Everton takeover: court documents claim 777 'house of cards began crumbling down' as deadline nears

Last week saw potential new Everton owners 777 Partners have a face-to-face meeting with the Premier League in relation to the investment firm’s ongoing attempts to acquire the football club.

777 co-founder Josh Wander, who had been among the delegates to be found in the foyer of the Biltmore Mayfair in London the week before as the Financial Times held its annual Business of Football Summit, remained on British soil, taking in the defeat to West Ham United at Goodison Park on March 2 before being summoned for a meeting with the Premier League.

Precisely what was discussed at the meeting and the outcome of it won’t be known for a little while yet, with the Premier League continuing to want answers to certain questions around funding from 777, who had agreed to purchase Farhad Moshiri’s majority shareholding back in September.

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The process has yet to reach a conclusion despite the process now having dragged on some six months, well over the 12 weeks that had been hoped for at the start of proceedings.

The Premier League met with 777 last Tuesday, and the anticipation is that the information they now have is the information they will analyse and decide upon.

So far, 777 has provided the club with around £180m of funds for working capital, to help them meet payroll obligations and to ensure that the payments for stadium construction are met on time, with any change to that likely to see a change in the agreement that was reached around protection over rising costs.

Another month passes and the club moves closer to another cliff edge in terms