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Kieran Maguire issues 'red flag' claim after Everton takeover news emerges
It is a ‘red flag’ that 777 Partners failed to submit their financial documents on time for their takeover of Everton.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that the news emerging from the takeover is ‘very concerning’.
As reported by the New York Times, the sale of Everton by Farhad Moshiri to 777 Partners has stalled this week because the US investors failed to provide the required information to regulators.
The Miami-based holding company are currently being assessed by the Premier League and regulators before being allowed to finalise their takeover of the Merseyside club.
In the meantime, they have loaned £40million to the Toffees to help with daily operating costs, but their delayed documents have only stalled the process further.
Maguire is concerned that all the news coming from sources involved with the Everton takeover has been negative.
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“It’s very concerning,” Maguire told Football Insider’s Sean Fisher.
“It’s indicative of a lack of professionalism from 777 partners.
“It’s indicative of an organisation which I think is trying to spin too many plates at once and really needs to focus on Everton if that’s the route they’re going to go down.
“Although, I think it has to be questioned as to whether approval will come from all of the regulatory bodies, and it does make you wonder whether this will ever come to fruition.
“So yes, more delays this week means it’s been red flag after red flag.
“There’s been a lot of good work done by people like Tariq Panja at the New York Times and also some of the high-profile Everton fans.
“None of what they’re coming out with about the takeover is positive.“
In other news, Everton fear Calvert-Lewin could quit due to takeover