Everton are calling in a firm of restructuring and insolvency advisers, the Guardian understands, raising further questions about the proposed takeover by 777 Partners
Everton are calling in a leading firm of restructuring and insolvency advisers, the Guardian understands, raising further questions about the proposed takeover of the Premier League club by 777 Partners.
The move comes as the club is believed to still be waiting for a further £15m of loans that 777 had pledged to provide to Everton during April, according to one 777 source.The latest loan would have taken the amount the club had borrowed from the American firm to more than £200m during the seven months since it was
Meanwhile, 777 Partners is understood to have parted company with its UK PR advisers after falling behind on paying its fees.regarding whether 777 will be able to complete its takeover of Everton – and how the club will be funded until the end of the season.The Guardian understands that Teneo – a global financial advisory firm with a large insolvency division – has been approached to advise Everton and its directors.
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