Throughout their proposed takeover of Everton, which has spanned many months now, 777 Partners have remained largely silent.
Not wishing to stoke the flames of speculation, but instead preferring to go about their business with relative ease, other than attending a few of the Toffees’ matches, the media have heard little from the Miami-based firm.
Whilst that has been fine, given they actually boast no affiliation with the club yet other than having agreed a deal with Farhad Moshiri, it has become a worry now given recent reports.
With The Daily Mail having suggested that the club could enter administration should the Premier League knock back their deal to acquire Everton, many have demanded answers from the firm.
Although not an official statement from them, the Liverpool ECHO sought to shed some light, claiming: ‘Sources claim that 777 Partners have not received any communication from the Premier League about not receiving a decision on the takeover before the end of the year.
‘However, the firm won’t provide working capital indefinitely, although the current arrangement that is in place to the end of January could be extended, although that will likely only be if there is a definitive end in sight to the process.’
They then noted: ‘The American firm, sources claim, remain confident of achieving the necessary approval, although they are not privy to the current status of the decision making process or its likelihood of success, with a final decision to be communicated once all checks have been completed.’
Could Everton actually go into administration?
When delving through that aforementioned article by Matt Hughes, it quickly becomes clear that the bulk of his arguments are baseless.
Although there is every possibility that the club could go into administration, it would likely be through Moshiri’s failures rather than an inability to push the takeover through.
After all, mid-way through the article he notes: ‘Everton sources insist they remain hopeful the takeover will go through and that they are working closely with both 777 and the Premier League, who declined to comment.’
It seems even he is unsure what the outcome will be, given the conflicting viewpoints present in his piece.
Everton owes a lot of money to a lot of different people. That much is true.
But the reality is, were 777 Partners to be rejected, there is likely a host of potential suitors who will boast a renewed interest in this sleeping giant with a brand-new stadium and results improving.
It is not all doom and gloom like some might suggest, and in fact, this is arguably the most positive Everton has been in years.
Receive a digest of our best Everton content each week direct to your mailbox
