Premier League
Development of the Everton sale came to a halt due to problems with the interested company
The sale of Everton is facing delays after interested firm 777 Partners failed to provide audited financial reports to the UK regulator, which must approve the deal.
Everton’s non-existence as manager is a result of a lack of competitiveness, with the Liverpool team sitting 16th in the table and just 3 points above the relegation zone.
In the midst of all this, she also has to face her weakness 777 partnersan American company that made a takeover bid for the Premier League club to provide the necessary financial documents and information on the state of the company, as specified by the British authority tasked with final approval of the deal.
The regulatory authority, Financial Supervisory Authorityhas been demanding senior executives at 777 Partners for a month to hand over requested financial documents or letters of guarantee for the takeover proposal they submitted, with the deal’s collapse currently just one step away from completion.
A deal that included the financial support of the team, the completion of the new stadium and the competitive strengthening of the club, with the aim of making Everton a star again in the coming years.
In order to approve the sale, the 777 partners They have to convince not only the regulator but also the Premier League and the English Football Association that it will be what they call “very suitable“Manager of the 145-year-old club and one of the founders of the English league.
At this point their debts Everton The value is estimated at 500 million euros and its viability is a balancing act in the event that the sale is not successfully completed.
At the same time, the potential buyer, 777 Partners, refused to comment on the rumors that had arisen in an official announcement: “Out of respect for the process, 777 Partners will not comment on the ongoing regulatory approval process for the proposed acquisition of Everton.”.
Source: sport 24
Sophia Jhon is a sports journalist and author. He has worked as a news editor for Sportish and is now a sport columnist for the same publication. Alberta’s professional interests lie largely in sports news, with an emphasis on English football. He has also written articles on other sporting topics.