777 Partners Everton takeover bid may have hit fresh stumbling block as new £52.8m court order emerges
It may have been months since it was originally announced but so far 777 Partners’ takeover of Everton football club still remains unresolved.
The American investment firm had agreed on a deal to acquire Farhad Moshiri’s 94.1 per cent stake in the Toffees but are still yet to complete the deal as they await approval from the Premier League once their audited accounts are approved.
While the financial conduct authority has approved the deal, the Premier League is taking its time to mull over 777’s accounts and decide whether they are fit and proper owners to take control over Everton for the foreseeable future.
However, their hope of approval may have hit a new stumbling block, with reports emerging that another one of the Miami-based company’s projects has been hit with a new court order.
According to freelance journalist Paul Brown (29 January) 777’s budget airline, Flair, has had a court order taken out against it for over £52.8million [$67million] of unpaid taxes, while also featuring in a number of different lawsuits in multiple different countries.
While this doesn’t directly correlate with 777’s takeover of Everton, it once again demonstrates that a number of battles elsewhere are ringing some alarm bells.
If 777 aren’t capable of running their airline correctly, can they be trusted to run a football club? Ultimately that decision lies with the Premier League, but Everton fans will be eagerly awaiting their verdict.
Hopefully, supporters will get some clearer answers sooner rather than later. Until then, Everton fans will be watching every 777 Partners’ development with an eager eye to see what’s in store.
In other Everton news, one BBC Sport pundit has shared his verdict on Abdoulaye Doucoure’s future at Goodison Park
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