Finance expert delivers Everton takeover claim amid 777 Partners chaos
Stefan Borson claims that the Premier League can reject 777 Partners’ Everton takeover once they are convicted of fraud.
The finance expert took to Twitter to respond to BBC journalist Giulia Bold’s update amid the chaos surrounding the Miami-based investing firm.
The Premier League conduct Owners’ and Directors’ tests whenever there is someone new in charge of a club.
Borson wrote on Twitter: “They [Premier League] can reject if they are in the categories of excluded owners (eg disqualified or criminal). 777 aren’t in that set so can’t be rejected on those grounds.
Then when asked if 777 can be rejected if they’re convicted of fraud, he responded: “They would be.”
777 Partners should never be the owners of Everton
777 Partners have a history of financial instability and allegations of fraud, as highlighted by their involvement in a lawsuit accusing them of fraud in the United States.
This legal issue raises questions about their suitability as owners of a football club and they must not be allowed to complete the Toffees’ takeover.
The Premier League’s rules are designed to prevent individuals or entities with a history of financial misconduct from taking control of clubs, as this could potentially harm the reputation and stability of the league.
The importance of these checks is further underscored by 777 Partners’ situation.
If convicted of fraud, they would be deemed unfit to own a football club under the Premier League’s rules.
Farhad Moshiri, despite having his doubts, has given 777 an extension which certainly should not have been the case.
The time has arrived for a rival interested party to make their interest public and take this forward.
In other Everton news, a claim has emerged on Saudi Arabia potentially completing the takeover ahead of the 777 Partners.
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