Everton: 777 Partners work to complete Premier League criteria for takeover
Sources have shared that 777 Partners are working to complete criteria set by the Premier League to finalise its Everton takeover in April, via the Liverpool Echo
777 Partners’ takeover deal to buy a 94.1% stake in the club has been conditionally approved based on numerous conditions, including repaying existing creditors.
As things stand, though, they are no closer to completing the buyout of Farhad Moshiri’s majority share at Goodison Park.
Everton wait for takeover continues as new financial charges loom
During a week in which the club has filed its accounts – which weren’t pretty – for 2022-23, 777 Partners completing their takeover would have provided some welcome relief and clarity, as the club fights relegation on the pitch and financial breaches off it.
777 being handed a new blow by USA regulators not only delays the completion of their buyout on Merseyside but casts doubt on whether they’ll even get the chance to do so.
US state authorities pressing five insurance companies to distance themselves from the group is not a good look, and despite saying to the Liverpool Echo that they have the capital to complete an immediate takeover, the Premier League’s criteria may disagree.
Amidst a season of points deductions and off-field turmoil – with the potential of another being in the post by the end of this week – Everton’s long wait for a steady hand in the boardroom shows no signs of slowing.
In other Everton news, former striker Gary Lineker believes the Toffees have what it takes to survive this season’s fight against relegation.
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