Everton owner Farhad Moshiri risks prolonging the club’s takeover saga even further if he doesn’t fully close the door on 777 Partners.
The Daily Mirror has reported that despite 31 May’s extended deadline for the US-based investment firm to seal its takeover having passed, Moshiri will not completely close the door on 777.
Moshiri reportedly feels a sense of obligation to continue his relationship with 777 after they put up over £200million of their own money to help with the Toffees’ ailing finances this season.
The Iranian had given the group over nine months to complete their takeover, to no avail, thus now is the time for Moshiri to send 777 to the back of the queue as he opens discussions with other investors.
Moshiri making huge mistake by continuing 777 Partners talks
Everton are not going to be taken over by 777 Partners. If that hasn’t been made clear enough by the last nine months’ worth of stalemate, when will Moshiri realize it too?
Takeovers, particularly at Premier League level, are complex and can take months, but the fact that Everton’s has taken nine months to get virtually nowhere is a damning indictment of Moshiri and 777.
MSP Sports Capital, George Bell and Andy Downing could be waiting in the wings, ready to step in if and when talks broke down, but even after the latest deadlines came and went, Moshiri is still unable to say goodbye.
That calls into question how much sooner these talks could have been resolved, had Moshiri been firmer with the Miami-based group – the Premier League certainly were, never being close to satisfied that 777 had the financial backing to run a club in the English top-flight.
It leaves Everton back where they started last September: wondering who will come in to end the Moshiri nightmare. John Textor may emerge as the saviour, but Kieran Maguire on 30 May doubted if he’ll be able to sell his Crystal Palace shares in time to become the club’s new owner.
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