Everton provide clarity on ‘alternative scenarios’ as deadline to take on 777 partners set

Everton have back-up plans in case the takeover deal with 777 Partners collapses, the club said.

The club confirmed that the investment group has an agreement with Farhad Moshiri until the end of the month.

But in response to questions from the Everton Fans’ Advisory Board (FAB), he added that “plans are also in place to develop alternative scenarios” should the deal collapse.

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That is expected to happen, with the takeover plunged into crisis amid a series of worrying developments at 777 partners, including the group being hit with a $600m civil suit over allegations of fraud, its airline Australian having run into administration and voluntary payment issues. leading to protests and a further transfer ban at his Belgian side Standard Liege.

These problems led to widespread anticipation that the deal to buy Everton would collapse, with the biggest obstacle being a condition imposed by the Premier League that 777 Partners repay a £158m loan to the club from another lender, MSP Sports Capital.

Amid the growing belief that this seems unlikely, questions have grown about why Moshiri had not already terminated the agreement. As reported by the Echo earlier on Tuesday, this is because he remains contractually bound by the deal at this stage.

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