'There are other parties interested in Everton'published at 09:53 30 May
Football finance expert Kieran Maguire has been discussing the current situation at Everton, as 777 Partners' takeover looks increasingly unlikely to reach completion before the deadline on Friday, 31st May.
"I think it is a challenging position for Farhad Moshiri, the club and 777 Partners," Maguire told Total Sport Merseyside. "They have all got consequences.
"From what we understand, 777's period of exclusivity to acquire Everton Football Club expires at the end of May. That also may coincide with one of the big loans to the club being due for repayment at the same time.
"How that was going to be funded and organised, Farhad Moshiri probably thought that was going to be 777's problem rather than his.
"So, it is a tricky position but it is in everybody's interests for Everton Football Club to carry on.
"I think all of the stakeholders in this situation realise that, including the Premier League who have put some fairly significant obstacles in the way of 777 Partners buying the club."
On whether the administration rumours are wholly correct, Maguire added: "I think in terms of administration, there are other parties interested in the club. I would think at least one of them has done the sums.
"If a football club goes into administration - and you buy that club from the administrators - you only buy the assets and you don't inherit any of the debt. Therefore, you could buy Everton Football Club for a price which may be cheaper than buying it from Farhad Moshiri.
"You don't have to pay MSP, you don't have to repay 777, you don't have to repay any of the other lenders - so you can see the benefits in that.
"The downsides are potential job losses, suppliers taking a significant cut to what they are owed, and the Premier League would take steps to address it.
"So there are positives and negatives to administration."