Everton Football Club undergoes takeover by U.S.-based investment fund

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15th September 2023 – (London) In a significant development for Everton Football Club, owner Farhad Moshiri has confirmed the sale of his 94% stake in the club to U.S.-based investment fund 777 Partners, leading to a change in ownership.

777 Partners, a Miami-based company, has previously invested in various football clubs worldwide, including Vasco de Gama in Brazil, Standard Liege in Belgium, Hertha Berlin in Germany, and La Liga’s Sevilla. Additionally, the company holds stakes in the British Basketball League and has interests in aviation and insurance. The completion of the sale is expected to take place before the end of the year.

Expressing their enthusiasm for becoming part of the Everton family, 777 Partners emphasized their commitment to building upon the club’s rich heritage and values. The investment fund’s founder, Josh Wander, highlighted their primary objective of collaborating with fans and stakeholders to enhance the sporting and commercial infrastructure for both the men’s and women’s teams, with a focus on delivering results for future generations of Everton supporters.

Meanwhile, Moshiri acknowledged the changing landscape of football club ownership and financing since his initial investment in Everton over seven years ago. He noted that the days of individual benefactors solely owning clubs are becoming increasingly rare, with top clubs now typically being owned by private equity firms, specialized sports investors, or state-backed entities.

Moshiri has invested approximately £750 million in the club since 2016. However, the desired outcomes have not materialized, with Everton currently positioned 18th in the Premier League. Concurrently, progress is being made on the construction of a new stadium, which is on track to accommodate nearly 53,000 fans and is slated for use starting from the 2024-25 season.