Everton takeover latest: Premier League boss warned directly about 777 Partners as fresh accusation made
Prospective Everton buyers 777 Partners have been accused of helping to “profit from the misery of others” in a damning article published by The Washington Post.
A feature written by Albert Samaha for the online edition of the outlet [29 September] explored how the American investment fund made its money.
In the piece, Lori Goney, one of the plaintiffs in a lawsuit filed against 777, revealed she has written directly to Premier League chief executive Richard Masters to express her concerns.
The article read: “The day 777 announced it reached an agreement with Everton’s current owner, Goney sent a letter to Richard Masters, chief executive of the Premier League, to ‘warn you about 777 Partners, which owns a series of companies that profit from the misery of others’.”
Many concerns raised
This is of course a delicate subject, but the negative stories coming out of this proposed takeover far outweigh the positive ones.
The Washington Post article comes on the back of Vasco de Gama, one of the other clubs in 777’s multi-club portfolio, being hit with a transfer ban.
It is little wonder that doubts have been raised as to whether the Miami-based firm will pass the Premier League’s relevant checks.
Farhad Moshiri has agreed to sell his 94% stake in the club, but there are still hurdles to overcome if that is to go through.
Concerns over where 777 has sourced its money have already been raised, with several club owners supposedly making their feelings known [Daily Mail, 20 September].
All things concerned, as desperate as Everton fans are to bring in new owners, is the scrutiny truly worth it?
In other Everton news, Sean Dyche must deliver on his early promise if he is to avoid the same fate as Frank Lampard.