Everton takeover: Supporters make new 777 Partners demand after Farhad Moshiri talks

The Everton Fan Advisory Board has called on Farhad Moshiri to allow other bidders to be offered the opportunity to buy the club given ongoing wait for 777 Partners to gain approval for their takeover.

The FAB’s statement comes a day after The Everton FC Shareholders Association demanded Moshiri recognise that the Miami-based private investment firm are not “fit-and-proper” prospective owners of the club. Everton announced back on September 15 that majority shareholder Moshiri had signed an agreement to sell his entire 94.1% stake in the club to 777 and closing of the transaction was expected to occur in the fourth quarter of 2023.

However, almost eight months on, the purchase has still yet to be approved by the Premier League board and 777 have now been accused of running a complex “pattern of fraud” to the tune of hundreds of millions of pounds, casting fresh doubts over their ability to complete the takeover. The ECHO has confirmed that Moshiri held face-to-face talks with 777 in London this week in a bid to try and gain some clarity over where the deal stands and Sky Sports’ Alan Myers has subsequently reported that he understands there are serious doubts around the 777 acquisition within the club and discussions are focused on bringing a resolution this week, and focusing on the way forward for the club.

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The FAB statement reads: “In March 2024, the Fan Advisory Board wrote to Farhad Moshiri, 777 Partners and the Premier League, all of whom have a role to play in the proposed takeover of Everton Football Club. Each replied, but ultimately the responses were predictable, cursory and without rigour in terms of finding a satisfactory resolution to a process that has now dragged on since September 2023.

“This ongoing confusion and lack of transparency cannot continue. Each party must recognise the role it is playing in sullying the reputation of one of the most storied clubs in English football history and appreciate that all the rumour and speculation is causing extremely high levels of anxiety and concern to the club’s greatest assets: their fans.”

They also make the following demands:

  • Farhad Moshiri – recognise that now is the time for other bidders to be offered the opportunity to acquire Everton Football Club

  • 777 – recognise that your inability to bring the funding necessary to consummate the original deal and the growing reputational damage you are incurring with lawsuit after lawsuit makes you unsuitable owners of EFC

  • The Premier League – recognise that it is time for you to live up to your responsibilities (as defined by the Owners and Directors Test in your own rule book) by rejecting 777 Partners in order to allow discussions with more suitable owners of our great club.