The Everton Fan Advisory Board has called on Farhad Moshiri to allow other bidders to be offered the opportunity to buy the club given ongoing wait for 777 Partners to gain approval for their takeover.
The FAB’s statement comes a day after The Everton FC Shareholders Association demanded Moshiri recognise that the Miami-based private investment firm are not “fit-and-proper” prospective owners of the club. Everton announced back on September 15 that majority shareholder Moshiri had signed an agreement to sell his entire 94.1% stake in the club to 777 and closing of the transaction was expected to occur in the fourth quarter of 2023.
However, almost eight months on, the purchase has still yet to be approved by the Premier League board and 777 have now been accused of running a complex “pattern of fraud” to the tune of hundreds of millions of pounds, casting fresh doubts over their ability to complete the takeover. The ECHO has confirmed that Moshiri held face-to-face talks with 777 in London this week in a bid to try and gain some clarity over where the deal stands and Sky Sports’ Alan Myers has subsequently reported that he understands there are serious doubts around the 777 acquisition within the club and discussions are focused on bringing a resolution this week, and focusing on the way forward for the club.
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The FAB statement reads: “In March 2024, the Fan Advisory Board wrote to Farhad Moshiri, 777 Partners and the Premier League, all of whom have a role to play in the proposed takeover of Everton Football Club. Each replied, but ultimately the
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