Premier League Investigation

Fears are growing that Everton Football Club could be forced into administration next month, following a recent takeover blow. The club's owner, Farham Moshiri, had agreed to a takeover deal with American investment company 777Partners in September, and Everton has been relying on their funding to operate. However, the Premier League has been investigating the suitability of 777Partners as owners, causing delays in the approval process. As a result, Everton's financial situation has become increasingly precarious.

Potential Funding Issues

According to reports, 777Partners may no longer be willing to provide loans to Everton beyond the end of this month. The club has already received over £100 million in loans from the company since September, with Moshiri no longer funding the club. Everton now requires an additional £20 million to cover operational costs, including staff wages. If 777Partners decides against providing further funding, the club could face administration for trading insolvent.

Possible Points Deduction

If Everton enters administration, they would face a nine-point deduction in addition to the ten points they have already been docked. Premier League officials are reluctant to take action that could lead to administration, but they also won't be rushed into a decision. The league is determined to fully investigate the funds of 777Partners and ensure the viability of their takeover.

Optimism Amidst Uncertainty

Despite the setbacks, Everton remains optimistic that the takeover deal with 777Partners will eventually be approved. The club is currently in 17th place in the Premier League table, performing admirably considering the initial points deduction. Without the deduction, they would be in 10th place.

Stay tuned for further updates on Everton's ongoing takeover saga.