Sport nationEverton owner Farhad Moshiri has flown to Spain for emergency talks with George Downing and Andy Bell, according to reports. The meeting is aimed at finding alternative solutions to the club’s financial crisis, as the proposed takeover by 777 Partners continues to stall.
Moshiri and the club are in urgent need of additional funding to complete the construction of the new Bramley-Moore Dock Stadium and cover regular expenses. Downing and Bell, who have already invested millions in the stadium project, could potentially take over the club due to the significant amount of debt owed to them.
The crisis talks come after Moshiri admitted he was exploring alternative options to 777 Partners, who are facing financial and legal issues of their own. Despite initially committing to the 777 deal, Moshiri appears to have realized that the takeover is unlikely to succeed.
The situation is critical, with the club at risk of falling into administration if a new buyer is not found soon. The deadline for 777 Partners to complete the takeover is the end of May, and it is hoped that progress can be made with alternative buyers after that.
Fans are eagerly awaiting updates on the situation, and the Goodison News WhatsApp channel is providing exclusive coverage and breaking transfer news. In related news, the club may have received a boost in their efforts to retain Jarrad Branthwaite this summer.
The situation is complex, with multiple parties involved and conflicting interests at play. However, it is clear that urgent action is needed to secure the future of Everton Football Club.
Amina Umar
Sport nation
