‘Please bear with us…’ – Farhad Moshiri issues 777 assurance on takeover ‘home straight’

Farhad Moshiri, the majority shareholder of Everton Football Club, has communicated directly with the Everton Fan Advisory Board regarding the ongoing takeover by 777 Partners. This interaction comes after the Fan Advisory Board reached out to Moshiri, the prospective new owners, and the league, seeking clarity on the takeover process which has seen a delay of approximately 28 weeks since an initial agreement was made in September.

In his response, which was shared on Twitter by the Fan Advisory Board on March 29, Moshiri expressed his unwavering confidence in 777 Partners, a Miami-based firm, as the right choice to lead the club forward. He highlighted the significant progress made under CEO Colin Chong and the strategic direction provided by Sean Dyche on the field. Despite the delays in the Premier League’s approval process, Moshiri reassured fans of 777 Partners’ commitment, stating they have fulfilled all requirements set by the club thus far.

Moshiri acknowledged the frustration caused by the extended approval timeline but emphasized the importance of respecting the Premier League’s regulatory process. He assured fans that the club is in close and constructive communication with all regulatory bodies and is nearing the final stages of the takeover process. Moshiri promised to share definitive updates with fans as soon as they become available.

The response from Moshiri aims to address concerns and provide reassurance amidst speculation regarding 777 Partners’ suitability as owners and potential business complications in the US. While some fans may find solace in Moshiri’s words, others might question the absence of a contingency plan should the Premier League decide to block the takeover. The situation remains a point of contention, especially considering Everton’s history with the Premier League’s regulatory processes, including a profit and sustainability charge that led to a points deduction last year.

As the takeover appears to be in its final stages, the Everton community is eagerly awaiting the outcome, hoping for a resolution that secures the club’s future.