777 Partners press on with Everton takeover after £16m package lands on day of chaos

777 Partners remains dedicated to completing an Everton takeover, but concerns about its capacity to do

so grew after a turbulent day.

What began as a story about airline passengers stranded in Australia swiftly spread around the world,

raising additional doubts about the group’s ability to finalize its deal for control of the Blues.

Questions extended beyond the implications of 777 Partners’ move to place its airline into voluntary

administration as further financial issues emerged. Those developments, along with claims Everton had

sought specialist financial advice over the club’s debts, threw into doubt a takeover that has so far failed

to achieve regulatory approval. The Blues, however, are understood to have received their latest funding

package on behalf of 777 Partners on Tuesday.

In September of last year, Everton’s majority stakeholder Farhad Moshiri agreed to sell his 94.1%

holding to 777 Partners. The announcement came after a more than a year-long hunt for outside

financing, during which the club had two failed conversations with other US consortiums. Those

involved believed the agreement would be approved by the Premier League, Football Association, and

Financial Conduct Authority by the end of 2023. Five months into 2024, 777 Partners has unable to

convince the Premier League of its appropriateness, and it appears to be struggling to meet the league’s

board’s approval standards.