Fresh questions about to be raised about potential Everton buyers 777 Partners after issue emerges

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777 Partners’ reputation has taken a hit recently, with their potential takeover of Everton yet to be approved.

Daily, reports emerge either questioning their source of funding or highlighting problems they have faced with other clubs.

For example, the situation at Standard Liege has been heavily criticised. The Belgian club is under 777’s stewardship and failed to pay staff on time in February.

This would seem like an almighty red flag, yet the late payment is believed to be because of an administrative error from a previous ownership.

Furthermore, only this week, The Athletic reported that A-Cap, one of 777’s key funding sources, is “exiting” its relationship with the firm’s reinsurance subsidiary.

One of the main concerns surrounding 777 Partners centres around how their other assets have faired; relegation, points deductions, and late payments are the norm.

The Athletic reports that the firm is removing one of its most successful sporting teams from a European league.

Everton: 777 Partners remove London Lions from EuroCup

The Miami-based firm has told the London Lions women’s basketball team that it will not compete in Europe next season.

The team became the first British outfit to reach the last four of the competition this season.

The Athletic report that a decision has not been formally announced, and this saga will raise fresh concern over their ability to purchase Everton.

British basketball has proven to be one of 777’s more successful ventures. The firm purchased the Lions in 2020 and acquired a 45 per cent stake in the British Basketball League.

The Lions have dominated the UK’s domestic league, with the women’s team also impacting the European stage.

For Evertonians, the news on the London Lions can be viewed in a positive and negative light.

Firstly, it’s good to see one of 777’s ventures dominate from a purely sporting perspective. The success of the Lions shows that they know how to structure an organisation correctly.

However, once again, the financial issues need to be questioned. It feels as if Everton are in a difficult position, considering the loans already under the club’s name.

And the fact that 777 Partners are having to withdraw from a basketball league due to budget problems doesn’t bode well.