https://www.amazon.com/dp/B0CS3W61MH
HomeFootballUS investigates Everton takeover buyers over money laundering claims
FootballPremier LeagueScams and fraud

US investigates Everton takeover buyers over money laundering claims

By: News Disk

Date:

https://www.amazon.com/dp/B0CS3W61MH

US Department of Justice Investigation Threatens £550m Everton Takeover by 777 Partners

Introduction

An investigation conducted by Nicolas Roos, an assistant attorney in the Southern District of New York, could potentially derail the planned £550m takeover of Everton Football Club by 777 Partners. Roos is reportedly looking into money-laundering allegations against the Miami-based company.

Everton's buy-out could now be uncertain

Everton’s buy-out could now be uncertain
Credit: Getty

Potential Threat to the Takeover

Despite 777 Partners vehemently denying all allegations, the initiation of a formal investigation could give Premier League authorities the grounds to block the takeover deal. In March, the top-flight clubs unanimously introduced new rules that grant the League the power to prevent individuals who are under investigation for conduct that would result in a “Disqualifying Event” from becoming club owners. Such events now include violence, corruption, fraud, and tax evasion.

The Sale Timeline

Back in September, Farhad Moshiri agreed to sell his 94% stake in Everton to 777 Partners. The initial 12-week timeline for the completion of the sale has now expired. However, prior to news of the US investigation, Everton remained optimistic that the deal could still be finalized by Christmas.

Owners and Directors’ Test

The Premier League is currently subjecting 777 Partners co-owners Josh Wander and Steven Pasko to the Owners and Directors’ Test. This test evaluates the suitability of individuals to own or direct a football club.

Additional Challenges for Everton

On top of the potential takeover setback, Everton is already facing difficulties after being deducted 10 points for a single breach of Premier League financial rules. As a result, Sean Dyche’s team will enter their upcoming home match against Newcastle in the relegation zone. However, Everton managed to secure their first win since the points deduction with Dwight McNeil’s impressive goal against Nottingham Forest.

Conclusion

The US Department of Justice investigation into money-laundering allegations against 777 Partners poses a significant threat to the planned £550m takeover of Everton Football Club. Premier League authorities now have the power to block the deal based on the new rules introduced by top-flight clubs. As Everton awaits the outcome of the investigation, they also face challenges on the field with their recent points deduction.

READ MORE FOOTBALL NEWS

FREE BETS – BEST BETTING OFFERS & NEW CUSTOMER BONUSES

https://www.amazon.com/dp/B0CS3W61MH
https://www.amazon.com/dp/B0CS3W61MH

Related articles:

Kompany points finger at Klopp for touchline ban in Arsenal clash

Football 0
"Kompany blames Klopp for touchline ban in Arsenal clash | Controversy sparks debate on referee decisions in football | Liverpool secures important win to reclaim Premier League top spot | Intense emotions and tensions on the touchline examined"

“Insights from Klopp’s Post-Burnley Press Conference: 4 Vital Takeaways”

Burnley 0
Discover the key takeaways from Jurgen Klopp's post-Burnley press conference, including Liverpool's fight and character, the extent of Trent Alexander-Arnold's knee injury, and the impressive performance of Curtis Jones. Get valuable insights into Liverpool's challenges and their plans for the next game.

De Bruyne’s Impact on Haaland: Analyzing the Unlocking of a ‘Frustrated’ Talent

Football 0
Discover the impact of Kevin de Bruyne on Erling Haaland's performance in a recent match against Everton. Read how De Bruyne's introduction from the bench transformed the game and unlocked Haaland's full potential. Explore the potential of their partnership and the exciting future it holds.

Ancelotti Praises ‘Incredible’ England Star Bellingham, Drawing Comparisons to Madrid Legend

Football 0
Discover how Real Madrid's young midfielder, Jude Bellingham, is receiving high praise from his manager Carlo Ancelotti. Ancelotti compares Bellingham's incredible skills and goal-scoring ability to that of Madrid legend Zinedine Zidane. With Bellingham's impressive performances and remarkable goal-scoring record, he is quickly establishing himself as one of the best players in world football. Don't miss out on witnessing Bellingham's rise to stardom and potential to follow in Zidane's footsteps. Read more about his recent achievements and off-field acts of kindness that make him a beloved figure both on and off the pitch.

Real Madrid Dominates Girona with Bellingham’s Outstanding Performance

Football 0
Discover Real Madrid's dominant performance against Girona as they secure a convincing 4-0 victory, extending their unbeaten run in La Liga. Jude Bellingham's outstanding performance, including two goals and record-breaking achievements, steals the spotlight. Despite an ankle injury, Bellingham's impact on the team remains immense. With Madrid's unbeaten streak and Bellingham's remarkable contributions, they are emerging as strong title contenders. Stay updated on their upcoming fixtures and the team's quest for success in domestic and European competitions.

Latest News:

Crystal Palace Interested in Steve Cooper as Manager with Gareth Southgate as a Potential Option

Football 0
Looking for a new manager, Crystal Palace is considering Steve Cooper and even Gareth Southgate. With Roy Hodgson's future uncertain, the team hopes to find a long-term solution to their struggles. Find out more about the potential options and the team's recent challenges in this article.

Phil Parkinson’s Resilience: Why Losing Streaks Won’t Deter Him at Wrexham

Sports News 0
Discover how Phil Parkinson's resilience and track record make him the perfect manager to guide Wrexham through their recent losing streak. Despite three consecutive defeats, Parkinson remains determined, with the team only two points away from automatic promotion. Learn about the signs of improvement in their recent match and the unwavering support from the club's owners, Rob McElhenney and Ryan Reynolds. Get insights into Parkinson's past achievements and why Wrexham fans should take comfort in his ability to handle difficult situations. With Parkinson's experience and a talented squad, there is no doubt that Wrexham will bounce back and continue their push for promotion.

Kompany points finger at Klopp for touchline ban in Arsenal clash

Football 0
"Kompany blames Klopp for touchline ban in Arsenal clash | Controversy sparks debate on referee decisions in football | Liverpool secures important win to reclaim Premier League top spot | Intense emotions and tensions on the touchline examined"

Ivan Toney’s Response to Thomas Frank Hinting at His Potential Sale by Brentford

Arsenal FC 0
Ivan Toney of Brentford responds humorously to his manager's hint at a potential sale, showcasing his impressive performance in their victory over Wolves. Despite speculation surrounding his future, Toney remains focused on scoring goals and letting events unfold naturally. This victory marks a significant moment for Brentford, solidifying their position and emphasizing the importance of a clean sheet. Toney's performance further solidifies his status as one of the top Premier League strikers, leaving fans curious about which "top team" will secure his services in the upcoming transfer window. Stay updated with more stories like this on our sport page. Follow Metro Sport on Facebook, Twitter, and Instagram for the latest news.

“Insights from Klopp’s Post-Burnley Press Conference: 4 Vital Takeaways”

Burnley 0
Discover the key takeaways from Jurgen Klopp's post-Burnley press conference, including Liverpool's fight and character, the extent of Trent Alexander-Arnold's knee injury, and the impressive performance of Curtis Jones. Get valuable insights into Liverpool's challenges and their plans for the next game.

© G3.Football