777 Partners 'has taken longer than any of us anticipated' admits Everton interim chief executive Colin Chong following a trio of letters sent this week by the Fan Advisory Board
Everton’s interim chief executive Colin Chong admits that club’s proposed takeover by 777 Partners "has taken longer than any of us anticipated," following a trio of letters sent this week by the Fan Advisory Board calling for an end to the uncertainty.
It was subsequently revealed that 777, who are confident of meeting the Premier League’s criteria for approval of their proposed takeover, had written back to the FAB insisting that they would be willing to have regular meetings with them once the transaction closes, but are not able to do so before in accordance with the requirement of the OaDT to remain silent.
READ MORE: Everton points deduction chaos to continue after Nottingham Forest appeal 'gamble' that's anything but “This transaction requires approval from the Premier League, the Football Association, and the Financial Conduct Authority in order to proceed. It is a process that has taken longer than any of us anticipated, although certainty over timescales was always a challenge, given this is the first such full takeover of a Premier League club since amendments were made to the regulatory approval process in March 2023.
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