According to The Telegraph, Farhad Moshiri and 777 Partners have agreed to extend their commitment to take buy Everton.
The news outlet reported on their website (14 May) that the Miami-based investment firm has agreed to extend their arrangement until the end of the month, after it expired last week.
The two parties will continue to communicate on a daily basis until then, as 777 seeks to raise funds to complete a transaction despite being in serious financial problems and facing a fraud lawsuit.
Farhad Moshiri and 777 Partners making a mockery of Everton
It’s become a mockery of the football club that Moshiri and 777 Partners are still trying to get this purchase done despite the obvious problems it will cause.
777 Partners is dealing with its own financial problems, including multiple overdue invoices, and there has been discussion that they will have to sell assets such as Standard Liege to get this done.
But, at the same time, Everton have no idea what their future holds, and the longer this goes on, the worse things get as the Toffees struggle to pay their day-to-day costs, like as player payments, without 777 lending them money.
There are allegedly other parties involved in the process that are willing to jump in and acquire the club before 777, but Moshiri is adamant that the transaction with the Americans go through, despite the obstacles.
This new arrangement only adds to the club’s problems ahead of the summer, and fans have every reason to be outraged as things remain unresolved.
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