Two wealthy investors decline opportunity to join Everton, dealing blow to potential takeover bidders

The future of Everton Football Club is in jeopardy as takeover bidders 777 Partners face a major setback in their efforts to secure wealthy investors for the club. Despite their attempts to bring in Andy Bell and George Downing, the pair has snubbed the opportunity, leaving the club in a precarious financial position. The rejection comes at a time when Everton is already reeling from a ten-point deduction for breaching financial fair play rules, plunging them into a relegation battle. As the club fights to appeal the decision, other rival clubs may also take legal action against them. With Everton’s future hanging in the balance, the stakes have never been higher for the historic club.

Everton takeover bid faces setback as wealthy investors Andy Bell and George Downing reject 777 Partners’ offer to join their camp. The duo has around £80million in loans due to them as part of the new stadium project. Americans 777 were unable to convince the pair to invest in the business, resulting in a blow for the club. Additionally, Everton’s ten-point deduction for breaching financial fair play rules has put them in a relegation battle, with potential legal action from rival clubs. Despite this, the club is set to fight the punishment by appealing the decision. 777 Partners had previously agreed to acquire Everton from Farhad Moshiri for around £500m in September. The Miami-based company already part-owns several clubs such as Sevilla, Genoa, Hertha Berlin, Standard Liege and Vasco da Gama.