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It is a ‘big concern’ that prospective Everton owners 777 Partners may struggle to secure additional money and complete repayments on their £3billion worth of debt.that the US takeover group are “veering from one crisis to another”., 777 Partners owed a total of £3billion to creditors in the summer of 2023.
The Miami-based group have struck an agreement with Toffees chairman Farhad Moshiri to buy his majority stake in Everton, but the takeover is yet to be approved by the Premier League.stating that the company’s credit rating was recently downgraded.Maguire explained that, the situation as of Tuesday night, is that the level of debt at 777 Partners is not an issue but their “high-risk” business approach could now backfire.
Join the Football Insider WhatsApp channel to get all our exclusives and the breaking transfer news FIRST.Therefore, the interest rates being charged on such loans are likely to increase which is going to put a further strain on the organisation. “They already seem to be veering from one crisis to another because of the unprofessional way that they have conducted themselves by taking a high-risk approach to so much of their business.
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