By Kieran Maguire

19th Sep, 2023 | 12:17pm

Kieran Maguire drops news Everton takeover verdict - 'serious hurdles'

Everton will have to overcome ‘serious hurdles’ in order to finalise their takeover deal with 777 Partners.

That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the Toffees’ takeover news from both MSP Sports Capital and 777 Partners.

The Merseyside club released a club statement last Friday (15 September) revealing that a takeover agreement has been signed between Farhad Moshiri and 777 Partners to acquire his 94 percent stake in the club.

The takeover deal remains subject to regulatory approval from the Premier League and FA, but Everton state that they expect the transaction to be closed in the fourth quarter of 2023.

On top of the 777 Partners deal, the Liverpool Echo report that Everton received a £100million loan deal from MSP Sports Capital despite talks of a majority takeover deal collapsing.

Maguire believes the MSP loan is a ‘positive’ for Everton, but is curious to see how the two parties interact if they both invest into the club.

“The £100million from MSP is a positive for Everton, because clearly they do have cash flow concerns with regards to the construction of the new stadium,” Maguire told Football Insider’s Sean Fisher.

“The loan has bought them some breathing space, but it doesn’t mean the club are out of the woods by any means.

“The 777 Partners takeover has now been announced, but that also has some serious hurdles to overcome before being finalised.

“It will be interesting to see what the reaction is from MSP and how their relationship is with the new owners.“

In other news, Kieran Maguire urges Premier League to ‘protect’ Everton from takeover deal