Everton takeover: 777 Partners saga faces pivotal week as MSP Sports Capital deadline nears

The Everton takeover saga that has been rumbling on since September could have some clarity as early as this week.

Miami-based investment firm 777 Partners struck a deal to acquire Farhad Moshiri’s 94.1% shareholding in the football club some seven months ago and have provided around £180m in working capital to the football club since then, even though they have yet to receive approval for the acquisition from the Premier League.

777 Partners, who own a number of other football clubs including the likes of Genoa and Standard Liege, have come under intense scrutiny since they were revealed as Moshiri’s preference to acquire the club, with a string of legal cases in the US, some relating to failure to pay significant debts, adding to the material that the Premier League needed to digest before making a decision.

Last month it was revealed by Bloomberg that the Premier League was ‘minded’ to approve 777 Partners as Everton owners, but only on the proviso that a number of caveats were met by the prospective owners.

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Investigative website Josimar, which has followed the trials and tribulations of the 777 deal closely for several months, detailed the conditions that had to be met, reporting that 777 loans to the club had to be converted into equity, funds were required in an escrow account to meet financial obligations for the remainder of the season, proof of funding for stadium completion arrived, and a £158m loan was repaid to MSP Sports Capital. The ECHO has since independently had confirmation from 777 sources that the criteria were correct.

MSP had been in talks early