Everton are waiting to hear from the FA as to whether the proposed buyers will be permitted to proceed with the deal
Everton is waiting to hear from the Premier League soon regarding the approval of 777 Partners, a Florida-based investment company, to take over the team.
With the outcome of an appeal still unresolved and the possibility of another points penalty looming, the club’s entire existence is at stake as they fight to avoid finishing in the bottom three following a ten-point deduction in November.
All of this has occurred while the team waits for various authorities to approve 777’s proposed takeover of 94% owner Farhad Moshiri; the deal was reached in September but has not yet been finalised.
The test Everton hopes to hear about this week from the Premier League’s directors and owners is only one of many hurdles the buyout needs to clear before it can proceed.
The Financial Conduct Authority has already approved the deal, but the FA, Women’s Super League, and Championship Board still need to issue their own decisions, according to the Telegraph.
They continue by saying that 777 has already loaned Everton £180 million and that they would have a “huge battle” to recoup the money should the takeover fail and the club enter administration as a result.
On Monday night, Everton and Crystal Palace will play in what might be a pivotal Premier League matchup, with the 15th-place Eagles sitting just five points above Everton in the standings.
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