What’s the best outcome for EFC with the takeover?
Category
🥇
SportsTranscript
00:00 What's the latest you can tell us after a week?
00:07 Last Friday when we spoke it was agreed that Vardy and Mascheri would sell their 94.1% stake to 7-7 partners.
00:18 Since it's transpired there's been no fee come out because a lot of it's going to be based on performance etc.
00:28 If Everton stay in the Premier League, things like that.
00:34 Obviously now it's transpired that 7-7 partners have given Everton a loan worth tens of millions.
00:44 It's not great in terms of Everton's overall situation because they've got a loan off MSP Sports Capital who were in talks to buy a minority share.
00:56 They've got a loan from local businessmen.
01:00 There's another one I think it's Righto Media. It's not great for Everton in terms of cash flow.
01:06 It seems that there are real problems to keep it going.
01:12 7-7, 7-11, the due diligence has been done, are they going to be doing a little bit more?
01:18 Now there's talk of whether it will go through.
01:23 Some people said that there's people in the UK government who are a little bit sceptical over it because of what 7-7-7 British basketball has been up to now.
01:33 There's been reports of mispayments there.
01:37 You're seeing just on Saturday that Haverbury fans who are owned by 7-7-7 are protesting against them.
01:44 We've seen that with Standard League Age as well this season.
01:49 I don't think Everton fans are convinced that 7-7-7 are the way forward to be quite frank.
01:57 I think Everton fans want someone who will be a sole owner.
02:02 Ideally, they want someone who is a sole owner, who has a fair amount of money, who can source Everton out, who can fund the stadium and who can make Everton a sustainable business.
02:13 If it is going to be 7-7-7 partners, I think if it goes through, you can only judge them on what they do with the club.
02:22 There's been a lot of noise, a lot of stories.
02:25 You can only judge them on what they do at Everton, to be quite honest with you.
02:30 It's going to keep rumbling on.
02:33 It would be interesting to see if anyone at 7-7-7 said they won't be speaking on it anymore
02:41 or if it's just one of the co-founders who has already made a statement on it.
02:47 It would be interesting to see what happens because I think there will be a few more things that come out definitely.
02:53 Will it be straightforward or not? We'll just wait and see I guess.
02:58 That can rumble on in the background. What Everton has got to start doing is getting results.