Everton Buyers 777 Partners Implement Major Staff Cost-Cutting Measures And Make Redundancies In Their London And Miami Offices… As Toffees’ Takeover Stalls Amid Premier League Scrutiny

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Everton Buyers 777 Partners Implement Major Staff Cost-Cutting Measures And Make Redundancies In Their London And Miami Offices… As Toffees' Takeover Stalls Amid Premier League Scrutiny

It was learned there have been redundancies in both 777’s London and Miami offices recently, while the American investment company’s chief financial officer Damian Alfalla has resigned.

777 have been frustrated by the length of time it is taking the Premier League to conduct due diligence on their offer to buy Everton having agreed a sale with current owner Farhad Moshiri last September.

The Premier League have been scrutinising the Everton deal for almost five months in stark contrast to other recent takeovers.

The Todd Boehly/Clearlake Capital purchase of Chelsea two years ago was approved in under four weeks, although given Roman Abramovich was forced to sell by the government following Russia’s invasion of Ukraine the circumstances were exceptional, while Sir Jim Ratcliffe’s £1.25billion investment in Manchester United was approved in six weeks.

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