EVERTON AGREES TO SELL TO AMERICAN INVESTMENT FUND 777 PARTNERS

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Goodison Park: Everton FC Stadium




Premier League club Everton is on the brink of changing ownership, with Farhad Moshiri’s decision to sell his 94% stake to American investment fund 777 Partners.This transfer of ownership signifies the conclusion of Moshiri’s eventful tenure, which commenced with his initial investment in 2016.



The finalization of this sale is anticipated by the close of 2023, contingent upon approvals from the Premier League, Football Association, and Financial Conduct Authority.



This transition means that half of the 20 top-tier football clubs in the Premier League will be under American ownership.



In a statement, Moshiri remarked that the landscape of football club ownership and financing has undergone significant transformation since his initial involvement with Everton over seven years ago.



He went further to say that the era of individual benefactors seemed to have given way to private equity firms with substantial resources, specialized sports investors, or entities with State backing.



Josh Wander, the founder of 777 Partners and his team, expressed their enthusiasm, stating that they were honored to become a part of the Everton community as stewards of the club. They viewed it as a privilege to carry forward its rich history and core principles.”



Wander emphasized their primary goal. Stating that their foremost objective was to collaborate with fans and stakeholders in developing both the sporting and commercial framework for the men and women teams, with the ultimate aim of achieving success for future generations of Everton and their enthusiasts.


Credit: Ebicorpo


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