Everton takeover update with 777 Partners close to buying club from Farhad Moshiri
A takeover of Everton is now “close” after “intensified” talks with 777 Partners brought a deal towards completion, according to Marco Conterio.
Farhad Moshiri has been engaged in negotiations on investment in the Toffees for months, with MSP Sports Capital thought to be on the brink of securing a stake in the club.
But in recent weeks 777 have overtaken and it appears now they are set to buy the club to add to their growing stable of European clubs.
Reporting via Twitter on Monday morning (24 April) the Tutto Mercato Web chief editor Conterio wrote: “777 Partners close to buying Everton in the Premier League.
“It is the holding company that owns 7 football clubs including Genoa, Herta Berlin, Standard Liege and Vasco da Gama.
“Intensified contacts with the property of EFC for total understanding.”
At last?
It is impossible to be certain that anything will go through until it is actually signed and announced when it comes to Moshiri and Everton, with how things have gone at Goodison Park in the past year.
The current Toffees majority shareholder appears to have flip-flopped between seeking a buyer, taking the club off the market, and then seeking minority investment a few times since a Peter Kenyon-fronted consortium were engaged in talks last summer.
It is widely reported that the club needs cash with the new stadium development costing hundreds of millions, but from a fan point of view it has also needed new people in charge for some time.
Supporter protests have been occurring on a regular basis for months, with the board hugely unpopular thanks to the constant crises that the club lurches between, both on the pitch and off.
A full takeover would presumably mean most of the current figures in the firing line would be moved on, with the relationship between fans and chairman Bill Kenwright broken, and exacerbated further with his open letter on Friday (21 April) to All Together Now.
This looks to be the clearest indication in some time that major changes are afoot, and with Sean Dyche’s side clinging on in the latest relegation battle, it can’t come soon enough for many.