Everton’s majority shareholder Farhad Moshiri has signed an agreement with Miami-based 777 Partners over the purchase of the Premier League club. Following several months of uncertainty, the Merseyside club now look set to be under new ownership, subject to regulatory approval from the Premier League, the Football Association and the Financial Conduct Authority. The transaction is expected to occur in the fourth quarter of 2023. The agreement means 777 Partners will acquire Moshiri’s full stake in Everton, which accounts for 94.1 per cent of the club’s shares. Moshiri said in a...
Following several months of uncertainty, the Merseyside club now look set to be under new ownership, subject to regulatory approval from the Premier League,occur in the fourth quarter of 2023.The agreement means 777 Partners will acquire Moshiri’s full stake in Everton, which accounts for 94.1 per cent of the club’s shares.“The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago.
“As a result of this agreement, we have an experienced and well-connected investor in football clubs who will help maximise the commercial opportunities, and we have secured the complete financing for our new stadium, which will be the critical element in the future success of Everton. Today is an important next step in the successful development of Everton and I look forward to closely following as our club goes from strength to strength.
“And to our fans, the last few years have been challenging but you have supported the club through it all and consistently been our twelfth man. You are the best fans and deserve success.”“We are truly humbled by the opportunity to become part of the Everton family as custodians of the club, and consider it a privilege to be able to build on its proud heritage and values.
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