Pranav Shahaney

Sat 23 December 2023 9:10, UK

Paul Brown believes that the 777 Partners lied about an important aspect of their proposed takeover of Everton as David Ornstein shared an update.

The Athletic journalist reported on 22 December that the Financial Conduct Authority had given their approval for the takeover but the FA were still to do the same.

However, Brown, a Josimar reporter, claims that the 777 Partners had already told people they had the approval and they appear to be lying.

He wrote on Twitter, “777 were telling people they already had FA clearance. David now suggests otherwise. And timing of this new briefing interesting as too late to confirm now with FCA. That said, trust in regulators low, and process not transparent. If correct, final, and biggest, hurdle remains PL”

Not ideal

Everton fans may be disheartened by the recent developments in the potential takeover by 777 Partners due to the uncertainties and conflicting information surrounding the clearance from the FA.

The discrepancy creates confusion and raises concerns about transparency in the takeover process.

The timing of the update is also a source of frustration for fans, as it appears to be too late to confirm with the FCA, leaving them in a state of limbo.

The trust in regulators is clearly low and the lack of a clear process adds to the anxiety among the fanbase.

While the FCA clearance is a positive step, the reminder that significant hurdles, particularly from the Premier League, still need to be overcome before the takeover is finalised adds to the uncertainty.

The intricate details about 777 Partners’ extensive global multi-club network, while showcasing the firm’s reach in football, might also raise concerns about the Toffees’ identity and the potential direction it could take under new ownership.

In other Everton news, a club shareholder has gone on record to slam a “terrible” development surrounding the Toffees and has made an admission on Sean Dyche.