The Premier League have provided an update on Everton’s proposed takeover.

777 Partners agreed a deal to buy out Farhad Moshiri’s 94.1% shareholding in September and were expected to take charge at the end of the calendar year.

But despite passing regulatory steps with both the Football Association and Financial Conduct Authority, the Premier League is yet to ratify the Miami-based investors.

Appearing before a Parliamentary select committee on Tuesday, the league’s chief executive Richard Masters explained the reason for the lack of final outcome on 777.

He said: “As soon as we have completed the process and, unfortunately, some processes take a matter of weeks, and some, if we hadn’t had satisfactory answers to the questions that we have asked, take a lot longer.”

“This has already been running for a number of weeks – it’s going to take longer.”