{"id":290974,"date":"2023-08-30T22:39:31","date_gmt":"2023-08-30T22:39:31","guid":{"rendered":"https:\/\/sportstons.com\/?p=290974"},"modified":"2023-08-30T22:39:31","modified_gmt":"2023-08-30T22:39:31","slug":"government-reveal-fears-over-everton-agreeing-a-deal-with-777-partners","status":"publish","type":"post","link":"https:\/\/sportstons.com\/soccer\/government-reveal-fears-over-everton-agreeing-a-deal-with-777-partners\/","title":{"rendered":"Government reveal fears over Everton agreeing a deal with 777 partners"},"content":{"rendered":"<h2>Government reveals fears over Everton agreeing a deal with US firm 777 partners as the Premier League side&#8217;s hunt for investment faces yet another setback<\/h2>\n<ul>\n<li><strong>Whitehall officials discussed 777&#8217;s suitability for buying into the Premier League\u00a0<\/strong><\/li>\n<li><strong>Everton suffered a blow when MSP Sports Capital withdrew from negotiations\u00a0<\/strong><\/li>\n<li><strong>Would Mohamed Salah &#8216;do the dirty&#8217; on Liverpool by leaving? And what about Man United &#8216;diving&#8217;?: Listen to &#8216;It&#8217;s All Kicking Off&#8217; , Mail Sport&#8217;s new podcast\u00a0<\/strong><\/li>\n<\/ul>\n<p>Everton&#8217;s hunt for investment is facing another setback after Government officials expressed concerns over the club agreeing a deal with US firm 777 Partners.<\/p>\n<p>Whitehall officials have discussed 777\u2019s suitability for buying into the Premier League and whether managing partner Josh Wander would pass the owners\u2019 and directors\u2019 test.<\/p>\n<p>It comes after Everton suffered a significant blow last week when MSP Sports Capital withdrew from exclusive negotiations over a proposed \u00a3150million injection.<\/p>\n<p>Toffees owner Farhad Moshiri has since resumed talks with 777, who had seen their offer of investment rejected in favour of MSP\u2019s bid in May. The Government\u2019s concerns about 777, who already have stakes in seven clubs including Sevilla, Genoa and Hertha Berlin, centre on their ongoing involvement in several court cases in the United States.<\/p>\n<p>In addition to Wander pleading no contest for drug offences in 2003, 777 and sister company Sutton Park have been accused of multiple cases of fraud, offering illegal loans and failing to pay bills totalling hundreds of thousands of dollars.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/08\/30\/20\/74890085-0-image-a-1_1693425185848.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Government officials expressed concerns over Everton agreeing a deal with US firm 777 Partners<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/08\/30\/20\/74890155-0-image-a-2_1693425239917.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Toffees owner Farhad Moshiri (centre) has resumed talks with 777, who had seen their prior offer of investment rejected in May<\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>The alleged offences have been detailed in Josimar magazine, with proceedings still active in several cases.<\/p>\n<p>The Government lack the power to block investment in clubs until a proposed new independent regulator is established, but are ready to raise the issue with the Premier League if a deal is agreed between Everton and 777.<\/p>\n<p>The Premier League strengthened their owners\u2019 and directors\u2019 test earlier this year by increasing the list of disqualifying events to include offences such as violence, fraud and corruption, as well as bringing in new powers giving them the right to stop individuals becoming directors if they are under investigation for these offences.<\/p>\n<p>It is unclear at this stage whether 777 would seek to make Wander a director at Everton, although the provisional deal which the club had agreed with MSP Capital included two seats on the board at Goodison.<\/p>\n<p>Staff at UK Sport, the body responsible for administering funds to Olympic sports, have also expressed concerns about 777.<\/p>\n<p>They had dealings with the Miami-based company through their involvement in basketball, as 777 bought a 45 per cent stake in the British Basketball League last year.<\/p>\n<p>Everton and 777 both declined to comment.<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span><span>It&#8217;s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football.<\/span><\/span><\/p>\n<p><span><span>It is available on MailOnline, Mail+, YouTube, Apple Music and Spotify.<\/span><\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12462901\/Government-reveals-fears-Everton-agreeing-deal-firm-777-partners-Premier-League-sides-hunt-investment-faces-setback.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government reveals fears over Everton agreeing a deal with US firm 777 partners as the Premier League side&#8217;s hunt for <span class=\"more-text\">&hellip;<\/span><\/p>\n","protected":false},"author":2,"featured_media":290973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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