777 Partners has sealed the deal to acquire the entire Everton stake owned by Farhad Moshiri, amounting to 94.1% of the club’s shares.
The agreement marks the end of an era for Moshiri’s ownership at Everton and paves the way for a new chapter in the club’s history.
This acquisition comes after swift discussions between 777 Partners and Moshiri, which intensified following the termination of New York group MSP Sports Capital’s exclusivity agreement with the outgoing majority shareholder.
777 Partners is no stranger to the football world, boasting stakes in a diverse portfolio of clubs, including Sevilla, Genoa, Hertha Berlin and Standard Liege.
However, their involvement with Liege has not been without controversy, with fans of the Belgian club staging demonstrations to express their discontent.
Despite Moshiri’s substantial investments since 2016, Everton’s fan base has not been universally pleased with his ownership.
Protests were held at Goodison Park last season, demanding changes in the club’s leadership.
With this latest acquisition, Everton supporters eagerly await the dawn of a new era under 777 Partners’ stewardship.
Founder and Managing Partner of 777 Partners Josh Wander said (via Everton’s official website): “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.
“Our primary objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men’s and women’s teams that will deliver results for future generations of Everton supporters.
“As part of this, we are committed to partnering with the local community over the long-term, working on important projects such as the development of Bramley-Moore Dock as a world-class stadium venue, allowing thousands more Evertonians to attend our home matches and contribute to the economic and cultural regeneration of Merseyside.”
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