Under Farhad Moshiri’s watchful eye, Everton have made huge steps backwards for many years now.
His acquisition of a 49.9% stake back in 2016 was met with wild celebration, as it was finally set to provide the much-needed cash injection to take the Toffees to the next step.
With a stable foundation built by David Moyes, and Roberto Martinez having shown what could be done with a little bit of positivity, seemingly every decision made following that moment was wrong.
And now, with 777 Partners seemingly set to finally usurp Moshiri, we have been exclusively told that the end is in sight. But it is not a positive one for Josh Wander and Co.
Graeme Bailey provides Everton takeover update
We spoke to journalist Graeme Bailey, who exclusively offered the following update to Everton News regarding the protracted takeover process.
And whilst many outlets have reported that 777 Partners’ efforts remain under threat, this latest claim seeks to cut the likelihood down even more.
He noted: ‘Obviously the other situation, even if the takeover went through they might have to sell but it’s increasingly likely that…
‘From what I’m told the takeover from 777 Partners won’t go through. I’ve been told that from the start. I’m told it’s very, very unlikely.
‘I think there are other parties interested but what happens with the debt and if it passes to other people so Everton owes the money that 777 are using. It’s a fascinating situation. Well, fascinating is the wrong world really. A daunting situation.’
777 Partners dealt another hammer blow
This should come as no surprise to most Evertonians, who have bore witness to the steady collapse of their takeover bid across the last few months.
Upon striking a deal with Moshiri back in September, instantly alarm bells were sent ringing by some.
Those investigative journalists then set about convincing everyone else that their worries were well-founded, yet the Iranian businessman is still set on them.
Even the Premier League, who have the overriding vote in this particular field, are seemingly too scared to simply kill their bid and move on to the next interested party.
But this claim from Bailey is a double-edged sword for the Miami-based firm, who not only have been informed that their takeover is doubtful, but also that other parties remain interested.
The debt they have poured into Everton will provide an ample stumbling block for most, but with alternative reports referencing Qatari interest, such a fortune will not be hampered for long.
Whoever eventually finds their way into power, we can only hope that they have some sort of long-term strategy to turn Everton into a stable, sustainable and profitable business once again.