Everton move step closer to 777 Partners takeover after Premier League 'minded to approve' proposed deal

Proposed new Everton owners 777 Partners have moved a step closer to a takeover of the club after receiving a letter from the Premier League in which it said it is 'minded to approve' the takeover. The group, who agreed a deal with majority shareholder Farhad Moshiri last September and have been waiting for the go-ahead since then, now need to meet a number of conditions before full approval can be granted.

The days of an owner/benefactor are seemingly out of reach for most, and the biggest clubs are now typically owned by well-resourced PE firms, specialist sports investors or state-backed companies and funds. 'I have been open about the need to bring in new investment and complete the financing for our iconic new stadium at Bramley-Moore Dock, on the banks of the Mersey, which I have predominantly financed to date.

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