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A BBC correspondent discusses whether the takeover of Everton by 777 Partners will be finalized this week.
According to Shamoon Hafez, there won’t likely be any updates on 777 Partners’ acquisition of Everton this week, which was originally scheduled as the takeover’s completion date.
The BBC Sport correspondent revealed that there is still no word on whether 777’s initial 12-week window, which was set when it agreed to buy Farhad Moshiri’s majority stake in the club, will expire after this week.
Hafez said that after 777’s owners and directors pass their exams, the Premier League will make the ultimate decision about the
Hafez shared the update via his personal Twitter account on December 4, as he wrote: “Into week 12 since Moshiri agreed to sell his majority stake in Everton to 777 Partners, the timeframe given for completion.
There is likely to be no news this week as investigations continue. The important thing to remember is that, after their owners and directors’ test, the Premier League has the last word.
The deal continues to drag on
Having already dragged past the original timeline set for the completion of the takeover, there is still no clarity as to when, or even if the deal will be completed or when the decision from the Premier League will be heard by 777 and Everton.
You can imagine, given the uproar from Everton fans towards the Premier League in recent weeks, the reaction if 777 aren’t granted permission by the league to complete the takeover, but the longer the process goes on, the more uncertainty seems to emerge.
Initial concerns surrounding the source of 777’s funding have only heightened in recent weeks, with the group unable to provide the requested audited financial documents to undergo the relevant checks, while multiple reports have questioned the stability of their income.
With concerns surrounding the group having been a key sticking point since the beginning, the fact that the investigation will drag on beyond the expected timeframe may be a worrying sign as far as Everton are concerned as we await the final Premier League decision.