Two Wealthy Investors Decline Offer to Join Everton Takeover Bid

Efforts by Everton takeover bidders, 777 Partners, to bring on board wealthy investors Andy Bell and George Downing have been met with rejection. The duo, who have around £80 million in loans due to them as part of a new stadium project, have declined the invitation to invest in the business.

Rejection Adds to Everton's Woes

This latest blow comes as Everton faces a ten-point deduction for breaching financial fair play rules. The team recorded a loss of £44.7 million during the 2021-22 season, resulting in a three-year total loss of £124.5 million. Premier League regulations state that no club can exceed losses of £105 million over that period. As a result, Everton finds itself in a relegation battle, currently five points from safety before their game against Manchester United today.

Everton to Appeal Points Deduction

Everton is expected to appeal the points deduction as they fight to overturn the punishment. Additionally, rival clubs such as Burnley, Leeds, and Leicester may reportedly consider legal action, as they were relegated in previous campaigns instead of Everton.

777 Partners' Acquisition of Everton

In September, 777 Partners agreed to acquire Everton from Farhad Moshiri for approximately £500 million. The Miami-based company already has ownership stakes in clubs like Sevilla, Genoa, Hertha Berlin, Standard Liege, and Vasco da Gama.