According to Kieran Maguire, 777 Partners won’t be able to clear the financial requirements to finish the Everton takeover.

According to the financial expert, the Premier League’s guidelines, which call for Farhad Moshiri to write off his debt, convert it into shares, and repay the loans from Microsoft, would come to a total of more than $1 billion.
Given that the Miami-based investment firm is already experiencing financial difficulties, that will make it too steep.

On May 15, Maguire stated to Price of Football: “I don’t see how 777 can meet the financial requirements set by the Premier League, which include Moshiri writing off all of his debt, turning it into shares, paying back the MSP loans, and 777 turning their debt into equity, thereby strengthening the balance sheet by lowering the amount of debt, which, when added up, probably exceeds £1 billion at this point.”

In the takeover saga, Everton finally receives good news.
The Toffee acquisition presents 777 Partners with significant financial challenges because the total amount needed may exceed £1 billion, a sum that 777 Partners may find difficult to meet given their current financial situation.

This could be a good thing for the club, as it keeps someone who isn’t stable financially from taking over.
The Premier League’s strict financial standards show that it is dedicated to making sure that its clubs are stable and profitable, which is good for the league’s and its members’ long-term health.

Given their agreement in 2023, it’s clear that the Toffees are searching for new owners and that Moshiri is adamant about selling to 777.