Everton takeover verdict emerges amid alleged £480m 777 Partners fraud
Chris Beesley believes that allegations of 777 Partners’ fraud to the tune of £480million cast serious doubts over their ability to buy Everton.
Speaking on the Royal Blue Podcast (8 May), the Liverpool Echo journalist admits that the Miami-based investing firm had problems over their image since the start of the takeover process.
However, 777 remain Farhad Moshiri’s preferred choice of buyers.
Beesley said at 10:56 am: “It’s not a good look. They’ve had this problem from the start, haven’t they? There were all kinds of doubts and warnings from their various other ventures but when the accusations are coming out, $600million (£480million) worth of stuff. It really makes you fear if that’s the right word, because people, including myself, have serious reservations about whether they are the right people for Everton. That makes you concerned if the deal would get over the line.”
Everton fans in the dark surrounding 777 Partners takeover
Toffees fans have every reason to be sceptical about 777 Partners as potential buyers, given the serious allegations of fraud amounting to £480 million that have surfaced recently.
These allegations and the firm’s image problems cast a shadow over their ability to successfully complete the purchase and manage Everton effectively.
A resolution to this issue might involve Everton and Farhad Moshiri, reassessing their stance on 777 Partners as the preferred choice of buyers.
Given the magnitude of the accusations and the potential impact on the club’s reputation and financial stability, it may be prudent to consider other options or at least demand further transparency and assurances from 777.
If 777 Partners are unable to address these concerns satisfactorily, the Merseyside outfit might need to look for alternative investors or ownership structures.
This could involve attracting other potential buyers who have a more transparent and stable financial background or exploring different models of ownership that could involve greater fan involvement or partnerships with other reputable investors.
Ultimately, the resolution should prioritise the long-term stability and success of the club, ensuring that they’re in safe and capable hands moving forward.
In other Everton news, the 777 Partners face further takeover doubts amid legal issues while the Toffees find themselves in trouble with the authorities.
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