Everton are now “extremely unlikely” to enter administration before the end of the season after 777 Partners agreed an extension with MSP Sports Capital, according to The Esk.
The American investment firm managed to agree a last-gasp extension over the repayment of a £160million loan, which the Premier League listed as one of its key criteria for 777’s takeover to be approved.
While it remains unclear when or how 777 Partners will complete their takeover, Toffees financial expert The Esk has insisted Sean Dyche’s side is not under any immediate threat of administration or a potential nine-point deduction.
Speaking on The All Together Now Everton Podcast (16 April) he said: “As a result of yesterday, it’s now extremely unlikely that we will go into administration before the end of the season. Effectively, 777 to have got the extension will have had to agree to the payments at least until the end of the season.
“I don’t think administration is likely even between now and the end of the season. The idea that we might get nine points deducted, a couple of months ago I would have thought there was a 50/50 chance of that happening. Now I don’t think it will happen until beyond the end of the season if it does happen.”
Will Everton go into administration as 777 Partners takeover continues to rumble on?
The Toffees’ financial position still isn’t secure at Goodison Park, but it is now clear that they will be able to get to the end of the season without the need for administrators which is a minor boost.
