Michael Ball suggests that potential new investors might steer clear of Everton due to the “chaotic” circumstances, as 777 Partners persist in their bid to take over the club without a clear resolution in sight.
Despite reaching an agreement with Farhad Moshiri in September last year, 777 Partners, a Miami-based firm, has yet to secure approval from the Premier League to become the new owners of Everton. Michael Ball, a commentator for the Liverpool Echo, believes that the prolonged uncertainty surrounding the club could deter potential investors who have the capacity to replace 777.
In his recent article, Ball highlights the apparent contradictions in the situation, questioning why 777 would commit £200 million in unsecured loans if they were not genuinely interested in acquiring the football club. The messy nature of the ongoing saga, coupled with the failure to address the Premier League’s concerns, may dissuade other investors from considering Everton as a viable option.
With the threat of relegation on the field seemingly under control under the management of Sean Dyche, attention has now shifted to the unresolved takeover by 777 Partners. As the 2023/24 season progresses with no definitive progress on the ownership front, Everton fans find themselves in a state of apprehension.
The hope for a swift resolution to the takeover saga has transformed into a desire to avoid the prospect of ownership under 777. The inability of 777 to pass the Premier League’s Owners and Directors Test for nearly nine months has further dampened supporters’ hopes for a positive outcome.
The complex financial situation at Everton presents a less-than-appealing prospect for potential investors. Amidst the uncertainty surrounding ownership, there are seemingly more attractive options available in the football landscape. Nevertheless, Everton requires an owner with both financial stability and the capacity to navigate the current challenges facing the club.
However, finding such an individual willing to step forward and take on the responsibility appears to be a daunting task. As Everton continues to navigate through these turbulent times, the search for a suitable owner remains a pressing concern for the club and its supporters.