Everton takeover update as chief explains 777 Partners and Farhad Moshiri silence

Everton’s interim chief executive Colin Chong admits that club’s proposed takeover by 777 Partners "has taken longer than any of us anticipated," following a trio of letters sent this week by the Fan Advisory Board calling for an end to the uncertainty.

On Monday, the Everton Fan Advisory Board released a statement to announce they had written to Farhad Moshiri, the Premier League and 777 and on Wednesday they published their correspondence with the latter two letters being addressed personally to Richard Masters and Josh Wander.

It was subsequently revealed that 777, who are confident of meeting the Premier League’s criteria for approval of their proposed takeover, had written back to the FAB insisting that they would be willing to have regular meetings with them once the transaction closes, but are not able to do so before in accordance with the requirement of the OaDT (Owners and Directors Test) to remain silent.

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Now Chong, who is also the club’s chief stadium development officer, has spoken on the matter with an update to the fanbase in which he said: “I’m confident that in the coming weeks, we will have greater clarity in terms of what is needed on and off the field as we drive this club forward. To that end, we areapproaching the final stages of what has been a comprehensive, but long, regulatory process to progress the takeover agreed between our majority shareholder, Farhad Moshiri, and 777 Partners in the autumn of last year.

“This transaction requires approval from the Premier League, the Football Association, and