‘Major doubts’ emerging around Everton’s future as takeover takes another twist
Everton are facing further financial peril, as their future remains inexplicably intertwined with 777 Partners.
The Premier League has resisted Farhad Moshiri’s demands without entirely denying any involvement, following their September agreement to give Moshiri majority ownership of the team.
Consequently, the supporters and this organization have been terribly mistreated, and they now just want honest responses.
They don’t appear to be getting any this week, either, as The Telegraph has a harsh report on how things are going with the Toffees’ acquisition.
What’s the latest on Everton’s takeover?
Written by Tom Morgan, the writer provides a depressing look at why Everton is still so dependent on a company that is obviously not strong enough to eliminate any doubt about their capacity to manage a football team.
In addition to talking about how the various loans will be used, he also summarizes, in a single paragraph, the dismal future that the club will face, miracles excepted, with or without 777 Partners.
He claims that if 777 Capital’s proposed buyout is not finalized by the end of the month, “Everton’s financial future will be plunged into major doubt.” The Premier League is under increasing pressure to decide on the deal at last, as financing for new stadiums and working capital is guaranteed only until March 31.
Josh Wander and company have obviously watched a lot of Everton games, but it doesn’t seem like their desperate attempt to express their support is having much of an impact on a decision that could end up being disastrous for the team.
777 Partners remain Everton’s outstanding uncertainty
After their deduction scandal was partially resolved at the conclusion of the previous month, Everton’s focus was predicted to shift to their appalling performance.
They had not won in the Premier League since the beginning of the year, and a perfect storm seemed to be building with West Ham United at Goodison Park shortly after.
They dominated once more on Saturday, but they fell victim to old mistakes and lost flatly and uninspiredly, 3-1.
It seems like even with their semi-successful appeal, there remains an instability at Everton that needs to be solved.
The key pillar of that shakiness does stem from this takeover, which again is born of 777 Partners’ questionable financial strength and shady background.
It is no surprise that the Premier League have dawdled over this decision for many months now, but surely that alone should signify a lack of fitness to run this great institution.
The Toffees would benefit from a set-in-stone answer now, preferably rejecting the Miami-based firm, to allow other suitors to emerge and save the club from certain peril. After all, with a brand-new stadium on the horizon, and having made huge strides towards newfound financial security under Kevin Thelwell, this is once again a potential coup if the right person snaps Everton up.
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