Alan Myers shares new timeline for 777 takeover at Everton
The regulatory process around 777 Partners’ takeover of Everton is expected to be completed in December, according to Alan Myers.
The Sky Sports journalist shared the news via his personal Twitter account that the purchase of Farhad Moshiri’s shares in the club are still undergoing regulatory checks, but that process will be completed by the end of the year.
This will be good news for Everton fans, with hopes beginning to emerge that the takeover can be complete in time for the January transfer window if all of the necessary checks are cleared.
Timeline now in place
With the decision set to be made in December, Everton fans now have a clear timeline in place, where they now know when they can expect news about the takeover and whether it will or won’t be approved by the relevant regulatory bodies.
These bodies include the Premier League, the FA and the Financial Conduct Authority, all of whom will look into the legitimacy of the takeover both from an eligibility point of view and also assessing the source and the depths of the funds 777 have.
The group and the club are thought to be confident about the outcome of the checks, particularly given the vast portfolio of clubs in other countries 777 already own, which serve as proof they have the money to run a football club.
If this deal can get over the line before the January transfer window, there is a chance the club can start spending, although the Financial Fair Play issues will continue to loom over the club regardless of who owns it.
In other Everton news, a problem has emerged already regarding Jack Harrison’s move from Leeds.