Farhad Moshiri has had inquiries from other potential buyers but has been unable to take action until now.
Once the sales purchase agreement with 777 Partners expires, Moshiri will begin discussions with new bidders for his majority stake in Everton.
It is anticipated that a US group and Crystal Palace minority shareholder John Textor, who previously spoke openly about negotiations, will express interest if 777’s bid for Everton falls through.
With 777 facing legal and financial difficulties, it appears unlikely their bid will be successful.
When the agreement ends, Moshiri will announce his transition away from 777.
Despite concerns about the ownership situation, Everton is said to be in a stable financial position, and Moshiri will engage with major creditors and other potential buyers for his stake.
An extension to the repayment deadline for a significant loan was recently agreed upon, indicating Moshiri’s preparations for the future.
Everton is not under pressure to sell assets to maintain financial stability and is not concerned about breaching profitability and sustainability rules.
Rumors of selling Jarrad Branthwaite for £40m are unfounded, as Everton values him closer to £80m and aims to retain him.
The club’s approach this summer will involve careful player trading to manage the budget, and there may be interest from other clubs in players like Amadou Onana, Dominic Calvert-Lewin, and Jordan Pickford.
Contract negotiations with Calvert-Lewin, Ashley Young, and Seamus Coleman are ongoing, and Everton has expressed interest in loaning Kalvin Phillips from Manchester City, although they face competition for his signature.