Farhad Moshiri strikes shock new Everton takeover agreement as deadline emerges
Farhad Moshiri and 777 Partners have agreed an extension on their deal for the takeover of Everton, according to The Telegraph.
Writing on their website (14 May), the news outlet report the Miami-based investment firm have agreed an extension to take their agreement up to the end of the month after it initially expired last week.
The two parties will remain in day-to-day talks until then as 777 look to find the funds to complete a deal, despite being in huge financial troubles themselves including facing a lawsuit for fraud.
Farhad Moshiri and 777 Partners making a mockery of Everton
It’s become a mockery of the football club that Moshiri and 777 Partners are continuing to try and get this deal over the line despite the clear troubles it will bring.
777 Partners are battling against their own financial troubles, with several unpaid bills and there has been talk of them having to sell their assets such as Standard Liege in order to get this done.
But at the same time, Everton have got no clarity on their future and the longer this drags on the worse it makes situations as the Toffees struggle to pay their day-to-day bills like player wages without 777 loaning them money.
There are reportedly other parties involved in the process who are ready to step in and buy the club ahead of 777 but Moshiri is adamant he wants the deal with the Americans to go through despite all the issues.
This new deal just brings the club into further issues ahead of the summer, and fans will have every right to be absolutely furious as things remain unclear.
In other Everton news, one star has slapped fans in the face by no-showing the final game of the season at Goodison Park.
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