Everton: 777 Partners receive ‘significant’ financial boost as ‘big development’ emerges
777 Partners has likely raised “significant funds” as the American investment fund moves closer to completing its takeover of Everton, according to journalist Paul Brown.
The US backers last week reached an agreement with owner Farhad Moshiri for 94.1% of his stake in the club, which must now be ratified by the Premier League.
In an update provided on Twitter on Wednesday evening [20 September], Everton blogger ‘The Esk’ reported that neither MSP Sports Capital nor R&MF have any objections to 777 Partners’ transaction with regards to their loans being repaid.
Replying to that development, investigative reporter Brown said: “A big development, and one that probably signals 777 have been able to raise significant funds from somewhere.
“Whether it’s enough remains to be seen. Will they communicate with fans now and be open about source of funding? We shall see.”
A secure future
As ever when it comes to Everton, this takeover will not be straightforward.
Since last week’s announcement, there has already been contrasting reports with regards to exactly where 777 Sports currently stands.
In wake of these latest updates, though, it is certainly looking as though 777 has the financial clout to appease MSP, Moshiri and Co.
From where exactly the funds have been raised is another question, and it may well be that supporters never actually get an answer to that.
A takeover could still be months off, but it certainly seems to be moving along at some speed.
Either way, let’s just hope for a financially secure future for the club.
In other Everton news, a summer signing has opened up on the transfer saga that saw him finally arrive at Goodison Park.