Lyndon Lloyd 15/09/2023 3comments  |  Jump to last

The Everton Fan Advisory Board have released a statement expressing their hopes for a full and thorough regulatory review of 777 Partners' proposed takeover of the club.

The body that acts as a liaison between Everton supporters and the club hierarchy issued the following statement today following the announcement by Farhad Moshiri that he has agreed to sell his majority stake to the Florida-based investment firm.

We note the statements today announcing the agreement signed between 777 Partners and Farhad Moshiri to sell his full stake in Everton Football Club.

This is yet another critical point in our Club’s history following periods of concern about our performance on and off the pitch and uncertainty about our future.

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We understand that there remains a number of steps before the process of completing the deal can be finalised, as part of the formal regulatory review. It is imperative that that those given responsibility to scrutinise the detail of this proposed acquisition do so in the most rigorous manner possible and that such scrutiny is carried out in the interests of Everton’s global fanbase, employees and minority shareholders.

We recognise the news today raises many questions for Evertonians and we have already asked for an urgent meeting with Club and 777 representatives to obtain some clarity on the plans for the development of the Club.

We will also be holding a series of engagement meetings in the days and weeks ahead to ensure that Evertonians have the opportunity to present their views and raise any questions they may have.

The Everton Shareholders Association, meanwhile, expressed their disappointment at the lack of notice given by Moshiri in posts to Twitter today.

"We note the intention of largest shareholder Farhad Moshiri to sell his shares to 777 Partners," the @efcsa account tweeted. "Receiving only a few minutes (sic) warning of this proposed change of ownership is disappointing and yet again, the poor timing of club announcements before important games is baffling.

"The owner and the club continue to treat shareholders and fans with disdain and we encourage the current and (proposed future) owners to walk their engagement talk immediately — that fans are the most important asset at any football club."

 

Reader Comments (3)

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Jerome Shields
1 Posted 15/09/2023 at 19:59:05
A fair and representative statement.
Paul Kossoff
2 Posted 15/09/2023 at 23:04:04
Bill Kenwright exit update emerges as Farhad Moshiri sells Everton to 777 Partners
An update has been shared on Bill Kenwright's future at Everton as Farhad Moshiri sold his controlling stake to 777 Partners, according to the Evening Standard.

The London-based newspaper reported on Friday (15 September) that the chairman is likely to leave the club under the new ownership.
Now any Bets on how many Everton's will wish uncle Bill all the best and the old, once a blue, I bet we will see quite a few. I won't be one of them.

Andrew Heffernan
3 Posted 16/09/2023 at 13:38:30
We're basically a good real estate investment - the move to BM will finally provide revenue to support the club; after which I wish 777 well when they sell Everton for USD1b+ banking a nice profit while we welcome our new Middle East or Chinese owners... never a dull day.

Thanks for the good times Moshiri... please take Bill with you!

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