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Everton could accelerate a takeover deal with other bidders if they enter administration but it would also result in another points deduction.
that prospective bidders might prefer Everton to enter administration so they don’t have to cover the club’s debt. The Toffees are still waiting to hear from the Premier League whether the takeover deal with 777 Partners has been accepted or rejected. The US group have provided nearly £200million in loans to the club during the takeover process, which would be recalled if their takeover is rejected.
Other US parties have been linked with a takeover deal if 777 Partners are rejected, but the club’s debts could be a stumbling block in negotiations.They could therefore pay for the completion of the stadium for themselves and walk into a club which has no overhanging debts.The downside of that is that it would come with another points deduction and then we enter the realms of four dimensional chess.
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