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Everton takeover situation now nears conclusion despite obstacles - Alan Myers
The Everton takeover situation is reaching its conclusion despite the obstacles that have occurred over the past few months.
According to Sky Sports news editor, Farhad Moshiri is aware that the situation is currently untenable and that he needs to act soon.
An exclusivity agreement has been signed with MSP Sports Capital, but the focus remains on avoiding relegation from the Premier League.
Myers wrote on 23 May, “That situation is untenable and Moshiri knows he must act. He has been working to make the necessary changes behind the scenes while wanting to keep the focus on keeping the club in the top flight, with a new 58,000-seater stadium due to be opened in season 2024/25.
“However, that process has been a difficult one and there have been several obstacles along the way. In reality there are protocols to follow and processes to go through, but it appears things are now reaching a conclusion.
“Relegation is not something any club wants to contemplate or prepare for and in Everton’s current financial state the determination to avoid such a scenario is palpable. It would be unthinkable for Moshiri with the new stadium on the horizon, together with the threat of an independent commission due to look into a possible breach of the Premier League’s profit and sustainability rules to come.”
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Lots of complications
Relegation opens a can of worms that nobody involved with Everton wants to right now and it’s best if they stay up.
There are sanctions, news investments, changes in the boardroom, among other things, that the club have to deal with in the coming weeks.
How it all transpires is anybody’s guess as things do not appear to be pretty clear as things stand and everyone seems to be playing it by ear.
Moshiri still remains extremely unpopular with the fans and if he’s no longer calling all the major shots, that should be a small win for them.
Still, it does not look like he’s going anywhere as of now as the MSP deal is an investment and not a complete takeover of the club.
It should go ahead by next week if things go as per plan and the most important thing for everyone right now will be to get the desired result against Bournemouth.