Everton takeover saga may at last be nearing it's conclusion

A five-person panel has been selected to adjudicate on whether 777 Partners will at last be able to complete their takeover of the club.

Everton FC v Crystal Palace - Premier League
Everton FC v Crystal Palace - Premier League / Chris Brunskill/Fantasista/GettyImages

At the same time reports over the weekend suggested that the Premier League are 'currently minded' to give the green light to the deal, so finally ending the uncertainty over who owns Everton.

None of this means for certain that the long-running saga will be coming to a conclusion soon as we have heard rumours before that a decision is close only for those deadlines to pass with no news.

It was announced way back in September that 777 Partners had agreed to buy out Farhad Moshiri and complete a full takeover of the club.

Since then this story has bubbled along behind the scenes and has largely been overlooked with the PSR points deduction fiasco starting in November and wildly inconsistent form on the pitch taking most of the headlines.

But while those issues are critical to the team, the future ownership of the club is also obviously of considerable importance too.

Were the Premier League to decide they are unable to give approval for the takeover then the club's future will be in serious doubt.

That is because of course Moshiri is no longer providing financial support and 777 have in fact been giving the Toffees a series of loans to keep them afloat over the last few months.

And so it is even possible that this situation might lead to administration with Everton then facing the prospect of yet more automatic points deductions!

So whether they were still in the top flight or perhaps the Championship, were the Blues to go down, it would be hard to see how things could then be turned around.

Once again though all we can do is wait and hope that the panel assembled will finally come to a decision and end this uncertainty that has become part of a truly chaotic soap-opera of a season.