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Proposed new Everton owners 777 Partners move closer to takeover

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Everton,Takeover,777 Partners

Proposed new owners of Everton Football Club, 777 Partners, have received a letter from the Premier League indicating their approval of the takeover. However, certain conditions need to be met before full approval can be granted. The group has been in discussions with majority shareholder Farhad Moshiri and has been providing funds for the club's working capital and stadium costs. The deal is expected to reach £200m by April.

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 stringent conditions before full approval can be granted. The process also needs to go through an independent oversight committee.

Transfer Centre LIVE! | Paper TalkGet Sky Sports | Download the Sky Sports appStream the Premier League and more with NOW777 have been supporting the club with funds for working capital and stadium costs and that figure is expected to reach £200m by April. The multi-club investors have been in discussions with Everton majority shareholder Moshiri since the news that New York group MSP Sports Capital had ended its exclusivity agreement with Moshiri, who owns 94.1 per cent of the club's share

Everton Takeover 777 Partners Premier League Approval Farhad Moshiri Funds Working Capital Stadium Costs

 

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