‘New worries’ raised over 777 Partners’ ownership of Everton as a £4.5 million payment issue emerges
According to The Guardian, “new concerns” have been raised over 777 Partners’ ownership of Everton due to events with another of the American investment fund’s teams.
Vasco da Gama, which is 70% owned by 777, missed a deadline to complete payments on three player transactions, prompting FIFA to impose a transfer ban on the Brazilian club last week.
The failed payments to Lille, Uruguay’s Nacional, and Argentina’s Atletico Tucuman amount roughly €5.2 million (£4.5 million), according to Andy Hunter in an article for The Guardian’s online edition [2 October].
“Fresh concerns have been raised about 777 Partners, Everton’s prospective new owners, after another of their clubs failed to meet payments on three transfers totaling around €5.2m (£4.5m),” Hunter said.
“Their predicament raises more questions over 777’s resources as it attempts to buy Everton from Farhad Moshiri.”
Even more concerns
This is not the only high-profile issue to have surfaced since 777 Partners’ interest in Everton was revealed.
Vasco’s transfer embargo adds another complication at a time when the Toffees urgently need some good news – both on and off the field.
The Americans seek to buy 94.1% of Moshiri’s ownership, but the Premier League must first approve the deal.
A decision on that could still take a few months, but there are plenty of signs that everyone expects an agreement to be reached.
If it does, it goes without saying that 777 cannot afford to miss any payments, whether they be £4.5m, as in this case, or significantly more.
With luck, the bad news on the takeover front will subside for a time, but don’t hold your breath.
In unrelated Everton news, two players are said to be “under pressure” following the 2-1 loss to Luton Town.
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