Everton and 777 Partners were compelled to agree on a new deadline for their takeover because the previous one has now expired.
The Daily Mail journalist reported via the outlet’s website on 27 February that both parties are “increasingly frustrated” with the lack of a decision from the league office, and agree that the wait “cannot continue” beyond next month.
777 have so far provided around £190million in loans towards the club’s operating costs in the six months since the American’s agreed a deal to buy Farhad Moshiri’s 94.1% shareholding back on 15 September, when the decision was expected to take around 12 weeks.
That the firm, co-founded by Josh Wander, is characterised as “an umbrella organisation involving over 60 companies with close financial links”, has reportedly caused the Premier League “challenges” in assessing their suitability.
777 Partners will not wait past March for Everton takeover?
The current limbo doesn’t really benefit anyone so surely a decision one way or another has to come sooner or later.
Were it not for the fact that there is already major bad feeling among Evertonians towards Richard Masters and the Premier League after two profit and sustainability referrals and a major points deduction that had to be cut down on appeal, it might be seen as simply as 777 being a complex prospect to assess.
