Everton: ‘Major’ £100m+ 777 Partners update causes takeover concern at Goodison Park
777 Partners have suffered a major blow in a fresh concern to Everton after a company that has provided hundreds of millions of dollars to the group exited their relationship, according to The Athletic.
The sports news outlet reported on 29 February that A-Cap, a New York-based financial services company, pulled out of its relationship with 777 Re – a subsidiary of 777 Partners.
This came following both companies having their long-term credit rating downgraded by insurance industry rating agency AM Best.
It was explained that this could have a direct impact on Everton since 777 Re is one of the few businesses under their umbrella to make serious money in recent years.
Everton-777 takeover receives yet another blow
This is just the latest on an ever-growing list of concerns surrounding the possible 777 Partners takeover at Goodison Park, with a new issue appearing to emerge every other day, causing growing worry among Everton supporters.
Author Martin Calladine has even gone as far as to suggest that the takeover could destroy the club with several red flags showing the 777 empire is out of control, telling the Premier League it would be a “monumental failure” to green-light the deal.
With the group still awaiting a verdict from the Premier League on whether they will be fit to purchase Everton, all signs point to that outcome being a negative one as far as the group are concerned.
Simon Jordan recently spoke out against the takeover, insisting that fans should be worried if they are taken over by 777 Partners, as they will be thrown out of the frying pan and into the fire.
Damning verdicts from both Jordan and Calladine should serve as further warnings to the Premier League about the eligibility of 777, although questions will remain about any alternatives should this takeover fall through.
In other Everton news, Simon Jordan has shared a new “nightmare” verdict.
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