777 Partners have requested additional time to repay a club loan to MSP Sports Capital
Prospective Everton owners 777 Partners remain in negotiations with one of the club's biggest creditors over the settlement of a loan required for the US group to take over at Goodison Park.
READ MORE: Gary Lineker names clubs he 'suspects' Premier League will want relegated as Everton resume fightWhile sources claimed that three of the four conditions could be met by Friday last week, on Thursday, 777 requested an extension to the repayment of the loan to MSP, with the sticking point being that time frame between conditional approval and the maturity of the loan was deemed to be too short at three weeks by 777.
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777 Partners MSP Sports Capital Farhad Moshiri
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Prospective Everton owners 777 Partners to request extension for payment deadline777 Partners, the prospective owners of Everton, are seeking an extension to the deadline for paying a major club creditor as part of the Premier League's approval conditions. The deal to purchase Farhad Moshiri's stake in the club has not yet been ratified by the Premier League, causing delays. 777 Partners has provided funding for Everton's working capital and stadium construction, but the deal may not be concluded until May 2024.
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