Everton takeover: 777 Partners say they can pay £158m MSP loan back in new update
777 Partners have now said that they can pay back the £158million loan to MSP Capital in a new Everton takeover twist, according to the BBC.
Shamoon Hafez has reported that the American investment group, which agreed on a deal with Farhad Moshiri in September, will be able to fund the loan owed to MSP through its balance sheet or with the help of third-party investors after an extension was recently agreed.
The loan, taken out by Moshiri as part of the budget to complete Everton’s new Bramley-Moore Dock Stadium, has proven to be a major hurdle in 777’s attempts to have its takeover ratified by the Premier League.
777 Partners move a step closer to completing Everton takeover
Everton have undergone a season of uncertainty both on and off the pitch, with 777 Partners’ long, drawn-out takeover saga often being closer to the back pages than the relegation dogfight Sean Dyche’s side find themselves in.
News that 777 could finally be on the verge of becoming the club’s new owner does provide some much-needed stability for the squad and backroom staff but will do little to reverse the club’s immediate fortunes on the pitch.
The Toffees’ financial mismanagement under Moshiri has seen them saddled with two separate points deductions this season, with the eight (reduced from a possible 12) wiped off their tally leaving Everton with a real possibility of slipping through the trapdoor.
The loan being repaid will remove a significant hurdle in getting this takeover over the line, but until that is officially confirmed, it is hard to believe anything that is said.
In other Everton news, Nathan Patterson is awaiting the results of a scan as he sweats on his injury
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