talkSPORT commentator Sam Matterface has revealed when he expects ‘background’ investment in Everton with 777 Partners yet to complete their protracted takeover of the club.
An eye-opening report from The Guardian on Wednesday revealed those walking the long corridors at Goodison Park have sought the help of leading restructuring and insolvency advisers.
It’s still unclear whether the Miami-based firm will be granted Premier League approval over eight months after an agreement with Farhad Moshiri was announced.
Talk has now emerged of other interested parties, which, given 777’s reputation, isn’t the worst news for Evertonians.
Sam Matterface says when ‘background’ investors would like to buy Everton
Speaking on the Premier League All-Access Podcast, Matterface has shed further light on when Everton could be sold to someone other than777 Partners.
He said: “They tell me there are people in the background who may like to take over Everton but may end up waiting until it goes into administration because then they don’t have to pay all the bills.
“That’s the key thing; they don’t have to pay as much money out. From a new ownership perspective, it’s actually quite good for them if they go into administration.”
Everton’s off-the-field issues show no sign of ending
Evertonians would’ve been hopeful of their off-the-field issues staying firmly in the rear-view mirror after what has been a chaotic season from start to finish.
Yet, here we are, facing the very real prospect of another Premier League hearing during the summer months and the genuine possibility of administration come the start of next season.
777 Partners have allowed this mess to unfold. The Miami-based firm should never have loaned the club money in the first place, knowing there were fundamental issues with their source of funding. Should Everton become the second top-flight club to fall into administration after Portsmouth, the governing body have only themselves to blame.
There’s a mess to clean up, and the sooner it’s done, the better.