“777 Partners’ Face-to-Face Premier League Talks: Everton Takeover Update
According to sources familiar with the matter, Sportvibes.co.uk, potential new owners of Everton, are preparing to engage in direct discussions with the Premier League in the upcoming days. The US-based consortium has been eagerly anticipating approval for the takeover since September, when they finalized a £500 million agreement to acquire Farhad Moshiri’s controlling interest in the club.
The Premier League has expressed concerns regarding the funding source of 777 Partners, leading to a delay in their ultimate decision.
The Premier League has reportedly requested 777 Partners to furnish evidence demonstrating their capability to financially support Everton for the subsequent three years. Since September, 777 Partners have extended almost £200 million in loans to Everton, aiding with operational expenses and stadium construction fees.
Everton Takeover Set for Final Decision with Face-to-Face Talks Scheduled
As reported by Football Insider, 777 Partners intend to promptly withdraw their loans from Everton in the event of their takeover bid being rejected.
The Premier League is under pressure to make a decisive move regarding the takeover deal, especially with Everton currently grappling with financial challenges. Meanwhile, other US investors are closely monitoring the situation and are ready to engage in discussions with Moshiri if 777Partners’ bid is turned down.
Earlier this season, the Toffees successfully appealed against their points deduction, which was reduced from 10 points to six. However, they are still awaiting the outcome of their second PSR charge and a final decision on their takeover deal.
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