Everton takeover: 777 Partners hint at when decision will come as wait goes on

777 Partners’ proposed takeover of Everton is set to drag on into an eighth month.

Everton announced on September 15 last year that the Miami-based private investment firm had signed an agreement with majority shareholder Farhad Moshiri to acquire his entire 94.1% stake in the club. The statement at the time proclaimed that “closing of the transaction is expected to occur in the fourth quarter of 2023 and remains subject to regulatory approval.”

Since then, 777 is understood to have provided Everton with around £180million of funds for working capital to help them meet payroll obligations and to ensure that the payments for construction of the new stadium are met on time but back in December, the ECHO was told that the company would not fund the shortfall ‘indefinitely.’

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Co-founder and managing partner Josh Wander has attended several Blues matches this season along with other members of 777 top brass while the group has been thrashing out issues with the Premier League this month in a series of face-to-face meetings with one issue being the complex nature of their business interests.

Everton insiders insist indications remain positive that a deal will ultimately go through and while sources close to 777 share that optimism, they do not expect any formal decision to be made before Everton’s second PSR charge is heard next week and that could push the takeover verdict beyond Easter and into April.