The Premier League decision 777 Partners' takeover offer for Everton.

The US group reached an agreement to buy Farhad Moshiri’s 94 percent ownership in the club back in September, but they have been waiting for Premier League clearance for more than 17 weeks.

Everton has received loans totaling £142 million from 777 Partners to help with operating expenses and stadium development bills during the drawn-out approval process. On January 8, 777 Partners provided Everton with their latest financial support in the shape of a fresh £40 million loan.

As the Premier League has not yet made a judgment about the proposed takeover, Football Insider has been informed by reliable sources that 777 Partners are “rapidly losing hope” that the deal will be completed. Two other US parties have apparently put money aside for a takeover effort in case their bid is rejected.

After a number of issues in recent months, the Premier League is said to be concerned about 777 Partners’ financial source. Vasco do Gama, a club owned by 777, was in danger of having its transfer restriction lifted in October after neglecting to pay transfer fees that totaled almost £5 million. Furthermore, it was alleged that the American group was unwilling to pay the British Basketball League £900,000.

In addition to the concerns, 777 Partners are reportedly facing lawsuits from a group of aircraft lessors over $30 million (£23.5 million) in unpaid fees. While publicly maintaining confidence about completing the takeover, a report from Josimar on January 9 mentioned that sources within the company are now described as ‘pessimistic’.