The Premier League is ‘minded’ to approve 777Partners’ takeover of Everton subject to strict conditions.
According to The Times, the conditions are believed to include proof and source of funding.
The board includes league chief executive officer Richard Masters, chair Alison Brittain and board member Mai Fyfield.
Mail Sport revealed earlier this month that the Premier League had agreed to meet with 777 co-founder Josh Wander. It was also disclosed that 777 would not continue funding Everton beyond this month if they didn’t receive approval from the Premier League.
The Premier League have held talks with Wander and fellow co-founder Josh Pasko regarding whether they could cover running Everton’s costs for the next three years.
The Premier League is minded to approve 777Partners’ takeover of Everton subject to strict conditions- 777Partners co-founder Josh Wander (L) pictured with Everton owner Farhad Moshiri (R)
The Premier League agreed to meet with Wander, the co-founder of 777Partners
Premier League chief executive Richard Masters is amongst those to have assessed the deal
In September last year, it was announced that 777Partners had reached an agreement to buy 94.1 per cent of Everton from current owner Farhad Moshiri.
777, which is based in Miami and was co-founded by Wander and Pasko, has faced questions regarding its suitability to own Everton.
Since September, 777 have invested around £190million in Everton, which has gone towards running costs and work on the club’s new stadium at Bramley-Moore Dock.
777 own over 60 companies whose transactions are closely linked. They have invested in clubs including Genoa, Hertha Berlin, Standard Liege, Red Star and Vasco da Gama.
The Premier League asked 777 for further information about the source of funding. Everton’s two charges for breaching Profit and Sustainability Rules also haven’t helped matters.
In addition, Everton are currently battling to avoid relegation from the Premier League – they are in 16th place and are four points clear of the drop zone with a game in hand on most of the sides around them.
777 have invested around £190million in Everton, which has helped work on the club’s new stadium
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