Dan Plumley has insisted that there are still weeks to go before the proposed 777 Partners takeover of Everton is potentially completed.
With the Premier League delaying their decision over the takeover so far, an independent oversight panel will also need to give the green light after that if successful.
The football finance expert admitted that there are still weeks to go before anything is made official, with the deal stalling before it even gets close to the finish line.
“It does take a little bit of time,” he exclusively told Goodison News.
“It’s in there to give that independent nature of it as well which is obviously important further down the line when you’re looking at things that are coming to pass and was everything checked?
“The due diligence, it has to be that way, whether people like it or not, but it’s another green light you’ve got to get.
“If you’re stalling at the first set of lights with the Premier League, then that’s going to be a delay and the independent panel will have all manner of other things going on as well.
“These things do get held up sometimes, and as I say, we’re still way off a resolution which is again, not great for the club, as it stands and all the things that are happening there given the short-term of finishing the season, but it’s going to take a few more weeks to get this over the line, at least.”