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Journalist shares major issue behind Everton proposed takeover

More than six months have passed since Farhad Moshiri sold most of his shares to 777 Partners, but the ownership issue has yet to be resolved. 

Everton’s Fan Advisory Board wrote a letter to Moshiri urging him to throw light on plans if the proposed takeover collapses. They have also written a letter to 777 asking if they have the requisite funds to take the club forward, urging them to share their vision.

Both Moshiri and Josh Wander have responded to the Fans Advisory Board but they didn’t disclose every detail because of takeover confidentiality.

The lack of communication from Moshiri has been frustrating as the Toffees appear to be embracing an uncertain future. Everton are already facing the prospect of losing more points for breaching the Premier League’s Profitability and Sustainability Rules, and they could be in real danger if the 777 takeover doesn’t get the Premier League’s approval. 

New York Times journalist, Tariq Panja, says that if the Premier League gives the go-ahead for the takeover to be completed without giving proper answers, it would lead to chaos. He suggests that the major issue lies with Moshiri and the 777 Partners.

Panja wrote on X: “That there are issues with 777 is beyond doubt. Multiple news reports/published lawsuits are proof as is the fact a deal described as expected to complete at end of last year remains uncompleted. Issue lies with current owner and 777. Imagine chaos if PL cleared without answers.”

Everton stuck in limbo

Last week the Premier League gave indications that they are willing to give the green light for the takeover go through but the 777 were asked to meet certain criteria.

The Miami-based group has assured that they would agree to the demands, and the final verdict is expected anytime next month.

There are suggestions that Moshiri wanted to sell the club badly, and there weren’t any buyers available to invest apart from the 777 Partners. This certainty at the club is affecting everyone, including the playing staff.

The fans deserve to know the vision of the prospective owners and what would happen if the deal didn’t go through. Everton could find themselves close to the relegation zone if they are docked more points in their second hearing.

Sean Dyche’s side are back in action in the Premier League after the international break this Saturday as they travel to Vitality Stadium to face AFC Bournemouth.

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