Everton takeover timeline update emerges with 777 in advanced talks, sources spoken to
777 Partner’s takeover of Everton could be a while away despite both sides wanting a deal “done quickly”, according to i News.
The newspaper reported online (12 September) that none of the sources they’d been in contact with “wanted to put a timeline on the agreement”, despite earlier reports suggesting a deal could have been reached “as early as the middle of this week”.
Both parties, 777 Partners and Farhad Moshiri, believe a deal can be reached but it could take “a couple of months”.
Delay, but no dismay?
Toffees fans will be keen to see a takeover come through as quickly as possible, but this news does give them growing confidence that a sale will be sanctioned, even if it’s not as soon as they’d like.
With frequent protests regarding his leadership and a seeming waste of his £750million investment since 2016, a change at the top has been wanted for a long time.
The sources in contact with i News claim a deal with 777 could result in a full sale of the club, not just a 25% stake that previous suitors MSP Sports Captial were eyeing up. This means Moshiri would be out of the club for good, something many Toffees fans want.
It seems a fair trade-off to wait a bit longer for a sale if it means Moshiri is gone. The Miami-based 777 Partners own stakes in a large group of other football teams including Sevilla, Genoa, Hertha Berlin and Standard Liege, meaning they could hop on the growing trend of multi-club ownership.
Both parties are keen on a deal to go through, and if 777 Partners own a wide array of clubs, Toffees fans will be confident that the Premier League will sanction the takeover.
It may take a little longer, but the Toffees could soon face a fresh chapter in their history.
In other Everton news, talkSPORTS pundits were left shocked after a Toffees flop has been linked to a Champions League move.