Just now: The 777 Everton takeover disaster might be revealed in a matter of hours as the transaction is in shambles.
Just now: The 777 Everton takeover disaster might be revealed in a matter of hours as the transaction is in shambles.
Despite all of the turbulence Everton supporters have experienced this season—both off and on the field—they may relax knowing that their team will play in the Premier League next year.
With possible point deductions and administration being discussed as 777 Partners works to finalize their purchase, Sean Dyche has had to deal with some of the most difficult situations that any Premier League manager has ever encountered.
The Miami-based company’s already sluggish takeover has entered a new phase as a result of fresh legal action alleging 777 and its co-founder Josh Wander of running a fraudulent scheme.
Moshiri now questions the American company’s financial stability, and co-founders Wander and Steve Pasko were ousted from the board of the football division after insolvency specialists were consulted. As a result, the American company’s attempt to acquire control of Goodison Park looks to be dangling by a thread.
According to reports from i News on Friday, May 10, the acquisition offer was anticipated to be terminated in a few days, and as of Monday, February 13, neither party has made an official statement.
Will Everton at Goodison Park be completely taken over by 777 Partners?
Moshiri is the only person who can predict with certainty when an announcement of this kind will be made on Merseyside, but there’s a good chance it will happen within the next 24 hours, giving the Toffees time to look for other buyers.
Although it has long been hinted that there have been other suitors for the Blues, Moshiri has persisted on working with 777 and chosen to engage in negotiations with them alone.
You would think that he would be eager to sever relations with the Miami-based company now that even he is left wondering if they can actually finance Everton and finish their takeover.
It would be best for everyone if this agreement was terminated by the end of Tuesday, May 14, so that a substitute could be found, as there has seemed to have been very little movement made toward this takeover over the last eight months.
Hopefully, Moshiri will come to his senses and Everton supporters will be able to finally understand.
