777 Partners no-show symbolic of Everton takeover bid dying amid 'financial maelstroms'
777 Partners' bid to take over Everton may be over after their assets were frozen in Belgium due to a defaulted payment relating to their shareholding in Standard Liege, according to the Daily Mail.
This case suggests that the Miami-based group failed to pay the company which owns Liege's stadium which has prompted intervention from the national courts.
The fans of the Belgian club caused the postponement of their latest game, blocking the team coach from getting to the stadium.
The freezing of 777 Partners' assets is said to be "the latest in a string of financial maelstroms" for the group since a deal was first struck with Everton.
This issue could finally spell the end for the group and their bid to take over the Toffees from Farhad Moshiri.
Everton set to ditch 777 Partners
The prospective owners haven't been short of issues since their initial interest in the club but this might be the straw that broke the camel's back.
There have been plenty of problems with them and Standard Liege which may represent what they'd do with Everton.
777 Partners have recently failed to pay club staff and players on time which is something that isn't good enough.
Pair this with a failed payment to the company that own their stadium and their reliability has seriously been brought into question.
Moshiri will still be desperate to move Everton on to another buyer but he has to find someone with the right intentions.
There are links to MSP Sports Capital who have have previous running various other football teams as well as McLaren F1 team.
The next steps for Everton have to be taken tentatively given the financial struggles that they have had in recent years.
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