777 Partners step up exit plan as Everton takeover problems continue

The American investment firm that continues to hold out hope of acquiring Everton has engaged an investment bank to sell one of the teams under its ownership.

READ MORE: Nathan Patterson faces brutal Everton transfer reality after fresh blow and injury nightmare Last month saw missed payments for staff wages, while earlier this month saw a Liege court seize the football assets of 777 in Belgium over a dispute with the former owner regarding the failure to make the agreed payments for the 2022 purchase of the club.

Those conditions were that 777 Partners’ interest-bearing loans to the club for working capital purposes, which now sits at just north of £200m, have to be converted into equity; funds are required in an escrow account to meet financial obligations for the remainder of the season; proof of funding for the new stadium completion; and a £158m loan to be repaid to MSP Sports Capital.

Source: News Formal (newsformal.com)

Everton FC Farhad Moshiri

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