Everton and its fanbase have been left hopelessly in the dark whilst Farhad Moshiri still seeks a buyer for his club.
He seemingly no longer cares what happens to the Toffees, just that he recoups some of the vast fortune that he has expended over a seven-year period.
That is evident in his apparent desperation to sell to 777 Partners, despite the firm consistently failing to provide the necessary assets to get the Premier League’s seal of approval.
Nobody really understands what’s going on at the moment anymore, but Alan Myers is one of few who knows more than most. His latest update is, thankfully, a positive one.
Alan Myers offers key takeover update
Taking to X, the revered Sky Sports reporter would provide a much-needed post on the takeover in general and what has occurred in recent weeks.
Given all the misinformation and scaremongering that has been spread around the fanbase of late, it feels refreshing to have someone of his stature committing himself to the pursuit of the truth on such a key matter.
He would write: ‘The state of play: Everton are continuing to review the ongoing proposed sale of the club,’ the contractual terms to extend 777 Partners agreement expires on 31st May, majority shareholder Farhad Moshiri is continuing to explore a number of different alternatives.’
With new Everton bidders having been referenced for weeks now, it would be helpful if one of them made themselves known, not only to ease Evertonians’ worries, but also to potentially push the Miami-based firm out of contention once and for all.
Everton need a resolution to 777 Partners’ failing takeover
With Moshiri accepting loans galore from 777 Partners and whoever else might lend him money, leading to scrutiny from Simon Jordan, it does feel like a resolution is needed as soon as possible.
After all, with this method all he is doing is loading the club up with further debt, and should the Miami-based firm’s takeover then fall through, Everton will be an even less attractive proposition given how much more money that alternative buyer will have to pay.
It is a high-risk strategy which can only work out badly for the Toffees, yet nobody seems to care.
Even if 777 Partners’ businesses seem to be collapsing around them, they inexplicably remain in the race.
Moshiri needs to not only find a quick solution, but one that actually benefits Everton rather than just himself. There is far more at stake here than the fortune he serves to gain from selling.