Everton set for crucial £400m takeover update on 4th July amid new twist today

It looks as though 4th July could prove to be a watershed day in the Everton takeover crisis.

Everton owner Farhad Moshiri, who is struggling to support the club at now, is seeking takeover approaches from a variety of different companies after the failure of his agreement with 777 Partners.

It appears that a partnership led by lifelong Everton fans and now creditors to the club Andy Bell and George Downing and finance in part by Michael Dell’s BDT & MSD Partners is favoured among supporters.

But there are many more horses in the race, which some reports predict might now draw out as long as four months.

By that time, the United Kingdom will have a new government. And that could well be important to the Everton takeover.

General election result could be vital to Everton takeover

Everton owner Farhad Moshiri reaches crossroads as decision time over Sam  Allardyce nears

One of the key objectives of the coming independent regulator for English football is to adopt a new owners and directors test.

The independent regulator law was, before the election was called, working its way through Parliament and was slated to be submitted later this year.

But a change of government will undoubtedly have a major impact on the substance of the measure.

The Labour Party released their manifesto today. One of the areas mentioned was the measures that Kier Starmer’s government will take to protect the interests of football fans.

It is widely anticipated that the Labour Party would broaden the scope of the independent regulator and impose a more onerous owners and directors test.

For any possible new Everton owner, that would imply there would be extra hoops to go through to get a deal over the line.

A future Conservative government however, which would be likely to swing more libertarian, would have a less obstructive stance.

Either way, Everton will be anticipating the general election on 4th July with curiosity.Who is in the running to buy Everton?

As said, the Bell-Downing combination appears to be the preference among fans.

MSP Sports Capital, who have an established financial tie in the form of a substantial debt to the club to safeguard, are also among the frontrunners.

AS Roma owner Dan Friedkin has also been linked, as have Crystal Palace co-owner John Textor. However, their current affiliations to those teams would make a transaction very tough to accomplish.

An anonymous Qatari entity has been contacted too, while London-based lawyer-turned-businessman Vatche Manoukian and backed by a Saudi royal are also in the mix.

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