‘Farcical’ – The Esk reacts as ‘Hugely Damaging’ 777 Partners takeover update emerges at Everton

Everton owner Farhad Moshiri and 777 Partners’ decision to extend their time frames over their takeover is “hugely damaging” to the Toffees, according to The Esk.

The Miami-based investment firm still hasn’t received approval from the Premier League to complete their takeover at Goodison Park, despite the process now entering the 24th week of what was supposed to be a 12-week process.

Despite the delay, both Moshiri and 777 have remained publically confident that the deal will be approved, an idea that Everton financial expert, The Esk has labelled “simply farcical”.

Writing on X on Wednesday (28 February) he said: “LOL at the “news” 777 & Moshiri have extended their time frames. It’s always another fortnight, another fortnight… Rinse and repeat.

“Simply farcical but on a serious note hugely damaging to our club.”

Will 777 Partners ever complete their takeover of Everton and end Farhad Moshiri’s tenure?

Nearly all reports that have emerged surrounding 777 Partners since they announced that they had agreed a deal to acquire Moshiri’s controlling stake in Everton have been negative, but the American firm has consistently tried to put a positive spin on things.

In reality, the Toffees have been left in limbo for months now without knowing where they stand financially and Sean Dyche’s side has had to rely on loans from a company that may not even be able to complete their takeover.

Everton have taken a step in the right direction now that they have got four of their initial 10-point deduction back following their appeal, but they will only be delaying relegation if they aren’t taken over sooner rather than later.

Hopefully, this “hugely damaging” 777 Partners bid will come to an end sooner rather than later and the Toffees will finally receive some sort of clarity from the Premier League to indicate whether or not they will have new owners.