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Wednesday briefing: Everton takeover: Farhad Moshiri agrees surprise extension with 777 until end of month

IMAGO

IMAGO

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15 May 2024 - 4:30 AM

The proposed takeover of Everton by 777 Partners has been given an unexpected lifeline after the club’s owner Farhad Moshiri agreed to extend his sale and purchase agreement with the crisis-engulfed US investment firm.

As reported by The Daily Telegraph, while the deal remains a major doubt, 777, which is still supporting the club with operational funding, has been granted extra time to somehow address the turmoil it faces elsewhere.

Terms on an initial deal agreed by Moshiri la

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