Everton has officially rejected 777 Partners’ long-awaited takeover, potentially welcoming new investors with open arms. The club will explore different ownership options after the failed deal with the US-based consortium that had the majority stake. Premier League’s strict regulations delayed the takeover process, leading to financial difficulties for Everton.
Despite facing penalties for breaching financial rules, Everton managed to secure a spot away from the relegation zone. Majority shareholder Farhad Moshiri is now on the lookout for other potential buyers, including John Textor from Crystal Palace. The agreement between 777 Partners and Blue Heaven Holdings Limited has lapsed, prompting Everton to assess future ownership prospects.
Acknowledging the financial assistance provided by 777 Partners, Everton will proceed with business as usual while evaluating all available ownership choices. The board extends its gratitude to the fans and stakeholders for their patience during this process. Further updates on the club’s future will be communicated through official channels in due time.
