I guess the Premier League are continuing to stall.
777 basically threw down an ultimatum, saying they weren't going to lend Everton anymore money past a certain point. We all know Everton are essentially bankrupt at this point, and the loans from 777 are the only thing keeping them solvent. It seems the Premier League have decided to call their bluff.
I still don't get what the PL's endgame is here though. Regardless of whether Everton deserve a bunch of shysters like 777, I stand by my assertion that letting them into the PL sets a very dangerous precedent, that could spark a free for all of speculative hedge funds ready to asset strip small to mid sized clubs. The pretzel shaped logic the PL would need to approve this takeover would make some of PGMOL's worst decisions seem solid by comparison.
My hope is that the PL are fine with Everton going into administration; and that from their perspective if 777 are serious about a takeover of a distressed asset, they won't be bothered either. If Everton go bust, does 777's interest end?
It might also be that the PL are tired of Everton's bullshit and the self-important, self-entitled arrogance of their fanbase, and wouldn't mind seeing the back of them.