In a significant development for Everton Football Club, the U.S. Private Equity Firm 777 Partners acquired Everton FC for a massive $685 Million. The acquisition, valued at a staggering $685 million, marks a new chapter in the club’s history, with Farhad Moshiri transferring his ownership to the Miami-based investment fund.
777 Partners, known for its diverse sports portfolio, including Italian club Genoa and Belgian team Standard Liege, as well as stakes in LaLiga’s Sevilla and Australia’s A-League side Melbourne Victory, expressed their excitement about the Everton acquisition.
“We are truly honored to join the Everton family as the new guardians of this club. We see it as a privilege to carry forward its rich heritage and core values,” stated Josh Wander, the founder and managing partner of 777 Partners.
The transition of ownership signifies a significant shift in Everton’s journey. Farhad Moshiri, a British-Iranian billionaire and former Arsenal shareholder, initially acquired a 49.9% stake in the club back in 2016. Over time, his involvement increased, eventually reaching 94.1% after injecting £100 million into the club’s capital in January 2022.
Despite substantial investments exceeding £750 million ($799.65 million) in player transfers during Moshiri’s tenure, Everton experienced a decline in performance, sliding down the Premier League table. The club narrowly avoided relegation in the past two seasons and currently finds itself in 18th place, enduring a challenging start to the current season with four winless games.
The acquisition by 777 Partners ushers in a new era for Everton FC, with fans and stakeholders eagerly awaiting developments under the new ownership.
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