Speaking with bankers, 777 Partners is closing a £500 million acquisition of Everton.
According to the Mail on Sunday, US investment group 777 Partners is in discussions with several lenders about using loans to finance its buyout of Everton.
In order to prevent adding further debt to the financially beleaguered Premier League team, 777 stresses that the loans will not be placed against any of Everton’s assets, including the new stadium at Bramley-Moore Dock, according to a newspaper story published on October 29 (page 90).
It is acknowledged that they will instead borrow money against their companies that are not related to football.
According to The Mail on Sunday, A-Cap is one of the lenders that 777 has allegedly engaged with in order to get funding for a proposed £500 million acquisition of the Toffees.
Not nice
There has long been conjecture that 777 will not have sufficient funds to purchase Everton.
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