Everton takeover exclusive: 777 Partners set for face-to-face Premier League talks in new twist
Prospective Everton owners 777 Partners are set to hold face-to-face talks with the Premier League in the coming days, sources have told Football Insider.
The US-based group have been waiting for takeover approval from the Premier League since September when they struck a £500million deal to buy Farhad Moshiri’s majority stake.
The Premier League have raised concerns over their source of funding and have delayed their final decision.
It is understood that the Premier League have demanded 777 Partners to provide proof that they can fund Everton for the next three years.
Since September, 777 Partners have supplied nearly £200million in loans to the Toffees to help with operating costs and stadium construction fees.
Everton takeover set for final decision with face-to-face talks scheduled
As reported by Football Insider, 777 plan to immediately recall their loans from Everton if their takeover move is rejected.
The Premier League are facing pressure to either approve or reject the takeover deal with Everton currently in a troubling financial position.
Other US investors are keeping tabs on the takeover process and are prepared to enter talks with Moshiri if 777 are rejected.
The Toffees were successful in their appeal against their points deduction earlier this season, reducing their punishment from 10 points down to six.
However, they still await the verdict of their second PSR charge as well as a final decision on their takeover deal.
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