Everton, despite their brilliant on-field efforts and a good run of games, find themselves in the pits of administrative irregularities, with more deduction of points suspected. The Toffees were recently stripped off of ten points in the Premier League, which left them hanging in the relegation zone despite having a decent season.
Everton currently sit on 17th in the Premier League table, which, without the deduction, could have been 9th. However, the problems seem to be sticking along for the Toffees as there are problems with their expected takeover adding to reports of more deductions impending for the Merseyside Blues.
Will Everton get further points deduction?
Everton have been hit with more administration problems, after their hefty fine last season, and their ten-point deduction this season. Now, with uncertainty in their takeover scenario, they stand in front of more deduction of points.
The Premier League has reportedly told 777Partners, the Merseyside Blues’ potential buyers, that their acquisition is unlikely to be authorized before the end of the year, which might result in Everton entering administration the following month.
The American private equity have already pumped a lot of money necessary into the Toffees since the parties reached an agreement to acquire the club. However, the potential owners are reluctant to keep the bankrolls flowing if the takeover process is not concluded by the end of the year.
Without 777’s money, the club will not be able to pay the bare minimum running expenses and become insolvent, which might result in bankruptcy and a nine-point loss on top of the ten points already deducted.
Everton takeover scenario
Everton fans have been on their knees wishing for the proposed takeover of 777 to be completed as soon as possible so that all the off field problems die down. However, the whole process cannot be rushed into, as there are a lot of complications and scrutinization.Â
Due to the complicated nature of 777’s resources and business structure, which includes over 60 companies in various sectors, the Premier League is having a hard time assessing it. The league administration is working tirelessly to find out where 777’s funds stem from and if it’s sufficient while also looking into lawsuits and disputes that have been made against the companies in the US.
It is believed that the Premier League is hesitant to dock Everton of more points as it would knock the Toffees back into the bottom three. They do not, however, worry that it will force to hasten the procedure for due diligence as they view the challenge at hand to be intricate and difficult.
Have the punishments towards Everton been too harsh on the club? Let us know what you think about it in the comment section.
