Everton takeover: 777 furious at lazy Premier League as ‘standard’ delay close to doubles.

The Premier League’s lack of urgency to make a decision on the Everton takeover bid is causing increasing frustration with 777 Partners, according to talkSPORT.

The outlet reported via their website on 23 February that the “standard timescale” for a decision like this is supposed to be 12 weeks, but the Toffees are now entering their 24th week since a deal was announced between the Americans and Farhad Moshiri on 15 September.

A “standard” 12-week wait would have seen the deal ratified in early December, but as February draws to a close there is still no answer.

The Premier League has instead asked 777 Partners, who have provided over £150million in loans for the club’s running costs during the delay, to provide information on their funding, which the company believed they had already done.

Premier League still kept Everton waiting

If the process has now stretched to almost double the usual length of time then plainly there is an issue somewhere.

Whether the responsibility belongs with 777 Partners or the Premier League is impossible to determine, but neither outcome is particularly favorable for the team.

On one hand the Miami-based corporation has offered tens of millions in loans to keep the club running, whilst the Premier League has penalized the Toffees twice in the same season for profit and sustainability breaches, where the appeals panel is also keeping the club hanging.

On the other hand if the prospective new owners have provided incomplete or unsatisfactory information it will set alarm bells ringing when there have been frequent reports suggesting their are unsuitable to takeover at Everton and their insurance arm was just hit by a second credit rating downgrade in three months.

Quite what boat the club will be left in if the takeover is not confirmed by the league and 777 consequently stop providing working funds is a terrifying scenario.

Because if it isn’t going to be the Americans then Farhad Moshiri will need to start supporting the club again or an alternative bid is going to need to arise out of the shadows fairly rapidly.

In other Everton news, Richard Keys and Andy Gray have ripped up a Toffees player for his struggles.

Everton takeover: 777 upset at slack Premier League as ‘standard’ delay close to doubles

Everton takeover: 777 furious at lazy Premier League as ‘standard’ delay close to doubles.

Premier League still kept Everton waiting

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