Prospective new Everton owners 777 Partners are reportedly expected to pay a reduced price for the club if the Toffees receive a points deduction for an alleged breach of the Premier League‘s financial rules.
The US investment firm – who are led by American entrepreneur Josh Wander – agreed a £500million deal to acquire owner Farhad Moshiri’s 94.1 per cent controlling stake last month.
However, the deal is pending approval by the Premier League and the Financial Conduct Authority (FCA), and concerns have been raised regarding the source of 777’s funding.
Elsewhere, Wander has faced criticism for his background in the insurance industry and there are perceptions that his multi-club ownership group – which includes the likes of Standard Liege and Hertha Berlin – prioritise profit over their teams identity and traditions.
Everton’s case over an alleged breach of profitability and sustainability rules is currently being heard by an independent commission after they posted staggering financial losses of almost £372m over a three-year period. This is more than £250m above what the Premier League’s guidelines permits.
Mail Sport had reported on Wednesday how the top flight is pushing for a huge poitns deduction – potentially as much as 12 points – if they are found guilty, meaning Sean Dyche‘s side could be plunged into near-certainties for relegation on minus points.
And, according to The Times, the result of the commission’s hearing – which is expected soon – is likely to impact upon Everton’s prospective takeover.