Accusations of double-pledging, forged documents and a scheme on the brink of collapse - Everton FC correspondent Joe Thomas offers an overview of the claims filed against the group, which is struggling to complete its takeover of the club
The US investment group attempting to complete a takeover of Everton has been accused of running a complex “pattern of fraud” to the tune of hundreds of millions of pounds.
POST-MATCH INTERVIEWS: 'No-one cared about Everton' - Sean Dyche gives blunt verdict on Premier League relegation battle It is said: “ACAP is the puppeteer to the 777 Partners’ marionette, and nothing happens at 777 Partners - even execution of a last-minute restructuring agreement to repay uncontested debt and stave off this very litigation - without ACAP’s approval. ACAP is the financial engine behind the scenes which provides last-minute loans and investments in ‘Whac-A-Mole’ fashion to 777 Partners in order to make the enterprise appear solvent to outside lenders and investors.
The timeline set out by Leadenhall suggests its probe into 777 Partners began to yield results before the takeover deal with Everton was signed in September of last year - meaning efforts to acquire the club continued amid this scrutiny.The allegations are significant for Everton.
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