777 Partners, the US based investment firm, is still raising funds to close the deal it signed to months ago to acquire Everton FC, according to a report by Forbes.
777 Partners is set to be taking over from Farhad Moshiri, a British-Iranian billionaire in a deal reports said was worth more than £550m. However, Premier League team owners were concerned over the source of 777 Partner’s funding for the acquisition, with rumours claiming the deal was being funded with Colombian drug money.
While the deal was initially expected to close by the end of the year, 777 partners are still short on the funds required for the acquisition, according to the report/
