777 Partners is currently in limbo, awaiting Premier League approval for their proposed acquisition of Everton, sparking daily updates and debates on their suitability as the club’s new proprietors.
On 7 March, The Athletic disclosed that 777 plans to withdraw the London Lions women’s basketball team from next season’s EuroCup due to financial constraints, a team that notably became the first British squad to advance to the competition’s later stages this year.
Recent revelations have also highlighted potential concerns with 777’s financial backing, particularly the news about A-Cap, a significant financier, “exiting” its relationship with the company’s reinsurance arm.
Despite these concerns, some optimistic narratives about the prospective new ownership have emerged. For instance, issues like late wage payments at Standard Liege have been attributed to administrative mishaps by previous management, according to 777.
The mix of negative and positive reports creates a cloud of uncertainty, particularly for Everton’s manager Sean Dyche and the team.
Sean Dyche on the Everton Takeover Speculations
In a press conference before the match against Manchester United, Dyche commented on the takeover talks, stating, “There’s no noise at my end, so there’s nothing to delve into. I’m just waiting for more information. Until then, I don’t know. It’s been an interesting few years budget-wise.”
Dyche and the squad find themselves in a challenging position, with the ongoing ambiguity adversely affecting Everton’s preparations and strategy for the crucial summer transfer window.
While most Premier League clubs typically plan their transfers well in advance, the uncertainty at Everton, especially regarding future financial support, places them at a disadvantage.
The prolonged uncertainty has left Everton supporters exasperated, questioning the necessity of a six-month vetting process by the Premier League for the new owners.
