According to iNews, the Premier League has verbally confirmed to 777 Partners that a face-to-face meeting regarding the proposed Everton takeover will occur this week.
On Tuesday (5 March), the newspaper’s website reported that sources have revealed 777 Partners, the US investment firm, is anticipating that the upcoming talks will help resolve the current obstacles impeding the progress of the deal at Goodison Park.
It added that the meeting will address the group’s source of funds and its ability to fund the club over a three-year period, while the prospective owners believe any discussions will be about clarifying answers it has already supplied to the league and is desperate for some “urgency” to be injected into the situation.
Everton need resolution over 777 takeover
It’s pretty clear that this situation has dragged on far too long already as the Premier League decides whether or not 777 is the right fit for Everton.
While the league has a duty of care and must go into great detail about the company’s suitability, there is surely no reason for it to go on for this long, just like it did for the Toffees’ points deduction saga.
But this meeting between the league’s chiefs and the group should hopefully start to make the situation clearer to ensure a resolution can be found soon.
Should the deal fail to receive approval, Farhad Moshiri must swiftly devise strategies to safeguard the club’s financial stability at Goodison.
The outcome of the talks remains uncertain, but considering the negative publicity surrounding 777, prospects for a successful takeover seem dim.
Additionally, in Everton-related updates, Farhad Moshiri has been presented with a proposed takeover solution from 777 Partners amidst the concerning state of affairs at Goodison Park, described as “appalling.
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