Everton’s takeover saga continues as 777 Partners deal on shaky ground, opening door for other investors

Everton’s ongoing takeover situation, led by 777 Partners, is attracting the attention of alternative investors who may step in if the proposed acquisition falters, according to journalist Paul Brown’s latest update from Goodison Park, according to GMS.

Majority owner Farhad Moshiri listed Everton for sale in January 2023 amid criticism for lavish spending. The current takeover by 777 Partners, subject to the Premier League’s scrutiny, remains uncertain. Moshiri initially sought outside investment but, with no suitable offers, reluctantly put the club on the market for over £500 million.

In September, Moshiri agreed to sell his 94% share to American investment fund 777 Partners. Former CEO Keith Wyness suggests that other investors could enter the picture if the 777 Partners’ deal faces setbacks. Everton’s recent ten-point deduction for breaching financial rules may have deterred potential buyers.

Brown hints at 777 Partners’ possible failure in passing Premier League checks and mentions a review into their ownership of the London Lions basketball team. Failure in either case could be a significant setback for Moshiri and a source of embarrassment for Everton. Alternative investors are reportedly waiting to step in if the 777 Partners’ deal falls through.

Amidst the takeover drama, Everton is eyeing Lyon defender Jake O’Brien in the upcoming winter transfer window, aiming to strengthen their squad. O’Brien, who joined Lyon from Crystal Palace, has attracted interest with his standout performances. The full-back positions, particularly Ashley Young’s inconsistent form, are identified as areas of concern for manager Sean Dyche, making potential January signings crucial for Everton’s campaign.