According to UK financial media outlet CityAM, US firm 777 Partners wants to
acquire (a company)
Everton soccer team
's program is mired in fraud allegations.
Reports suggest that the previous owners of Standard Liege FC have filed a legal action against 777 Partners for failing to receive the second installment of the money promised by 777 Partners. This lawsuit could see 777 Partners lose all of their assets in Belgium, which raises questions about their ability to acquire Everton.
The incident has raised questions about whether the Premier League will approve Farhad Moshiri's sale of his 94.1% stake in Everton to 777 Partners. Everton are under significant financial pressure and are already seeking professional advice on the potential risk of insolvency.
Over the weekend, asset management firm Leadnhall accused 777 Partners of fraud, claiming they used $350 million in funds that may not actually exist or belong to them.
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