A letter from the Premier League board to 777 Partners is not expected to speed up the process of their proposed takeover of Everton but it would put them a step nearer to gaining approval for the deal if they can meet a series of specific requirements.
The process also needs to be reviewed by an independent oversight committee before it can be granted final approval by the Premier League board.
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Everton move step closer to 777 Partners takeover after Premier League 'minded to approve' proposed deal777 Partners have moved a step closer to a takeover of Everton after receiving a letter from the Premier League in which it is 'minded to approve' the takeover.
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Kieran Maguire: New 777 Partners ‘threat’ towards Everton is a ‘serious cause for concern’The inside track on the football stories that matter
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Would-be Everton owners 777 described as ‘crumbling house of cards’ in lawsuit777 Partners, the Miami-based investment firm trying to buy Everton, has been described as a “crumbling house of cards” in a lawsuit filed in New York this week. The dispute is between 777 and Obra Capital, an American investment firm that lent Everton’s would-be custodians $55million in July 2020.
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