Everton takeover news signals end is finally nigh for Farhad Moshiri rein
Everton football club are finally close to being sold in a deal worth around £600m, according to Daily Mail bringing an end to a dark Farhad Moshiri cloud at Goodison Park.
The Toffees are desperately looking for fresh investment to ease their financial issues, with a report on 24 April claiming that 777 Partners are close to completing a deal with the majority shareholder.
A report from Sky Sports on 25 April revealed that Moshiri is considering offers from up to five parties with different levels of interest but his preferred option is still MSP Capital for a minority stake.
Liverpool ECHO revealed on 5 May that MSP Capital are the most advanced in a potential takeover after a visit to the new Everton facility Bramley-Moore Dock.
However, according to a latest report from Daily Mail revealed late on 17 May, American investment fund 777 Partners are the preferred bidder to take over at Goodison Park.
“A deal is expected to be concluded by the start of next week as they fight to save their new stadium build as well as their Premier League future.
“Mail Sport understands American investment fund 777 Partners are the preferred bidder, although sources insist they are demanding a Premier League guarantee in order to conclude their sale. Everton want the deal done at high speed”, the report reveals.
According to Sky Sports news editor Alan Myers [18 May] MSP are still in the race and nothing has been finalised thus far.
Taking to his Twitter account, Myers wrote, “They are definitely in the mix but as I understand it no decision has been made yet, MSP still also involved as reported previously.”
Despite Myers’ news, things seem to be finally gathering pace at Goodison Park which comes as pleasing news for the Everton faithful, given they’ve been living under a dark Moshiri cloud for so long.
Since Moshiri’s appointment in 2013, the Blues have been wrapped up in endless upheaval and controversy, leading to plenty of fan protest and unrest.
Everton find themselves in serious turmoil, with the club revealing their dreadful and torrid financial state meaning that should they suffer relegation at the end of the season, it could have damning repercussions such as administration.
What has made matters worse, is the FFP investigation the Blues are now wrapped under which certainly won’t help their future sustainability and long-term planning, especially with a new stadium currently in the works.
This has largely been down to Moshiri’s horrendous mismanagement and incompetence. It’s certainly time to move on and it’s evidently clear that every Everton fan is desperate for news on what’s going on regarding any potential takeover.
With news emerging over the last 24 hours regarding a potential £600m sale, the Toffees faithful are getting closer and closer to ending their sorry association with a majority shareholder who simply does not know how to run a successful club.
The end is certainly nigh for Moshiri and should Everton manage to beat the drop come the end of May, it represents a welcome double boost for a fanbase which has suffered for so long.
Change is desperately needed on the blue half of Merseyside and the first steps to achieving that involve Moshiri taking them through those Goodison Park exit doors.