Link: https://www.dailymail.co.uk/sport/football/article-13131629/Evertons-s
But it seems to answer Chris78's point about whether the PL have the ability to reject the deal:
The Premier League have the authority to approve 777's takeover bid, approve with certain conditions attached or reject it entirely.
So, the good news is that:
The deadline for completing Everton's sale to 777Partners has already expired with both parties increasingly frustrated at the length of time it is taking the Premier League to rule on the deal.
Several other potential buyers remain interested in Everton should the 777's proposals be rejected,
Which suggests that the PL could stop this now by simply rejecting the deal on the grounds that insufficient information was provided within the 12 week period.
This brings a huge risk, however, since:
777 have provided Everton with around £190million in loans to fund the running of the club and stadium development since September, with both parties in agreement that the current arrangement cannot continue indefinitely.
Everton will require more money to continue operating until the end of the season by the end of March, which 777 will be reluctant to provide given the lack of uncertainty over achieving a positive outcome.
Points deductions are actually pretty small fry compared to the real risk that within the next month we have insufficient cash to pay our bills.
We need a quick verdict from the PL to enable us to speedily turn to an alternative buyer.
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