There is reportedly another group looking to purchase Everton as 777 Partners’ wait for Premier League approval continues.
It’s been a painfully slow process for the Miami-based group. Nearly eight months have passed since an exclusivity agreement was reached with Farhad Moshiri.
777 were set to acquire the 68-year-old’s 94% stake and there have certainly been mumblings of positive news.
There were suggestions last month that the Premier League were minded to approve their proposed takeover as long as conditions were met.
However, recent news suggests no progress has been made regarding a potential end date.
Evertonians, along with 777, are all clamouring for a resolution. And the delay has even led to interest to reportedly emerge from elsewhere.
Another group are interested in buying Everton as 777 Partners wait continues
According to The Times [Friday, April 5], another group are interested in purchasing the club – and here are further details.
Paul Joyce writes: “Moshiri’s plan B — if there is one — is unclear. There is interest from another American group, which does not have a sporting background but is believed to be cash-rich, but they remain in the shadows.”
So, if reports are to be believed, another wealthy US-based investor is potentially waiting in the wings should 777 fail to gain Premier League approval.
Could this be a blessing in disguise?
What is 777 Partners’ reputation like now?
777 Partners’ reputation is far from glittering.
Talking on the Price is Football Podcast, football finance expert Kieran Maguire pinpointed the ongoings at Standard Liege as a “red flag”.
“We’ve seen information come out that within the 777 staple of clubs we have Standard Liege,” he said.
“For the last three months, they’ve paid their wages late. These are red flags upon red flags upon reg flags.”
Another issue surrounds their source of funding. According to The Athletic, Everton’s perspective buyers saw a “major” source of their New York funding turned off in February.
Considering all the concerns, another potential owner may not be the worst thing for Evertonians.