What's happened
Everton's sale to 777 Partners faces uncertainty as the Premier League delays approval amid financial concerns. HSBC-backed Monese is splitting into separate businesses due to mounting losses, while Wagestream secures
£20m in new funding.
Why it matters
The uncertainty surrounding Everton's sale could have significant implications for the club's financial stability and future. Monese's restructuring reflects challenges in the fintech sector, and Wagestream's funding boost highlights the demand for innovative financial services for employees.
What the papers say
The Guardian reports on the delays in Everton's sale to 777 Partners, highlighting concerns over the American firm's ability to secure funding. Sky News covers Monese's decision to split into separate businesses and Wagestream's successful fundraising efforts.
How we got here
Everton's sale to 777 Partners has faced delays and financial scrutiny, jeopardizing the club's stability. Monese's restructuring comes amid financial challenges, while Wagestream's funding aims to support its services for employees.
Common question
More on these topics
-
The Premier League, often referred to as the English Premier League or the EPL outside England, is the top level of the English football league system.
-
Everton Football Club is an English professional football club based in Liverpool that competes in the Premier League, the top tier of English football.
-
Farhad Moshiri is a British-Iranian businessman based in Monaco. He is the chairman and a shareholder of USM, a diversified Russian holding company with significant interests across the metals and mining, telecoms, technology and internet sectors.