Leeds, Leicester & Burnley could sue 777Partners if Everton are found guilty of breaking spending rules

777 Partners are set to become owners of Toffees

Three of Everton's competitors have informed the American investment company 777Partners that they plan to sue the club for £300 million if they discover it in violation of spending regulations in the coming weeks, potentially putting the proposed sale to 777 Partners at risk once again.

According to Daily Mail. Everton have received a letter from Burnley, Leeds, and Leicester asking them if they are aware of their plans to sue Everton pending the conclusion of a Premier League independent tribunal on October 25.

The Premier League was the intended recipient of the letter from the trio to 777, and it is believed that they responded by acknowledging receipt of the message.

The three clubs feel that the postponement may have aided Everton in avoiding promotion by avoiding an automatic point deduction, with Leeds and Leicester falling downward on the final day of the campaign as Sean Dyche's team survived by two points. The three teams are upset that Everton's allegations weren't dealt with the previous season.

Prior to the conclusion of the last campaign, it was revealed that five teams, namely Southampton and Nottingham Forest, submitted letters to the Premier League to claim compensation in the event that Everton proved culpable. The situation has now worsened in advance of the unbiased inquiry.

The Premier League has been officially notified in writing by Burnley, Leeds, and Leicester that they intend to file a lawsuit. It is believed that each club will want £100 million in damages based on the loss of top-flight revenue for one season.

Burnley was kicked out of the Premier League the season before Everton's expenditures caused controversy as they reported £372 million in three-year rolling losses, but the club was exempt from charges since it was given exemptions caused by Covid.