Everton are calling in a leading firm of restructuring and insolvency advisers, the Guardian understands, raising further questions about the proposed takeover of the Premier League club by 777 Partners.
The move comes as the club are believed to still be waiting for a further 15m of loans that 777 had pledged to provide Everton with during April, according to one 777 source.
The latest loan would have taken the amount the club had borrowed from the American firm to more than 200m during the seven months since it was announced it would acquire Everton.
However, 777 appears to be experiencing further financial difficulties, with its low-cost airline Bonza entering voluntary administration in Australia on Tuesday. Meanwhile, 777 Partners is u…
Read the full article at: https://www.theguardian.com/football/2024/apr/30/everton-call-in-insolvency-restructuring-advisers-777-takeover-doubt