Everton fans demand clarity over 777 takeover bid with club left in ‘limbo’

Fans arrive outside the stadium prior to the Premier League match between Everton FC and Wolverhampton Wanderers
Fans arrive outside the stadium prior to the Premier League match between Everton FC and Wolverhampton Wanderers

Everton’s Fan Advisory Board is demanding answers from the club’s owner, prospective owners’ and Premier League as to why the proposed Goodison takeover is yet to be ratified.

The supporters’ group has published open letters to all three parties expressing concern the club has been left in ‘limbo’ amid mounting uncertainty as to whether 777 Partners have the necessary resources to complete the purchase from Farhad Moshiri.

Among those contacted is Premier League chief executive Richard Masters, with fans suggesting the indecision has contributed to the team being unable to drag themselves from the relegation battle they were plunged into after being controversially docked points for breaking spending rules.

“There has been conjecture, silence, and uncertainty, about when and how the process might conclude,” reads the letter to Masters.

“For the fans of Everton Football Club, this matter has only amplified the maelstrom of anxiety and anger which, when added to the issue of points deductions and appeals, has undoubtedly had a consequential impact on our team’s performances on the field.”

Moshiri has been silent since agreeing to sell to 777 last September and there are fears the club will be in serious financial peril if the Premier League blocks the deal with the American investment firm.

Farhad Moshiri
Nothing has been heard in public from Farhad Moshiri since his announcement of the sale six months ago - Alex Livesey/Getty Images

“The time has now come for you to honour your basic commitments as the owner of Everton Football Club and communicate with supporters,” says the letter to Moshiri.

“There are many important questions to be answered, such as: What happens if the deal with 777 is not approved by the PL? Is the deal with 777 timebound which, given the PL’s decision to seek further financial reassurances, could result in further delays? Are there other investors in waiting?

“And will you continue to fund the club until such time as a satisfactory investor is found? An interim board, an interim CEO, and an owner in absentia is not good enough for our club which is faced with sporting and financial uncertainty, the ramifications of which will reach far and wide. Your club and its supporters need clarity, vision, and leadership and we urge you to now provide it.”

The co-founder of 777, Josh Wander, has been accused of failing to keep a promise to consult with supporters.

“Concerns are being expressed that 777 Partners do not have the capacity, ability, or culture to make our club stable and successful,” the letter states.

“Given these concerns, we would encourage you to attempt to reassure Evertonians worldwide at the earliest opportunity of your vision, strategy, and operational wherewithal to bring Everton Football Club back to its rightful place at the pinnacle of football.”

The drama around the ownership follows another traumatic season for the club in which they were docked six points for breaching Premier League profitability and sustainability rules in the period up to the 2021-22 season. That penalty was reduced from an original, highly contentious ten point punishment.

Another hearing has been held this week after a further charge relating to the period ending June 30, 2023. Everton argue they are effectively being punished twice for the same breaches relating to interest payments on loans used to fund the club’s new stadium on Liverpool’s docks.

A decision by an independent commission is anticipated next week.

Wander and Moshiri have replied to the Fan Advisory Board citing confidentiality rules around the takeover as a reason why they are limited on what can be discussed.

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