Everton’s takeover “farce” will end in the Premier League.
After it became known that Standard Liege had been hit with a transfer embargo, The Esk demanded that the Premier League put a halt to 777 Partners’ proposed ownership of Everton.
The Miami-based investment firm’s Belgian team was found guilty of not paying some of the team’s debts, including unpaid transfer fees and unmet salary requirements. As a result, the team was placed on transfer suspension.
This is the second time this season that a team owned by 777 has been penalized; Vasco de Gama was also suspended, and the Toffees finance expert thinks that this should be sufficient reason for the Premier League to put an end to this “farce” of a takeover.
“We are supposed to believe 777 partners who cannot seemingly meet normal operating costs of Standard Liege and Vasco de Gama can afford the £100s of millions required to buy & refinance Everton,” they said on Twitter on Thursday, December 21.
It’s time for Moshiri to accept the truth. It’s time for the Premier League to put this charade to bed.
The Esk’s conclusion that this takeover has devolved into a farce is very understandable in light of the steady barrage of bad news that 777 Partners has faced since it was revealed that they had reached an agreement to purchase Farhad Moshiri’s 94.1% ownership.
It appears absurd to assume that 777 would be suitable guardians of Everton in the future, given their inability to manage players like Standard and Vasco during their time in control of both teams.
One of the most costly sports leagues in the world is the Premier League, and it appears that 777 lacks the funding necessary to compete successfully there.
Regardless of whether the buyer is the right person, Moshiri is willing to sell the Toffees to anyone who is prepared to pay the asking price in order to be rid of them. However, the Premier League has the last word, and everything depends on their choice.
The information on Standard Liege should hopefully be sufficient justification for all sides to halt this “farce” and allow Everton to find a new owner who will be able to sustain the Toffees financially for many years to come.