sport news Everton 'are granted an extension to the deadline for a £158m loan to be ... trends now
View
comments
Everton have been granted an extension on the deadline to repay a £158million loan ahead of their proposed takeover.
Back in September, the Toffees agreed the protracted sale of the club with the American private equity firm however discussions appear to have stalled since then.
Last month, Farhad Moshiri - who will sell his 94.1 per cent shareholding in the club - urged Toffees fans to 'bear with us' as the deal entered the 'home straight'.
However, that appeared to hit another stumbling block as reports last week claimed that 777 Partners requested an extension in order to complete the deal.
The Toffees owed investment firm MSP Capital and two local businessmen, Andy Bell and George Downing, a nine-figure amount which was due to be paid on Monday.
Everton have been granted an extension on the deadline to repay a £158million loan ahead of their proposed takeover
Everton majority shareholder Farhad Moshiri reached a purchase agreement in September
However, according to the Independent, a short-term extension of the loan has been agreed, which 777 will have to pay if their takeover is
