The club's prospective owners are committed to loaning Everton more money but they still do not know if they will be granted an extension
The club's prospective owners are committed to loaning Everton more money but they still do not know if they will be granted an extensionCrunch time is approaching in the long-running saga but there is increasing uncertainty over the ownership situation. Miami-based 777 Partners wrote to the Premier League earlier this week to indicate they will need more to time to fulfil strict criteria placed on them to pass the deal.
On the first three conditions sources close the group say “substantial progress has been made” and they are confident of fulfilling those commitments. Discussions are “ongoing” with MSP Capital, who have not commented on the new developments, over Monday’s deadline and how the debt will be repaid in full. Fresh talks were taking place on Thursday with all parties said to be aware that Everton’s future is potentially at stake.: “Both parties know a deal needs to be done one way or another and these things tend to go the wire. It could even be over the weekend that we know for certain what happens next.
In that scenario they would then need to repay 777’s £160m debt in short order, find the money to cover Everton’s costs until the end of the season and also pay off the rest of the stadium project.
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