Everton takeover in doubt as buyer's airline goes bust
The Independent|May 01, 2024
Everton’s protracted takeover by 777 Partners has been brought into further doubt this week because an Australian budget airline owned by the American investment firm has fallen into administration.
RICHARD JOLLY
Everton takeover in doubt as buyer's airline goes bust

Bonza had its fleet of planes repossessed by AIP Capital, which had provided financing services to 777, the Miami-based company that has agreed to buy owner Farhad Moshiri’s 94 per cent stake in Everton.

The repossession comes as 777 needs to raise funds to complete its takeover of Everton. As part of the Premier League’s conditions to approve the deal, 777 has to repay a £158m loan Moshiri took out with MSP Capital and two Merseyside businessmen, Andy Bell and George Downing.

The deadline for that loan fell two weeks ago but 777 agreed an extension of “weeks, not months” and it has approached other lenders, including the American credit provider Blue Sky Capital, in an attempt to access the financing.

هذه القصة مأخوذة من طبعة May 01, 2024 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 01, 2024 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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