Due to 777 Partners’ inability to provide the required finances, the Premier League has not yet approved 777 Partners as the Toffees’ new owners.
Due to the delay, it has been rumored that a rival organization has entered the picture. Quinn says that this organization “is not too far away” from making a move.
“I will return tomorrow to answer earlier questions, but just to establish a couple of things,” Quinn wrote on X on April 30.
“(i) Although not from the source frequently cited in the media, Everton got some funds to satisfy our monthly obligations. (ii) The Bonza scenario has significant ramifications for 777 and related companies (more tomorrow). (iv) Those “waiting in the wings” remain prepared to assist/purchase the club at the right time, which is not too far off; (iii) the club is safe from now until the end of [the] season.
Might a new owner be able to save Everton?
From Everton’s perspective, it would be a truly miraculous development if a new company were to intervene and save the team from the drawn-out takeover drama that has been unfolding since 777 Partners made an agreement with Farhad Moshiri earlier this year.
Everton supporters have legitimately grown concerned about how their team would be managed if 777 were to officially take over, given the cloud of allegations surrounding the Miami-based company and their seeming incapacity or unwillingness to comply with Premier League requirements for official approval.
The squad, which was penalized with two consecutive point reductions totaling eight points for breaches of the Premier League’s Profit and Sustainability Rules (PSR), is already in a precarious situation off the field due to financial mismanagement.
Because of this, Everton’s uninterrupted Premier League status has been unnecessarily threatened this season. However, Sean Dyche’s team has ensured that they are now mathematically safe from relegation after defeating Brentford 1-0 on April 27 to move into 15th place, 11 points clear of the drop zone with three games remaining.
Now that the possibility of their relegation has been eliminated, all attention will be directed toward making sure all off-field issues are rectified in time for the 2024–2025 season, with a new, trustworthy ownership at the top of the list of priorities.