Everton takeover: Premier League answer questions over 777 Partners wait

Premier League chiefs have stressed they understand the approval of any new owner of Everton is about more than just finances.

Chief executive Richard Masters said there was a recognition that any individual or firm seeking a takeover “are not simply investors in a company, but custodians of a community asset”.

He made the comments in response to questions over the protracted attempt of 777 Partners to take control of Everton, a process that has now extended beyond six months. The wait for a decision has created further uncertainty at the top of a club that has been buffeted by off-field issues during another difficult campaign.

The questions were raised by the Everton Fan Advisory Board, which last week drew responses from 777 and Farhad Moshiri, the club majority shareholder that 777 have reached a deal with - subject to the regulatory approval that has not yet come from the Premier League board.

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The FAB has been pushing to highlight the issues caused by the lack of stability at the top of the club. In February, the supporter group issued a statement calling for a resolution, in which chair Dave Kelly wrote: “The time has come for this lingering uncertainty to end. The football club, its employees, the wider community and supporters need clarity on the path forward. Whilst we expect those responsible to ensure that the appropriate levels of scrutiny and rigour are applied to something as critical as the future ownership of our club, we are 160 days into a protracted process that seemingly has no end. It raises