Farhad Moshiri back in the fold at Everton amid uncertainty over 777 Partners takeover
Farhad Moshiri has returned to the behind-the-scenes running of Everton in recent weeks amid uncertainty over 777 Partners’ takeover according to Liverpool Echo.
Writing on their website (21 February), the news outlet report that the Iranian businessman has returned to the fold “prominently” in recent weeks, but is still unwilling to commit more of his own cash to the running of the Toffees.
777 Partners have provided £180m in loans to help with the running costs of the club since the agreement was reached to buy Moshiri’s stake, but the Premier League are yet to authorise the deal.
“Moshiri, understood to have come back into the fold more prominently behind the scenes in recent weeks, isn’t willing to commit more of his own money to the club, which has meant that 777 Partners have now provided some £180m in loans to the club for working capital since the takeover agreement was first announced,” they wrote.
Everton: Worst nightmare come true?
This is a nightmare for Everton fans at this stage, because the club celebrated heavily when it was announced Moshiri was essentially gone.
But in the long run it could be the best thing for the club, because it’s clear that there are big issues with 777 Partners and whether or not they’re good owners for the future.
There is unlikely to be an answer that comes from having Moshiri and 777 Partners that makes fans happy, and it may be better to have the devil we know rather than a whole new issue come in fresh.
Ultimately there is a big problem if Moshiri is back behind the scenes but not willing to commit any money to the situation, which shows how important it is that the Premier League make a decision about the ownership as quickly as possible.
The club need to be allowed to plan for the future and know what is actually happening, but right now they’re just simply in limbo. Fans will be praying for a new resolution and quickly, because this isn’t sustainable.
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