Everton: Premier League inch closer to takeover answer after 777 Partners news
The Premier League has agreed to meet with 777 Partners this week as they edge closer to making a decision on the Everton takeover, according to the Daily Mail.
The American investment fund had hoped to have a decision one way or another by the end of 2023, but the situation has dragged on for six months now.
However, Matt Hughes reported on Monday (4 March) that 777 co-founder Josh Wander is to meet with league officials in the coming days.
“The Premier League have given the green light to meeting with Everton’s proposed buyers 777 Partners as they inch closer to making a decision on whether to approve the controversial takeover,” Hughes wrote.
“Mail Sport has learned that league officials will finally meet with 777 co-founder Josh Wander this week to discuss bid for Everton in what the American private equity firm are interpreting as a positive development.
“777 are understood to be frustrated at the length of time it has taken to secure a meeting with the Premier League after announcing a deal to buy Everton from Farhad Moshiri last summer.”
777 Partners takeover decision at Goodison Park now imminent
Quite why it has taken this long for the Premier League to reach a decision regarding 777 Partners is a mystery.
More documents were reportedly handed over last month and it now appears we are at the final stage, a lot later than anyone originally envisioned.
Since news of this takeover first emerged, Everton have been hit with a points deduction, appealed and heard back on that decision, and been hit with a second PSR charge.
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If 777 were not aware of what they had signed up for previously, they certainly will be now.
There have been plenty of scare stories regarding the Americans, so it is understandable the Premier League wanted to be thorough with its checks.
At the same time, Everton have been left in the lurch for months now. It means that if this particular takeover falls through, the Toffees are back at square one and options will surely be limited.
All supporters want is an answer from the Premier League one way or the other. Given face-to-face talks are planned this week, you suspect that decision will be very soon.
Only then, if it is given the green light, can Everton prepare for a new era away from the Farhad Moshiri regime.
