777 Partners step up exit plan as Everton takeover problems continue

The American investment firm that continues to hold out hope of acquiring Everton has engaged an investment bank to sell one of the teams under its ownership.

Miami-based 777 Partners, who agreed to purchase current Everton owner Farhad Moshiri’s 94.1% shareholding in the Toffees in September last year, have, according to reports in Belgium via the outlet L’Avenir, engaged investment bank Moelis to oversee the sales process for Standard Liege.

The report claims that expressions of interest have already been received but that the process would likely take some time. Sources that the ECHO has spoken to have also claimed that the idea of a Standard Liege sale being concluded to aid the purchase of Everton is ‘highly unlikely’ and that the funds generated would not be sufficient enough to get it over the line given the struggle of the company to attract other avenues of financing at present.

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Standard, one of Belgian football’s most storied clubs, has been under the ownership of 777 Partners since 2022. However, with the US owners mired in controversy over legal disputes relating to monies owed, allegations of fraudulent practice in a civil suit filed in New York, and having seen a commercial airline it owns fall into voluntary administration, problems have arrived for the Pro League side in recent times.

Last month saw missed payments for staff wages, while earlier this month saw a Liege court seize the football assets of 777 in Belgium over a dispute with the former owner regarding the failure to make the agreed payments for the