A look at the latest ongoings for Everton’s takeover situation.
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00:00 So Will, breaking news out of Everton after the 7-7-7 partners takeover. What can you
00:07 tell us about this? Surely, we've spoken a long time about the possible sort of thing
00:14 of a takeover at the club, it was seemingly needed. Is this a good thing for Everton?
00:19 It surely must be.
00:21 Yes, it's very interesting what's been happening at Everton. We've known for a while that Fafa
00:26 Machete wants his investments, but maybe stopped short of saying he wants a full takeover.
00:33 But now, obviously Everton were in talks with MSP Sports Capital, that exclusivity agreement
00:41 expires and they walked away from the deal and 7-7-7, who've been linked, come back to
00:47 the table now and they've agreed to buy Fafa Machete's 94.1% stake in the club, so they'll
00:54 be very much the majority owners. First of all, I've got to say, it's got to pass the
00:59 owners and directors test of the Premier League and other stipulations, it's got to get passed
01:03 as well because there have been some allegations against 7-7-7 and Josh Wander, the co-founder,
01:11 was charged with drug trafficking 20 years ago, which he'll probably say he was a young
01:15 lad and it was a silly mistake if he's asked about that. But the facts are there, they're
01:21 going to have to pass the test. They already own a lot of clubs, the likes of Standard
01:26 Liège, Haifa Berlin, Genoa, they've got stakes in Seville and Melbourne Victory as well.
01:34 A couple of other clubs they own, including Red Star in Paris. So they own a lot of clubs,
01:40 so certainly there are some fans who've protested against them before. Standard Liège fans
01:47 in their last home game certainly has unfurled banners wanting them out. Red Star fans when
01:53 they arrived did as well. I think maybe it's a little bit too early with Haifa Berlin,
01:59 they went down last season but they only came in in March so they haven't had a chance to
02:03 really do anything. But it comes down to the fact that they're going to have the funds
02:06 to buy the club, well they've agreed a deal and it seems like they will. But then you
02:12 see Genoa trying to raise 5 million euros through a fan bond scheme. So 5 million euros
02:19 in the grand scheme of things isn't an awful lot of money for a group who own multiple
02:28 football clubs. Everton fans want to see change undoubtedly, they want to see Marc Machete
02:35 plough hundreds of millions of pounds into the club, it just hasn't worked. At least
02:41 he started off at the Bramley Moor, Dock Stadium, at least that maybe is one crumb of comfort
02:49 he can take from his 7-year spell. Otherwise he's been pretty, well let's face it, Everton
02:55 have regressed since he's arrived, you can't make any bones about it. Under David Moyes
02:59 they were always challenged for Europe, finished 4th on one occasion, got to an FA Cup final.
03:07 Under Roberto Martinez they finished 5th with the highest ever Premier League points tally,
03:13 got to two semi-finals and it's been regressing since because of the constant chopping, changing
03:18 of managers, changing of sporting directors, or directors of footballs. There's been no
03:24 continuity, there's been, it's almost been like whack-a-mole at times with managers,
03:30 so let's get rid of him, let's get him. There's been different styles of play from
03:35 Ronald Koeman to Sam Allen's ice, then Michael Silva, Karl Ancelotti, Rafa Benitez, Frank
03:40 Lampard and then you go to Sean's ice. Everton have suffered with all these players who have
03:49 been brought in from different managers and it's caught up with them now, there's making
03:53 no bones about it. They've got a thin squad so the financial ramifications have hit them
03:58 hard. Combined losses of £400m in 2019 as we've seen this summer. We've seen Anthony
04:04 Gordon leave in January, this summer Alex Owobi leaves, young players like Tom Cannan,
04:11 Ellis Sims, he chased Samuel Smith's souls because it was good for profit and sustainability
04:17 rules and he had Damari Gray's souls as well and Sean's ice was saying they were sort of
04:22 having to go about the business, they were considering everything to get players in on
04:29 transfer deadlines and the deals didn't work out for Everton. So, look, what Everton fans
04:35 want now, I think, whether that's 7-7-7, if they do pass all the tests or whether it is
04:40 anyone else, is just someone who can run the club sustainably, run the club properly, not
04:46 put it into any financial difficulties again, get it back on the up, slowly but surely start
04:54 moving towards where Everton fans think this is able to be and that's challenging for,
04:58 at least, Europe every season at an absolute minimum and coming up to 30 years now since
05:05 Everton last won a major trophy and certainly that's what they want to see as well.