the four primary conditions set forth by the Premier League for 777 was to repay the loans by April 15th. However, 777 was unable to secure the funds in time, and instead of taking over at that point, MSP agreed to an extension following discussions led by Farhad Moshiri.
Everton is still waiting for 777 Partners.
Fans may have expected that 777 would finally provide an answer to the takeover situation when it became evident that the company lacked the resources to make the MSP loan repayment by the deadline.
It is unclear why they decided against taking over the club, but considering the significant financial load that would entail, it is probably not too hard to guess.
However, Everton will undoubtedly continue to be a desirable option in the long run if funding is secured to finish the new stadium and the team stays in the Premier League—Sean Dyche has accomplished this twice despite losing two games.
Therefore, even though there has been some doubt about MSP’s willingness to ever take charge, the support of new investment partners may provide them the motivation to intervene and finally provide some clarity for the near future at Goodison Park.
Based on available data, that appears to be the most likely path to a resolution. Moshiri appears to be determined to give 777 as many chances as possible to reverse their unsuccessful takeover attempt, despite them having committed over £200 million in loans and failing to secure Premier League approval after almost eight months.
There have been reports of other interested parties for a while, but despite their continued anonymity, questions about their backgrounds and motivations persist.
Supporting a move from MSP, who have been in the open since their unsuccessful attempt to obtain minority ownership a year ago due to opposition from fellow creditors Right and Media Funding Ltd [The Athletic, August 25], could be something that fans could support.