Sale of Everton FC to 777 Partners Stalled Amid Regulatory Concerns Over Finances
- The proposed £500 million sale of Everton FC to US investment firm 777 Partners has stalled, putting the deal in jeopardy.
- Partners failed to provide satisfactory audited financial statements to UK regulators reviewing the takeover.
- Regulators have concerns about the source of funds behind 777 Partners' bid and their ability to provide needed financing.
- Everton requires millions in monthly financing to continue operations amid their dire financial situation.
- Current and former employees of 777 Partners have raised concerns over missed payments and the firm's overall financial viability.