Premier League Nears Approval of 777's Everton Takeover with Conditions
The conditional approval hinges on meeting funding and financial practice requirements, with a final decision postponed until after Easter.
- The Premier League is close to approving 777 Partners LLC's takeover of Everton FC, subject to certain conditions including funding and financial practices.
- Everton's prospective new owners have already injected over £150 million into the club, primarily for working capital and the construction of a new stadium.
- If the takeover is approved, 777 would add Everton to its portfolio of football clubs, which includes Sevilla, Genoa, Hertha Berlin, and Standard Liege.
- Everton is facing a potential points deduction for a second alleged breach of the Premier League's Profit and Sustainability Rules.
- The final decision on the takeover is not expected until after Easter, with a hearing into Everton's alleged financial breach scheduled for early next week.