Shareholders Push for Resolution on Everton Takeover Bid

Although Everton might be free from the threat of relegation, there is ongoing chaos behind the scenes.

Everton shareholders are pressuring Farhad Moshiri and the Premier League to reach a conclusion about the club’s future.

The Toffees, who faced two separate point deductions due to financial issues, secured their Premier League status after defeating Nottingham Forest, Liverpool, and Brentford in a span of six days in April.

Despite securing their place in the Premier League, Everton is still embroiled in off-pitch turmoil, with Moshiri, the majority shareholder, looking to sell the club to 777 Partners, an investment firm based in Miami.

Controversy surrounds 777 Partners and its co-founders Josh Wander and Steve Pasko, adding to the uncertainty surrounding the potential sale of the club.

Eight months have passed since Moshiri expressed his desire to sell his stake to 777 Partners. However, the group has yet to pass the Premier League’s Owners’ and Directors’ test.

Although 777 injected over £200 million into Everton for operational purposes, the firm is now facing multiple legal challenges, including a lawsuit filed by Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund plc in New York.

Concerned with the situation, Everton’s shareholders issued a statement criticizing the prolonged ownership process and urging the Premier League to take decisive action.

The statement emphasized the need for a timely decision and questioned the suitability of 777 Partners as prospective owners of Everton Football Club.

The shareholders expressed frustration with the lack of progress and demanded a resolution to the ongoing uncertainty surrounding the club’s ownership.

Everton is set to face Sheffield United and then travel to Arsenal to wrap up their season.

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