DEAAL: 777 could complete cheap £100m deal to finally buy Everton after agreement struck

777 Partners could buy Everton for a “cheaper” price if they are relegated to the Championship, sources have told Football Insider.

Speaking on the latest edition of Football Insider’s Inside Track podcast, transfer correspondent Pete O’Rourke revealed that there are “major doubts” as to whether the American investment group will complete their takeover of the struggling Toffees.

However, it is believed that 777 could be waiting to see if Everton are relegated from the Premier League and try and buy them on a cut-price deal.

777 agreed to buy Farhad Moshiri’s 94.1 per cent stake in the club in September for £500million, but the deal is yet to be finalised following months of scrutiny regarding their ability to raise funds to complete the takeover.

777 Partners plotting to buy Everton on cut-price deal?

The Miami-based group pushed back their target date to buy Moshiri’s stake in the club after they were reportedly granted a last-gasp extension to repay £160million of loans to sports private equity firm MSP Sports Capital.

MSP has lent 777 vast sums of money to keep Everton afloat and pay for running costs amid their attempts to buy the club.

This loan extension is due to expire early next month, meaning it will need to be paid back soon or the club could fall into MSP’s hands as the loan was secured against 51 per cent of Moshiri’s majority stake in the club.

777’s co-owner Josh Wander has met with the Premier League as he attempts to push the deal through, but he must satisfy multiple pre-conditions before the takeover can be approved.

These include repaying the loans to MSP, putting £60million into the club for day-to-day costs to complete the season and funding around £100million for the completion of Everton’s new stadium on Bramley-Moore Dock.

However, such conditions would likely be reevaluated if the club drop down to the Championship, opening the door for a cheaper deal.

Following a total eight points worth of deductions and poor form on the pitch, Sean Dyche’s side are in the mix to be relegated from the Premier League for the first time in their history.