Club insiders believe the takeover still remains 'unlikely' given the controversy surrounding its prospective owners at the moment
Club insiders believe the takeover still remains 'unlikely' given the controversy surrounding its prospective owners at the moment– but the club have confirmed for the first time plans are in place to progress “alternative scenarios” if the buyout collapses.In theory that gives 777 – who are beset by legal troubles and called in a debt restructuring adviser last week – another fortnight to try and satisfy the conditions placed on them by the Premier League in order to pass the deal.
“A share purchase agreement is currently in place, which gives 777 Partners the opportunity to acquire a majority shareholding in the club and this lasts until 31 May,” it read. “777 Partners has so far made loans to the club of $200m, which includes a $10m payment, to support the new stadium build, which was received this week.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Everton takeover: 777 Partners ‘not out of the picture’The inside track on the football stories that matter
Read more »
Everton: 777 Partners call in finance experts as takeover uncertainty growsThe prospective buyers of Everton, 777 Partners, engage finance restructuring experts, casting further doubts over their takeover.
Read more »
Sean Dyche reveals grim Everton transfer reality with 777 Partners on brinkIf a takeover of Everton does not take place then the club would have to find player solutions from within warns Sean Dyche
Read more »
MSP Sports Capital consider Everton takeover return with 777 Partners on brinkFarhad Moshiri is understood to be ready to break off from 777 Partners seven months on from deal being agreed
Read more »
Everton supporters make new 777 Partners demand after Farhad Moshiri talksFarhad Moshiri has been told by the Everton Fan Advisory Board to allow other bidders to be offered the opportunity to buy the club given ongoing wait for 777 Partners to gain approval for their takeover
Read more »
Farhad Moshiri and 777 Partners hold talks as Everton takeover concerns growThe Everton owner met with the prospective owners 777 in London this week
Read more »