Everton takeover exclusive: 777 Partners set for face-to-face Premier League talks in new twist.

Everton takeover exclusive: 777 Partners set for face-to-face Premier League talks in new twist.

According to sources who spoke with Football Insider, 777 Partners, the potential Everton owner, will speak with the Premier League in person in the near future.

The United States-based organization has been awaiting Premier League takeover clearance since they closed a £500 million deal to acquire the controlling stake of Farhad Moshiri in September.

The Premier League has postponed making their final choice due to concerns about its financial source.

It’s reported that 777 Partners has been asked to produce documentation proving they can continue to finance Everton for the ensuing three years by the Premier League.

The Toffees have received loans totaling about £200 million from 777 Partners since September to assist with operating expenses and stadium development fees.

Everton takeover set for final decision with face-to-face talks scheduled

Football Insider claims that 777 intends to promptly withdraw their loans from Everton in the event that their takeover bid is turned down.

The Premier League are facing pressure to either approve or reject the takeover deal with Everton currently in a troubling financial position.

Other US investors are keeping tabs on the takeover process and are prepared to enter talks with Moshiri if 777 are rejected.

The Toffees’ punishment was lowered from 10 points to six after their appeal against their points deduction earlier in the season was successful.

They are still awaiting the outcome of their second PSR charge and the approval of their takeover agreement, nevertheless.

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