Moshiri agreed to sell hjs majority shareholding in Everton to Miami-based firm 777 Partners seven months ago
Farhad Moshiri is ‘continuing to work towards completion’ with 777 Partners for the sale of Everton, despite discussions with alternative funding sources having been explored.
A breakthrough looked to have been reached last month when the Premier League granted ‘conditional approval’ to the deal on the proviso that 777 met four conditions.
On Monday a Bloomberg report claimed that Everton’s financial advisor Deloitte had been tasked with finding alternative avenues of funding, while a New York Times report went one step further by suggesting that a new buyer was being sought altogether. Ever since the deal to acquire Everton was announced, 777 has come under significant scrutiny as to its financial practices abroad, as well as its track record with the multitude of other international football clubs it owns, which includes Standard Liege, Red Star Paris, Genoa, Hertha Berlin, Vasco da Gama, and Melbourne Victory. Proof of funds for the deal has been a consistent sticking point for the Premier League.
Josh Wander 777 Partners Farhad Moshiri
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 update as chief explains 777 Partners and Moshiri silence777 Partners 'has taken longer than any of us anticipated' admits Everton interim chief executive Colin Chong following a trio of letters sent this week by the Fan Advisory Board
Read more »
Farhad Moshiri issues update on 777 Partners takeover of EvertonFarhad Moshiri and Josh Wander responded to letters seeking clarity over the future of Everton from the Fan Advisory Board
Read more »
Everton takeover: Supporters call for answers from Moshiri, 777 and EPLThe Everton Fan Advisory Board want answers from Farhad Moshiri, the Premier League and 777 Partners
Read more »
Everton takeover: Keith Wyness praises 777 Partners as ‘incredible’ new details emergeThe inside track on the football stories that matter
Read more »
Everton borrow yet more money from 777 Partners to cover wages and stadium costsEverton could also hear the verdict of their second alleged FFP breach as early as next week
Read more »
Everton borrow more money from 777 Partners to cover wages and stadium costsEverton could also hear the verdict of their second alleged breach as early as next week
Read more »