Paul Joyce shares when Farhad Moshiri Everton sale transaction will be finalised subject to approval
777 Partners have signed an agreement to purchase Farhad Moshiri’s 94.1% stake in Everton, with the transaction expected to be finalised in the fourth quarter of 2023, according to Paul Joyce.
The Times journalist shared via his personal Twitter account on 15 September that the deal is still subject to regulatory approval, but the agreement has been signed by all parties.
Everton released an official statement via their official club website which confirmed the agreement, with 777 Partners now set to take over the majority ownership if their takeover is approved by the relevant parties.
A controversial move
As much as there have been no shortage of calls for Moshiri’s stake to be bought out, there are plenty of concerns surrounding 777 Partners’ eligibility to run the club, with further issues arriving on a seemingly daily basis.
Fans of Belgian side Standard Liege protested against their ownership at their most recent game, displaying a banner which claimed 777 were “destroying” the club after they finished in sixth place and have had a very poor start to the current season.
Even more recently, concerns were raised by the company’s late £900,000 payment to another one of their sporting partners in the British Basketball League, with the payment over a month late causing the BBL to be late in paying beneficiaries [Daily Mail, 13 September].
Everton fans overall will be pleased that Moshiri has finally made his bow, having been the source of plenty of frustration and the blame for the recent relegation struggles at Goodison Park which saw the side survive on the final day last season.
In other Everton news, Paul Merson delivered his prediction for the clash with Arsenal.