Everton are still to find out if the Premier League has approved 777 Partners’ proposed takeover.

Everton has yet to learn whether the Premier League has given its approval for 777 Partners’ proposed acquisition.

On September 15, the two parties signed a Heads of Terms agreement on the US investment firm’s purchase of Farhad Moshiri’s 94% ownership. Twelve weeks or so were projected to pass throughout the ratification process.

However, concern has emerged over 777’s source of funding, which has seen the due diligence process drag on for nearly six months.

And now, both parties are growing frustrated with the time taken.

Everton takeover end date in sight

The Daily Mail claims that Everton and 777 have extended the start date of their original competition. It is understood, therefore, that the story will not continue past next month.

Since September, 777 is thought to have given the team loans totaling about £190 million to finance the renovation of the stadium and the club.

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