'Group is going away' - Club CEO confirms Everton deal as 777 set to fold at 3hr+ private meeting

The Friedkin Group have an agreement in place to end 777 Partners’ interest in Everton, Andres Blazquez has confirmed.

The Genoa CEO spoke at a behind-closed-doors meeting with representatives of the Italian side’s fan groups that lasted more than three hours, according to Calcio Finanza on 4 October, where he discussed the stricken American firm offloading their other football clubs.

777 tried and failed to add Everton to the likes of Red Star FC in Paris and Standard Liege last season, but lent £200million over that time which the Friedkin’s were believed to have agreed a deal to satisfy, and Blazquez confirmed as such.

He said, via Calcio Finanza: “Red Star Paris is being sold, Standard Liege is too and for Everton an agreement has been made with the Friedkin family. [Johannes] Spors, is the Sporting Director of the group but at the moment the group is going away and I don’t know what it will do.”

A-Cap took over Everton debt from 777 Partners

The Friedkins were reported to have struck individual agreements with the various interested parties involved in the Everton ownership situation as they returned to the fold to secure a takeover deal ahead of John Textor last month [Alan Myers, 23 September].

The deal between the Roma chief and Farhad Moshiri was confirmed by the Toffees without going into specifics other than to state the move was subject to regulatory approval.

Since then lawyers acting for long-time club creditors Rights & Media Funding Ltd. have confirmed an agreement has been reached there [BCLP, 24 September], and now Blazquez has clarified a deal on the 777 money.

With 777 disintegrating as he said A-Cap have since taken over the debt which is caught in the middle of a legal dispute in the US.

Complications relating to the case, where A-Cap and 777 have both been accused of fraud by Leadenhall, which they deny, caused TFG to dramatically abandon their takeover in July [The Athletic, 19 July].

But after swooping back in it is believed there is full confidence in their new plan to pay off that debt being successful, despite a recent challenge to the deal from Leadenhall [Liverpool Echo, 3 October].

In other Everton news, the Toffees are looking to start further talks over the future of a key star man.

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