American investment firm 777Partners could pull away from a £500million deal to buy Everton after the Premier League
side were docked 10 points for failing to meet profit and sustainability rules
Everton are facing the prospect of seeing American investment firm 777Partners walk away from a £500million
deal to buy the club following the news that they could be facing a £300m compensation bill.
Majority shareholder Farhad Moshiri’s proposed sale suffered a hammer blow on Friday when the Merseysiders
were rocked by a Premier League decision to dock them 10 points for failing to meet profit and sustainability rules.READ MORE
The reality of being plunged into another relegation fight was compounded when an interim hearing held before
the same independent commission ruled that Leeds, Leicester and Burnley could purse a compensation claim
that would take Everton to the brink of the financial abyss – and virtually guarantee that Sean Dyche’s side will be playing in the Championship next season.
It is understood that 777Partners included a series of clauses in their deal with Moshiri that would see the price to buy Everton slashed if the Premier League’s case against the club was upheld. But Everton are now faced with the prospect of having to pay three of the clubs relegated in the last three seasons £100m each in compensation.