Everton takeover: 777 Partners deal ‘effectively dead’ as new favourite to buy Toffees emerges.
TEAMtalk sources have confirmed that Everton’s takeover by 777 Partners is close to collapse and other potential investors are aware of the situation.
The American firm have been given until the end of May to complete the takeover by majority shareholder Farhad Moshiri as per their initial agreement, but he is actively looking for other potential buyers.
Everything should have been completed months ago but 777 Partners are in crisis, leading to long delays and serious concern among Everton supporters.
Reports in Brazil state that they have just lost control of one of their clubs – Vasco de Gama – in court amid fears of bankruptcy.
We understand that other potential buyers of Everton will begin to surface from the end of this month, with their agreement with Moshiri “effectively dead” in the eyes of other suitors.
This is despite the fact that 777 were granted approval by the Premier League on the basis that they paid an outstanding loan on behalf of Everton.
MSP Sports Capital and two Liverpool-based businessmen Andy Bell and George Downing loaned Everton £158m, which was initially due to be returned on April 15.
