777 Partners are also understood to have missed payments to advisors and suppliers
The investment firm attempting to purchase Everton has seen one of its businesses fall into voluntary administration, with the company also understood to have failed to pay various advisors and suppliers.
READ MORE: Inside Everton's perfect week as frank Sean Dyche talks and surreal messages spark turnaroundIn April, AIP Capital announced the formation of a new holding company to lease aircraft, Phoenix Aviation Capital, with PAC at the time that they had reached “a definitive agreement to acquire the rights, interests and obligations of a portfolio of 30 737-8 aircraft from 777 Partners”
It is the latest setback to hit 777 Partners, who last month were granted ‘conditional approval’ to acquire Everton provided that they could meet four requirements. 777 Partners had been providing funding to Everton for working capital, to the tune of around £200m, since the turn of the year. That money was to allow for the club to meet construction costs on the new stadium build at Bramley Moore Dock, as well as payroll obligations. Investigative website Josimar claims that the latest tranche of funding has not been forthcoming.
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