Everton takeover news as other parties circle around £600m 777 Partners deal
Although 777 Partners look like they are in the box seat for the £600million takeover of Everton, the purchase of the club is by no means over and done with, with other parties still circling.
The Daily Mail reported on Wednesday (17 May) that Farhad Moshiri’s unpopular reign at Goodison Park could be set to end as early as next week, with American investment fund 777 Partners seen as the preferred bidder.
However, behind them, MSP Sports Capital remain undeterred by their second favourites tag and other new parties still remain interested but are running out of time and fast.
How Moshiri has managed to entertain such interest considering the dire situation of Everton right now is unknown, but the number of potential suitors could well help drive the price of a sale in excess of the reported £600million mega-takeover figure.
The Iranian-born businessman is likely to attempt to get every penny he can out of a full takeover, considering the millions upon millions he has pumped into the club over the past few years to no avail.
Such a move from Moshiri could well bring the likes of MSP Sports Capital and other potential bidders into play.
The issue for such candidates is the timeline in which Moshiri wishes to sell the club.
With Everton precariously poised just a point above the relegation zone right now with two games of the season remaining, it seems as though he wants a quick purchase in case they were to fall into the Championship and the club’s value were to subsequently plummet.
According to the Daily Mail report, 777 Partners are demanding a Premier League guarantee in order to conclude a sale, and if Moshiri isn’t willing to give this, it certainly brings other parties into play.
The projected £600million price tag may just be the starting point as the clock ticks into the 12th hour of this intriguing Everton takeover.