Sport nationFarhad Moshiri, the majority owner of Everton, has agreed to an extension on the repayment deadline of a £158million loan from MSP Sports Capital, according to reports from iNews. This development comes as the deadline for 777 Partners to complete their takeover of the club is set to pass.
Moshiri had previously walked away from Goodison Park and had not been interested in funding the club or helping with the takeover situation. However, now that 777 Partners have failed to complete the deal, Moshiri is being forced to take back control of the club and is “getting his ducks in a row” to ensure a smooth transition.
The extension on the loan repayment deadline is a crucial step in this process, as it allows Moshiri to avoid defaulting on the loan and potentially putting the club into financial jeopardy. With interested parties, including John Textor, waiting in the wings to take over the club, Moshiri will be desperate to sell Everton as quickly as possible.
The ongoing ownership situation has added to the uncertainty surrounding the club, and fans will be hoping for a swift resolution to the situation. In the meantime, Gary Neville has admitted that he got it “wrong” about one Toffees star, after being told by Wayne Rooney.
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