New £52.8m Court Order Casts Doubt on 777 Partners’ Everton Takeover Bid Progress

Despite the announcement months ago, 777 Partners’ acquisition of Everton Football Club remains unsettled.

The American investment firm, set to acquire Farhad Moshiri’s 94.1% stake, awaits

Premier League approval contingent on the clearance of their audited accounts.

While the Financial Conduct Authority has given the green light, the Premier League is scrutinizing 777’s accounts to determine their suitability as owners of Everton.

Recent reports indicate a potential hurdle to their approval, as 777’s budget airline, Flair, faces a court order for over £52.8 million in unpaid taxes.

Additionally, Flair is entangled in various lawsuits across multiple countries. While not directly linked to Everton’s takeover, these issues raise concerns about 777’s ability to manage their affairs.

The question emerges: If 777 encounters challenges in operating their airline, can they be entrusted with running a football club?

The Premier League holds the authority to decide, and Everton fans anxiously await their verdict.

Clearer answers are hoped for in the near future, with supporters closely monitoring every development involving 777 Partners.

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