Everton in tears as 777 partners twist emerges.
According to the New York Times, 777 Partners has had yet another obstacle in its efforts to acquire Everton because it neglected to give an English government regulator certified financial accounts.
The respectable American journal warned that the proposed transaction could fall apart if the Miami-based holding company fails to give the needed financial information or a convincing justification on its online edition on Wednesday 18 October.
The news follows Philippe Auclair and Paul Brown’s report on Tuesday (17 October) that 777 failed to pay rent for their own headquarters and failed to pay payroll to their own employees in July.
According to the New York Times story, the missing documents are the most important difficulty to date in 777’s proposed takeover and a failure to close the deal could have serious consequences for the financial viability of Everton.
Although at first the news was welcomed, it has since become apparent that Everton’s knights in shining armor are not who they first appear to be.
There has been a fresh unfavorable development every week, with this one being possibly the most worrying thus yet.
Josh Wander, the head of 777, has been putting out flames nonstop, but the government regulator will not be disregarded.
Simply said, they must provide the needed documentation; else, if this report is accurate, the transaction is off.
The last thing Everton needs right now is something like that. Without being excessively dramatic, if a deal fell through at this point, it might be terrible.
Assuming nobody else is standing around, Everton is in dire need of 777 to keep things moving by providing these docs.