Of all of Everton’s ongoing issues this season, the takeover has arguably been the most frustrating.
After all, whilst the PSR drama has caused mass controversy, and the on-pitch performances have remained as turgid and unwatchable as ever, neither have been as shrouded in mystery as 777 Partners’ attempts to assume control of the Toffees.
Having often been pushed back, made minor steps forward, been given a clear set of conditions and now failed to meet them, they are somehow still frontrunners for the post.
And now, they have been handed yet another lifeline by one former interested party.
777 Partners learn new loan repayment deadline
As penned in The Guardian, 777 Partners have reportedly now been told the new deadline to which they must adhere if they are to take over at Everton.
That time constraint related to loan repayments to MSP, with both parties engaging in ‘crunch’ talks just yesterday, with the conclusion published just after the 6-0 drubbing at Chelsea.
Alan Myers reported that an extension had been granted, thus keeping the Miami-based firm’s takeover dreams alive, but only temporarily.
After all, this latest piece, penned by journalist Simon Goodley, now tells us exactly when we can expect a final answer.
He writes: ‘One source close to negotiations told the Guardian that a deal had been agreed over money owed by the club to a consortium made up of another US investment firm, MSP Capital, as well as the businessmen Andy Bell and George Downing. The length of extension granted was said to be “weeks not months”, and repayment of the debt is a condition of 777 taking over the club.’
How many chances will the Premier League give Everton?
Just when it seems like 777 Partners are finally going to be dismissed for failing to stump up the necessary assets to take over Everton, they keep finding a new way back in.
How many chances are they, and by extension the club, going to get?
It truly is mind-boggling, that both the division and Farhad Moshiri can still sit there and justify their potential takeover when the funds are clearly not in place for them to buy the club, let alone run it.
Turning Everton around is far from an easy task, and not only will it require a lot of intelligent footballing people, but it will also need a vast fortune too.
At this moment in time, it could be questioned whether 777 Partners have either, and should they once again fail to meet the requirements before this new deadline, it would be no surprise to see it extended once again, just delaying the inevitable and maintaining unrest at the club.
