Sources: Everton face £200m ‘disaster’ – decision days away.
If Everton’s acquisition bid is rejected by the Premier League, 777 Partners would promptly recall the majority of their £190 million loans, according to Football Insider sources.
In September, the US consortium agreed to pay £500 million for Farhad Moshiri’s majority share in the Merseyside club.
However, they are still awaiting Premier League permission, and there are rising questions about their funding.
The Telegraph said that the decision to accept or reject the takeover is likely before the end of February.
While awaiting Premier League approval, 777 Partners has offered Everton with a number of loan packages to assist with operating expenses and stadium development costs.
In September, Football Insider reported that 777 included a’recall clause’ in their first £100m loan, which may be triggered if they do not approve new owners.
777 Partners will leave Everton with £190m problem if takeover is rejected
The Daily Mail reports that 777 would lend another £30 million to the Toffees this month, bringing the total sum owed to nearly £190 million.
According to Football Insider, 777 Partners would demand debt repayment if the Premier League rejects its takeover offer by the end of the month.
It would leave Everton with a “disastrous” amount of debt to repay while they continued to find finances to cover everyday expenses under Moshiri.
However, if the acquisition bid is rejected, other parties will be able to negotiate with Moshiri.
Other US groups are monitoring the acquisition deal for potential collapse.
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