Simon Jordan delivers passionate speech over Everton takeover and 777 Partners

Former Crystal Palace chairman Simon Jordan has stressed Everton remain a "desirable club" for potential buyers despite the growing list of problems the new owner will have to contend with.

The ECHO understands 777 Sports have already provided the Blues with a loan worth tens of millions, which arrived after an agreement between the two parties and has been issued for both the club and stadium company side. "Let's be clear, Everton is a desirable club," said the talkSPORT host. "If Newcastle was desirable, Everton is equally as desirable. It's how you buy it, when you buy it and who you pay on the way in that may become the barrier to entry or the opportunity.

"Everton will find a buyer, whether it's this motley group [777] or another one," continued Jordan. "We'll see. But it will be about a price. If it means that Moshiri has to walk away with nothing and rather than ongoing debts, someone can steal it, who knows. But Everton will find a buyer.

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Everton receive sizeable loan from 777 PartnersEverton have received a sizeable loan from prospective new owners 777 Partners. It was announced last week that the American investment firm has an agreement to buy the club from Farhad Moshiri, subject to an approvals process. Details of the financing have not been disclosed but amid Everton’s perilous financial situation — influenced by the mounting construction costs for their Bramley-Moore Dock stadium — it can be revealed that 777 has already made a payment worth tens of millions. Premier League rules prevent the company from investing directly into Everton via an equity injection,...
Source: The Athletic UK - 🏆 123. / 51 Read more »