777 Partners may raise funds to complete Everton takeover after new Standard Liege development

After the Premier League season concluded, Everton fans were likely treated to a few calmer days of news.

However, 777 Partners is still working behind the scenes to finish its acquisition of the Toffees. Although some have said that such a deal is doomed, others think they may still take over Goodison Park.

Farhad Moshiri has established a fresh deadline of May 31 for the Miami-based investment group to get their act together and demonstrate that they have the resources to secure the Premier League’s permission.

The Esk has previously stated that an extension makes little difference since 777 will never be able to appease the Premier League.

Will Everton’s acquisition by 777 Partners come to an end at Goodison Park?

As the Miami-based investment business searches for a buyer to take over the squad, rumors in Belgium state that investment bank Moelis has been involved in the sale of the Belgian club by 777 Partners [Lavenier, 22 May].and fulfill the terms of their contract in light of their present financial difficulties.

But with a recent development at their Belgian club Standard Liege, it looks as though the American company may be taking action to raise the necessary finances sooner rather than later.

It is unclear if such a transaction will be finalized before to Moshiri’s new deadline, but it is possible that 777 may consider this.

READ MORE RELATED NEWS@SPORTUPDATES.CO.UK