Everton’s prospective takeover bidders suffer huge blow after two wealthy investors REJECT chance to join team
EVERTON takeover bidders 777 Partners’ efforts to bring wealthy investors Andy Bell and George Downing into their camp have been snubbed.
The pair have around £80million in loans due to them as part of the project to build a new stadium.
Americans 777 asked if they would join their group but pensions guru Bell and property developer Downing said no.
The rejection is the latest huge blow for Everton following their ten-point deduction for breaching financial fair play rules.
Sean Dyche’s team recorded a loss of £44.7m during the 2021-22 season.
It consequently meant their three-year total losses were worth £124.5m and Premier League rules state that no club can lose over £105m across that period.
The points deduction has plunged Everton into a relegation battle and they are five points from safety ahead of their game against Manchester United today.
Everton look set to fight the punishment by appealing the decision.
Meanwhile, rival clubs could reportedly sue the club.
Burnley, Leeds and Leicester may all launch legal action after they were relegated in the previous two campaigns instead of the Toffees.
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777 Partners agreed to acquire Everton in September from Farhad Moshiri for around £500m.
The Miami-based company already part-own several clubs such as Sevilla, Genoa, Hertha Berlin, Standard Liege and Vasco da Gama.