Journalist: 777 Partners appear to have lied about Everton takeover, process not transparent

David Ornstein provided an update, and Paul Brown feels that the 777 Partners lied

about a crucial part of their proposed takeover of Everton.

On December 22, a journalist for The Athletic stated that although the Financial Conduct Authority

had approved the takeover, the FA still needed to follow suit.

Reporter Brown of Josimar, however, asserts that the 777 Partners seem to be

lying because they had previously informed individuals that they got the approval.

777 were telling people they already had FA clearance.

David now suggests otherwise.

And timing of this new briefing interesting as too late to confirm now with FCA.

That said, trust in regulators low, and process not transparent.

If correct, final, and biggest, hurdle remains PL https://t.co/NuXu7ku2Ty

— Paul Brown (@pbsportswriter) December 22, 2023

“777 were telling people they already had FA clearance,” he tweeted.

David now makes a different suggestion.

It’s also curious that this new briefing is being released at this late hour to confirm with FCA.

Nevertheless, there is little trust in regulators, and the process is opaque.

If accurate, the largest and last obstacle is still PL.

Not perfect

The recent developments around the possible takeover by 777 Partners may have disappointed

Everton supporters because of the ambiguity and contradicting

information surrounding the FA’s clearance.

Confusion is produced by the disparity,

and questions concerning the takeover process’s transparency are raised.

Fans are also irritated by the update’s timeliness because

it seems like it’s too late to get confirmation from the FCA, leaving them in the dark.

The fan base’s uneasiness is heightened by the lack of a defined method and

the evident low level of trust in regulators.

The FCA clearance is a good step,

but it’s important to remember that there are still major obstacles to be cleared,

especially from the Premier League, before the takeover is finalised.

This adds to the uncertainty.

The intricacies behind 777 Partners’ vast worldwide multi-club network demonstrate

the company’s influence in the football world,

but they may also arouse questions regarding the Toffees’ character and

possible course under new management.

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