The American investment firm 777 Partners is delaying its planned acquisition of Everton Football Club, moving the target date to the end of next month, as reported by Sky News. This delay is attributed to the firm's request for an extension on the repayment of a £160 million loan, which is linked to the financing of Everton's new stadium. The firm is reportedly in a race to secure the necessary funding to complete the takeover. Multiple sources, including Sky Sports News and Bloomberg UK, have reported on this development, highlighting the financial challenges faced by 777 Partners in finalizing the deal.
777 Partners’ intended takeover of Everton now faces a further delay after the American firm asked for more time to complete key elements of the deal. More from @Paddy_Boyland ⬇️ https://t.co/qFaIsrBfDP
Sky News has learnt that 777 Partners has told stakeholders, that it now expects its takeover of Everton FC to be finalised late next month Read more 🔗 https://t.co/Xn3UEukxZE
Investment firm 777 Partners has pushed back its target date for buying Everton FC to the end of next month. https://t.co/WVoTkXkozk
🔺 NEW: The US investors seeking to buy Everton have asked for an extension to close the deal as they scramble to raise the necessary finance Read more ⬇️ https://t.co/5ZHzU59Alm
Everton FC bidder 777 seeks extra time amid race for funding Read more🔗 https://t.co/udlTwRSR0v
BREAKING: 🚨 Sky News are reporting 777 Partners have pushed back their target date for buying Everton to the end of next month and requested an extension to the repayment of a £160m loan related to its new stadium. https://t.co/K3ydpkup5m