23 September 2023 , 21:00
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Everton could be forced to sell one of their big name players like Jordan Pickford or Amadou Onana in January if the 777 Partners takeover is blocked.
Due to a worrying financial situation and with owner Farhad Moshiri not prepared to pump in any more money the Toffees are relying on loans from 777 and MSP Sports Capital to cover mounting monthly losses. It’s why Moshiri who has sold his 94 percent stake in the club is anxious that the Premier League, FA and Financial Conduct Authority give the planned take over the green light.
But doubts persist that 777 Partners, who have come under fire for their running of the other clubs in their stable including Standard Liege and Hertha Berlin, will pass the examination.
Next month Everton will also appear before an independent commission for an alleged breach of the Premier League’s Financial Fair Play rules. In March the club posted losses for a fifth successive year culminating in a deficit of £430 million over that period.
It leaves the club, who are also in another scrap to stay in the Premier League, desperate to secure a substantial financial package to safeguard their future.
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Without a takeover and investment from their would be American owners Everton will be vulnerable in January to offers for the likes of England keeper Pickford, rising star Onana who already has admirers in the Premier League and Three Lions striker Dominic Calvert-Lewin.
It’s a nightmare scenario for manager Sean Dyche who has already been limited in his budget when it comes to improving his struggling squad.