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777 Partners acquires Everton in £550m deal

Miami-based private equity firm 777 Partners has agreed a deal to acquire English Premier League football club Everton FC in a deal worth around £550m, subject to approval from the relevant authorites , according to reports.

Several investors have held discussions with the club’s majority shareholder Farhad Moshiri since talks over a deal with MSP Sports Capital collapsed last month, but 777, which is also involved with Spanish side Sevilla, Germany’s Hertha Berlin, and Standard liege of Belgium, has emerged as the cub’s new owner.

In February, Moshiri told Everton’s fans’ advisory board the club was “not for sale” but the British-Iranian businessman, who has invested over £750m since 2016 without with little return on or off the pitch, has agreed to sell his 94.1% stake in the club to 777 Partners.

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