Everton owner Farhad Moshiri has granted prospective buyers 777 Partners a shock two-week extension period until May 31 to prove they can purchase the club.
After days of extensive, face-to-face talks in London with representatives of the controversial Miami-based firm last week, it appeared that Moshiri was ready to cut ties with 777 and invite potential new investors to present a pitch to buy his 94.1 per cent stake in the club.
The firm, led by Josh Wander and Steve Pasko, struck an agreement to buy Everton in September but a lengthy saga ensued as it has been unable to meet the Premier League’s strict criteria for allowing the takeover to proceed.