Blue Owl Capital are unlikely to be a “potential lender” to solve 777 Partners’ capital raising issues as they look to complete their takeover at Everton, according to The Esk.

The American investment firm is still waiting for Premier League approval to complete their takeover at Goodison Park, having agreed an extension over the repayment of a £158million loan to MSP Sports Capital.

777 have reportedly entered talks with private markets investor Blue Owl about a potential £360million loan, tied to the Bramley Moore Dock Stadium to save their takeover [Bloomberg, 12 April] but Toffees financial expert, The Esk doesn’t believe Everton fits the company’s portfolio.

Writing on X on Thursday (18 April) he said: “Lots of suggestions re Blue Owl being a potential lender to solve 777’s capital raising issues re Everton. Some facts: OBDC (Blue Owl) average deal size $65m, invest in investment grade/creditworthy co’s.

“Weighted av. length of loan 5 years. Average spread over base = 6.1% (90+% floating). Av. portfolio co revenue $932m. Av. portfolio co. EBITDA $204m. Av loan to value 44%. Overseas (from US) exposure 7% of portfolio – circa $850m.

“Everton, the Everton Stadium, 777 Partners – none seem to fit the above characteristics/requirements.”

Will 777 Partners be able to complete their Everton takeover at Goodison Park?

It seems unlikely that Blue Owl will be able to help 777 in their bid to raise some much-needed capital and without that potential investment, it’s hard to see how the American firm will earn approval from the Premier League.

The league made the repayment of the loan to MSP Sports Capital one of the key conditions of 777 Partners’ takeover and without it, they have insisted that they will not allow the firm to complete their acquisition.

Whether or not the prospective owners at Goodison Park are able to find funding from a different source remains to be seen, but currently, they don’t seem to be financially equipped to acquire Farhad Moshiri’s controlling stake.

The only piece of relief for supporters will be the fact that the Toffees appear to have dodged administration before the end of this season and therefore a further point deduction. Hopefully, it stays that way.

In other Everton news, Fabrizio Romano has shared a new update about Manchester United’s interest in Jarrad Branthwaite

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