Belgian authorities have provisionally seized assets from 777 Partners, with the Americans left for little room for manoeuvre as they try to finalise their deal for Everton.
That’s according to journalist Sacha Tavolieri, who covers what’s going on at Standard Liege as the 777 empire continues to crumble.
The American group have been trying to take over at Everton for the best part of a year but are yet to receive Premier League approval amid doubts about their ability to fund the purchase from Farhad Moshiri.
The last few weeks have seen that takeover hit the rocks, though, as a lawsuit for alleged fraud filed in America has seen the 777 empire start to collapse.
Questions have been raised about their ownership of Vasco de Gama while they’ve faced a challenge from the former owners of Standard Liege in Belgium over unpaid debts relating to their takeover of that club.
Tavolieri now provides the latest update, explaining that 777 Partners’ assets, alongside the possessions of Standard Liege, have been put under a ‘protective seizure’ by the courts in Belgium.
They’ve temporarily sided with the former Standard owner Bruno Venanzi and the current shareholders at the Belgian club, who are the owners of the stadium, who have filed against the American group.
The decision has left 777 with ‘little room for manoeuvre’ on the matter and all signs point towards Standard Liege being taken from them.
What that means for Everton, remains to be seen. Moshiri has granted the group an extension to their efforts until the end of the month, but this latest incident hardly makes them more suitable buyers.
🇺🇸 Comme expliqué mardi ci-dessous, on sait maintenant pourquoi les comptes du club ont été gelés ⤵️
🧑⚖️ Ce jeudi, Les comptes du Standard de Liège ainsi que toutes les possessions de 777 Partners en Belgique sont dans les mains de la justice qui a ordonné une saisie conservatoire… https://t.co/IDzHmPXujA pic.twitter.com/UrnPek0v3J— Sacha Tavolieri (@sachatavolieri) May 16, 2024
