Fears for Everton as prospective owners 777 Partners’ Brazilian club hit with Fifa transfer ban over late payments
CONCERN over Everton’s prospective new owners have risen once again.
That comes after 777 Partners’ Brazilian club were hit with a transfer ban by Fifa over late payments.
AFP777 Partners, co-owned by Josh Wander, are struggling to fund Vasco da Gama[/caption]
As reported by The Times, Vasco da Gama failed to stump up the cash to three different clubs amid outstanding debts.
Brazilian media outlet Globo claim 777 were due to provide money for Vasco this month.
But it is understood that payment has been delayed.
And now the Rio de Janeiro side are under a transfer embargo preventing them from signing new players.
A Fifa spokesperson 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.”
Elsewhere, 777 also failed to make a payments on time which has put the British Basketball League under threat of “immediate administration”.
The Miami-based private investment firm co-owns the BBL but there are cash-flow struggles as well as discrepancies relating to the registered personnel on Companies House.
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But it is the news about Vasco da Gama that will no doubt create further fears regarding Everton’s possible takeover.
Current Toffees owner Farhad Moshiri confirmed he had reached an agreement to sell the club to 777 on September 15.
Reports suggested the deal could be worth a staggering £500million.
However, the Premier League could still block the takeover through the owners’ and directors’ ‘fit-and-proper’ test – and the investigations could take months.
But with the deal in jeopardy, SunSport revealed Moshiri has devised a back-up plan to accept the money in instalments.
And that could even see 777 take over at Goodison Park without putting down ANY hard cash.
PAFarhad Moshiri announced he had struck a deal with 777 Partners[/caption]
