Simon Jordan: If I’m an Everton fan, I would be very worried about 777 Partners takeover
talkSPORT's Simon Jordan has issued a strong warning to Everton fans regarding their incoming takeover from 777 Partners.
The Toffees announced in September that the US-based private investment firm agreed to purchase Farhad Moshiri's majority shares.
777 Partners will acquire a 94.1 per cent stake and therefore majority control at Everton when their takeover has been finalised.
Majority stakes have been purchased by the firm in other European clubs including Italian club Genoa and Belgian side Standard Liege, with a minority stake also being held in Spanish outfit Sevilla.
However, they have had to previously rubbish suggestions their takeover is on the verge of collapse and former Crystal Palace owner Jordan has hinted it's 'not a good transaction' for Everton.
He also questioned their income's validity on White and Jordan, saying: «Well the process is you have to look at the money and look at who's bringing the money in.
»There's a lot to be said about this 777 Capital because if you look behind the scenes at where this money is coming from, I'm not even entirely sure the money they lent Everton is theirs. I think it comes from an insurance company that's underwriting some of the debts that this 777 Capital have got.
«There's a restructuring of their entire asset base including the football clubs that they own and Everton is being used to justify some of the funding they've got on other football clubs. So if I'm an Everton fan, I'd be very worried and I think they are.
»Talking to the fella that I was talking to at the weekend who, by the way, is a multi-multimillionaire so he knows what he's talking about… [Why doesn't he wade in?] Because he's sensible.
«Years ago I talked to him and one of his other colleagues, who's a
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