Everton’s takeover process is one which has spanned nearly ten months now, and almost acted as a microcosm for Farhad Moshiri’s reign.
Having taken over in 2016, the Iranian billionaire promised it all to a fanbase that had been so starved of positivity.
They lapped it up, because why wouldn’t they? Well, they were about to learn why.
Years of steady regression have made Moshiri now desperate to sell, with 777 Partners seemingly the only interested party until recently.
It seems that, even with John Wander and co consistently failing to forge a deal for Everton, they simply cannot be dismissed.
The latest on Everton’s takeover
The report comes courtesy of the Daily Mirror, who suggest that, despite 777 Partners having missed their deadline to officially assume control of Everton, Moshiri will maintain a ‘working relationship’ with the Miami-based firm and has not given up all hope of a deal being struck.
This will come as worrying news to the bulk of Evertonians, who thought their nightmare involving this particular organisation was over.
It reads: ‘Everton will continue to negotiate with 777 Partners about their proposed takeover of the debt-ridden club – despite the controversial American investment firm’s failure to come up with the money to make the deal happen ahead of Saturday’s deadline.
‘Mirror Sport understands that Blues’ owner Farhad Moshiri feels an obligation to maintain a working relationship with the Miami-based company completely after they pumped a loan of £200million into the club last season to prevent serious financial problems.’
The fact that they will no longer be the sole bidder though should offer some solace, and hopefully the more the club maintains widespread interest, the sooner they can move forward into a future without Moshiri.
Everton need intelligence in the boardroom
Whilst deep pockets would be preferable for the new owners at Everton, just mere competence will do at this point.
After all, Moshiri proved that even if you have all the money in the world, if you do not have the intelligence and forethought to funnel that fortune into a strategic long-term plan, the repercussions could be dire.
And so they have been, having taken the Toffees from a comfortably mid-table outfit and moulded them into a side perennially battling the drop.
Even last season, where Premier League safety was assured way before the final game of the season, Sean Dyche was forced to battle relentlessly to drag his team through the many hurdles that were forged by the failures of the past, plaguing from the top down.
With the board having already seen a vast clear-out back in June 2023, Moshiri clearly recognised where the problem lies.
However, he himself still sits atop the pile on his throne of failure and false promises. Soon, he too must realise that there has been no greater problem at Everton than him, and a new, competent owner needs to assume control sooner rather than later.
Receive a digest of our best Everton content each week direct to your mailbox
