The Everton takeover deal with 777 Partners is facing uncertainty as the US group considers an “emergency” loan option, sources have revealed to Football Insider.
Although Farhad Moshiri and 777 agreed on a £500million takeover in September, the Premier League has yet to approve the deal, citing the repayment of a £160million loan to MSP Sports Capital as a condition for approval.
Recent reports suggest that 777 Partners have requested an extension to the takeover process, with the new target date now set for late May.
Sources indicate that the delay is due to 777 Partners exploring emergency funding options from US parties, raising concerns about their ability to cover costs at Goodison Park and Bramley Moore Dock.
If 777 Partners fail to secure funding and repay MSP Sports Capital on time, their Everton takeover could collapse before the end of the season, leaving Everton with a significant debt of £330million as per their latest accounts.
Financial expert Kieran Maguire believes that if 777 Partners successfully finalize their takeover, Everton’s debt could be halved.
