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Everton 'are granted an extension to the deadline for a £158m loan to be repaid'... as prospective owners 777 Partners 'look to raise funds' to acquire 94.1 per cent stake in the Toffees

Everton have been granted an extension on the deadline to repay a £158million loan ahead of their proposed takeover.

Back in September, the Toffees agreed the protracted sale of the club with the American private equity firm however discussions appear to have stalled since then.

Last month, Farhad Moshiri - who will sell his 94.1 per cent shareholding in the club - urged Toffees fans to 'bear with us' as the deal entered the 'home straight'.

However, that appeared to hit another stumbling block as reports last week claimed that 777 Partners requested an extension in order to complete the deal.