May 18, 2024

Everton takeover latest

Even though the Blues are playing better right now—they defeated Crystal Palace 3-2 on the road in the Premier League on Saturday afternoon—there is still a lot of anger off the field. Even if many Everton supporters are eager for Farhad Moshiri to step down and usher in a new era at Goodison Park following an uneventful tenure, his reign as the team’s owner is still going strong.

In recent months, 777 Partners has emerged as the clear favorite to acquire a controlling stake in the Blues; nevertheless, concerns over their qualifications have also begun to surface. This is a crucial period in Everton’s history because they will be moving to a brand-new stadium in the summer, therefore they need to choose wisely regarding ownership.

Nonetheless, it seems like bad news about the saga never ends, and this week has started off much worse than it did last week.

“Another red flag” in Everton takeover

Finance expert Maguire responded to what he has since learned about another concerning takeover development at Everton in an interview with Football Insider. Last week, 777 Partners suffered a significant drop in their credit ratings.

farhad/moshiri/everton

“Yes, this does look like another red flag. I think the financial credibility of any owner is critical, especially for a club as senior and as prestigious as Everton Football Club.

“Therefore, appropriate scrutiny is absolutely essential. There seems to be one bad news story after another with regards to 777. But there’s a willing seller and a willing buyer, and it’s down to fans and journalists to provide the scrutiny at present. I’m sure the Premier League is taking a very forensic approach because it’s still trying to delay and discredit the independent regulator.

“If it was seen to give a green light to 777 with a light touch approach, that would add further evidence that a regulator would be beneficial.”

This is an update that is again going to cause a huge amount of frustration and concern within Everton’s fanbase, when they must be absolutely desperate to see the takeover go through smoothly.

Everton’s last five matches Competition
Crystal Palace 2-3 Everton Premier League
Everton 1-1 Brighton Premier League
Everton 3-0 Burnley FA Cup
West Ham 0-1 Everton Premier League
Liverpool 2-0 Everton Premier League

There are reasons to be positive at the moment, not least because Sean Dyche appears to be improving as manager all the time – the Merseysiders have won three of their last four matches, in all competitions – but the issues surrounding 777 Partners keep acting as an unnecessary distraction to the team.

The longer it goes on, the more it feels as though Everton should be looking elsewhere for their new owners, and the idea of 777 replacing Moshiri and then getting the club into further financial bother doesn’t bear thinking about.

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