Prospective Everton owners have been cited in a legal complaint filed with the Supreme Court in New York
Last week saw potential new Everton owners 777 Partners have a face-to-face meeting with the Premier League in relation to the investment firm’s ongoing attempts to acquire the football club.
READ MORE: 'It's tight' - Sean Dyche explains Ben Godfrey selection decision as Everton face new dilemmaThe process has yet to reach a conclusion despite the process now having dragged on some six months, well over the 12 weeks that had been hoped for at the start of proceedings. Another month passes and the club moves closer to another cliff edge in terms of requiring more funding, and with Moshiri seemingly having all but checked out on that front, 777 is unlikely to meet those costs without some kind of security of a decision. Back in December, the ECHO were told by sources that the company would not fund the shortfall ‘indefinitely’.
The complaint stems from the collateral that 777 offered up to get the loan in 2020, which was shares in an insurance company in the company’s portfolio of assets. As outlined in the documents, which the ECHO has seen, Obra are seeking the money owed, interest, legal fees, as well as “punitive damages.”
The filing also goes on to list the multitude of other ongoing legal cases over alleged unpaid debts, which the filing claims come to around $47m.
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