Everton takeover: 777 Partners receive verbal confirmation from Premier League in new twist
777 Partners has received verbal confirmation from the Premier League that a face-to-face meeting will take place this week over the proposed Everton takeover, according to iNews.
The newspaper reported on its website on Tuesday (5 March) that sources have indicated that the US investment firm is hoping the talks will “go some way to unsticking” the issues that have currently held up the deal at Goodison Park.
It added that the meeting will address the group’s source of funds and its ability to fund the club over a three-year period, while the prospective owners believe any discussions will be about clarifying answers it has already supplied to the league and is desperate for some “urgency” to be injected into the situation.
Everton need resolution over 777 takeover
It’s pretty clear that this situation has dragged on far too long already as the Premier League decides whether or not 777 is the right fit for Everton.
While the league has a duty of care and must go into great detail about the company’s suitability, there is surely no reason for it to go on for this long, just like it did for the Toffees’ points deduction saga.
But this meeting between the league’s chiefs and the group should hopefully start to make the situation clearer to ensure a resolution can be found soon.
If the deal isn’t going to get the go-ahead, then Farhad Moshiri needs to be putting plans in place soon to secure the club’s future due to the perilous financial situation at Goodison.
It’s hard to say exactly how this will pan out after the talks, but given all the bad press 777 has received, it doesn’t look too promising that a takeover will take place.
In other Everton news, Farhad Moshiri has been provided with a 777 Partners takeover solution amid the “appalling” Goodison situation.
For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.