Breaking News :Everton’s takeover is further delayed, leaving 777 Partners in the dark.

Everton’s takeover is further delayed, leaving 777 Partners in the dark. 

Everton is currently awaiting confirmation from the Premier League

regarding their takeover by the American investment firm, 777 Partners. The investment firm is providing a loan to the club for the construction of their new stadium at Bramley-Moore Dock.

Hopes of finalizing the takeover by the end of February were dashed by the Premier League, leaving 777 Partners uncertain about the timeline for the

completion of the deal. They are now awaiting approval from the Premier League and are unsure of when the drawn-out process will be concluded.

Everton is currently awaiting confirmation from the Premier League regarding their takeover by the

American investment firm, 777 Partners. The investment firm is providing a loan to the club for the construction of their new stadium at Bramley-Moore Dock.

Hopes of finalizing the takeover by the end of February were dashed by the Premier League, leaving 777 Partners uncertain about the timeline for the

completion of the deal. They are now awaiting approval from the Premier League and are unsure of when the drawn-out process will be concluded.

In September, 777 signed a deal with Moshiri to acquire his 94.1 percent shareholding in Everton and then aimed to complete the deal by Christmas. In

January, during a parliamentary hearing, Premier League chief executive Richard Masters stated that they were “weeks, hopefully” away from a decision as to whether to allow the takeover to proceed.

In the meantime, 777 have provided Everton with the necessary funds to

build their new stadium at Bramley-Moore Dock, while 777 co-owner Josh Wander attended Monday’s 1-1 draw with Crystal Palace. However, scrutiny

has been directed towards 777’s multi-club model, which includes stakes in clubs such as Genoa, Hertha Berlin, Standard Liege, and Vasco da Gama. Both

Vasco da Gama and Standard Liege were handed transfer bans for failing to meet financial obligations.

Additionally, one of 777’s subsidiary companies, 777 Re, a Bermuda-based reinsurance firm, had its credit rating downgraded by the agency AM Best, citing a weak balance sheet.

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