{"id":288327,"date":"2023-09-20T14:20:45","date_gmt":"2023-09-20T14:20:45","guid":{"rendered":"https:\/\/sportsloveme.com\/?p=288327"},"modified":"2023-09-20T14:20:45","modified_gmt":"2023-09-20T14:20:45","slug":"exclusive-premier-league-owners-to-voice-concerns-over-everton-sale","status":"publish","type":"post","link":"https:\/\/sportsloveme.com\/soccer\/exclusive-premier-league-owners-to-voice-concerns-over-everton-sale\/","title":{"rendered":"EXCLUSIVE: Premier League owners to voice concerns over Everton sale"},"content":{"rendered":"<h1>EXCLUSIVE: Premier League owners will voice concerns over Everton&#8217;s \u00a3500m sale to 777 Partners amid uncertainty over the deal&#8217;s funding and the company fighting several court cases in the US<\/h1>\n<ul>\n<li><strong>Many clubs were opposed to Newcastle&#8217;s purchase by Saudi Arabia&#8217;s PIF in 2021<\/strong><\/li>\n<li><strong>Concerns are over a potential reputational damage to the Premier League\u00a0<\/strong><\/li>\n<li><strong>Listen to the latest episode of Mail Sport&#8217;s podcast\u00a0&#8216;It&#8217;s All Kicking Off!&#8217;\u00a0<\/strong><\/li>\n<\/ul>\n<p>A number of Premier League owners are set to voice concerns about Everton\u2019s proposed sale to 777Partners at the clubs\u2019 first summit meeting of the season tomorrow. The issue is expected to be discussed informally at the gathering of top-flight owners and executives in London, although it does not feature on the official agenda.<\/p>\n<p>The other clubs\u2019 worries are understood to centre on uncertainty over the source of 777\u2019s funding for the \u00a3500m deal and the danger of potential reputational damage to the Premier League given the company are involved in fighting several court cases in the United States.\u00a0<\/p>\n<p><span>Mail Sport<\/span> has been told that the Premier League will not be in a position to provide any guidance to the clubs tomorrow as they have yet to receive disclosure from Everton or 777 on the terms of the deal.<\/p>\n<p>As a members\u2019 organisation most Premier League issues are decided by a vote of the clubs, but takeovers are an exception.\u00a0<\/p>\n<p>Many clubs were opposed to Newcastle\u2019s purchase by Saudi Arabia\u2019s Public Investment Fund two years ago, but it was given the green light by the Premier League regardless, leading to an angry backlash from several clubs at not being kept informed about the deal.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/20\/14\/75640443-0-image-a-29_1695217257116.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Everton&#8217;s sale to 777 partners has triggered uncertainty among rival Premier League owners<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/20\/14\/75640439-0-image-a-30_1695217572383.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>777 Partners are currently fighting several court cases in the US &#8211; Pictured: Managing partner Josh Wander<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/20\/14\/75640441-0-image-m-34_1695217751820.jpg\" height=\"554\" width=\"634\"><\/p>\n<p>Farhad Moshiri is looking to sell his 94.1 per cent controlling stake in Everton to 777 Partners<\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>777 have not disclosed how their proposed purchase of Everton will be funded. Sources close to the deal have told Mail Sport that 777 plan to use their own capital rather than borrowing from elsewhere, although given the investment firm own 60 companies establishing the origin of the money may not be straightforward.<\/p>\n<p>The Premier League have privately conceded that completing due diligence on the takeover could take months, which may leave Everton facing cash-flow issues before the end of the season.<\/p>\n<p>The formal meeting tomorrow is set to be dominated by discussions over the impending domestic TV rights auction, which as Mail Sport revealed last week will see the Premier League offer broadcasters a four-year deal for the first time.\u00a0<\/p>\n<p>In addition the Premier League will also seek approval from the clubs to finalise a new funding deal with the EFL which would see the bottom three divisions receive an additional \u00a3130m-a-year, in addition to \u00a3110m in solidarity payments and \u00a340m for youth development.<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span><span>It&#8217;s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football.<\/span><\/span><\/p>\n<p><span><span>It is available on MailOnline, Mail+, YouTube, Apple Music and Spotify.<\/span><\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12540505\/Premier-League-Everton-500m-sale-777-Partners.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE: Premier League owners will voice concerns over Everton&#8217;s \u00a3500m sale to 777 Partners amid uncertainty over the deal&#8217;s funding<\/p>\n","protected":false},"author":2,"featured_media":288326,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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