777 Partners are reportedly locked in negotiations with another investment firm, Blue Owl Capital, over a £360m loan as the clock ticks towards a deadline by which they have to repay MSP Sports Capital.
As part of arrangement reached with MSP in December, 777 Partners have until Monday to repay all or most of the £158m that the former loaned to Everton last year to help fund part of the construction costs for the new stadium at Bramley-Moore Dock.
That stipulation is also one of the conditions that the Premier League has placed on approval of 777 Partners’ takeover bid which has now dragged on for seven months, and there were reports earlier this week that the Miami-based private equity company had written to the League to request an extension to the date by which they must repay MSP until the end of May.
With no indication thus far that either MSP or the Premier League are willing to extend the timeline for repayment be completed, Bloomberg report that 777 are in talks with Blue Owl, who claim to have $165bn in assets under management, over a sizeable loan secured against the stadium.
