"Under pressure from insurance regulators in Utah and South Carolina, A-CAP appears to be liquidating every investment it can from the 777 Partners empire in order to keep its own wolves at the door. Its expected return on the loans it made to Everton, which were worth just over 200 million pounds, amounts to just 66 million pounds in cash plus preferred equity. This equity cannot be converted for seven years and pays a small annual dividend at compounding interest. Also included in the deal are warrants allowing it to take a stake of up to ten percent of the club. This is the deal agreed with the Friedkin Group, which hopes to do what 777 Partners failed, and complete a takeover of the Premier League club."
https://josimarfootball.com/2024/10/07/777-partners-in-crime/
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