Everton fan group urges owner Farhad Moshiri to seek new bidders amid concerns over 777 Partners… with takeover by American firm in doubt after talks in Miami
Everton’s leading fan group has called on owner Farhad Moshiri to invite new suitors to come forward and make a bid for the club after a protracted takeover attempt by US firm 777 Partners is likely to fail.
The Iranian businessman is said to have held tense talks with representatives of the Miami-based company this week, amid a series of lawsuits against 777. Moshiri’s patience with the sale of his 94.1 percent stake is said to be running out following an agreement mid-month. -September.
And the Everton Fan Advisory Board said: ‘This continued confusion and lack of transparency cannot continue. Each side must acknowledge the role it plays in tarnishing the reputation of one of the most storied clubs in English football history.
“I appreciate that all the rumors and speculation are causing extreme fear and anxiety among the club’s greatest assets: their fans.” It added: ‘Moshiri – now is the time for other bidders to be given the opportunity to take over the club.’
Everton have borrowed more than £200 million from 777 to keep the club afloat, but serious doubts have continued to be raised over the club’s ability to run the club sustainably. The company was accused of fraud in a New York lawsuit last weekend, the seventeenth time it has been cited.
An Everton fan group has urged Farhad Moshiri to find new bidders amid concerns over 777 partners
777 Partners co-owners Josh Wander (center, wearing cap) and Steven Pasko have been accused of “double pledging” assets and the company has been named 17 times in lawsuits
Fans claimed that 777 Partners’ protracted takeover attempt is tarnishing the club’s reputation
That lawsuit accused co-owners Josh Wander and Steven Pasko of “double pledging” assets and said the pair were “at best operating a massive shell game, and at worst an outright Ponzi scheme.” .
A 777-owned airline went bankrupt last week.
Sources close to the situation now say that 777 must convince Moshiri that they are the right buyers for the club or the deal will be off the table. Everton’s Fan Advisory Board will meet with Moshiri in the next two weeks.