Everton Football Club is facing a tumultuous time, both on and off the pitch. Due to financial irregularities, the team has been docked points this season, putting them in a precarious position in the Premier League. The club’s financial struggles have led to talks of bankruptcy, which could result in a further nine-point deduction, according to The Sun. This would be a devastating blow to the team and its fans, who are already anxious about the club’s future.
The financial woes are a result of the club’s owner, Farhad Moshiri, and his financial backers, 777 Partners, experiencing significant financial difficulties. 777 Partners have invested Β£200 million in the club, but their financial troubles, including the bankruptcy of their Australian airline Bonza, have put the club’s future in jeopardy. The US insurance company A-Cap has severed ties with 777 Partners, further complicating the situation.
Despite the off-field troubles, the team has shown remarkable resilience on the pitch, winning three consecutive games to move 11 points clear of the relegation zone. However, the threat of bankruptcy and further point deductions still looms large. The club’s CEO, Colin Chong, is seeking additional funding from external sources, while Moshiri explores potential buyers for the club.
The situation is dire,
