Breaking News: 777 Partners face a £300 million lawsuit threat as the Everton takeover plan changes.

According to the Daily Mail, Burnley, Leeds United, and Leicester City have signed a combined letter to 777 Partners threatening to sue for £300 million if Everton is found to have violated Premier League spending guidelines.

A judgement about the claims of rule-breaking is expected to be made later this month, the newspaper reported through their website on October 3 that the proposed takeover by 777 Partners has experienced yet another potential roadblock.

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The three teams involved, according to the Daily Mail article, are upset that the allegations weren’t resolved last season because they think the delay may have helped Everton avoid relegation by preventing a points deduction.

According to reports, the letter was initially intended for the Premier League, who recognized the legal contention and forwarded it to Everton’s potential new owners. This indicates that the League is told about the current situation, is aware of it, and has the potential to affect how the inquiry turns out.

Five teams, including the three mentioned above as well as Southampton and Nottingham Forest, claimed they would be entitled to compensation if Everton were found guilty last year, and those claims have now increased.

This is just another setback for 777 as they prepare for their potential takeover, which has been dogged by skepticism, conflicting assertions, and fear. The worries for Everton supporters will now grow.

The takeover, which would already need 777 to pay off debts accrued by the club, might be derailed by a £300 million legal claim, which would put the group to the test because they now seem to have entered the middle of an ongoing dispute.

 

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