Kieran Maguire believes that Everton fans may be sympathetic towards the Liverpool-based duo of Andy Bell and George Downing.
The two super-rich Toffees creditors have a combined net worth of £865million [Bell – £365million and Downing – £500million] and have shown some interest in buying the club and even waiving off their loans.
Farhad Moshiri remains committed to selling his stake at the club, but it appears hard for him to sell with him possibly needing to write off his £450million in shareholder loans to the club.
Maguire, a finance expert told the Liverpool Echo on 10 May: “It’s like if your house is worth £400,000 and your mortgage is £600,000. It’s hard to see why anyone would be willing to pay Moshiri anything for the football club.
“There are going to be a few people that may need to take a haircut here. There are a number of different levers that can be pulled to try and restructure the debt and get it down to a manageable level.
“In the case of someone like Andy Bell or George Downing, who have provided some financing, as Evertonians they are likely to be pretty sympathetic to what’s going on and try and find a solution that is best for the club. For someone like Rights and Media Funding Limited it is more difficult as they have no emotional attachment to any of this.”
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