Speaking on the most recent episode of Football Insider’s Inside Track podcast, former Everton CEO Keith Wyness—who led the team as CEO from 2004 to 2009 and currently operates a football consultancy advising elite clubs—said two new bidders are “seriously considering” a takeover of the Toffees. The 66-year-old also hinted that a bid led by former LA Dodgers general manager
is not as strong as other options.
Despite starting an exclusive time, Everton said last week (19 July) that the Friedkin Group will not be moving forward with acquiring the team.
After a protracted process that began in September 2023, 777 Partners also failed to complete a buyout early this year, and they are still due over £200 million in debt.
The Merseyside team will move into a state-of-the-art new stadium next year, which is anticipated to bring in a significant amount of money. Last season, the club was penalised points for violating Premier League financial rules.
I’ve heard that two other bidders are also giving this some serious thought in the background.
“There’ll be no shortage of those eager to explore the data room and kick the tires. However, the 777 problem is the one that needs to be resolved by all.
“There may be a chance later on that you paid the wrong person for that £200 million if you choose to return it to 777
One option is to put the money in escrow and wait for the court proceedings to be settled. “There are potential solutions, but it depends on the resources of the buyer to take a calculated risk with the knowledge that Everton are a big prize.” In other news, £200m update after Everton takeover deal collapses. For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.
