'From what I understand...' - Kieran Maguire: TFG has A-Cap agreement in Everton takeover deal

Kieran Maguire has revealed that The Friedkin Group have reached an agreement with A-Cap over debt owed to 777 Partners by Everton.

The Toffees owe £200million to the American private investment company after a failed takeover attempt between September 2023 and May 2024.

This proved to be a stumbling block in TFG’s initial attempt to take over at Goodison but while speaking on The Price of Football podcast on 17 October, Maguire revealed that there is now an agreement in place to deal with this debt.

He said: “What’s now happened is that 777 has effectively been put into a bankruptcy position.

“A lot of their assets have been taken over by a company called A-Cap and A-Cap have also taken over the £200m loan from 777 to Everton.

“I think that is probably a positive because the Friedkin Group, who are the preferred bidder, they’ve reached an agreement, from what I understand, with A-Cap for what is going to happen in respect of that debt.”

The Friedkin Group reach agreement for 777-Partners Everton debt

The ownership saga at Goodison appears to be one that just won’t go away as links to 777 Partners continue to rumble on.

There were plenty of red flags around Josh Wander and his investment in the Toffees so it is was a massive relief to supporters that they never gained the Premier League’s approval.

The Miami-based company has now all but collapsed with A-Cap now in charge after plenty of financial mismanagement and legal issues.

This would have certainly been hugely detrimental to Everton after an already turbulent ride in recent years under Farhad Moshiri.

It has to be said that the Toffees appear to be on a more positive route with TFG who are looking to get all their ducks in a row before confirming the purchase.

This will see them pay £66m of the money owed to 777 upfront with the other £134m set to be converted into a more manoeuvrable debt with the future potential to convert it into shares in the club [The Athletic].

This is just another positive step in the journey for Friedkin as he looks to end any association with 777 at Goodison.

In other Everton news, one star has proved Sean Dyche right after what he did on international duty.

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