Sport

Purchase of Everton by 777 heads for extra time as it seeks to delay purchase of struggling club

The Miami-based firm had aimed to close the purchase of the Premier League football club last week

Seamus Coleman of Everton is challenged by Alex Moreno of Aston Villa during the Premier League match between Everton FC and Aston Villa Picture: Getty

Investment firm 777 Partners LLC has pushed back its target date for buying Everton FC to the end of next month and is asking for more time to repay a £158 million ($198 million) loan related to the club’s new stadium, according to a person familiar with the situation.

The Miami-based firm had aimed to close the purchase of the Premier League football club at the end of this week, said another person close to the matter. ...