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Stock impact report

Everton's Advisers Seek Investors to Save US Firm 777's Takeover Deal [BNN Bloomberg (Canada)]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: BNN Bloomberg
investment firm 777 Partners amid fears that the deal could collapse, according to people familiar with the matter. Deloitte has been seeking fresh funding from sports-focused investors and lenders to get 777's deal over the line, the people said, asking not to be identified because the information is private. The current preference is to attract a partner for 777 instead of getting an entirely different bidder who would need to go through the whole process from scratch, including clearance from the Premier League, one of the people said. The club isn't currently seeking rival bids because it is bound by an agreement with 777, though the situation could change, the person said. Miami-based 777 agreed to buy Everton last year, but recently asked for more time to complete the takeover, and pushed back its target closing date until the end of May. The extension request came after 777 faced scrutiny from the Premier League into its source of funding and capacity to fund the club suf Show less Read more
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