777 Partners have begun a “major” staff cost-cutting programme in their offices in Miami and London, as frustrations continue to grow over their Everton takeover stalling, according to Matt Hughes.

The Daily Mail journalist reported via their website on 18 February that, following the resignation of the company’s chief financial officer, they are aiming to reduce the headcount across their business by around five per cent.

This has come amid growing frustration at 777 due to the time taken by the Premier League to grant permission for their takeover of Everton to go ahead.

777 Partners Everton takeover delays continue at Goodison Park

Sudden budget and staff cuts at 777 companies will surely raise yet another red flag at Everton, adding to the long list of concerns which have been highlighted since the talks over a potential takeover began with Farhad Moshiri.

The continued delays surrounding the takeover have been explained by Premier League CEO Richard Masters, who hinted the relevant documents had not all been shared by 777, and the league have now asked for further proof of funds from the group.

It is also reiterated in the Daily Mail article that the continued delays are proving expensive for 777, who are said to have invested almost £200million into the club already as they anticipate their potential takeover.

This news comes shortly after The Esk insisted there was no alternative but for the Premier League to block the takeover after the group suffered another credit score downgrade with their main funding company.

It is not looking good right now.

In other Everton news, Robbie Savage made a new relegation prediction live on air.

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