777 Partners’ takeover of Everton remains in intense jeopardy but the group has received a boost after the latest news coming from Brazil.
The Miami-based company agreed to buy Farhad Moshiri’s 94 per cent stake in the club in September 2023, but pending lawsuits and financial matters have delayed Premier League approval.
Now it appears the British-Iranian billionaire is considering calling off the deal entirely amid doubts that 777 are able to finance the club post-takeover.
In news that would reinforce what many analysts have insisted for some time, 777 have now left wages unpaid at Standard Liege, one of the other club’s in their multi-club portfolio.
However, financial anxieties at one of their other clubs, Brazilian top-flight side Vasco da Gama, may have eased somewhat in light of the latest news.
As reported by Sport Business, the Rio-based club have signed a record front-of-shirt sponsorship deal worth £18million over the next 18 months.
Why does the Vasco da Gama deal matter to Everton?
After the deal was confirmed, Vasco chief executive Lúcio Barbosa said the deal with online betting platform Betfair was “huge” after “weeks of intense work to get the best for [the] club”.
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