Everton takeover news as Esk issues £2.36bn verdict amid 777 Partners and A-Cap saga

The Esk claims that the final assets A-Cap are to recapture from 777 Partners are not likely to be the loans to Everton.

The Miami-based investing firm have pumped money into the Toffees but are unlikely to complete the takeover of the club.

777 are understood to have a $3million (£2.36billion exposure) to A-Cap, a seeding company that has lent money to them.

Via Twitter, The Esk wrote: “Our debt to 777/A-Cap is minor to the estimated $3bn exposure A-Cap have to 777.”

Everton need to distance themselves from 777 Partners amid takeover chaos

The sooner the Toffees can sever ties with 777 Partners, the better for the club due to 777’s chequered past.

The Miami-based investment firm has been embroiled in several controversies and financial troubles, casting doubt on their ability to support Everton effectively.

Their acquisition of various football clubs has been met with scepticism due to their questionable financial practices and lack of transparency.

The lawsuit accusing 777 of fraud worth hundreds of millions of dollars further highlights the potential risks associated with their involvement with the Merseyside club. The club’s shareholders have also expressed concerns about the lack of respect shown by both 777 and the Premier League during the takeover process.

Given 777’s history of financial mismanagement and the negative impact on other clubs in their portfolio, the Toffees would be wise to distance itself from this partnership to avoid further complications and potential harm to the club’s future.