The Premier League has not yet approved the sale, but the fraud situation could completely interrupt the sale
Potential buyers and possible future owners Everton 777 Partners accused of organizing a financial pyramid.
It is reported that the American holding company has received accusations of fraudulent schemes. Several investment companies have gone to court: the lawsuit against 777 Partners alleges a financial corruption scheme through obtaining various loans secured by non-existent assets.
In September it became known that 777 Partners had bought a controlling stake in Everton from the previous owner, Iranian businessman Farhad Moshiri. The structure of the American holding company includes a number of football clubs: Italian Genoa of Ukrainian midfielder Ruslan Malinovsky, Spanish Seville, German Hertha, Belgian Standard, French Red Star, Brazilian Vasco da Gama and Australian Melbourne Victory.
The takeover of Everton by 777 Partners has not yet been completed. It is currently being ratified by the Premier League, the Football Association and the Financial Conduct Authority. However, the situation with this scandal may stop consideration of the sale of Toffees.
This season, you can’t sympathize with the team of Ukrainian defender Vitaly Mykolenko: several times the club was deprived of points for violating the league’s rules on “profits and sustainable development.” However, Everton managed to maintain its registration in the Premier League and, two rounds before the end of the season, is in 15th place in the standings.
Source: Sportarena
I’m Todderic Kirkman, a journalist and author for athletistic. I specialize in covering all news related to sports, ranging from basketball to football and everything in between. With over 10 years of experience in the industry, I have become an invaluable asset to my team. My ambition is to bring the most up-to-date information on sports topics around the world.
