Premier League Chief Executive Richard Masters stated that specific conditions must be met by 777 Partners for the potential takeover of Everton FC. The current owner, Farhad Moshiri, has extended the agreement with 777 Partners until May 31. If the takeover fails, Moshiri will explore other options for selling the club. Everton has confirmed plans for alternative scenarios if the deal with 777 Partners falls through. Additionally, Moshiri is engaging with other potential buyers in case the proposed takeover does not materialize. The crisis facing 777 Partners, with their multi-club portfolio including clubs like Vasco, Genoa, and Sevilla, is impacting their existing football assets, raising concerns about the future of the takeover.
"Vasco doesn’t need you. Go home" "These are the darkest times in our history" It may not extend to Everton but 777's multi-club portfolio stretches from Brazil to Australia via teams in five European leagues. So how is the crisis gripping the firm affecting them?
Quick, read this piece about how 777’s cash crunch is affecting the seven clubs it already has stakes in BEFORE they lose control of another one. We may have to turn this into a live blog. https://t.co/pNyi0DyazV
For eight months, 777 Partners has been trying to buy Everton, but the takeover looks increasingly unlikely to go through. @TheAthleticFC looks at how existing members of 777’s football portfolio - there are 7 - are confronting the crisis. https://t.co/8Ez06z0P57
How the crisis gripping 777 Partners is affecting the clubs in their multi-club portfolio from Vasco to Genoa, Sevilla to Standard etc https://t.co/FxjB3CLSb8
The Everton owner Farhad Moshiri is speaking to other bidders over the sale of the club in the event of the proposed takeover by 777 Partners falling through. Read the full story below 🔽 https://t.co/zUZqWm9OMk
Everton confirm to @EFC_FanAdvisory that purchase agreement between 777 Partners & Farhad Moshiri runs out at the end of the month Also say “plans are in place to progress alternative scenarios should 777 not complete” https://t.co/rib7ZnWNgY
Everton majority shareholder Farhad Moshiri has extended the agreement with 777 Partners to take over the club until the 31st of May. If that fails, Moshiri will look at alternative options to sell the club 🔵 https://t.co/CqVB0nX1DG
Premier League Chief Exec Richard Masters says that Everton owner Farhad Moshiri still wants to sell the club to 777 Partners 🔵 https://t.co/WFXinniVL1
“The PL has been very clear the conditions that have to be met by 777 if it wishes to become the owner of Everton.” PL chief exec Richard Masters asked in parliament by @DamianCollins why it has not yet rejected a takeover of Everton FC by 777 Partners in months-long saga ⬇️ https://t.co/O5YcsZrVsx
“The PL has been very clear the conditions that have to be met by 777 if it wishes to become the owner of Everton. At the moment obviously the takeover hasn’t been confirmed. I will leave it for the committee to make its own conclusions where we are" - Richard Masters. 🔵 https://t.co/gPfsnEFxp7