Everton Takeover Bid Enters Extra Time
777 Partners Granted Extension by Premier League
The proposed takeover of Everton Football Club by 777 Partners has entered its final stages, with the Premier League granting the bidder an extension to complete the deal. The American investment firm has been in negotiations with the club's board for several months, and a takeover was initially expected to be completed by the end of the season.
Timeframe Extended
However, due to various factors, including the need for Premier League approval and the complexities of the deal, 777 Partners has requested and been granted an extension to finalize the takeover. The new deadline is now expected to be late next month.
The firm is said to be confident that the takeover will be completed successfully, and that it is fully committed to investing in Everton and helping the club achieve its goals. The deal is reportedly worth around £300 million, and will see 777 Partners acquire a majority stake in the club.
Everton has been struggling on the pitch in recent seasons, and is currently in the relegation zone in the Premier League. The club's fans will be hoping that a takeover by 777 Partners will bring about a change in fortunes and help the team to return to its former glory.
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