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Kieran Maguire is 'more concerned about 777 Partners than Everton' as £1bn news emerges
Everton fans should be more concerned about 777 Partners than the current debt at Goodison Park.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that he has concerns about 777 Partners’ ability to run Everton.
The US investment group are on the verge of completing a takeover of the Toffees after striking a deal with current chairman Farhad Moshiri last month.
However, 777 Partners will have a huge debt to tackle at Goodison Park, with the Daily Mail reporting that debt has hit £1billion.
The Merseyside club have accepted multiple loans to help with operating costs, while there is also a sizeable amount of debt from the construction of their new stadium.
However, Maguire insisted he has more reservations about 777’s financial history and record as football club owners than Everton’s growing debt.
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“If 777 do acquire the club, they will have done their due diligence,” Maguire told Football Insider’s Sean Fisher.
“The fact that they’ve turned up at Goodison Park on at least one occasion is indicative that they’re aware of the extent of the numbers and the debt.
“I’m more concerned about 777 than I am about Everton.
“Their track record of acquiring clubs in financial distress isn’t overly impressive in the sense that there’s not been a huge amount of turnaround at those clubs.
“Some of the stories which are coming out in relation to 777 are worrying.
“The New York Times reported about their credit card debt so if they can’t afford to pay everyday bills then you do wonder how they’re going to fund and finance what would be a mammoth project at Everton.“
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