Everton takeover on the brink of collapse – sources
Everton’s proposed takeover by 777 Partners is close to collapsing, sources have told Football Insider.
Speaking on the latest edition of Football Insider’s Inside Track podcast, senior correspondent Pete O’Rourke revealed that there are serious question marks over the deal between the Toffees and the US investment firm.
The major doubts regarding the ongoing situation come amid 777 asking for extensions on loan repayments that they owe MSP Capital.
O’Rourke told Football Insider that the deal, which was agreed back in September, is close to falling through.
777 takeover of Everton takes new twist
He explained that it would be very bad news for the Toffees, who would need to find money that they haven’t got from another source.
Everton’s former chief Keith Wyness told Football Insider on Thursday (25 April) that the “window of opportunity is closing” for the club’s takeover to be completed.
777 agreed to acquire Farhad Moshiri’s full stake in the Toffees last year, which accounts for 94.1% of the club’s shares.
But various problems have prevented the deal from being completed, with time now running out for the parties involved.
The US-based investment firm are currently involved with various football clubs throughout the world, including Genoa in Italy, Vasco da Gama in Brazil, Sevilla in Spain, Standard de Liege in Belgium and Hertha BSC in Germany among others.
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