READ MORE: Everton withdraw Premier League points deduction appealREAD MORE: Sean Dyche speaks out on Everton transfer plans amid takeover uncertaintyWhat is the status of 777 Partners' takeover attempt? The remaining challenge is the Premier League approval, for which 777 Partners must pass the Owners’ and Directors’ Test. London-based lenders Leadenhall Capital allege 777 Partners used assets to secure huge loans that were pledged as the security for borrowings from other lenders. Any new buyer would have to pass the same regulatory hurdles 777 Partners have had to take on. 777 Partners were not the first on the scene - Moshiri agreed exclusivity periods with two different US groups before this one.

Source: Metro May 10, 2024 14:19 UTC