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American investment fund 777 Partners close in on Everton takeover

American investment fund 777 Partners is close to sealing a deal to acquire Everton, according to the Daily Mail.

The firm initially emerged as the front-runner in the race to secure ownership of the Toffees. 

However, their £600 million offer failed to sway Everton owner Farhad Moshiri, who remained unmoved by their proposition.

Another American contender, MSP Sports Capital, entered the arena with confidence in their ability to clinch the deal. 

However, their aspirations crumbled, leaving the Everton faithful in suspense.

Following MSP Sports Capital’s abrupt exit from the race, 777 Partners swiftly re-entered the fray. The Miami-based investment fund is now poised to finalise its takeover of the historic Merseyside club.

With over $6 billion in assets under management, the acquisition of Everton would undoubtedly catapult their portfolio to even greater heights.

Headquartered in the vibrant city of Miami, Florida, 777 Partners was established in 2015 and led by Managing Partners Steven Pasko and Josh Wander.

Their sports empire already encompasses several clubs including Hertha Berlin, Genoa, Standard Liege and Vasco da Gama.

777 Partners have a stake in Sevilla and made headlines with their acquisition of basketball club London Lions in 2021. They also acquired a 45% stake in the British Basketball League.

They expanded their sports portfolio even further this year by entering into a five-year agreement to assume control of the Melbourne Victory.

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