777 Partners are close to completing a takeover of Premier League club Everton, according to TuttoMercatoWeb.
The Miami-based private equity investment firm have been negotiating with the club for a while now after the news broke last week.
They intensified their efforts recently and are looking to get a deal over the line soon.
Everton owner Farhad Moshiri is looking for investment. MSP Sports Capital had shown interest in the Merseyside club.
Chairman of MSP Sports Capital, Jahm Najafi, was at Everton’s game against Southampton. There were conversations about a takeover.
However, news later emerged that Najafi was in talks with Tottenham Hotspur.
777 Partners are monitoring Everton’s performances on the pitch. The Toffees are 18th in the Premier League and in need of another miracle to escape relegation.
The club also faces accusations of breaching financial fair play rules. They could receive point deductions as punishment.
777 Partners will remain interested in investing even if they are relegated, but the valuations of a Premier League and Championship club will be different.
Everton fans have been against the ownership of British-Iranian businessman Moshiri. They have protested the club’s deterioration since he took over in 2016.
777 Partners, owned by Steven Pasko and Josh Wander, are rapaciously expanding in world football since their establishment in 2015.
They have taken over Serie A club Genoa and Bundesliga’s Hertha Berlin. They own a 6% stake in Sevilla and a 70% stake in Vasco da Gama.
They also acquired Belgian club Standard Liegem Red Star Paris in France and took over Melbourne Victory in October 2022.
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