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Welcome to our Everton live blog for Tuesday, September 19.
Reports yesterday evening emerged regarding the position of 777 Partners, with the Blues believed to have received a 'sizeable loan' from the investment firm.
A separate report suggested 777 Partners will have to pay £140 million provided by two lenders for the club’s new stadium should their deal to replace Farhad Moshiri at the helm proceed.
It was confirmed last Friday Moshiri had agreed a deal to sell his 94.1% Everton shareholding to American group 777 Partners. The organisation hopes to complete its takeover of the club before the end of this year. The move would see Everton added to a portfolio of teams 777 has already either invested in or acquired that includes Hertha Berlin, Sevilla and Standard Liege.
It would bring an end to Moshiri’s troubled reign at Everton, a tenure that has seen the club move backwards despite hundreds of millions of pounds being spent on transfers and the launch of the development of a new waterfront stadium.
We will keep you informed on the latest takeover talk throughout the day.
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