According to Guardian journalist Andy Hunter (September 15), sources close to 777 Partners say the group has the resources to complete the takeover of Everton, despite growing concerns.
Hunmter wrote for the newspaper’s online edition that 777 would not have ntered into negotiations with Farhad Moshiri over his 94.
1 percent stake in Everton and “would not have gotten this far” if they had not had the financial means.
Many questions remain over the group’s ability to finance the transfer, although the club has confirmed that the takeover has been accepted.
Questions, questions, questionsMany Everton fans are just happy to see Moshiri back at Goodison Park after years of turmoil.
Although the takeover of the club by 777 Partners has been agreed with Moshiri, it still needs to be approved by the Premier League and other official regulators.
Sign up to Football Insider now Questions remain about the Miami-based company’s financial health, with British government officials concerned about whether director Josh Wander will pass the owner-directors test, according to the Daily Mail (August 30).
The Guardian also claims the company is facing allegations of unpaid debts and fraud, issues which are still the subject of legal proceedings on the other side of the Atlantic.
These allegations have been vehemently denied by 777 Partners.
777 has stakes in several football clubs, directly or as a majority stake, including Genoa and Seville.
Belgium’s Standard Liège recently protested against the group’s ownership with banners reading “No money, no ambition”.
Brutal criticism, but source ‘insists’ the group have the financial muscle to complete the deal, which could reassure Toffees fans about the move.
In the meantime, all attention will be focused on the field.
The Toffees have made a poor start to the Premier League season and 777 will be keeping a close eye on the action.
