777 Partners, who already own Serie A side Genoa and are locked in troubled takeover talks for Premier League club Everton, are reportedly trying to arrange a £360m loan.
The American investment firm is based in Miami and purchased Genoa from Enrico Preziosi in September 2021.
Their portfolio also includes German side Hertha Berlin and Vasco da Gama in Brazil, but they have been trying to buy Everton for months.
They have been blocked by question marks over their financial stability as part of the Premier League’s fit and proper person tests.
The latest report from Bloomberg will not help their cause, as it’s claimed 777 Partners are in negotiations with Blue Owl Capital Inc to arrange a loan of £360m tied to building Everton’s new stadium.
This is because 777 Partners already need to repay a loan of £158m to investors including MSP Sports Capital by April 15.
If the loan isn’t repaid, there are reports that MSP could take ownership of Everton.
Although still technically owned by Farhad Moshiri, the Premier League side has seen its day-to-day financial needs covered by 777 Partners since the takeover agreement in September 2023, which includes the construction of the stadium.
Genoa are comfortably mid-table in Serie A following promotion from Serie B, but their fans are worried that the Everton project could take away potential investment from their own ambitions.