Everton takeover in added time after 777 gets extension to repay £160m loan

Repayment of debt is condition of 777 taking over clubLength of extension said to be weeks not months

The proposed takeover of Everton has moved into added time after the bidder 777 Partners was granted a last-minute extension to repay a £160m loan.

The latest missed deadline drags the takeover saga past the seven-month mark since Farhad Moshiri agreed to sell his shareholding in the Premier League club to 777, an American investment firm that has faced months of scrutiny about its ability to raise the funds to complete the deal.

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