Everton takeover could be over before it begins as ‘explosive’ 777 Partners update emerges
Everton have had more ups than downs in recent years, but the recent news that the club will be taken over will have overjoyed all connected with the Toffees.
Farhad Moshiri’s controversial reign as owner is seemingly coming to an end, which is welcome news to supporters given their frustrations with the owner, which involved several protests at Goodison Park.
However, as per the official Everton website (15 September), Moshiri has agreed to sell his stake in the Merseyside outfit to 777 Partners.
The US investment firm have a vested interest in football, having already made agreements with the likes of Genoa, Vasco Da Gama and Standard Liege among others.
But things haven’t always gone to plan at those clubs since they fell under 777’s umbrella, and that could be the same for Everton.
The Miami-based firm have hit plenty of headlines since their deal with Moshiri, but the latest will be of huge concern to the Toffees, with Josimar (4 October) reporting that 777’s source of funding is now at the centre of an “explosive new legal complaint.”
The publication reported that Josh Wander and Steven Pasko, co-founders of the group, are both named personally in the case that was filed late last month in the Court of Chancery in Delaware, USA.
Josimar added that “the allegations contained within it could threaten to derail the takeover of Everton,” meaning it could potentially be brought to an end before it even begins.
The Toffees confirmed in their statement last month that the closing of the transaction is expected to occur in the fourth quarter of 2023, but it remains to be seen if 777 make it that far amid this latest reveal.
In other Everton news, a Toffees youngster has sent a message to a Real Madrid player after their Champions League win against Napoli.