‘Greatest concern’ about 777 Partners has just been eased after new details come to light

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777 Partners’ takeover of Everton has now entered its sixth month, with the Premier League still to grant approval.

Over the past couple of weeks, there has been back and forth regarding the news shared about the US-based investment firm.

The Premier League approval decision is make or break. The governing body has faced plenty of criticism recently and is ensuring they properly vet 777 Partners before their potential takeover.

Evertonians shouldn’t expect a decision this week, regardless of the meetings scheduled between the prospective new owners and the Premier League.

Per The Telegraph: “A decision on the outcome of the league’s toughened owners’ and directors’ test can be ruled out for at least another week, sources tell Telegraph Sport. More meetings are anticipated between the top tier and the Miami-based investment firm in the coming days to clarify outstanding questions face-to-face.

“A decision on the outcome of the league’s toughened owners’ and directors’ test can be ruled out for at least another week, sources tell Telegraph Sport. More meetings are anticipated between the top tier and the Miami-based investment firm in the coming days to clarify outstanding questions face-to-face.”

The primary issue sits around 777 Partners’ funding source, with reports suggesting a significant source is about to be cut off.

Furthermore, the Premier League is undoubtedly looking at the portfolio of clubs owned. Under 777’s watch, Genoa was given a one-point deduction, and Standard Liege has been subject to a transfer embargo due to late payments.

The latter is of concern. Football finance expert Kieran Maguire claimed the Belgian club were a “red flag” and that the Premier League are right to undergo proper due diligence.

However, in the Liverpool Echo’s most recent piece on Everton’s takeover, they have eased some fears.

Everton takeover fears eased

The Echo have shared 777’s view on the late payments at Standard Liege.

“Perhaps of greatest concern has been the late payment of some wages at Standard for each of the last three months,” they wrote.

“The problem underpinning the late payment in February is said to have been due to a dispute linked to the previous ownership that meant club accounts were subject to a precautionary seizure.

“The position of 777 is that this was an issue that had nothing to do with the group but which it quickly resolved.”

This does read as slightly more positive news, as we have always been painted a somewhat gloomy picture of the Belgian club’s financial situation.

Keeping a close eye on how Liege operates going forward could indicate how things will unfold at Goodison Park if 777 Partners get Premier League approval.

All Everton fans ask for is clarity over the situation; the sooner a decision is made, the better.