A decision from the Premier League board on whether to accept 777 Partners’ prospective takeover of Everton is set to be made next week according to reports.
Meetings between 777 Partners and the Premier League took place last week, resulting in final questions being put to the prospective Everton owners.
Further meetings were supposedly held at the start of this week before the matter was sent to the Premier League board to make the final decision.
One issue has been the complex nature of 777 Partners’ business interests, which has made the league’s due diligence process longer than usual as it investigates the company.
The Financial Conduct Authority has given its approval for the deal and the Football Association also passed it but the Premier League have sought more information over the firm’s ability to fund the Club going forward.
777 Partners have invested £190m into Everton to help with the day-to-day running of the club. If the takeover does not receive Premier League approval, the club would need to repay the loans, although 777 would not be at the front of the queue of creditors.