Everton fans have had a rough time in the past few years, dealing with failed takeovers, financial issues, and even being docked points. However, there seems to be a glimmer of hope on the horizon with new ownership and a new stadium in the works. The Friedkin Group stepped in to buy the club from Farhad Moshiri, bringing financial stability and hope for a brighter future.
The Premier League has not been kind to Everton either, especially with the profit and sustainability rules breaches. This led to protests from fans and raised questions about the league’s treatment of smaller clubs compared to the ‘big six.’ The recent civil war over associated party transaction rules, led by Manchester City, further highlighted the flaws in the league’s regulations.
777 Partners, a US investment firm, was once on the brink of owning Everton, but their collapse into bankruptcy revealed a trail of debt and legal issues. The Premier League’s conditional approval of the takeover raised concerns about the league’s oversight and decision-making process. Fortunately, Everton dodged a bullet by not finalizing the deal with 777 Partners, potentially saving themselves from a catastrophic situation.
As Everton moves forward with new ownership and a debt-free future, they can finally focus on building a successful team and enjoying their new stadium. The collapse of 777 Partners serves as a cautionary tale for the Premier League and other clubs, highlighting the importance of thorough vetting and due diligence in ownership deals. Evertonians can now look ahead with optimism, hoping that brighter days are indeed on the horizon for their beloved club.
