Everton’s majority owner Farhad Moshiri has reportedly agreed to extend talks with 777 Partners, in hope that a takeover deal can be reached.
According to The Telegraph, Moshiri has granted the crisis-stricken American investment fund until the end of May to reach an agreement over the purchase of Everton football club.
777 Partners have been providing the Merseyside outfit with capital to help with the club’s operational funding of late – with concerns being raised that Everton could face administration if they do not find a new investor.
However, 777 Partners’ suitability to purchase Everton has been thrown into some doubt, after the organisation reportedly called in financial experts to help restructure the club.
The Miami-based organisation recently saw their Australian airline, Bonza, go into administration, while their football club, Standard Liege, are also under a transfer embargo, because of failures to meet payments for two players.
More to follow…
