GOOD NEWS;Everton takeover: ‘Approval granted few minutes ago..

Everton’s former chief Keith Wyness has claimed A-Cap or Leadenhall will not be able to play a key role at the club until legal action in the US is complete.

Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – claimed 777 Partners have got US insurance company A-Cap “into a mess”.

In news from Brazil (via NetVasco, 26 July), A-Cap have taken control at Vasco da Gama, who were purchased by 777 Partners.

The club’s legal vice-president Felipe Carregal Sztajnbok claimed “777 no longer exists” after they became embroiled in disputes in US court.

Leadenhall have sued the Miami-based outfit, claiming loan collateral was fraudulently used to secure funding.

The Friedkin Group backed out of an Everton takeover last month and it was widely reported that the US investors were put off by the situation surrounding debt owed to 777.

A-Cap and Leadenhall not set for immediate Everton involvement, says Wyness

Wyness claimed there will be “no news” until the lawsuit is resolved – meaning a takeover at Goodison Park could be delayed even further, with reports claiming a solution is not expected in the next 12 months.

He told Football Insider‘s Insider Track podcast: “This is as complex as it ever has been.

“A-Cap have now been given approval to take over at Vasco de Gama.

“But that’s not the end of the story. There’ll still be a lot to say about the Leadenhall case, a UK company who are suing 777 Partners in New York.

“They claim 777 have used the same security for loans two or three times, or used collateral which wasn’t under their ownership – which is very naughty.

“A-Cap have taken control of the 777 football assets and are trying to maximise the value after 777 have got them into this mess.