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Everton: New report paints grim picture of 777 Partners’ finances

777 Partners agreed a deal with Farhad Moshiri in September to buy his 94 percent stake in the club. 

However, the American investment firm are yet to complete the takeover as the sale requires approval from the Financial Conduct Authority. 

The company’s takeover bid reportedly stalled as they have failed to provide audited financial statements to the British regulator. 

It now appears the finances of the club’s prospective new owners are in a poor state. 

According to a report from Josimar, the 777 Group – made up of 777 Partners and its sister company 600 Partners – lost almost $600 million from June 2021 to June 2022. 

These numbers haven’t been submitted to the regulators and cast doubt on their ability to finance the proposed purchase of Everton

The Toffees are also awaiting to discover whether they will be punished for allegedly breaking Financial Fair Play rules. 

The Premier League has recommended that Everton receive a 12-point deduction, but an independent commission will decide their punishment. 

A points deduction would be a big blow for Everton, who barely survived the English top-flight last season. 

They will likely get relegated if they receive the punishment recommended by the Premier League

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