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Everton takeover now on cards as timeline shared

Everton takeover now on cards as timeline shared
Image Credit: Everton FC

David Ornstein, journalist for The Athletic, has reported that despite the Premier League struggles and off-field issues faced by Everton, a complete takeover of the club is now being considered.

Ornstein stated that 777 Partners are seriously considering investing in the Toffees, and their interest remains active alongside that of MSP Sports Capital.

Ornstein further revealed that 777 Partners are currently in the initial stages of exploring the purchase of the club, and they are taking into account the potential consequences of relegation and any FFP punishment that may come their way.

In his latest column for The Athletic published on Monday, Ornstein shared the most recent update regarding ownership coming from Goodison Park and suggested that changes may be on the horizon.

“All this is happening against the backdrop of a potential sale of the club,” he wrote.

“One potentially positive development, however, is regarding the ownership, with 777 Partners — a Miami-based group that holds stakes in Hertha Berlin, Genoa and Standard Liege among others — maintaining a serious interest in investing despite the club’s troubles.

“777 Partners is in the early process of exploring a purchase but is taking into consideration which league Everton will be playing in next season and any potential punishment regarding the alleged FFP breaches. But despite this, its interest is still active.”

The potential complete takeover of Everton Football Club could have a massive impact on the team’s future.

While owner Farhad Moshiri has stated that he has no intention of selling the club entirely, a suitable offer from a potential investor like 777 Partners could sway his decision.

Currently, the situation at the club is uncertain, with the possibility of relegation to the Championship looming, and construction of the Bramley-Moore Dock stadium ongoing.

Moreover, the threat of punishment for alleged profit and sustainability violations could make relegation all but inevitable, especially if it results in a points deduction.

The club’s fans have grown weary of the current board’s reckless management, and a fresh start under new ownership would be welcomed.

MSP Sports Capital is also reportedly interested, which adds to the intrigue. However, due to the current uncertainties, any potential deal may not materialize until the summer.

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