Everton Faces Uncertain Future as 777 Partners Miss Takeover Deadline
Everton Football Club is currently facing an uncertain future after the US-based consortium 777 Partners missed the deadline to complete the takeover of the club. The consortium had agreed to purchase majority owner Farhad Moshiri’s 94% stake in the club back in September 2023, but failed to meet the required conditions of ownership set by the Premier League.
Despite persistent delays and ongoing discussions, the deadline for the share purchase agreement passed without resolution, leaving Everton to “assess all options for future ownership.” The club assures fans that they will continue to operate as usual as they explore alternative ownership options.
Moshiri, who acquired a controlling stake in the club in 2016, has faced backlash from supporters due to poor performances on and off the pitch. Everton’s financial struggles, including significant losses and points deductions for breaching the Premier League’s Profit and Sustainability Rules, have added to the club’s challenges.
The failed takeover by 777 Partners has sparked criticism and calls for alternative options from fans and the Everton Advisory Board. Despite the uncertainty, the club remains financially stable and is committed to completing the construction of a new stadium by the 2025-26 season.
As Everton navigates through this period of transition, discussions with other interested parties are expected to continue, with potential new ownership deals likely to unfold over the coming months. In the meantime, the club’s focus remains on strengthening the squad and securing key player contracts to ensure a stable future.