Everton takeover: The Vasco da Gama view on 777 Partners
Evertonians should be concerned by 777 Partners completing a takeover of their club after the American company’s running of Brazilian outfit Vasco da Gama sparked violent protests from furious fans.
That’s the view of Rio de Janeiro-based journalist Rodrigo Calvozzo, with Farhad Moshiri having agreed to sell his 94.1% shareholding in Everton to 777 Partners, and the transaction expected to be completed before the end of this year, subject to regulatory approval.
On February 22, 2022, the Miami-based firm acquired a 70% stake in Vasco da Gama, one of Brazil’s most-historic clubs who played Everton in a friendly at Goodison Park during their European tour of 1956, valued at approximately $330million. However, their 18-month tenure has not been a happy one for many supporters.
Calvozzo told the ECHO: “Everton fans need to be very worried, since becoming part of 777 group, Vasco has been experiencing confusing times both on and off the pitch.
“The reasons behind this concern and this situation are not exclusive to Vasco, though. The other six clubs managed by the group are also experiencing moments of great uncertainty since the Americans arrived to manage them.
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“Even though they are traditional clubs, teams like Hertha Berlin, Genoa and Standard Liege, were all in similar positions to Vasco when it came to their finances and football fortunes, showing that 777’s priority is not to make a profit from good sporting campaigns. But rather, they are looking for promising brands and taking advantage of this in an organic way, like past
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