Farhad Moshiri has been told by the Everton Fan Advisory Board 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 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.
READ MORE: Everton takeover - Farhad Moshiri and 777 Partners hold face-to-face talks as concerns growThe 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.
“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.”
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