Sheikh Jassim bin Hamad al-Thani and Sir Jim Ratcliffe are each prepared to play the long game regarding their respective wish to buy Manchester United
is also in doubt, although the club has secured a £100m loan to help fund the construction of their new stadium from MSP Sports Capital., prompting the owner Farhad Moshiri to reopen talks with 777 Partners over a deal to buy the struggling Premier League club. MSP have, however, loaned £100m to Everton’s stadium development holding company.
Whether Moshiri or 777 Partners will be in charge of Everton at that point remains to be seen. The two parties are in advanced talks over a takeover but there is uncertainty over whether 777, a Miami-based firm that majority owns five clubs, has the funds to buy out Moshiri and finalise the stadium project. As well as the £100m loan from MSP Sports Capital, Everton also have a loan facility with Cheshire-based Rights and Media Funding Limited that extended to £200m this year.
The Premier League introduced a more stringent directors’ and owners’ test this summer and, as well as looking into 777’s finances, would have to consider a 2003 drugs charge against co-founder Josh Wander. Wander, who was elected to the board of the European Club Association last week as a representative of Standard Liege, pleaded no contest to the charge 20 years ago.
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