Everton agree takeover deal with 777 Partners
Miami-based 777 Partners agree deal to take over Everton; 777 involved with Sevilla, Hertha Berlin and Standard Liege; watch Everton vs Arsenal live on Sky Sports Premier League from 4pm on Sunday; kick-off 4.30pm
Friday 15 September 2023 11:22, UK
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Everton have signed an agreement for 777 Partners to acquire Farhad Moshiri's full stake in the club.
The multi-club investors have been in discussions with Everton majority shareholder Moshiri since the news that New York group MSP Sports Capital had ended its exclusivity agreement with Moshiri, who owns 94.1 per cent of the club's shares.
The 777 group already has a number of football clubs in its portfolio, including Sevilla, Genoa, Hertha Berlin and Standard Liege, with the fans of the Belgian side holding a demonstration criticising the owners' involvement at their last game.
The transaction is set to be closed in the fourth quarter of 2023 and remains subject to approval from the Premier League, FA and the Financial Conduct Authority.
Despite investing more than £750m since 2016, some Everton supporters have been unhappy about Moshiri's ownership. They held protests before some games at Goodison Park last season calling for Moshiri and the board to leave.
Sean Dyche's side return from the international break with a home game against Arsenal on Sunday, live on Sky Sports.
Moshiri, a shareholder since 2016 and majority shareholder since 2018, said: «The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago. The days of an owner/benefactor are seemingly out of reach for most, and the biggest clubs are now typically owned by
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