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Stock impact report

777 call in finance experts as Everton uncertainty grows [Yahoo! Finance]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Company Research Source: Yahoo! Finance
777 agreed to buy majority owner Farhad Moshiri's 94% stake in the club in September, but uncertainty is growing over whether they can get the deal over the line. Over the last two weeks, the Miami-based investment firm has come up against accusations of fraud and suffered financial difficulties in other parts of the business. Moshiri has held talks with 777 this week as he looks for clarity regarding their situation, and whether they have the cash available to pay off a £158m loan owed to MSP Sports Capital. But in a memo seen by BBC Sport, 777 have now appointed a team from Los Angeles-based firm B Riley Financial to help with "various operational challenges". The memo added a "highly skilled consultant" will be working closely with the 777 team to "rationalise" the business and select the "most profitable path forward for our investments". 777 declined to comment. Moshiri holds 777 talks amid Everton takeover uncertainty Potential Everton buyers 777 accused of fraud Show less Read more
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