'There is nothing for Everton to worry about' as 777 Partners collapsepublished at 15:52 8 October
Football Finance expert Kieran Maguire says Everton fans should be "glad they dodged 777 Partners" as future owners "as it would have been a disaster".
The US-based consortium - unable to complete a take over deal earlier this year - has collapsed.
And despite putting in a £200m loan to Everton, that money will not have to be paid back any sooner than the date pre-agreed.
"It is still a legal contract between 777 and Everton football club," Maguire told BBC Radio Merseyside. "That will have a stated repayment date.
"If you take a look at the small print of this contract then it is what we call a junior loan. Everton have got a few loans outstanding from other lenders, so before 777 can be paid, the more senior lenders have to be paid by the club.
"It goes in steps so it is not going to be an issue.
"The chances are that someone is going to buy that loan off the equivalent of administrators or those administrators will have to manage the loan themselves. But there is nothing for Everton to worry about.
"All Evertonians will just be increasingly glad they dodged 777 as it would have been a disaster."