Everton owner Farhad Moshiri is in talks to sell his majority shareholding in the club to 777 Partners
As Everton majority shareholder Farhad Moshiri edges closer to engineering his exit from the club there are plenty of questions around just how quickly that might be.
But even if a deal is agreed between 777 Partners and Moshiri, what is the course of action required for it to reach completion? First off, proof of funds to complete the acquisition and a business plan for 12 months to show that the new owners can meet the financial obligations and liabilities of the club must be demonstrated, with club owners having to confirm with the Premier League every three months that they are up to date and meeting those obligations.
Another strand of the test will be the strength of other assets in the portfolio and whether any are insolvent or at risk of insolvency, or whether any of the potential owners have been at helm over multiple cases of company insolvency.
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