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After agreeing to buy Farhad Moshiri’s 94 percent ownership of the team back in September, the US company has been waiting for Premier League clearance for more than 17 weeks.
777 Partners has lent Everton £142 million to cover operating expenses and stadium construction bills during the drawn-out approval process. On January 8, Everton received a fresh £40 million loan from 777 Partners, which was their most recent financial contribution.
Football Insider has been informed by reliable sources that 777 Partners are “rapidly losing hope” that the transaction will be completed, even though the Premier League has not yet made a decision. Two more US parties are said to have put money aside in case they are rejected.
After a number of issues in recent months, the Premier League is said to be concerned about 777 Partners’ financial source.
Vasco do Gama, a club owned by 777, was in danger of having its transfer restriction lifted in October after neglecting to pay transfer fees that totaled almost £5 million. Furthermore, it was alleged that the American group was unwilling to pay the British Basketball League £900,000.
In addition to the concerns, 777 Partners are reportedly facing lawsuits from a group of aircraft lessors over $30 million (£23.5 million) in unpaid fees.
While publicly maintaining confidence about completing the takeover, a report from Josimar on January 9 mentioned that sources within the company are now described as ‘pessimistic’.
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