Everton Football Club, a storied name in English football, is on the cusp of undergoing a significant change in ownership. Majority shareholder Farhad Moshiri has reached an agreement to sell his 94 percent shareholding to American investment firm 777 Partners. This impending shift in ownership holds implications for the club’s future, especially concerning its new stadium and financial challenges.
British-Iranian businessman Farhad Moshiri has long sought investors to support Everton’s ambitious plans, including the construction of a new 53,000-seat stadium at Bramley-Moore Dock, set to open next season. The financial backing required for such a project is substantial, prompting Moshiri to explore investment options.
777 Partners, the American investment firm set to acquire Everton, already has an extensive portfolio in the football world. They own or hold stakes in various clubs, including Sevilla, Genoa, Hertha Berlin, Standard Liege, France’s Red Star, and Melbourne Victory. This diverse range of football investments suggests their experience and commitment to the sport.
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Changing Ownership Landscape
Moshiri’s decision to sell reflects a broader trend in football ownership. Traditional owner-benefactors are becoming less common, with many top clubs now under the control of well-resourced private equity firms, specialized sports investors, or state-backed entities. Everton’s shift to American ownership is emblematic of this evolving landscape.
Despite significant investments during Moshiri’s tenure, Everton’s on-field performance has not matched expectations. The club narrowly avoided relegation in the past two seasons and had a challenging start to the current Premier League campaign, garnering just one point from their opening four games.
Financially, Everton has faced difficulties, posting substantial losses between 2018 and 2022. Additionally, they are currently under scrutiny for a potential breach of Premier League spending rules, which could result in a points deduction if ruled against them. These challenges highlight the need for financial stability and strategic investment.
The completion of the ownership transition is expected in the fourth quarter of this year, subject to approvals from football and financial authorities. 777 Partners aims to work closely with fans and stakeholders to develop both the sporting and commercial infrastructure for Everton’s men’s and women’s teams. Their goal is to create a legacy that benefits future generations of Everton supporters.
As Everton prepares for a change in ownership, the club’s supporters will be watching closely to see how this transition impacts the team’s fortunes on and off the field. The rich history and legacy of the club provide a strong foundation, and with prudent investment and strategic planning, Everton may look to recapture its glory days and add to its storied trophy cabinet.
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