Everton takeover: Farhad Moshiri holds 777 talks amid uncertainty surrounding the sale of the club

Farhad Moshiri has held crisis talks with 777 Partners as uncertainty surrounding the protracted takeover continues to dominate the headlines.Farhad Moshiri has held crisis talks with 777 Partners as uncertainty surrounding the protracted takeover continues to dominate the headlines.
Farhad Moshiri has held crisis talks with 777 Partners as uncertainty surrounding the protracted takeover continues to dominate the headlines.
Everton's Fan Advisory Board (FAB) wants the Premier League to dismiss 777's takeover bid and to "allow discussions with more suitable owners" to take place.

Everton majority owner Farhad Moshiri has held crisis talks with 777 Partners as uncertainty surrounding the protracted takeover continues to escalate. Miami-based investment firm 777 agreed to purchase Moshiri's 94% stake in the club last September, but there are fears the deal could now collapse due to the company's financial issues which has hit the headlines in recent days.

On Monday 6 May, football publication Josimar reported that the two main creditors of 777 in Belgium are asking for the seizure of all assets held by the firm in the country after they allege that 777 defaulted on payment deadlines. Further reports from Belgian publication Le Soir also reported that  777-owned side Standard Liege's had not paid their players in April and that they will not receive payment until the end of the season.

Hide Ad
Hide Ad

BBC Sport understands that Moshiri, who has been majority owner of Everton since 2016, is considering pulling the plug on the deal as he grows increasingly frustrated with the situation. Meanwhile, groups linked to Everton are becoming increasingly worried about the deal and have spoken out against the takeover, whilst raising concerns about the Premier League’s fit-for-purpose process.

Everton's Fan Advisory Board (FAB) wants the Premier League to dismiss 777's takeover bid and to "allow discussions with more suitable owners" to take place. The group will meet with Moshiri at the end of the current season to discuss the issue, with Everton’s status in the Premier League now secure, despite incurring eight points worth of deductions.

Related topics:

Comment Guidelines

National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.