{"id":301068,"date":"2023-12-20T13:24:21","date_gmt":"2023-12-20T13:24:21","guid":{"rendered":"https:\/\/allmysportsnews.com\/?p=301068"},"modified":"2023-12-20T13:24:21","modified_gmt":"2023-12-20T13:24:21","slug":"more-scrutiny-for-everton-buyers-777-after-top-sports-agency-cuts-ties","status":"publish","type":"post","link":"https:\/\/allmysportsnews.com\/soccer\/more-scrutiny-for-everton-buyers-777-after-top-sports-agency-cuts-ties\/","title":{"rendered":"More scrutiny for Everton buyers 777 after top sports agency cuts ties"},"content":{"rendered":"<h1><span>EXCLUSIVE<\/span> Everton&#8217;s prospective new American owners 777 Partners are hit with fresh scrutiny as top British sports agency cuts ties over a &#8216;breakdown of the business relationship&#8217;<\/h1>\n<ul>\n<li><strong>Current owner Farhad Moshiri announced the impending deal in September\u00a0<\/strong><\/li>\n<li><strong>Redstrike was one of the American investment group&#8217;s leading UK partners\u00a0<\/strong><\/li>\n<li><strong>REVEALED on It&#8217;s All Kicking Off: Man United&#8217;s January transfer window plans\u2026 and how the Sir Jim Ratcliffe takeover will impact them<\/strong><\/li>\n<\/ul>\n<p>Everton&#8217;s\u00a0would-be buyers 777 Partners face fresh questions after a top British-based sports agency dramatically cut ties with them citing a \u2018breakdown of the business relationship\u2019.<\/p>\n<p>777 are currently awaiting Premier League approval to take over the Toffees having agreed terms with owner Farhad Moshiri in September.<\/p>\n<p>However, the US investment group have suffered a blow after one of their leading UK partners, sports marketing powerhouse Redstrike, pulled the plug on a joint venture they founded only last year.<\/p>\n<p>It casts a further cloud over 777\u2019s business dealings at a critical time of the takeover process, with the Premier League still scrutinising the source and sufficiency of their funds.<\/p>\n<p>The private equity firm first linked up with Redstrike \u2013 who are involved in several sports organisations globally and are run by ex-Manchester United international managing director Mike Farnan &#8211; in 2021 over a proposal to fund a Formula One race in east London.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/12\/20\/12\/79168203-12885393-image-a-2_1703074051393.jpg\" height=\"432\" width=\"634\"><\/p>\n<p>Everton&#8217;s would-be buyers 777 Partners have been hit with fresh scrutiny after leading agency Redstrike cut ties (co-founder Josh Wander pictured left)\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/12\/20\/12\/79168207-12885393-Current_Toffees_owner_Farhad_Moshiri_right_announced_the_deal_in-a-6_1703076001755.jpg\" height=\"425\" width=\"634\"><\/p>\n<p>Current Toffees owner Farhad Moshiri (right) announced the deal in September of this year<\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>A year later, they entered into a joint venture and formed a new company, Redstrike Partners Limited, with 777 chief Josh Wander listed on Companies House as the sole shareholder.<\/p>\n<p>However, Mail Sport understands that Redstrike have now written to a number of football stakeholders to make it be known they are no longer linked with 777.<\/p>\n<p>While the letter does not divulge the details of the fall-out, it states they are cutting ties with \u2018immediate effect\u2019 and adds: \u2018Redstrike cites a breakdown of the business relationship between it and 777.\u2019<\/p>\n<p>Mail Sport previously reported how 777 were accused of missing payments to the British Basketball League, which they own a 45 per cent stake in. Brazilian team Vasco De Gama &#8211; who are among the company\u2019s portfolio of football clubs \u2013 have also missed scheduled transfer payments.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/12\/20\/12\/79168205-12885393-Wander_previously_hit_out_at_misleading_reports_after_proposed_E-a-4_1703076001628.jpg\" height=\"425\" width=\"634\"><\/p>\n<p>Wander previously hit out at &#8216;misleading reports&#8217; after proposed Everton deal was annouced<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span>It&#8217;s All Kicking Off\u00a0is an exciting new podcast from Mail Sport that promises a different take on Premier League football, with a show every Monday and Thursday this season.<\/span><\/p>\n<p><span>It is available on MailOnline, Mail+, YouTube , Apple Music and Spotify<\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/12\/20\/12\/79168219-12885393-777_club_Brazilian_side_Vasco_De_Gama_have_also_seen_scheduled_t-a-5_1703076001629.jpg\" height=\"425\" width=\"634\"><\/p>\n<p>777 club Brazilian side Vasco De Gama have also seen scheduled transfer payments missed\u00a0<\/p>\n<p>777 have loaned Everton over \u00a3100million for operating costs since agreeing a deal to buy the club in the autumn and had hoped to have completed their takeover by now.<\/p>\n<p>However, the Premier League have indicated to them that they are still some way from completing their due diligence.<\/p>\n<p>The complexity of 777\u2019s finances and corporate structure, with over 60 companies involved, is understood to be proving challenging for top-flight bosses to assess.<\/p>\n<p>777 and Redstrike declined to comment.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12885393\/Everton-prospective-owners-777-fresh-scrutiny-British-sports-agency-cuts-ties-breakdown-Premier-League.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE Everton&#8217;s prospective new American owners 777 Partners are hit with fresh scrutiny as top British sports agency cuts ties [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":301067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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