“Total Madness and Negligent”- The Esk slammed Moshiri and Everton after new 777 legal update
The Esk has sharply criticized Everton and Farhad Moshiri over their handling of 777 Partners, calling it “madness and negligent” following recent developments.
The Miami-based investment firm, which had previously reached an agreement with Moshiri to purchase his controlling stake in Everton, remains embroiled in legal disputes after Leadenhall accused them of running a fraudulent scheme [Bloomberg, 4 May].
Although 777 Partners’ bid to acquire the Blues has collapsed, The Esk has condemned Moshiri and Everton after Leadenhall updated and revised their complaint against the company. On X (formerly Twitter) on Saturday (31 August), The Esk wrote: “The updated and amended complaint by Leadenhall in their ongoing case against 777 Partners, A-Cap, and others reveals some astounding accusations.
“Once again, it highlights the poor due diligence by Moshiri and Everton, and how despite the inability to make even minimal repayments to Leadenhall (like 15 million USD), 777/A-Cap continued to claim the deal would proceed – a clear example of madness and negligence.”
The Esk added that despite appearances suggesting 777 Partners was never in a position to complete the takeover, Moshiri continued to back the American investment firm, which may have costly repercussions for Everton. The blame for these poor decisions ultimately falls on the decision-makers at Goodison Park.
There is hope for Everton fans as John Textor has reportedly entered an exclusive period to acquire the controlling stake. While no deal is imminent, his interest offers a potential light at the end of the tunnel after a period of turmoil [David Ornstein, 15 August].
In other Everton news, the club was reportedly prepared to offer Scott McTominay a pay rise in a last-minute swap deal with Manchester United.
