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  • Everton'S Fan Advisory Board Calls On Premier League To Prevent Takeover

Everton's Fan Advisory Board calls on Premier League to prevent takeover

Everton's Fan Advisory Board has urged the Premier League to "live up to its responsibilities" and step in to prevent US investment group 777 Partners' takeover.

A deal to buy the club from Farhad Moshiri was announced in September, but it has still to be ratified as doubts remain over 777's ability to raise the capital, despite it having already pumped about £200million into the club to cover running and stadium costs.

On Tuesday Everton's shareholders' association, who hold about a five percent stake, branded the takeover a "farce" and urged Moshiri not to sell to 777.

Everton's FAB has also called for the current owner to offer the club to other bidders, while demanding 777 recognise its "inability to bring the funding necessary to consummate the original deal".

"This ongoing confusion and lack of transparency cannot continue," said a statement.

"Each party must recognise the role it is playing in sullying the reputation of one of the most storied clubs in English football history and appreciate that all the rumour and speculation is causing extremely high levels of anxiety and concern to the club's greatest assets: their fans."

In relation to the Premier League, the FAB added: "It is time for you to live up to your responsibilities (as defined by the Owners and Directors Test in your own rule book) by rejecting 777 Partners in order to allow discussions with more suitable owners of our great club."

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