The Premier League will rule on the acquisition of Everton by 777 Partners next week | Everton
A decision by the Premier League board on whether to accept or not The possible acquisition of 777 Partners of Everton will be done next week.
Meetings between 777 and the Premier League took place last week, leading to the latest questions being directed at Everton's potential owner, who provided his response. Further meetings were held earlier this week before the matter was sent to the Premier League board for a final decision. Everton The financial future could be in danger. if the acquisition proposal is not approved.
An agreement was reached for the American company to buy the club from Farhad Moshiri in September, but the league's investigation has taken longer than expected. One issue has been the complex nature of 777 Partners' business interests, which has made the league's due diligence process longer than usual as it investigates the company. The Financial Conduct Authority gave its approval to the deal and the Football Association also approved it.
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777 has invested in several other clubs, with Genoa, Sevilla, Hertha Berlin, Standard Liège and Vasco da Gama as part of its portfolio. He has pumped £190m into Everton to help with the day-to-day running of the club. If the acquisition is not approved, the club would have to repay the loans.
If accepted, the acquisition would end the Moshiri era. The British-Iranian took control of Everton in February 2016 and set about investing heavily in the team, achieving a seventh-place finish in his first full season as owner. This was followed by eighth place finishes in successive campaigns, but recent years have been plagued by financial difficulties. Despite Everton's long history in the top flight, they struggled to attract potential buyers and 777 was the only serious candidate.
Everton were deducted 10 points – later reduced to six – for violating the Premier League's profitability and sustainability rules and could be punished for a new breach in the coming weeks. a second charge. Any additional deductions would not affect the acquisition because all potential outcomes have been considered and incorporated into the sale. Everton have failed to win in their last 11 games and are four points above the relegation zone.
