Everton takeover: Regulatory process to allow 777 Partners to take ownership well under way and progressing

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Everton takeover: Regulatory process to allow 777 Partners to take ownership well under way and progressing
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The Miami-based company agreed a deal with Evertons majority shareholder Farhad Moshiri last week and they are moving quickly to get the deal done

Sky Sports News reporter Alan Myers said:"I think what 777 will bring is a serious business sense to the club.The Athletics' David Ornstein discusses Everton’s 'sizeable loan' from 777 partners following takeover agreement.

Sky Sports News explains the latest on the potential takeover of Everton. Who are the 777 group, what is their history and when might the takeover happen?Farhad Moshiri's decision to opt to sell his whole shareholding in Everton, which he has held since 2018, may have come as a bit of a surprise to some but the Monaco-based businessman has clearly concluded that it is in the best interests of the club and its future.

As the failed deal with MSP Sports Capital suggested, initially the model was to bring in that investment whilst retaining a good part of the club.

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