Uncategorized
Jurgen klopp’s get angry about what Nunez said considering Luis Diaz goal and asked him to leave the team with immediate effect
Jurgen klopp’s get angry about what Nunez said considering Luis Diaz goal and asked him to leave the team with immediate effect
A report in the Mail claims that 777 Partners have been informed that they could be sued if Everton found guilty at hearing
SHARE
ByDave PowellBusiness of Football Writer
Bookmark
Josh Wander, co-founder of 777 Partners
The prospective owners of Everton, 777 Partners, have not received correspondence relating to the intention of three clubs to sue should the Toffees be hit with sanctions at a key meeting this month.
Everton will appear before an independent commission on October 25 after being charged by the Premier League earlier this year over allegations of breaching the League’s profit and sustainability regulations, something which the club has repeatedly denied.
The hearing will determine what, if any, punishment should be handed down to Everton should it be decided that they broke the Premier League’s rules.
According to a report in the Daily Mail, Burnley, Leeds United and Leicester City, three clubs relegated from the Premier League during the past two years, have informed 777 Partners, the Miami-based investment firm that agreed to acquire current Everton owner Farhad Moshiri’s 94.1% stake in the club last month and that are currently going through the process of seeking regulatory approval for the deal to be ratified, that they would seek financial compensation from the new owners should Everton be found guilty.
READ MORE: I would drop Everton midfielder to fix issue Sean Dyche has not resolved
READ MORE: Everton fans will be ‘surprised’ at new stadium feature as Dan Meis vision comes to life
The Mail report claims that a letter was initially sent to the Premier League and that the intentions of the three clubs, each reportedly seeking £100m in compensation for a loss of Premier League revenue, would be sent on to 777 Partners, a move positioned as being a threat to any takeover deal going ahead.
Sources have told the ECHO that no correspondence from the three clubs in question has been received by 777 Partners as things stand. It is also likely that an indemnity would exist on the selling side to cover any significant financial penalties that may arrive if the club were to be found to be in breach of profit and sustainability regulations, meaning that it would likely be a cost burden of Moshiri.
777 Partners are understood to remain ‘confident’ that they will clear the required hurdles to obtain regulatory approval for the takeover by the Premier League, Football Association and Financial Conduct Authority. The process, described as ‘well underway’, could take as long as 10 weeks from the current date to complete.
Josh Wander and Steven Pasko, 777 Partners’ co-founders, were present at Goodison Park on Saturday to see Everton go down to a 2-1 defeat at home to Luton Town.
Follow Liverpool Echo
Facebook
Twitter
Comment
Loading…
MORE ON
777 PartnersEverton FCFarhad Moshiri
SPORT
ALL
TOP STORIES
Sadness as BBC Radio Merseyside show due to end on Friday
BBC RADIO MERSEYSIDE
‘And the Oscar goes to’ – Pep Guardiola sends Liverpool message after weighing in on VAR controversy
PEP GUARDIOLA
Prospective Everton owners 777 Partners have not received letter over ‘£300m legal threat’
EVERTON FC
Man, 24, told 999 operator ‘I’m going here love’ after he was stabbed in heart
CROXTETH
Men flee scene after trying to break into home
AIGBURTH
Live-event
Liverpool transfer news LIVE – PGMOL audio latest, Cody Gakpo injury update, Ben Doak claim
LIVERPOOL FC
Live-event
Everton takeover and transfer news LIVE – 777 Partners latest, Jarrad Branthwaite eyed, Castore kit update
EVERTON FC
Live-event
Live updates of councils’ public notices across Liverpool City Region
LIVERPOOL COUNCIL
City centre walk-in services to move to new location this month
NHS
Police update on schoolboy seriously injured in M53 coach crash
MERSEYSIDE POLICE
Everton linked with switch from hummel to Castore from 2024/25 season
EVERTON FC
Mum’s last words to daughter on phone 60 seconds before she was killed
COURTS
NEWS
WHAT’S ON
SPORT
IN YOUR AREA
LIVERPOOL FC
EVERTON FC
CELEBS
BUSINESS
FOLLOW US
InYourArea
MemoryLane
Discount Codes
Beauty Box Subscription
Marketplace
Our RSS feeds
Contact Us
About Us
Work for us
Advertise with us
Public Notices
Mirror Bingo
Buy a photo
How to Complain
Corrections & Clarifications
Reader Panel
Terms & Conditions
Privacy Notice
Cookie Notice
Newsletters Signup
Syndication & Licensing
Do not sell or share my data
© 2023 a Reach plc subsidiary
-
Manchester City9 months ago
Congratulations Phil Foden side chick just gave birth to a baby boy,open to hear Phil Foden speech from conference
-
Manchester City8 months ago
Good New: Erling Haaland UK side chick just delivered a baby boy today, Haaland named the child after Pep Guardiola 🙄
-
Manchester City8 months ago
Report: Manchester City attacking midfielder De Bruyne ‘desperate’ to join English football giants
-
Manchester City9 months ago
Congratulations: Erling Haaland become a father as side chick delivered baby boy earlier today by BBC..
-
Manchester City7 months ago
Footage of Ederson’s Angry Reaction to Pep Guardiola made Phil Foden to send him a warning massage,Pep was shocked when he saw what Phil wrote.
-
Manchester City6 months ago
“Everyone at Man City wants me out, even the fans want me out
-
Uncategorized6 months ago
Sky Sport Confirmed Tottenham has signed Manchester City best player€66m rated,Ange Postecoglou smile
-
Manchester City8 months ago
Congratulations to Phil Foden as he bought a new private jet.