The £550m takeover of Everton by 777 partners is in doubt, as US Department of Justice is investigating money laundering allegations against the company. Outcome of the reported investigation could lead to the Premier League blocking the deal under new rules introduced in March. The investigation is a huge development as the Premier League now has the authority to prevent potential club owners under investigation for conduct constituting a ‘Disqualifying Event’ from completing a takeover. Such events include violence, corruption, fraud, and tax evasion. 
Everton acquisition by 777 Partners in doubt – Getty image Recall that Everton’s majority shareholder, Farhad Moshiri, agreed in September to sell his 94% stake to 777 Partners. The initial 12-week timeline for completing the sale has lapsed, but Everton was optimistic about finalizing the deal by Christmas before news of the US investigation emerged. The Premier League is currently subjecting 777 Partners co-owners, Josh Wander and Steven Pasko, to the Owners and Directors’ Test. Meanwhile, Everton are already dealing with the repercussions of a ten-point deduction for a single breach of Premier League financial rules, placing them in the relegation zone. Despite this setback, Everton secured their first victory since the points penalty with a 1-0 win against Nottingham Forest on Sunday.
