An American investment group has acquired Everton from England: other historic clubs that form part of 777 Partners

An American investment group acquires a majority stake in the English club Everton (Reuters/Jason Cairnduff)

Everton Football Club, one of the most emblematic clubs in England, has made an important decision for the future. US investment fund 777 Partners has signed an agreement to acquire 94.1% of Toffees shares. The deal, which is expected to close in the last quarter of 2023, is subject to the approval of various regulatory bodies, including the English Premier League.

The Liverpool-area side have nine Premier League championships, five FA Cups, nine Community Shields and one European Cup Winners’ Cup.

The two parties announced through an official statement the agreement reached. The investment fund, based in Miami, United States, will acquire the majority stake that was until now in the hands of British-Iranian businessman Farhad Moshiri. Although the financial details of the deal have not been announced, it has been confirmed that the takeover will include the full financing of the club’s new stadium at Bramley Moor Dock, located on the banks of the River Mersey.

Farhad Moshiri said: “The owner/donor days seem a long way off for most people, and the top clubs are now often owned by well-funded private equity firms, specialist sports investors or state-backed companies and funds.” He has become the club’s majority shareholder since 2018.

With approval pending from entities including the Premier League, the UK Football Association and the UK Financial Conduct Authority, the deal is expected to close later this year.

Josh Wander, founder and managing partner of 777 Partners, said: “We are truly honored to have the opportunity to become part of the Everton family as custodians of the club, and consider it a great honor to be able to build on their proud heritage and values. Our primary goal is to work with the fans and stakeholders. To develop the sporting and commercial infrastructure for the men’s and women’s teams that will deliver results for future generations of Everton fans. As part of this, we are committed to partnering with the local community over the long term, working on important projects such as developing Bramley-Moore Dock into a world-class stadium, allowing thousands of fans to attend Our home matches contribute to the economic and cultural regeneration of Merseyside.

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It is worth noting that this is not the first investment 777 partners Within the world of football, it is immersed in historical institutions such as Genoa CFC in Italy, Vasco da Gama in Brazil, Hertha BSC in Germany, Standard de Liège in Belgium, Red Star FC in France, Sevilla in Spain (8% of shares) and Melbourne Victory in Australia.

Everton, which is currently led by Englishman Sean Dyche and whose most prominent figures are goalkeeper Jordan Pickford, midfielder Amadou Onana, striker Dominic Calvert-Lewin and winger Arnaut Danjuma, did not start their journey in the English Premier League in the desired manner, by scoring only one goal. One draw and three defeats in four matches.

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