Uncertainty Surrounds Everton Takeover by 777 Partners Amid Financial Concerns

The proposed acquisition of Everton by 777 Partners appears to be encountering obstacles following reports casting doubt on the Miami-based investment firm’s financial stability.

Recent revelations from Semafor Business indicate that Damien Alfalla, Chief Financial Officer at 777, has resigned during a critical phase of the club’s takeover process. Brett Kaufman, a seasoned enterprise finance consultant, has been appointed as his replacement as the investment firm awaits approval from the Premier League for the acquisition.

Alfalla, who had been with 777 since 2017, was tasked with managing the firm’s finances amidst reports of cashflow challenges. Allegations suggest that 777 has been endeavoring to offload assets to sustain Everton and fulfill existing commitments to other portfolio companies.

Five months after Everton owner Farhad Moshiri announced the prospective deal with 777, concerns have arisen regarding the Premier League’s scrutiny of the firm’s financial backing and its ability to support the club over the next three years as part of the owners’ and directors’ test.

To date, 777 Partners has committed around US$239.6 million toward Everton’s operational expenses and the development of their new stadium at Bramley Moore Dock. As Everton supporters await clarity on the future ownership of their club, the emergence of these reports underscores the complexity and uncertainty surrounding the proposed takeover by 777 Partners.

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