Everton sale concerns as regulators wait for audited 777 Partners financial statements

October 19 – The proposed takeover of English Premier League club Everton by American investment firm 777 Partners has come under further scrutiny after claims emerged the company has so far failed to provide audited financial statements to a British government regulator.

The New York Times reports that Miami-based 777 Partners have yet to provide the required, and requested, audited statements to the Financial Conduct Authority.

The report is the latest in a line of claims around the prospective new owners of Everton,  a club saddled with hundreds of millions of pounds worth of debt. Last month controversial majority shareholder Farhad Moshiri agreed to sell his 94% stake in the club to 777 Partners for £100-150m.

Moshiri dismissed concerns of any holdup or the suitability of 777 Partners.

“They are highly professional and deliver exactly when they say they will, and I look forward to them achieving all their regulatory approvals and proceeding to completion on the timetable we set,” he told Sky

And a source familiar with the matter told Reuters that the deal is ongoing and has not stalled.

“We have submitted all relevant documentation to the FCA in line with their requests, and indicative timings,” a spokesperson for 777 Partners said in an emailed statement.

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