The deadline for possible Everton owners 777 Partners to invest in Brazilian club Vasco da Gama is on Thursday, October 5.
They were expected to put £15.9 million into the club at the beginning of September, and they were given a one-month extension but still did not complete it, according to Globo on 5 October.
Vasco will have the opportunity to regain control of the club if this is not completed by Thursday by repurchasing their shares for a symbolic price of R$1k (about £160).
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The goals of 777 Partners are crystal clear: they want to make a reputation for themselves in football and maximize their returns on their investments in various teams.
Many teams, including Genoa C.F.C. in Italy, Standard Liege in Belgium, Red Star F.C. in France, CR Vasco da Gama in Brazil, and Hertha BSC in Germany, have been taken over by them.
However, there have been some issues at a few teams, particularly their current tale at Vasco, where things haven’t always been as they seemed.
By the fifth of September, they were meant to invest £15.9 million in the club, but they failed to do so, and now another deadline has passed.
According to these claims, 777 Partners don’t appear to be any better than Farhad Moshiri, who has a very poor reputation as an owner.
The hope of Everton supporters is that they do have detailed plans to steer the team in the correct path.
