A Thursday deadline has been set for possible Everton owners 777 Partners to complete their agreement at Vasco.
The deadline for possible Everton owners 777 Partners to invest in Brazilian club Vasco da Gama is Thursday, October 5.
Globo reported on 5 October that they were scheduled to spend £15.9 million in the club at the beginning of September and then given a one-month extension but still did not do so.
If this is not completed by Thursday, Vasco will have the opportunity to repurchase their shares for a symbolic value of R$1k (about £160).
777 Partners’ goals are clear: they want to make a reputation for themselves in football and maximize the value of their interests in various clubs.
Genoa C.F.C. in Italy, Standard Liege in Belgium, Red Star F.C. in France, CR Vasco de Gama in Brazil, and Hertha BSC in Germany are among the teams they’ve taken over.
However, there have been some red flags at a number of teams, notably their present situation at Vasco.
They were expected to infuse £15.9 million into the club by September 5th, but that did not materialize, and they are now nearing the end of another deadline.
Farhad Moshiri has been a divisive owner, and the 777 Partners do not appear to be any better, according to these sources.
Everton supporters will be hoping that they have real plans to move the club forward.
In other Everton news, a condition for Sean Dyche’s dismissal has emerged amid controversy at Goodison Park.
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