“Reporter Reveals Latest Moves by 777 Partners in Their Bid to Acquire Everton”
The process of Everton’s takeover by 777 Partners remains ongoing, with the Miami-based company facing obstacles in their bid to acquire the club.
Despite their efforts to include Everton in their portfolio, which already features clubs like Sevilla, Genoa, Hertha Berlin, and Melbourne Victory,
the completion of the takeover has been prolonged.
The extended duration has led to speculation that another competitor might emerge with their own bid.
The situation has divided the fanbase, as many wish to see the departure of Farhad Moshiri,
the current owner, but are uncertain about the suitability of the prospective owners.
Alan Myers, a respected figure in the Everton community, disclosed that 777 Partners
provided approximately £150 million in funding to the club while awaiting approval for the takeover.
In a recent update, Myers revealed that the group has further increased its support by offering an additional £13 million loan, bringing their total commitment to over £160 million.
Despite the financial injection, the takeover approval from the Premier League is still pending.
The decision was expected before Christmas, and 777 Partners reportedly submitted the necessary information in full.
The prolonged four-month process has raised eyebrows, with concerns over the fit and proper
test for the company’s founders, Josh Wander and Steven Pasko.
Previous instances, such as the failed attempt by Reading owner Dai Yongge in 2016 to take over Hull City, highlight the importance of passing the Premier League’s fit and proper test.
Despite the uncertainties, Everton may have other potential suitors if the current takeover bid falls through.
Read more related news on sporttoday.co.uk
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