A report claims to have seen a letter from the Premier League board to 777 Partners saying 'it is currently minded' to back the offer to complete a takeover of Everton
A letter from the Premier League board to 777 Partners is not expected to speed up the process of their proposed takeover of Everton but it would put them a step nearer to gaining approval for the deal if they can meet a series of specific requirements.
The process also needs to be reviewed by an independent oversight committee before it can be granted final approval by the Premier League board.
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Everton move step closer to 777 Partners takeover after Premier League 'minded to approve' proposed deal777 Partners have moved a step closer to a takeover of Everton after receiving a letter from the Premier League in which it is 'minded to approve' the takeover.
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Proposed new Everton owners 777 Partners move closer to takeoverProposed new owners of Everton Football Club, 777 Partners, have received a letter from the Premier League indicating their approval of the takeover. However, certain conditions need to be met before full approval can be granted. The group has been in discussions with majority shareholder Farhad Moshiri and has been providing funds for the club's working capital and stadium costs. The deal is expected to reach £200m by April.
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Everton takeover: 777 Partners hint at when decision will come as wait goes onThe wait over a decision on 777 Partners' proposed takeover of Everton appears set to continue
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Kieran Maguire: New 777 Partners ‘threat’ towards Everton is a ‘serious cause for concern’The inside track on the football stories that matter
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Everton takeover: court documents claim 777 'house of cards crumbling down'Prospective Everton owners have been cited in a legal complaint filed with the Supreme Court in New York
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Would-be Everton owners 777 described as ‘crumbling house of cards’ in lawsuit777 Partners, the Miami-based investment firm trying to buy Everton, has been described as a “crumbling house of cards” in a lawsuit filed in New York this week. The dispute is between 777 and Obra Capital, an American investment firm that lent Everton’s would-be custodians $55million in July 2020.
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