Everton: Premier League update emerges in 777 Partners takeover bid at Goodison Park
777 Partners are yet to have a meeting with the Premier League as it looks to complete a takeover at Everton, according to the Daily Mail.
The newspaper reported on page 69 of its print edition on Friday (22 December) that the Toffees have loaned about £105million from the US investment firm since August, but it has insisted that the funding will not continue next month.
It comes after the Belgian side Standard Liege, one of the clubs the company owns, were handed a transfer ban on Thursday (21 December) for failing to meet financial obligations.
Unwelcome
These latest updates on 777 Partners will probably be fairly unwelcome for Everton fans as they raise yet more concerns around the potential takeover at Goodison Park.
The Daily Mail reported on 12 December that the Premier League will not make a decision on whether to approve the deal before the end of this year.
That has posed major issues around the club’s worsening financial situation moving forward as they have become reliant on the American company to pay the bills over the past few months.
There have also been various issues raised about the suitability of 777 to take over the Toffees, with the transfer ban imposed on Standard Liege raising yet more questions.
It just doesn’t seem possible that the group can provide the necessary funding to buy Farhad Moshiri’s shares, complete the new stadium and take on the club’s debts if it can’t meet the financial obligations of other teams it owns.
In other Everton news, Simon Jordan has reacted to a Toffees fan’s billionaire takeover wish.