Skip to main content

More concerns about Everton buyers

More concerns have emerged over Everton’s prospective buyers, 777 Partners, after its Brazilian club Vasco da Gama was hit with a Fifa transfer ban for late payments.  Vasco da Gama missed payments to three clubs towards outstanding debts and according to the Brazilian media outlet Globo there has also been a delay in a payment 777 was due to make to the club this month.

A Fifa spokesman told The Times: “The club Vasco de Gama is currently prevented from registering new players due to an outstanding debt. The relevant ban will be lifted immediately upon the settlement of the debt being confirmed by the creditor concerned.”

777 partners recently met with Everton’s fan advisory board representatives over concerns about how the takeover will be funded

The Times reported last week that late payments from 777 put the British Basketball League (BBL), which it co-owns, at risk of “immediate administration”.

While 777 has been trying to get on the front foot, including meeting the Liverpool mayor, Steve Rotherham, observers have raised eyebrows about the cash-flow issues which have resulted in delays to payments as small as £825,000 in the case of the BBL.

The BBL’s issues will be looked at by an independent investigation, commissioned by the British Basketball Federation, which licenses the league.  The licence was granted on the basis of 777 owning 45 per cent of the BBL plus another 5 per cent through its ownership of the London Lions.

The investigation will also look into why Josh Wander, the founder of 777 Partners, is registered on Companies House as the person with significant control of the BBL with “ownership of shares — more than 50 per cent but less than 75 per cent”.

A spokeswoman for 777 said the Companies House record was down to a “clerical error” and that it has requested a correction.

Labels:

Comments

Post a Comment

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Spurs CEO attacks luxury training base

The Tottenham Hotspur chief executive Vinai Venkatesham has issued a withering assessment of the way the club was run under Daniel Levy, likening the state-of-the-art training centre to a five-star hotel rather than a centre of high performance.  Venkatesham was appointed to his role in April 2025, having stepped down as chief executive at Arsenal the previous summer. However, he has said that some aspects of the club were “in a significantly worse state” than he expected.  “Our training centre is amazing, one of the best, if not the best in the world,” Venkatesham told BBC Sport. “But when you look around, it looks more like a five-star hotel than it does a performance environment. That will change over the summer. I think there are many areas where the club hasn’t got the right level of expertise.”  He explained that the football side of operations was the club’s main downfall when he arrived last year. [One Spurs fan wryly observed that it was like a water company sayi...
Post a Comment
Read more

Fulham requires big funding from owner

After lengthy delays, Fulham’s shiny, new Riverside Stand has finally opened, creating “a unique Thameside destination with first class facilities for supporters and partners on match days, as well as for the wider community year-round”. This ambitious project has increased Craven Cottage’s capacity by around 4,000 to 29,600, while it has also taken advantage of the club’s fantastic location and wealthy catchment area by including two Michelin star restaurants, a rooftop swimming pool, corporate hospitality and event space, all benefiting from views of the Thames. Chief executive Alistair Mackintosh observed, “Fulham is the sort of club that can have a business class or first class and have fans that turn left on a plane.” Indeed, there is also an exclusive members club – with a football season ticket as an optional extra. It’s fair to say that “the times they are a-changing”, as this is a long way from the traditional pie and a pint. However, in a world where clubs face the tw...
Post a Comment
Read more