Everton takeover: shareholders release damning statement slamming Farhad Moshiri and 777 Partners
Something went wrong, please try again later.Invalid email Something went wrong, please try again later.New era, new Blues? Sign up for the EFC email bulletin for all the latest Everton newsSomething went wrong, please try again later.New era, new Blues? Sign up for the EFC email bulletin for all the latest Everton newsThe Everton FC Shareholders Association have called for action from Farhad Moshiri and demanded that he recognise that 777 Partners are not “fit-and-proper” prospective owners of the club.Everton announced back on September 15 that majority shareholder Farhad Moshiri had signed an agreement to sell his entire 94.1% stake in the club to 777 Partners and closing of the transaction was expected to occur in the fourth quarter of 2023. However, almost eight months on, the purchase has still yet to be approved by the Premier League board and the Miami-based private investment firm have now been accused of running a complex “pattern of fraud” to the tune of hundreds of millions of pounds, casting fresh doubts over their ability to complete the takeover.Releasing a statement regarding the change of ownership process, the EFCSA said: “We are the oldest Shareholders’ Association in the world and are dismayed by the lack of respect being shown to our football club by the largest shareholder Farhad Moshiri, and the Premier League during what seems a never-ending change of ownership process.READ MORE: I see big changes at Everton after the takeover - I have never been in a dressing room like thisREAD MORE: Everton takeover - The $600m fraud claims against 777 Partners and what they could mean for club"We have observed with concern and frustration as it became increasingly clear that a fit-for-purpose process cannot possibly take this long as the Premier League continues to demonstrate their inability to regulate.“In the absence of the Premier League making a timely decision we insist that the Everton Board, and Farhad Moshiri in particular, stop this damaging process now and recognise that 777 Partners are not at this time fit-and-proper prospective owners of Everton Football Club."The powers-that-be are being disrespectful to our fellow shareholders, our fantastic worldwide fanbase and football as a whole by continuing to allow this farce to continue.“We demand a decision, and we demand it now.”
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