Everton FC’s takeover saga with 777 Partners has been a long and arduous process, filled with setbacks and uncertainties. Despite the numerous obstacles, 777 Partners remain committed to acquiring the club, but their motives and financial capabilities have raised concerns among fans and the Premier League.
The Fan Advisory Board has recently released a statement outlining the club’s plan should the takeover fail. According to the statement, a share purchase agreement is in place until May 31, giving 777 Partners the opportunity to acquire a majority shareholding in the club. However, the club has also confirmed that alternative scenarios are being explored in case the acquisition does not complete.
Many fans and experts believe that 777 Partners’ takeover would not be in the best interest of the club. The company’s financial backing and motivations have been questioned, and their track record with other clubs, such as Standard Liege, has raised concerns about their ability to manage a club of Everton’s size and stature.
The current owner, Farhad Moshiri, appears to have “checked out” mentally, accepting loan after loan to keep the club afloat. This has left the club in a vulnerable position, and the possibility of a summer without an owner could be devastating.
The Fan Advisory Board has requested an emergency meeting with the club to express their concerns and seek clarification on the takeover situation. The board’s statement has alleviated some concerns among fans, but the uncertainty surrounding the club’s future remains.
As the deadline for the takeover approaches, fans are anxiously waiting to see what the future holds for their beloved club. The possibility of 777 Partners being in charge is seen as a worst-case scenario, and many are hoping for an alternative solution that will ensure the long-term stability and success of Everton FC.
With half of May left to go, the situation is still fluid, and fans are patiently awaiting the outcome of this protracted takeover saga. One thing is certain, however – Everton FC deserves better than to be a pawn in 777 Partners’ game, and the club’s historical standing and stature demand a more suitable and sustainable solution.